Vanov Holdings Company 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	41.77	47.52	78.63	85.62	12.61
Trading Asset Securities	1.13	0.98	0.83	0.98	-
Cash & Short-Term Investments	42.9	48.5	79.46	86.6	12.61
Cash Growth	-11.54%	-38.97%	-8.25%	586.83%	-57.65%
Accounts Receivable	170.56	207.16	200.8	171.25	147.92
Other Receivables	31.2	5.48	3.77	8.92	0.91
Receivables	201.76	212.64	204.57	180.16	148.83
Inventory	38.56	29.91	19.12	17.33	11.9
Restricted Cash	17.49	42.5	-	-	-
Other Current Assets	2.26	2.58	5.36	1.38	4.65
Total Current Assets	302.97	336.12	308.52	285.48	177.99
Property, Plant & Equipment	364.57	356.09	358.05	176.72	92.36
Other Intangible Assets	97.95	87.65	80.54	39.66	38.89
Long-Term Deferred Tax Assets	1.69	1.35	0.9	0.76	0.72
Long-Term Deferred Charges	-	-	-	29.36	22.45
Other Long-Term Assets	90.63	82.14	75.05	135.71	84.35
Total Assets	857.81	863.35	823.06	667.69	416.76
Accounts Payable	40.28	39	26.04	20.77	25.02
Accrued Expenses	12.07	14.09	11.46	17.88	13.34
Short-Term Debt	-	5.18	3.69	-	3.82
Current Portion of Long-Term Debt	135.84	172.56	112.4	81.88	113.33
Current Portion of Leases	0.98	3.39	4.13	3.46	1.34
Current Income Taxes Payable	14.65	11.53	13.78	14.56	7.48
Current Unearned Revenue	4.28	2.77	1.4	0.49	0.51
Other Current Liabilities	13.45	16.79	18.43	9.89	20.46
Total Current Liabilities	221.55	265.3	191.32	148.92	185.29
Long-Term Debt	205.08	190.64	214.32	133.62	14.21
Long-Term Leases	0.21	-	3.39	6.67	-
Long-Term Deferred Tax Liabilities	10.37	7.69	5.03	5.12	2.28
Total Liabilities	437.22	463.62	414.05	294.33	201.78
Common Stock	3.95	3.95	3.95	3.95	0
Additional Paid-In Capital	-	101.42	101.42	101.42	-
Retained Earnings	-	286.05	256.44	221.14	168.71
Treasury Stock	-	-39.2	-	-	-
Comprehensive Income & Other	412.73	43.84	43.84	43.84	43.84
Total Common Equity	416.68	396.07	405.66	370.36	212.55
Minority Interest	3.91	3.66	3.35	3	2.43
Shareholders' Equity	420.59	399.73	409.01	373.35	214.98
Total Liabilities & Equity	857.81	863.35	823.06	667.69	416.76
Total Debt	342.12	371.76	337.92	225.64	132.69
Net Cash (Debt)	-299.22	-323.27	-258.46	-139.03	-120.08
Net Cash Per Share	-0.66	-0.69	-0.53	-0.29	-0.33
Filing Date Shares Outstanding	456.63	456.63	483.44	483.44	365.8
Total Common Shares Outstanding	456.63	456.63	483.44	483.44	365.8
Working Capital	81.42	70.82	117.2	136.56	-7.3
Book Value Per Share	0.91	0.87	0.84	0.77	0.58
Tangible Book Value	318.73	308.41	325.12	330.7	173.66
Tangible Book Value Per Share	0.70	0.68	0.67	0.68	0.47
Buildings	-	52.2	52.2	50.95	37.31
Machinery	-	372.07	148.29	95.36	93.21
Construction In Progress	-	49	254.34	114.88	38.97
Leasehold Improvements	-	3.73	3.12	2.48	1.88

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