Vala Inc. 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	159.47	280.33	349.49	376.81	313.15
Short-Term Investments	-	46.59	27.31	31.98	39.01
Trading Asset Securities	-	-	0.25	-	0.3
Cash & Short-Term Investments	159.47	326.91	377.05	408.79	352.46
Cash Growth	-51.22%	-13.30%	-7.76%	15.98%	-21.95%
Accounts Receivable	237.93	269.62	267.73	233.57	264.18
Other Receivables	-	36.55	54.96	67.72	73.21
Receivables	237.93	338.79	352.87	311.68	347.6
Inventory	22.29	4.36	3.03	-	-
Restricted Cash	54.62	89.17	121.68	128.83	225.09
Other Current Assets	171.88	16.06	27.35	22.74	37.94
Total Current Assets	646.19	775.3	881.97	872.03	963.09
Property, Plant & Equipment	132.72	163.94	142.33	116.35	110.12
Long-Term Investments	68.65	84.27	86.46	100.95	127.94
Goodwill	-	33.75	33.75	33.75	33.75
Other Intangible Assets	1.15	2.57	4.65	6.97	315.39
Long-Term Deferred Tax Assets	16.33	15.28	15.17	5.39	8.63
Other Long-Term Assets	0.13	0.64	0.63	1.07	0.29
Total Assets	865.17	1,076	1,165	1,137	1,559
Accounts Payable	33.16	15.48	18.18	18.06	26.25
Accrued Expenses	-	17.24	42.39	36.63	28.49
Short-Term Debt	14.63	5.5	83	159.32	197.57
Current Portion of Long-Term Debt	-	54.32	17.8	7.37	6.94
Current Portion of Leases	0.5	2.03	4.35	6.6	3.55
Current Income Taxes Payable	-	-	-	-	0.93
Current Unearned Revenue	33.22	25.61	18.77	16.35	16.48
Other Current Liabilities	133.47	168.86	183.72	161.2	421.12
Total Current Liabilities	214.98	289.04	368.2	405.52	701.33
Long-Term Debt	-	-	59.68	13.17	20.54
Long-Term Leases	0.88	7.19	27.51	6.59	1.05
Long-Term Deferred Tax Liabilities	-	-	-	-	77.55
Total Liabilities	215.87	296.23	455.4	425.28	800.47
Common Stock	0.11	0.11	0.09	0.09	0.09
Additional Paid-In Capital	-	6,199	6,160	6,159	6,153
Retained Earnings	-	-5,393	-5,427	-5,438	-5,355
Comprehensive Income & Other	653.12	-3.3	-7.24	-9.14	-32.5
Total Common Equity	653.23	802.7	725.7	712.44	765.25
Minority Interest	-3.93	-23.18	-16.13	-1.22	-6.5
Shareholders' Equity	649.3	779.52	709.57	711.22	758.75
Total Liabilities & Equity	865.17	1,076	1,165	1,137	1,559
Total Debt	16.01	69.04	192.35	193.05	229.65
Net Cash (Debt)	143.46	257.87	184.7	215.74	122.81
Net Cash Growth	-44.37%	39.62%	-14.39%	75.68%	-45.69%
Net Cash Per Share	0.10	0.20	0.15	0.18	0.10
Filing Date Shares Outstanding	1,472	1,630	1,358	1,358	1,358
Total Common Shares Outstanding	1,472	1,630	1,358	1,358	1,358
Working Capital	431.21	486.26	513.77	466.5	261.76
Book Value Per Share	0.44	0.49	0.53	0.52	0.56
Tangible Book Value	652.08	766.38	687.3	671.72	416.11
Tangible Book Value Per Share	0.44	0.47	0.51	0.49	0.31
Buildings	-	116.77	116.77	105.22	105.22
Machinery	-	126.57	70.09	75.39	102.96
Leasehold Improvements	-	19.72	95.25	93.94	85.64

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