Baoye Group Company 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	9,174	6,469	8,009	9,432	7,749	7,814
Short-Term Investments	1,813	1,973	832.38	329.3	377.94	318.45
Trading Asset Securities	-	308	64.67	6	54	481.6
Cash & Short-Term Investments	10,987	8,750	8,907	9,768	8,181	8,614
Cash Growth	16.00%	-1.76%	-8.82%	19.40%	-5.03%	3.82%
Accounts Receivable	7,313	9,136	10,761	11,544	11,685	12,204
Other Receivables	504.94	1,260	1,341	636.36	250.31	271.84
Receivables	7,937	10,517	12,398	12,384	12,314	12,829
Inventory	12,736	11,666	13,702	16,329	18,613	17,451
Prepaid Expenses	70.13	-	-	-	-	-
Other Current Assets	3,094	4,368	2,825	2,533	3,167	3,496
Total Current Assets	34,824	35,302	37,831	41,013	42,275	42,390
Property, Plant & Equipment	3,643	3,664	3,740	3,776	3,905	3,685
Long-Term Investments	1,006	1,146	1,249	1,223	748.48	752.35
Goodwill	-	16.53	16.53	16.53	16.53	16.53
Other Intangible Assets	210.41	205.38	363.65	371.61	371.61	371.61
Long-Term Deferred Tax Assets	496.3	473.65	429.81	444.81	346.82	303.79
Other Long-Term Assets	1,112	1,123	1,174	1,132	758.55	763.93
Total Assets	41,589	42,228	45,203	48,514	48,820	48,916

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	8,857	9,943	11,173	10,762	9,733	8,931
Accrued Expenses	35.77	67.07	201.48	559.7	632.54	797.77
Short-Term Debt	533.72	3,648	3,369	2,454	2,433	2,978
Current Portion of Long-Term Debt	3,488	389.31	484.15	575.06	501.85	1,183
Current Portion of Leases	2.2	2.15	2	2.76	2.75	1.6
Current Income Taxes Payable	294.15	466.07	500.84	732.46	318.34	265.83
Current Unearned Revenue	8,476	8,296	10,395	13,142	16,613	16,768
Other Current Liabilities	4,939	4,994	4,824	5,955	5,916	5,457
Total Current Liabilities	26,626	27,807	30,950	34,182	36,150	36,381
Long-Term Debt	1,425	548.8	429.43	1,001	586.54	963.23
Long-Term Leases	5.95	7.06	9.32	11.21	13.98	15.55
Long-Term Deferred Tax Liabilities	190.54	226.89	266.36	315.35	215.63	206.66
Total Liabilities	28,247	28,590	31,655	35,510	36,966	37,566

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	889.72	520.63	520.63	520.76	539.65	560.63
Additional Paid-In Capital	-	369.09	369.09	369.47	419.69	475.47
Retained Earnings	11,465	11,972	11,745	11,335	10,446	9,741
Treasury Stock	-	-	-	-	-69.1	-0.23
Comprehensive Income & Other	547.13	258.99	355.07	357.99	67.11	89.57
Total Common Equity	12,902	13,121	12,990	12,583	11,403	10,866
Minority Interest	440.16	517.15	558.02	420.9	451.71	482.96
Shareholders' Equity	13,342	13,638	13,548	13,004	11,855	11,349
Total Liabilities & Equity	41,589	42,228	45,203	48,514	48,820	48,916

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	5,455	4,596	4,294	4,045	3,538	5,141
Net Cash (Debt)	5,533	4,154	4,612	5,723	4,643	3,473
Net Cash Growth	11.93%	-9.93%	-19.41%	23.27%	33.67%	46.55%
Net Cash Per Share	10.63	7.98	8.86	10.88	8.56	6.18
Filing Date Shares Outstanding	520.66	520.63	520.63	520.76	520.76	560.63
Total Common Shares Outstanding	520.66	520.63	520.63	520.76	520.76	560.63
Working Capital	8,198	7,495	6,881	6,831	6,125	6,009
Book Value Per Share	24.78	25.20	24.95	24.16	21.90	19.38
Tangible Book Value	12,692	12,899	12,609	12,195	11,015	10,478
Tangible Book Value Per Share	24.38	24.78	24.22	23.42	21.15	18.69
Buildings	-	3,160	3,306	3,213	3,174	2,713
Machinery	-	1,347	1,376	1,387	1,378	1,265
Construction In Progress	-	651.09	514.26	463.32	417.31	565.57