ETHK Labs 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	350.92	1,774	1,225	1,021	834.63
Short-Term Investments	2.14	24.93	15.55	21.23	7.16
Cash & Short-Term Investments	353.06	1,799	1,240	1,042	841.79
Cash Growth	-80.38%	45.06%	19.05%	23.77%	5.92%
Accounts Receivable	452.55	484.28	532.16	566.8	553.12
Other Receivables	-	1.59	1.25	1.67	1.6
Receivables	452.55	485.87	533.41	568.47	554.72
Inventory	2,288	1,237	1,110	628.62	672.68
Other Current Assets	473.7	194.74	98.92	235.7	462.62
Total Current Assets	3,567	3,717	2,982	2,475	2,532
Property, Plant & Equipment	204.82	104.31	91.45	83.1	71.7
Long-Term Investments	503.24	51.98	68.58	115.29	104.37
Goodwill	-	898.08	898.08	898.08	898.08
Other Intangible Assets	1,636	737.8	737.8	737.8	756.24
Long-Term Deferred Tax Assets	23.99	15.07	6.93	5.37	5.17
Total Assets	5,935	5,524	4,785	4,314	4,367
Accounts Payable	656.21	595.18	506.57	324.05	492.66
Accrued Expenses	-	49.43	52.75	45.03	44.26
Short-Term Debt	1,842	732.57	319.9	329.5	153.73
Current Portion of Long-Term Debt	-	-	-	-	255.08
Current Portion of Leases	-	10.23	11.14	7.86	7.35
Current Income Taxes Payable	14	30.61	41.87	37.89	35.64
Current Unearned Revenue	-	32.43	80.04	56.94	44.25
Other Current Liabilities	141.27	96.21	186.87	143.9	122.94
Total Current Liabilities	2,654	1,547	1,199	945.16	1,156
Long-Term Leases	-	13.17	13.29	12.57	11.5
Long-Term Deferred Tax Liabilities	204.94	202.86	186.75	203.08	206.55
Other Long-Term Liabilities	65.4	-	-	-	-
Total Liabilities	2,924	1,763	1,399	1,161	1,374
Common Stock	5.59	5.6	4.64	4.64	4.63
Additional Paid-In Capital	-	2,320	2,224	2,329	2,416
Retained Earnings	-	1,195	916.55	678.39	468.39
Comprehensive Income & Other	2,942	194.15	199.45	141.56	90.11
Total Common Equity	2,948	3,715	3,345	3,153	2,979
Minority Interest	63.66	46.57	40.95	0.08	14.55
Shareholders' Equity	3,011	3,761	3,386	3,153	2,993
Total Liabilities & Equity	5,935	5,524	4,785	4,314	4,367
Total Debt	1,842	755.97	344.32	349.92	427.65
Net Cash (Debt)	-1,489	1,043	896.01	691.93	414.13
Net Cash Growth	-	16.44%	29.49%	67.08%	11.14%
Net Cash Per Share	-0.92	0.70	0.66	0.51	0.31
Filing Date Shares Outstanding	1,609	1,626	1,355	1,355	1,353
Total Common Shares Outstanding	1,609	1,626	1,355	1,355	1,353
Working Capital	913.76	2,170	1,783	1,529	1,376
Book Value Per Share	1.83	2.29	2.47	2.33	2.20
Tangible Book Value	1,312	2,079	1,709	1,518	1,325
Tangible Book Value Per Share	0.82	1.28	1.26	1.12	0.98
Machinery	-	230.53	204.89	185.12	210.45
Leasehold Improvements	-	11.04	7.66	7.34	4.56

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