XtalPi Holdings 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
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
Cash & Equivalents	2,312	1,166	710.76	574.22	3,524
Short-Term Investments	1,152	159.75	1,263	2,552	314.09
Trading Asset Securities	1,841	1,786	863.37	356.36	-
Cash & Short-Term Investments	5,305	3,112	2,838	3,483	3,838
Cash Growth	56.68%	9.67%	-18.52%	-9.26%	-
Accounts Receivable	500.59	102.33	38.51	37.94	30.72
Other Receivables	-	43.27	19.76	22.95	16.26
Receivables	500.59	152.34	58.26	60.89	46.98
Prepaid Expenses	100.53	24.51	9.3	14.53	5.04
Restricted Cash	2.57	0.8	2.34	5.43	12.75
Other Current Assets	32.72	25.67	37.89	33.28	17.05
Total Current Assets	5,969	3,315	2,945	3,597	3,920
Property, Plant & Equipment	370.27	411.32	559.14	395.63	270.57
Long-Term Investments	1,128	602.16	468.42	303.24	170.47
Other Intangible Assets	230.86	7.74	7.87	6.68	5.12
Other Long-Term Assets	19	18.25	24.92	13.89	16.05
Total Assets	7,718	4,355	4,006	4,316	4,382
Accounts Payable	24.1	16.14	13.65	13.98	10.57
Accrued Expenses	-	96.46	74.17	69.91	48.65
Short-Term Debt	273.93	51.9	60	36	-
Current Portion of Long-Term Debt	-	-	-	-	22.28
Current Portion of Leases	32.25	31.96	58.78	24.25	17.3
Current Income Taxes Payable	-	-	-	4.48	2.49
Current Unearned Revenue	44.78	22.67	33.09	16.64	11.83
Other Current Liabilities	240.75	60.59	57.68	32.39	47.75
Total Current Liabilities	615.8	279.72	297.38	197.65	160.87
Long-Term Debt	7	-	10,780	9,321	7,712
Long-Term Leases	52.92	64.91	137.18	69.21	81.67
Long-Term Unearned Revenue	13.75	17.8	32.04	29.63	30.64
Other Long-Term Liabilities	-	-	-	8.64	0.28
Total Liabilities	689.47	362.43	11,247	9,626	7,986
Common Stock	0.28	0.24	0.05	0.05	0.05
Additional Paid-In Capital	-	-	-	4.59	4.59
Retained Earnings	-8,489	-8,572	-7,040	-5,126	-3,684
Treasury Stock	-	-	-	-0.02	-0.02
Comprehensive Income & Other	15,484	12,536	-227.11	-206.33	70.05
Total Common Equity	6,995	3,964	-7,267	-5,328	-3,609
Minority Interest	33.93	28.55	26.17	17.88	5.39
Shareholders' Equity	7,029	3,992	-7,241	-5,310	-3,604
Total Liabilities & Equity	7,718	4,355	4,006	4,316	4,382
Total Debt	366.1	148.77	11,036	9,450	7,834
Net Cash (Debt)	4,939	2,963	-8,199	-5,968	-3,996
Net Cash Per Share	1.15	1.54	-16.94	-12.33	-8.29
Filing Date Shares Outstanding	5,491	3,414	782.02	483.98	482.27
Total Common Shares Outstanding	5,491	3,414	782.02	483.98	482.27
Working Capital	5,353	3,036	2,648	3,399	3,759
Book Value Per Share	1.27	1.16	-9.29	-11.01	-7.48
Tangible Book Value	6,764	3,956	-7,275	-5,334	-3,614
Tangible Book Value Per Share	1.23	1.16	-9.30	-11.02	-7.49
Machinery	-	319.9	261.38	182.56	73.24
Construction In Progress	-	41.77	98.1	120.88	52.18
Leasehold Improvements	-	170.1	141.86	77.54	69.6

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.