ETHK Labs 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	424.85	1,774	1,225	1,021	834.63	788.61
Short-Term Investments	10.72	24.93	15.55	21.23	7.16	6.12
Cash & Short-Term Investments	435.57	1,799	1,240	1,042	841.79	794.74
Cash Growth	-73.31%	45.06%	19.05%	23.77%	5.92%	-13.17%
Accounts Receivable	509.98	484.28	532.16	566.8	553.12	431.84
Other Receivables	1.51	1.59	1.25	1.67	1.6	4.05
Receivables	511.48	485.87	533.41	568.47	554.72	435.89
Inventory	3,109	1,237	1,110	628.62	672.68	516.07
Other Current Assets	285.71	194.74	98.92	235.7	462.62	357.56
Total Current Assets	4,342	3,717	2,982	2,475	2,532	2,104
Property, Plant & Equipment	114.13	104.31	91.45	83.1	71.7	86.57
Long-Term Investments	51.58	51.98	68.58	115.29	104.37	63.19
Goodwill	-	898.08	898.08	898.08	898.08	898.08
Other Intangible Assets	1,636	737.8	737.8	737.8	756.24	750.54
Long-Term Deferred Tax Assets	15.76	15.07	6.93	5.37	5.17	4.46
Total Assets	6,159	5,524	4,785	4,314	4,367	3,907
Accounts Payable	556.7	595.18	506.57	324.05	492.66	245.37
Accrued Expenses	22.72	49.43	52.75	45.03	44.26	32.07
Short-Term Debt	1,655	732.57	319.9	329.5	153.73	236.31
Current Portion of Long-Term Debt	-	-	-	-	255.08	16.33
Current Portion of Leases	12.74	10.23	11.14	7.86	7.35	10.02
Current Income Taxes Payable	19.4	30.61	41.87	37.89	35.64	20.9
Current Unearned Revenue	30.83	32.43	80.04	56.94	44.25	37.25
Other Current Liabilities	122.25	96.21	186.87	143.9	122.94	92.74
Total Current Liabilities	2,420	1,547	1,199	945.16	1,156	691
Long-Term Debt	-	-	-	-	-	146.99
Long-Term Leases	16.59	13.17	13.29	12.57	11.5	12.45
Long-Term Deferred Tax Liabilities	198.61	202.86	186.75	203.08	206.55	197.39
Total Liabilities	2,635	1,763	1,399	1,161	1,374	1,048
Common Stock	5.59	5.6	4.64	4.64	4.63	4.53
Additional Paid-In Capital	2,312	2,320	2,224	2,329	2,416	2,416
Retained Earnings	1,242	1,195	916.55	678.39	468.39	364.28
Comprehensive Income & Other	-92	194.15	199.45	141.56	90.11	66.61
Total Common Equity	3,467	3,715	3,345	3,153	2,979	2,851
Minority Interest	57.26	46.57	40.95	0.08	14.55	8.12
Shareholders' Equity	3,524	3,761	3,386	3,153	2,993	2,859
Total Liabilities & Equity	6,159	5,524	4,785	4,314	4,367	3,907
Total Debt	1,684	755.97	344.32	349.92	427.65	422.11
Net Cash (Debt)	-1,249	1,043	896.01	691.93	414.13	372.63
Net Cash Growth	-	16.44%	29.49%	67.08%	11.14%	-40.34%
Net Cash Per Share	-0.77	0.70	0.66	0.51	0.31	0.28
Filing Date Shares Outstanding	1,621	1,626	1,355	1,355	1,353	1,323
Total Common Shares Outstanding	1,621	1,626	1,355	1,355	1,353	1,323
Working Capital	1,922	2,170	1,783	1,529	1,376	1,413
Book Value Per Share	2.14	2.29	2.47	2.33	2.20	2.16
Tangible Book Value	1,831	2,079	1,709	1,518	1,325	1,203
Tangible Book Value Per Share	1.13	1.28	1.26	1.12	0.98	0.91
Machinery	-	230.53	204.89	185.12	210.45	194.11
Leasehold Improvements	-	11.04	7.66	7.34	4.56	3.82

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