XD Inc. 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	3,689	2,781	3,207	3,098	3,165
Short-Term Investments	-	50	-	296	102.92
Trading Asset Securities	81.03	78.98	147.66	194.78	689.52
Cash & Short-Term Investments	3,770	2,910	3,354	3,589	3,957
Cash Growth	29.56%	-13.25%	-6.53%	-9.31%	70.60%
Receivables	411.2	333.41	286.81	249.44	223.55
Prepaid Expenses	-	49.23	29.38	15.2	24.87
Restricted Cash	-	-	-	-	0.3
Other Current Assets	131.21	53.88	42.44	36.99	42.14
Total Current Assets	4,313	3,347	3,713	3,891	4,248
Property, Plant & Equipment	124.53	168.78	236.37	367.47	288.46
Long-Term Investments	199.24	121.92	141.4	149.3	119.95
Goodwill	-	167.1	167.1	167.1	167.1
Other Intangible Assets	511.59	61.01	66.31	89.28	81.7
Long-Term Deferred Tax Assets	31.3	32.8	48.92	76.18	75.52
Other Long-Term Assets	40.17	24.92	36.23	56.22	63.38
Total Assets	5,220	3,923	4,409	4,796	5,044
Accounts Payable	194.38	186.34	194.91	203.05	205.39
Accrued Expenses	-	360.98	253.18	269.49	294.54
Current Portion of Long-Term Debt	-	-	1,553	23.53	22.01
Current Portion of Leases	44.77	43.75	44.62	60.96	54.28
Current Income Taxes Payable	115.77	96.78	80.35	67.88	42.74
Current Unearned Revenue	248.16	321.87	180.78	156.69	206.64
Other Current Liabilities	482.26	69.68	75.07	88.9	84.07
Total Current Liabilities	1,085	1,079	2,382	870.51	909.66
Long-Term Debt	-	-	-	1,806	1,662
Long-Term Leases	77.61	115.42	158.64	213.95	83.85
Long-Term Deferred Tax Liabilities	10.64	13.76	-	-	6.16
Total Liabilities	1,174	1,209	2,541	2,890	2,662
Common Stock	0.34	0.34	0.33	0.33	0.33
Additional Paid-In Capital	7,341	7,217	7,036	7,036	7,036
Retained Earnings	1,380	123.76	-763.47	-699.19	-147.58
Comprehensive Income & Other	-4,910	-4,828	-4,564	-4,449	-4,584
Total Common Equity	3,811	2,514	1,709	1,888	2,304
Minority Interest	234.83	200.8	159.58	17.32	78.17
Shareholders' Equity	4,046	2,715	1,869	1,906	2,382
Total Liabilities & Equity	5,220	3,923	4,409	4,796	5,044
Total Debt	122.38	159.17	1,756	2,104	1,822
Net Cash (Debt)	3,648	2,751	1,598	1,484	2,135
Net Cash Growth	32.61%	72.14%	7.65%	-30.47%	-2.49%
Net Cash Per Share	7.30	5.69	3.39	3.15	4.60
Filing Date Shares Outstanding	483.39	479.83	472.02	471.99	471.99
Total Common Shares Outstanding	483.39	479.83	472.02	471.99	471.99
Working Capital	3,227	2,267	1,331	3,020	3,338
Book Value Per Share	7.88	5.24	3.62	4.00	4.88
Tangible Book Value	3,300	2,286	1,476	1,632	2,055
Tangible Book Value Per Share	6.83	4.76	3.13	3.46	4.35
Machinery	-	126.94	144.22	163.73	155.91
Construction In Progress	-	-	-	-	11.32
Leasehold Improvements	-	187.52	179.66	186.33	135.12

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