Shenzhen Q&D Circuits Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	346.25	331.26	179.3	127.53	120.58
Short-Term Investments	-	325	-	-	-
Trading Asset Securities	30	-	-	-	-
Cash & Short-Term Investments	376.25	656.26	179.3	127.53	120.58
Cash Growth	-42.67%	266.00%	40.60%	5.76%	363.60%
Accounts Receivable	285.47	252.77	217.89	200.22	183.05
Other Receivables	5.83	2.69	1.5	2.06	1.51
Receivables	291.3	255.46	219.39	202.27	184.56
Inventory	78.69	58.55	46.46	44.92	52.79
Other Current Assets	81.29	11.53	4.2	5.46	7.43
Total Current Assets	827.52	981.8	449.36	380.19	365.36
Property, Plant & Equipment	623.88	351.81	300.78	290.21	270.04
Other Intangible Assets	28.25	25.62	23.56	23.82	3.28
Long-Term Deferred Tax Assets	5.57	4.75	4.14	3.75	4.57
Long-Term Deferred Charges	29.33	14.4	2.87	3.92	3.89
Other Long-Term Assets	38.88	2.54	7.6	5.93	2.55
Total Assets	1,553	1,381	788.3	707.81	649.7
Accounts Payable	268.36	195.55	181.67	171.24	201.35
Accrued Expenses	20.87	30	26.2	24.18	24.2
Short-Term Debt	-	-	-	12	12.5
Current Portion of Long-Term Debt	6.95	1.66	0.6	14.76	24.8
Current Portion of Leases	-	7.1	7.95	-	-
Current Income Taxes Payable	16.22	6.57	3.98	1.36	1.65
Current Unearned Revenue	1.18	0.96	1.72	3.18	1.05
Other Current Liabilities	9.19	5.4	3.29	3.04	3.32
Total Current Liabilities	322.77	247.26	225.4	229.76	268.87
Long-Term Debt	0.48	0.49	1.65	2.85	-
Long-Term Leases	47.06	45.06	41.27	49.14	62.12
Long-Term Unearned Revenue	9.85	7.45	8.02	8.58	-
Long-Term Deferred Tax Liabilities	1.24	1.41	1.58	1.75	-
Other Long-Term Liabilities	-	-	-	-	0.19
Total Liabilities	381.4	301.68	277.92	292.08	331.18
Common Stock	75.38	75.38	56.53	56.53	56.53
Additional Paid-In Capital	653.14	650.51	213.52	210.31	205.7
Retained Earnings	442.12	351.38	238.74	147.67	56.77
Comprehensive Income & Other	1.39	1.97	1.58	1.22	-0.49
Shareholders' Equity	1,172	1,079	510.38	415.74	318.52
Total Liabilities & Equity	1,553	1,381	788.3	707.81	649.7
Total Debt	54.49	54.32	51.47	78.75	99.43
Net Cash (Debt)	321.75	601.95	127.83	48.78	21.16
Net Cash Growth	-46.55%	370.88%	162.07%	130.56%	-
Net Cash Per Share	4.26	10.10	2.26	0.86	0.40
Filing Date Shares Outstanding	76.46	75.38	56.53	56.46	56.53
Total Common Shares Outstanding	76.46	75.38	56.53	56.46	56.53
Working Capital	504.75	734.54	223.95	150.42	96.5
Book Value Per Share	15.33	14.32	9.03	7.36	5.63
Tangible Book Value	1,144	1,054	486.82	391.92	315.24
Tangible Book Value Per Share	14.96	13.98	8.61	6.94	5.58
Buildings	-	93.46	93.46	77.03	77.03
Machinery	-	312.38	290.28	225.73	199.97
Construction In Progress	-	65.42	7.38	25.14	7.49

Source: S&P Global Market Intelligence. Standard template. Financial Sources.