XXF Group 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	FY 2020
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	Dec '20 Dec 31, 2020
Cash & Equivalents	333.77	340.6	267.73	201.08	79.37	11.88
Short-Term Investments	-	33.87	19.15	18.53	24.27	13.43
Cash & Short-Term Investments	333.77	374.47	286.89	219.61	103.65	25.31
Cash Growth	34.40%	30.53%	30.64%	111.88%	309.56%	-
Accounts Receivable	780.2	770.65	699.15	570	471.14	386.14
Other Receivables	-	156.16	127.32	121.7	105.33	136.95
Receivables	780.2	926.81	826.47	691.7	576.47	523.09
Inventory	153.09	287.76	218.36	255.87	203.1	183.83
Prepaid Expenses	-	75.9	66.96	64.42	54.8	45.68
Restricted Cash	3.9	-	5.65	4.53	5	9.68
Other Current Assets	419.82	-	44.5	5.17	4.48	6.26
Total Current Assets	1,691	1,665	1,449	1,241	947.5	793.85
Property, Plant & Equipment	554.34	494.33	428.07	367.7	353.14	431.17
Long-Term Investments	48.45	48.53	20.02	21.65	25.99	-
Other Intangible Assets	20.28	20.62	19.7	21.78	24.12	26.66
Long-Term Accounts Receivable	1,068	1,051	967.38	910.27	832.57	622.39
Long-Term Deferred Tax Assets	-	-	-	3.9	6.62	3.01
Other Long-Term Assets	26.89	30.6	36.89	32.16	13.04	20.65
Total Assets	3,409	3,310	2,921	2,599	2,203	1,898
Accounts Payable	28.51	80.58	135.52	105.86	68.46	41.57
Accrued Expenses	-	34.25	22.87	27.68	20.57	17.68
Current Portion of Long-Term Debt	1,185	1,152	919.95	828.57	726.6	708.58
Current Portion of Leases	7.11	5.72	6.76	6.09	5.78	6.42
Current Income Taxes Payable	10.85	14.06	9.58	8.79	11.23	4.25
Current Unearned Revenue	-	10	5.57	6.99	1.64	2
Other Current Liabilities	60.3	45.24	81.55	215.55	260.43	71.06
Total Current Liabilities	1,292	1,342	1,182	1,200	1,095	851.55
Long-Term Debt	1,256	1,130	945.71	884.84	656.22	447.38
Long-Term Leases	7.03	5.48	8.14	7.77	8.52	12.74
Long-Term Deferred Tax Liabilities	1.15	5	3.8	-	-	-
Other Long-Term Liabilities	-	-	-	-	-	177.89
Total Liabilities	2,556	2,482	2,139	2,092	1,759	1,490
Common Stock	4.66	4.66	4.66	2.86	2.86	2.86
Additional Paid-In Capital	-	485.19	485.19	326.07	326.07	326.07
Retained Earnings	-	345.27	305.3	192.82	113.91	79.79
Comprehensive Income & Other	841.82	-12.98	-19.65	-21.51	-7.53	-12.18
Total Common Equity	846.47	822.13	775.49	500.24	435.3	396.54
Minority Interest	5.8	5.72	5.96	6.38	8.21	11.63
Shareholders' Equity	852.27	827.85	781.45	506.61	443.51	408.17
Total Liabilities & Equity	3,409	3,310	2,921	2,599	2,203	1,898
Total Debt	2,456	2,293	1,881	1,727	1,397	1,175
Net Cash (Debt)	-2,122	-1,918	-1,594	-1,508	-1,293	-1,150
Net Cash Per Share	-1.29	-1.18	-1.24	-1.22	-1.12	-1.20
Filing Date Shares Outstanding	1,547	1,547	1,547	959.24	959.24	959.24
Total Common Shares Outstanding	1,547	1,547	1,547	959.24	959.24	959.24
Working Capital	398.59	323.17	267.03	41.77	-147.23	-57.7
Book Value Per Share	0.55	0.53	0.50	0.52	0.45	0.41
Tangible Book Value	826.2	801.51	755.79	478.46	411.18	369.88
Tangible Book Value Per Share	0.53	0.52	0.49	0.50	0.43	0.39
Buildings	-	4.64	4.64	4.64	4.64	4.64
Machinery	-	745.63	644.92	541.39	521.54	512.84
Leasehold Improvements	-	30.31	29.28	26.41	26.07	20.3

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