Shenzhen Q&D Circuits Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	328.34	346.25	331.26	179.3	127.53	120.58
Short-Term Investments	-	50.16	325	-	-	-
Trading Asset Securities	30	30	-	-	-	-
Cash & Short-Term Investments	358.34	426.41	656.26	179.3	127.53	120.58
Cash Growth	-16.93%	-35.02%	266.00%	40.60%	5.76%	363.60%
Accounts Receivable	304.77	285.47	252.77	217.89	200.22	183.05
Other Receivables	3.2	4.01	2.69	1.5	2.06	1.51
Receivables	307.97	289.48	255.46	219.39	202.27	184.56
Inventory	105.26	78.69	58.55	46.46	44.92	52.79
Other Current Assets	38.6	32.94	11.53	4.2	5.46	7.43
Total Current Assets	810.17	827.52	981.8	449.36	380.19	365.36
Property, Plant & Equipment	746.34	623.88	351.81	300.78	290.21	270.04
Other Intangible Assets	27.72	28.25	25.62	23.56	23.82	3.28
Long-Term Deferred Tax Assets	7.67	5.57	4.75	4.14	3.75	4.57
Long-Term Deferred Charges	29.87	29.33	14.4	2.87	3.92	3.89
Other Long-Term Assets	15.56	38.88	2.54	7.6	5.93	2.55
Total Assets	1,637	1,553	1,381	788.3	707.81	649.7
Accounts Payable	327.73	268.36	195.55	181.67	171.24	201.35
Accrued Expenses	17.21	32.85	30	26.2	24.18	24.2
Short-Term Debt	-	-	-	-	12	12.5
Current Portion of Long-Term Debt	7.06	0.01	1.66	0.6	14.76	24.8
Current Portion of Leases	-	6.94	7.1	7.95	-	-
Current Income Taxes Payable	18.03	6.88	6.57	3.98	1.36	1.65
Current Unearned Revenue	1.21	1.18	0.96	1.72	3.18	1.05
Other Current Liabilities	8.73	6.55	5.4	3.29	3.04	3.32
Total Current Liabilities	379.96	322.77	247.26	225.4	229.76	268.87
Long-Term Debt	0.48	0.48	0.49	1.65	2.85	-
Long-Term Leases	45.26	47.06	45.06	41.27	49.14	62.12
Long-Term Unearned Revenue	15.52	9.85	7.45	8.02	8.58	-
Long-Term Deferred Tax Liabilities	1.2	1.24	1.41	1.58	1.75	-
Other Long-Term Liabilities	-	-	-	-	-	0.19
Total Liabilities	442.43	381.4	301.68	277.92	292.08	331.18
Common Stock	75.38	75.38	75.38	56.53	56.53	56.53
Additional Paid-In Capital	653.8	653.14	650.51	213.52	210.31	205.7
Retained Earnings	464.75	442.12	351.38	238.74	147.67	56.77
Comprehensive Income & Other	0.97	1.39	1.97	1.58	1.22	-0.49
Shareholders' Equity	1,195	1,172	1,079	510.38	415.74	318.52
Total Liabilities & Equity	1,637	1,553	1,381	788.3	707.81	649.7
Total Debt	52.8	54.49	54.32	51.47	78.75	99.43
Net Cash (Debt)	305.54	371.91	601.95	127.83	48.78	21.16
Net Cash Growth	-19.26%	-38.21%	370.88%	162.07%	130.56%	-
Net Cash Per Share	4.05	4.92	10.10	2.26	0.86	0.40
Filing Date Shares Outstanding	75.38	75.38	75.38	56.53	56.46	56.53
Total Common Shares Outstanding	75.38	75.38	75.38	56.53	56.46	56.53
Working Capital	430.21	504.75	734.54	223.95	150.42	96.5
Book Value Per Share	15.85	15.55	14.32	9.03	7.36	5.63
Tangible Book Value	1,167	1,144	1,054	486.82	391.92	315.24
Tangible Book Value Per Share	15.48	15.17	13.98	8.61	6.94	5.58
Buildings	-	97.04	93.46	93.46	77.03	77.03
Machinery	-	395.14	312.38	290.28	225.73	199.97
Construction In Progress	-	281.75	65.42	7.38	25.14	7.49