Shanghai Xizhi Technology 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	209.06	348.34	290.08
Short-Term Investments	82.2	50.47	42.09
Trading Asset Securities	324.97	-	11.02
Cash & Short-Term Investments	616.22	398.81	343.2
Cash Growth	54.52%	16.20%	-
Accounts Receivable	90.13	20.57	5.16
Other Receivables	0.8	521.62	376.76
Receivables	90.92	542.19	381.91
Inventory	110.35	49.58	50.23
Restricted Cash	0.14	0.76	-
Other Current Assets	28.1	23.02	15.12
Total Current Assets	845.73	1,014	790.46
Property, Plant & Equipment	194.96	82.48	47.72
Long-Term Investments	20.03	-	-
Other Intangible Assets	46.8	62.49	28.1
Long-Term Accounts Receivable	6.87	10	-
Other Long-Term Assets	23.45	13.88	3.9
Total Assets	1,138	1,183	870.18
Accounts Payable	6.64	5.28	0.82
Accrued Expenses	58.52	54.09	38.96
Current Portion of Long-Term Debt	4,924	3,822	3,052
Current Portion of Leases	13.38	12.73	7.33
Current Unearned Revenue	203.76	124.52	18.62
Other Current Liabilities	19.62	123.55	63.97
Total Current Liabilities	5,226	4,142	3,182
Long-Term Leases	13.32	26.3	21.21
Long-Term Unearned Revenue	146.3	66.39	94.32
Other Long-Term Liabilities	-	1.52	-
Total Liabilities	5,386	4,236	3,297
Common Stock	78.17	69.73	10
Retained Earnings	-2,907	-3,281	-2,546
Comprehensive Income & Other	-1,419	158.72	108.97
Shareholders' Equity	-4,248	-3,053	-2,427
Total Liabilities & Equity	1,138	1,183	870.18
Total Debt	4,951	3,861	3,081
Net Cash (Debt)	-4,335	-3,462	-2,737
Net Cash Per Share	-148.87	-245.19	-273.73
Filing Date Shares Outstanding	78.17	14.12	10
Total Common Shares Outstanding	78.17	14.12	10
Working Capital	-4,380	-3,128	-2,391
Book Value Per Share	-54.34	-216.22	-242.70
Tangible Book Value	-4,295	-3,115	-2,455
Tangible Book Value Per Share	-54.94	-220.64	-245.51
Machinery	239.29	76.67	32.46
Leasehold Improvements	15.69	14.99	7.12

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