Vision Synergy Holdings 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	5.8	3.92	44.01	183.45	277.17
Cash & Short-Term Investments	5.8	3.92	44.01	183.45	277.17
Cash Growth	47.94%	-91.09%	-76.01%	-33.81%	-52.37%
Accounts Receivable	71.08	-	25.05	29.35	57.12
Other Receivables	3,087	3,064	3,558	1,118	1,099
Receivables	3,158	3,064	3,583	1,147	1,156
Inventory	288.35	384.66	2,293	5,901	7,054
Prepaid Expenses	1.2	35.01	72.4	62.9	91.68
Other Current Assets	6.16	6.55	31.86	321.1	507.41
Total Current Assets	3,459	3,495	6,024	7,616	9,087
Property, Plant & Equipment	2.71	0.29	39.04	42.31	44.9
Long-Term Investments	4.87	10.74	0.5	0.5	8.49
Long-Term Deferred Tax Assets	0.23	0.23	3.26	131.84	132.55
Other Long-Term Assets	4.85	7.1	578.1	657.49	694.37
Total Assets	3,472	3,513	6,645	8,448	9,967
Accounts Payable	70.4	0.04	31.45	177.14	140.34
Accrued Expenses	404.45	283.45	1,215	1,391	775.63
Short-Term Debt	-	40.87	43.85	57.46	1,582
Current Portion of Long-Term Debt	192.66	152.99	1,614	2,638	1,428
Current Portion of Leases	1.3	-	-	-	0.18
Current Income Taxes Payable	184.12	183.99	240.62	410.56	366.1
Current Unearned Revenue	9.3	35.68	317.52	1,722	3,405
Other Current Liabilities	4,568	4,615	3,729	1,521	1,002
Total Current Liabilities	5,430	5,312	7,191	7,917	8,699
Long-Term Debt	-	-	-	8.84	8.18
Long-Term Leases	0.79	-	-	-	0.04
Long-Term Deferred Tax Liabilities	7.34	7.34	167.01	295.35	311.94
Other Long-Term Liabilities	0.47	-	-	-	-
Total Liabilities	5,439	5,320	7,358	8,221	9,019
Common Stock	12.92	12.92	12.92	96.03	96.03
Additional Paid-In Capital	-	1,065	1,065	921.76	921.76
Retained Earnings	-	-3,129	-2,277	-1,786	-665.24
Comprehensive Income & Other	-2,045	178.37	186.23	95.42	-374.07
Total Common Equity	-2,032	-1,873	-1,013	-673.25	-21.52
Minority Interest	65.17	66.56	300.52	900.58	969.86
Shareholders' Equity	-1,967	-1,807	-712.78	227.33	948.35
Total Liabilities & Equity	3,472	3,513	6,645	8,448	9,967
Total Debt	194.75	193.86	1,658	2,704	3,018
Net Cash (Debt)	-188.94	-189.94	-1,613	-2,521	-2,740
Net Cash Per Share	-0.13	-0.13	-2.36	-22.18	-24.11
Filing Date Shares Outstanding	1,421	1,421	1,421	113.65	113.65
Total Common Shares Outstanding	1,421	1,421	1,421	113.65	113.65
Working Capital	-1,971	-1,818	-1,167	-300.62	388.2
Book Value Per Share	-1.43	-1.32	-0.71	-5.92	-0.19
Tangible Book Value	-2,032	-1,873	-1,013	-673.25	-21.52
Tangible Book Value Per Share	-1.43	-1.32	-0.71	-5.92	-0.19
Buildings	-	-	21.97	21.65	21.76
Machinery	-	5.6	12.83	18.12	18.81
Leasehold Improvements	-	1.79	10.78	10.94	10.94

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