XXF Group Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	340.6	267.73	201.08	79.37	11.88
Short-Term Investments	-	19.15	18.53	24.27	13.43
Cash & Short-Term Investments	340.6	286.89	219.61	103.65	25.31
Cash Growth	18.72%	30.64%	111.88%	309.56%	-
Accounts Receivable	770.65	699.15	570	471.14	386.14
Other Receivables	-	127.32	121.7	105.33	136.95
Receivables	770.65	826.47	691.7	576.47	523.09
Inventory	172.14	218.36	255.87	203.1	183.83
Prepaid Expenses	381.55	66.96	64.42	54.8	45.68
Restricted Cash	-	5.65	4.53	5	9.68
Other Current Assets	-	44.5	5.17	4.48	6.26
Total Current Assets	1,665	1,449	1,241	947.5	793.85
Property, Plant & Equipment	494.33	428.07	367.7	353.14	431.17
Long-Term Investments	48.53	20.02	21.65	25.99	-
Other Intangible Assets	20.62	19.7	21.78	24.12	26.66
Long-Term Accounts Receivable	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	30.6	36.89	32.16	13.04	20.65
Total Assets	3,310	2,921	2,599	2,203	1,898
Accounts Payable	80.58	135.52	105.86	68.46	41.57
Accrued Expenses	-	22.87	27.68	20.57	17.68
Current Portion of Long-Term Debt	1,152	919.95	828.57	726.6	708.58
Current Portion of Leases	5.72	6.76	6.09	5.78	6.42
Current Income Taxes Payable	14.06	9.58	8.79	11.23	4.25
Current Unearned Revenue	-	5.57	6.99	1.64	2
Other Current Liabilities	89.49	81.55	215.55	260.43	71.06
Total Current Liabilities	1,342	1,182	1,200	1,095	851.55
Long-Term Debt	1,130	945.71	884.84	656.22	447.38
Long-Term Leases	5.48	8.14	7.77	8.52	12.74
Long-Term Deferred Tax Liabilities	5	3.8	-	-	-
Other Long-Term Liabilities	-	-	-	-	177.89
Total Liabilities	2,482	2,139	2,092	1,759	1,490
Common Stock	4.66	4.66	2.86	2.86	2.86
Additional Paid-In Capital	-	485.19	326.07	326.07	326.07
Retained Earnings	-	305.3	192.82	113.91	79.79
Comprehensive Income & Other	817.47	-19.65	-21.51	-7.53	-12.18
Total Common Equity	822.13	775.49	500.24	435.3	396.54
Minority Interest	5.72	5.96	6.38	8.21	11.63
Shareholders' Equity	827.85	781.45	506.61	443.51	408.17
Total Liabilities & Equity	3,310	2,921	2,599	2,203	1,898
Total Debt	2,293	1,881	1,727	1,397	1,175
Net Cash (Debt)	-1,952	-1,594	-1,508	-1,293	-1,150
Net Cash Per Share	-1.20	-1.23	-1.22	-1.12	-1.20
Filing Date Shares Outstanding	1,547	1,547	959.24	959.24	959.24
Total Common Shares Outstanding	1,547	1,547	959.24	959.24	959.24
Working Capital	323.17	267.03	41.77	-147.23	-57.7
Book Value Per Share	0.53	0.50	0.52	0.45	0.41
Tangible Book Value	801.51	755.79	478.46	411.18	369.88
Tangible Book Value Per Share	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.