Veson 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	187.82	332.96	133.83	200.94	226.7
Cash & Short-Term Investments	187.82	332.96	133.83	200.94	226.7
Cash Growth	-43.59%	148.80%	-33.40%	-11.36%	7.29%
Accounts Receivable	1,866	1,853	2,397	2,025	2,568
Other Receivables	198.65	73.21	82.85	83.4	29.9
Receivables	2,065	1,926	2,479	2,108	2,598
Inventory	512.7	542.85	574.07	787.28	553.05
Prepaid Expenses	-	-	-	235.47	171.51
Other Current Assets	835.47	780.04	814	710.97	988.69
Total Current Assets	3,601	3,582	4,001	4,043	4,538
Property, Plant & Equipment	593.62	571.49	646.92	797.58	845.17
Long-Term Investments	20.94	20.94	20.94	20.94	-
Other Intangible Assets	1.77	2.2	3.03	4.19	4.54
Long-Term Deferred Tax Assets	87.4	98.97	102.64	98.7	105.36
Other Long-Term Assets	70.39	92.83	95.51	77.11	85.67
Total Assets	4,375	4,369	4,870	5,042	5,579
Accounts Payable	2,003	1,962	2,363	2,613	3,118
Accrued Expenses	22.42	21.65	26.16	39.67	37.16
Short-Term Debt	1.41	1.07	1.21	1.14	2.33
Current Portion of Long-Term Debt	711.9	1,003	1,037	879.44	861.66
Current Portion of Leases	5.31	4.06	6.73	7.02	6.44
Current Income Taxes Payable	55.07	43.45	32.06	28.77	69.78
Current Unearned Revenue	20.57	10.98	17.77	14.92	21.03
Other Current Liabilities	7.28	10.38	27.6	65.12	65.51
Total Current Liabilities	2,827	3,056	3,511	3,649	4,182
Long-Term Debt	425.57	219.16	263	307.1	313.33
Long-Term Leases	10.44	-	4.85	10.72	16.59
Long-Term Deferred Tax Liabilities	5.36	5.36	5.36	5.36	5.36
Total Liabilities	3,268	3,281	3,784	3,972	4,517
Common Stock	107.59	107.59	107.59	107.59	107.59
Additional Paid-In Capital	619.29	619.29	619.29	619.29	619.29
Retained Earnings	262.41	240.87	252.85	232.74	208.7
Comprehensive Income & Other	108.79	105.45	111.79	110.59	122.04
Total Common Equity	1,098	1,073	1,092	1,070	1,058
Minority Interest	8.85	14.57	-5.46	-0.95	3.77
Shareholders' Equity	1,107	1,088	1,086	1,069	1,061
Total Liabilities & Equity	4,375	4,369	4,870	5,042	5,579
Total Debt	1,155	1,227	1,313	1,205	1,200
Net Cash (Debt)	-966.8	-894.38	-1,179	-1,004	-973.64
Net Cash Per Share	-0.89	-0.82	-1.08	-0.92	-0.89
Filing Date Shares Outstanding	1,090	1,090	1,090	1,090	1,090
Total Common Shares Outstanding	1,090	1,090	1,090	1,090	1,090
Working Capital	774.16	525.85	490.23	393.92	355.93
Book Value Per Share	1.01	0.98	1.00	0.98	0.97
Tangible Book Value	1,096	1,071	1,088	1,066	1,053
Tangible Book Value Per Share	1.01	0.98	1.00	0.98	0.97
Buildings	442.11	370.79	373.87	432.87	433.34
Machinery	624.97	615.71	634.24	649.71	643.09
Construction In Progress	75.47	43.51	40.16	37.46	16.99
Leasehold Improvements	140.71	140.9	140.61	140.57	136.9

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