Jiangsu Recbio Technology 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	104.2	319.04	834.98	1,325	1,183	355.82
Short-Term Investments	-	131.31	2.78	3.85	2.96	3.29
Trading Asset Securities	-	-	-	-	-	325.89
Cash & Short-Term Investments	104.2	450.35	837.76	1,329	1,186	685
Cash Growth	-80.39%	-46.24%	-36.96%	12.10%	73.07%	132.20%
Other Receivables	-	93.89	38.57	12.58	51.94	11.13
Receivables	-	93.89	38.57	12.58	51.94	11.13
Inventory	37.79	63.48	118.08	66.14	38.55	8.47
Other Current Assets	139.67	47.41	134.97	12.2	18.57	4.78
Total Current Assets	281.66	655.13	1,129	1,420	1,295	709.38
Property, Plant & Equipment	1,076	1,089	884.23	631.25	471.61	186.18
Long-Term Investments	-	3.9	2.4	31.4	80	50
Goodwill	9.31	9.31	9.31	9.31	9.31	9.31
Other Intangible Assets	34.91	37.43	41.13	33.51	22.12	22.12
Long-Term Deferred Charges	-	71.3	-	-	-	-
Other Long-Term Assets	140.77	73.75	119.84	184.22	41.62	70.04
Total Assets	1,543	1,940	2,186	2,310	1,919	1,047
Accounts Payable	53.94	59.79	115.08	62.52	16.82	1.99
Accrued Expenses	175.89	159.82	118.82	148.8	53.46	36.44
Current Portion of Long-Term Debt	510.19	499.38	46.31	1.39	-	-
Current Portion of Leases	10.66	10.84	14.73	20.36	7.86	4.33
Current Income Taxes Payable	-	-	-	-	-	2.17
Other Current Liabilities	119.7	109.6	149.29	95.91	61.15	12.55
Total Current Liabilities	881.45	839.42	444.24	328.98	139.29	57.48
Long-Term Debt	319.1	378.88	585.33	231.62	50	-
Long-Term Leases	-	-	4.42	29.25	18.86	21.79
Long-Term Unearned Revenue	51.87	58.9	75.81	61.14	32.24	18.12
Long-Term Deferred Tax Liabilities	5.53	5.53	5.53	5.53	5.53	5.53
Other Long-Term Liabilities	107.11	128.18	-	-	-	1,953
Total Liabilities	1,365	1,411	1,115	656.53	245.92	2,056
Common Stock	482.96	482.96	482.96	482.96	448.25	36.07
Additional Paid-In Capital	2,583	2,583	2,583	2,583	1,954	1,172
Retained Earnings	-3,237	-2,897	-2,334	-1,754	-1,031	-373.28
Treasury Stock	-94.6	-68.28	-54.01	-	-	-
Comprehensive Income & Other	443.6	428.31	393.76	349.44	301.63	-1,844
Total Common Equity	177.63	529.32	1,071	1,662	1,673	-1,009
Minority Interest	-	-	-0.49	-8.8	-0.01	-
Shareholders' Equity	177.63	529.32	1,071	1,653	1,673	-1,009
Total Liabilities & Equity	1,543	1,940	2,186	2,310	1,919	1,047
Total Debt	839.95	889.1	650.8	282.63	76.72	26.13
Net Cash (Debt)	-735.75	-438.75	186.97	1,046	1,109	658.87
Net Cash Growth	-	-	-82.13%	-5.63%	68.29%	127.61%
Net Cash Per Share	-1.54	-0.92	0.39	2.21	2.63	2.14
Filing Date Shares Outstanding	473.7	477.37	479.15	482.96	448.25	448.25
Total Common Shares Outstanding	473.7	477.37	479.15	482.96	448.25	36.07
Working Capital	-599.8	-184.29	685.14	1,091	1,155	651.9
Book Value Per Share	0.37	1.11	2.24	3.44	3.73	-27.97
Tangible Book Value	133.42	482.59	1,021	1,619	1,642	-1,040
Tangible Book Value Per Share	0.28	1.01	2.13	3.35	3.66	-28.84
Machinery	-	569.97	291.14	198	144.58	64.74
Construction In Progress	-	493.73	493.71	381.73	266.74	57.49
Leasehold Improvements	-	150.91	150.38	30.06	29.21	15.64

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