XtalPi Holdings 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	2,623	2,573	1,166	710.76	574.22	3,524
Short-Term Investments	3,864	1,923	159.75	1,263	2,552	314.09
Trading Asset Securities	2,198	2,566	1,786	863.37	356.36	-
Cash & Short-Term Investments	8,685	7,062	3,112	2,838	3,483	3,838
Cash Growth	63.38%	126.94%	9.67%	-18.52%	-9.26%	-
Accounts Receivable	213.1	154.74	102.33	38.51	37.94	30.72
Other Receivables	45.59	53.71	43.27	19.76	22.95	16.26
Receivables	267.24	216.79	152.34	58.26	60.89	46.98
Inventory	275.16	127.42	25.67	-	-	-
Prepaid Expenses	53.45	42.28	24.51	9.3	14.53	5.04
Restricted Cash	5.02	17.99	0.8	2.34	5.43	12.75
Other Current Assets	-	-	-	37.89	33.28	17.05
Total Current Assets	9,286	7,467	3,315	2,945	3,597	3,920
Property, Plant & Equipment	392.61	364.62	411.32	559.14	395.63	270.57
Long-Term Investments	2,680	2,139	602.16	468.42	303.24	170.47
Goodwill	-	168.86	-	-	-	-
Other Intangible Assets	232.27	64.53	7.74	7.87	6.68	5.12
Long-Term Accounts Receivable	6.93	6.79	-	-	-	-
Other Long-Term Assets	25.33	6.92	18.25	24.92	13.89	16.05
Total Assets	12,623	10,217	4,355	4,006	4,316	4,382

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	129.99	62.28	16.14	13.65	13.98	10.57
Accrued Expenses	108.41	135.89	95.54	74.11	69.91	48.65
Short-Term Debt	2,695	158.8	51.9	60	36	-
Current Portion of Long-Term Debt	24.9	12	-	-	-	22.28
Current Portion of Leases	37.62	25.46	31.96	58.78	24.25	17.3
Current Income Taxes Payable	2.73	2.86	0.93	0.06	4.48	2.49
Current Unearned Revenue	87.87	57.37	22.67	33.09	16.64	11.83
Other Current Liabilities	72.28	50.89	60.59	57.68	32.39	47.75
Total Current Liabilities	3,159	505.56	279.72	297.38	197.65	160.87
Long-Term Debt	270.5	175	-	10,780	9,321	7,712
Long-Term Leases	90.44	70.6	64.91	137.18	69.21	81.67
Long-Term Unearned Revenue	24.16	28	17.8	32.04	29.63	30.64
Long-Term Deferred Tax Liabilities	7.24	7.45	-	-	-	-
Other Long-Term Liabilities	-	-	-	-	8.64	0.28
Total Liabilities	3,551	786.61	362.43	11,247	9,626	7,986

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	0.3	0.3	0.24	0.05	0.05	0.05
Additional Paid-In Capital	17,975	-	-	-	4.59	4.59
Retained Earnings	-8,700	-8,448	-8,572	-7,040	-5,126	-3,684
Treasury Stock	-0.01	-	-	-	-0.02	-0.02
Comprehensive Income & Other	-274.97	17,832	12,536	-227.11	-206.33	70.05
Total Common Equity	9,000	9,384	3,964	-7,267	-5,328	-3,609
Minority Interest	72.26	47.17	28.55	26.17	17.88	5.39
Shareholders' Equity	9,072	9,431	3,992	-7,241	-5,310	-3,604
Total Liabilities & Equity	12,623	10,217	4,355	4,006	4,316	4,382

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	3,118	441.86	148.77	11,036	9,450	7,834
Net Cash (Debt)	5,567	6,620	2,963	-8,199	-5,968	-3,996
Net Cash Growth	12.46%	123.42%	-	-	-	-
Net Cash Per Share	1.38	1.66	1.54	-16.94	-12.33	-8.29
Filing Date Shares Outstanding	4,303	4,303	3,414	782.02	483.98	482.27
Total Common Shares Outstanding	4,303	4,303	3,414	782.02	483.98	482.27
Working Capital	6,127	6,961	3,036	2,648	3,399	3,759
Book Value Per Share	2.09	2.18	1.16	-9.29	-11.01	-7.48
Tangible Book Value	8,768	9,150	3,956	-7,275	-5,334	-3,614
Tangible Book Value Per Share	2.04	2.13	1.16	-9.30	-11.02	-7.49
Machinery	-	352.72	319.9	261.38	182.56	73.24
Construction In Progress	-	32.83	41.77	98.1	120.88	52.18
Leasehold Improvements	-	181.13	170.1	141.86	77.54	69.6