V.S. International Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Cash & Equivalents	62.16	53.63	84.65	85.46	68.61	43.2
Cash & Short-Term Investments	62.16	53.63	84.65	85.46	68.61	43.2
Cash Growth	-26.57%	-36.64%	-0.94%	24.56%	58.83%	-58.64%
Accounts Receivable	63.11	69.64	55.59	12.95	19.07	57.46
Other Receivables	7.19	3.57	6.16	14.23	23.22	20.74
Receivables	70.29	73.21	61.76	27.17	42.29	78.19
Inventory	74.76	86.04	84.97	8.06	16.45	24.44
Restricted Cash	1.98	-	13.15	-	1	1
Other Current Assets	-	13.2	-	-	5	47.44
Total Current Assets	209.19	226.08	244.53	120.69	133.34	194.26
Property, Plant & Equipment	178.9	187.77	342.38	198.35	224.6	287.6
Long-Term Investments	-	-	-	12.67	10.6	9.07
Long-Term Deferred Tax Assets	6.01	5.54	4.49	-	-	1.03
Other Long-Term Assets	456.6	456.88	2.34	-	-	-
Total Assets	850.71	876.27	593.74	331.71	368.54	491.96
Accounts Payable	49.04	52.77	57.37	7.46	7.88	22.86
Accrued Expenses	31.95	32.32	28.35	8.33	11.19	17.05
Short-Term Debt	-	-	-	-	-	53.63
Current Portion of Long-Term Debt	74.78	75.19	101.74	35.11	-	-
Current Portion of Leases	6.12	6.15	6.48	-	-	0.22
Current Income Taxes Payable	4.69	7.45	0.56	-	0.09	0.06
Current Unearned Revenue	2.82	4.38	4.81	-	8.4	7.88
Other Current Liabilities	1.77	0.58	3.55	0.59	0.7	0.64
Total Current Liabilities	171.18	178.83	202.85	51.49	28.25	102.33
Long-Term Debt	2.82	22.97	26.46	-	37.41	36.01
Long-Term Leases	7.92	11.66	13.13	-	-	-
Pension & Post-Retirement Benefits	3.03	2.82	2.8	-	-	-
Long-Term Deferred Tax Liabilities	82.72	82.8	4.88	0.92	0.92	2.82
Other Long-Term Liabilities	-	-	0.86	-	-	-
Total Liabilities	267.65	299.08	250.99	52.41	66.58	141.15
Common Stock	114.35	114.35	114.35	105.01	105.01	105.01
Additional Paid-In Capital	310.1	310.1	310.1	306.36	306.36	306.36
Retained Earnings	-159.34	-159.93	-	-138.4	-116.08	-67.83
Comprehensive Income & Other	246.24	246.94	-142.08	6.32	6.65	7.25
Total Common Equity	511.35	511.46	282.37	279.3	301.96	350.8
Minority Interest	71.71	65.73	60.38	-	-	-
Shareholders' Equity	583.05	577.19	342.75	279.3	301.96	350.8
Total Liabilities & Equity	850.71	876.27	593.74	331.71	368.54	491.96
Total Debt	91.64	115.96	147.81	35.11	37.41	89.85
Net Cash (Debt)	-29.48	-62.33	-63.16	50.35	31.19	-46.65
Net Cash Growth	-	-	-	61.41%	-	-
Net Cash Per Share	-0.01	-0.03	-0.03	0.02	0.01	-0.02
Filing Date Shares Outstanding	2,511	2,511	2,324	2,308	2,308	2,308
Total Common Shares Outstanding	2,511	2,511	2,324	2,308	2,308	2,308
Working Capital	38.02	47.25	41.68	69.2	105.09	91.93
Book Value Per Share	0.20	0.20	0.12	0.12	0.13	0.15
Tangible Book Value	511.35	511.46	282.37	279.3	301.96	350.8
Tangible Book Value Per Share	0.20	0.20	0.12	0.12	0.13	0.15
Buildings	-	65.1	-	245.51	249.73	251.14
Machinery	-	444.32	-	435.62	447.56	596.29
Construction In Progress	-	0.64	-	-	-	-
Leasehold Improvements	-	0.44	-	12.51	12.51	27.26

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.