Vala Inc. Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	161.04	280.33	349.49	376.81	313.15	412.68
Short-Term Investments	51.86	46.59	27.31	31.98	39.01	38.89
Trading Asset Securities	-	-	0.25	-	0.3	-
Cash & Short-Term Investments	212.9	326.91	377.05	408.79	352.46	451.58
Cash Growth	-30.62%	-13.30%	-7.76%	15.98%	-21.95%	-70.13%
Accounts Receivable	251.66	269.62	267.73	233.57	264.18	218.63
Other Receivables	43.56	36.55	54.96	67.72	73.21	61.08
Receivables	330.71	338.79	352.87	311.68	347.6	279.71
Inventory	21.27	4.36	3.03	-	-	-
Prepaid Expenses	-	-	-	-	-	10.16
Restricted Cash	83.08	89.17	121.68	128.83	225.09	221.74
Other Current Assets	16.99	16.06	27.35	22.74	37.94	44.19
Total Current Assets	664.95	775.3	881.97	872.03	963.09	1,007
Property, Plant & Equipment	159.12	163.94	142.33	116.35	110.12	128.31
Long-Term Investments	125.35	84.27	86.46	100.95	127.94	132.79
Goodwill	-	33.75	33.75	33.75	33.75	33.75
Other Intangible Assets	1.59	2.57	4.65	6.97	315.39	467.39
Long-Term Deferred Tax Assets	15.34	15.28	15.17	5.39	8.63	101.75
Other Long-Term Assets	0.64	0.64	0.63	1.07	0.29	0.39
Total Assets	966.98	1,076	1,165	1,137	1,559	1,872
Accounts Payable	14.77	15.48	18.18	18.06	26.25	8.15
Accrued Expenses	8.79	17.24	42.39	36.63	28.49	43.13
Short-Term Debt	0.5	5.5	83	159.32	197.57	161.58
Current Portion of Long-Term Debt	-	54.32	17.8	7.37	6.94	31.56
Current Portion of Leases	1.49	2.03	4.35	6.6	3.55	2.99
Current Income Taxes Payable	-	-	-	-	0.93	2.41
Current Unearned Revenue	19.62	25.61	18.77	16.35	16.48	17.21
Other Current Liabilities	166.99	168.86	183.72	161.2	421.12	474.37
Total Current Liabilities	212.17	289.04	368.2	405.52	701.33	741.41
Long-Term Debt	-	-	59.68	13.17	20.54	27.48
Long-Term Leases	5.5	7.19	27.51	6.59	1.05	1.83
Long-Term Deferred Tax Liabilities	-	-	-	-	77.55	119.43
Total Liabilities	217.67	296.23	455.4	425.28	800.47	890.15
Common Stock	0.11	0.11	0.09	0.09	0.09	0.09
Additional Paid-In Capital	6,199	6,199	6,160	6,159	6,153	6,137
Retained Earnings	-5,437	-5,393	-5,427	-5,438	-5,355	-5,121
Comprehensive Income & Other	-5.72	-3.3	-7.24	-9.14	-32.5	-45.85
Total Common Equity	756.32	802.7	725.7	712.44	765.25	969.61
Minority Interest	-7	-23.18	-16.13	-1.22	-6.5	11.97
Shareholders' Equity	749.32	779.52	709.57	711.22	758.75	981.59
Total Liabilities & Equity	966.98	1,076	1,165	1,137	1,559	1,872
Total Debt	7.49	69.04	192.35	193.05	229.65	225.44
Net Cash (Debt)	205.41	257.87	184.7	215.74	122.81	226.13
Net Cash Growth	3.35%	39.62%	-14.39%	75.68%	-45.69%	-81.92%
Net Cash Per Share	0.14	0.20	0.15	0.18	0.10	0.21
Filing Date Shares Outstanding	1,630	1,630	1,358	1,358	1,358	1,358
Total Common Shares Outstanding	1,630	1,630	1,358	1,358	1,358	1,358
Working Capital	452.78	486.26	513.77	466.5	261.76	265.96
Book Value Per Share	0.46	0.49	0.53	0.52	0.56	0.71
Tangible Book Value	754.73	766.38	687.3	671.72	416.11	468.48
Tangible Book Value Per Share	0.46	0.47	0.51	0.49	0.31	0.34
Buildings	-	116.77	116.77	105.22	105.22	105.22
Machinery	-	126.57	70.09	75.39	102.96	103.96
Leasehold Improvements	-	19.72	95.25	93.94	85.64	85.44

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