Vala Inc. Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	126.12	159.47	280.33	349.49	376.81	313.15
Short-Term Investments	74.25	75.54	46.59	27.31	31.98	39.01
Trading Asset Securities	-	-	-	0.25	-	0.3
Cash & Short-Term Investments	200.36	235.01	326.91	377.05	408.79	352.46
Cash Growth	-5.89%	-28.11%	-13.30%	-7.76%	15.98%	-21.95%
Accounts Receivable	221.18	237.93	269.62	267.73	233.57	264.18
Other Receivables	34.28	48.48	28.15	54.96	67.72	73.21
Receivables	284.75	314.43	330.39	352.87	311.68	347.6
Inventory	42.2	22.29	4.36	3.03	-	-
Restricted Cash	47.49	54.62	89.17	121.68	128.83	225.09
Other Current Assets	16.86	19.84	24.46	27.35	22.74	37.94
Total Current Assets	591.66	646.19	775.3	881.97	872.03	963.09
Property, Plant & Equipment	121.75	132.72	163.94	142.33	116.35	110.12
Long-Term Investments	64.24	68.65	84.27	86.46	100.95	127.94
Goodwill	-	-	33.75	33.75	33.75	33.75
Other Intangible Assets	0.92	1.15	2.57	4.65	6.97	315.39
Long-Term Deferred Tax Assets	14.44	16.33	15.28	15.17	5.39	8.63
Other Long-Term Assets	0.05	0.13	0.64	0.63	1.07	0.29
Total Assets	793.07	865.17	1,076	1,165	1,137	1,559

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	17.6	12.6	15.48	18.18	18.06	26.25
Accrued Expenses	10.99	17.56	17.24	42.39	36.63	28.49
Short-Term Debt	10	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	0.46	0.5	2.03	4.35	6.6	3.55
Current Income Taxes Payable	-	-	-	-	-	0.93
Current Unearned Revenue	25.45	33.22	25.61	18.77	16.35	16.48
Other Current Liabilities	126.64	136.47	168.86	183.72	161.2	421.12
Total Current Liabilities	191.14	214.98	289.04	368.2	405.52	701.33
Long-Term Debt	-	-	-	59.68	13.17	20.54
Long-Term Leases	0.21	0.88	7.19	27.51	6.59	1.05
Long-Term Deferred Tax Liabilities	-	-	-	-	-	77.55
Total Liabilities	191.35	215.87	296.23	455.4	425.28	800.47

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	0.11	0.11	0.11	0.09	0.09	0.09
Additional Paid-In Capital	-	6,199	6,199	6,160	6,159	6,153
Retained Earnings	-	-5,541	-5,393	-5,427	-5,438	-5,355
Comprehensive Income & Other	605.02	-5.39	-3.3	-7.24	-9.14	-32.5
Total Common Equity	605.13	653.23	802.7	725.7	712.44	765.25
Minority Interest	-3.41	-3.93	-23.18	-16.13	-1.22	-6.5
Shareholders' Equity	601.72	649.3	779.52	709.57	711.22	758.75
Total Liabilities & Equity	793.07	865.17	1,076	1,165	1,137	1,559

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	10.67	16.01	69.04	192.35	193.05	229.65
Net Cash (Debt)	189.69	218.99	257.87	184.7	215.74	122.81
Net Cash Growth	-7.65%	-15.08%	39.62%	-14.39%	75.68%	-45.69%
Net Cash Per Share	0.13	0.15	0.20	0.15	0.18	0.10
Filing Date Shares Outstanding	1,500	1,630	1,630	1,358	1,358	1,358
Total Common Shares Outstanding	1,500	1,630	1,630	1,358	1,358	1,358
Working Capital	400.52	431.21	486.26	513.77	466.5	261.76
Book Value Per Share	0.40	0.40	0.49	0.53	0.52	0.56
Tangible Book Value	604.21	652.08	766.38	687.3	671.72	416.11
Tangible Book Value Per Share	0.40	0.40	0.47	0.51	0.49	0.31
Buildings	-	116.77	116.77	116.77	105.22	105.22
Machinery	-	132.66	126.57	70.09	75.39	102.96
Leasehold Improvements	-	20.26	19.72	95.25	93.94	85.64