Launch Tech 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	544.09	547.77	619.53	525.48	415.35
Short-Term Investments	-	-	-	21	-
Trading Asset Securities	36.05	9.62	6.05	0.02	0.04
Cash & Short-Term Investments	580.14	557.39	625.58	546.51	415.39
Cash Growth	4.08%	-10.90%	14.47%	31.57%	4.65%
Accounts Receivable	354.94	330.94	267.28	198.65	211.8
Other Receivables	13.71	18.61	46.97	319.53	24.01
Receivables	368.65	349.55	314.25	518.18	235.81
Inventory	267.33	212.77	207.18	243.37	212.76
Other Current Assets	96.05	107.19	58.56	63.84	77.25
Total Current Assets	1,312	1,227	1,206	1,372	941.22
Property, Plant & Equipment	268.25	172.76	431.83	387.37	419.55
Long-Term Investments	60.28	55.67	20.59	10.06	8.71
Goodwill	107.81	104.55	88.19	66.83	1.14
Other Intangible Assets	87.62	96.33	56.1	73.37	100.65
Long-Term Deferred Tax Assets	3.1	2.98	0.16	0.01	4.34
Long-Term Deferred Charges	1.9	0.5	0.5	0.5	-
Other Long-Term Assets	323.05	336.99	52.27	76.58	79.96
Total Assets	2,164	1,997	1,855	1,987	1,556
Accounts Payable	251.58	208.95	163.9	242.97	216.99
Accrued Expenses	65.26	63.75	52.83	35.73	28.2
Short-Term Debt	76.64	79.92	177.99	237.39	395.57
Current Portion of Long-Term Debt	12.65	3.94	19.26	19.62	-
Current Portion of Leases	-	4.74	7.24	4.89	3.12
Current Income Taxes Payable	27.45	10.32	0.56	8.64	9.08
Current Unearned Revenue	245.89	159.39	95.86	93.34	84.13
Other Current Liabilities	65.79	53.99	69.7	52.43	64.35
Total Current Liabilities	745.27	585	587.35	695.01	801.43
Long-Term Debt	155.78	158.61	176.28	202.14	-
Long-Term Leases	26.61	4.77	9.25	9.8	0.2
Long-Term Unearned Revenue	3.67	4.46	7.5	7.57	8.16
Long-Term Deferred Tax Liabilities	0.12	-	-	0.14	0.22
Total Liabilities	931.44	752.84	780.38	914.66	810.02
Common Stock	410.16	415.79	415.79	432.22	432.22
Additional Paid-In Capital	345.09	393.8	393.8	409.99	409.99
Retained Earnings	445.17	415.65	259.02	237.07	-90.76
Comprehensive Income & Other	21.79	12.73	-1.38	-7.56	-6.12
Total Common Equity	1,222	1,238	1,067	1,072	745.32
Minority Interest	10.53	5.86	7.61	0.23	0.23
Shareholders' Equity	1,233	1,244	1,075	1,072	745.55
Total Liabilities & Equity	2,164	1,997	1,855	1,987	1,556
Total Debt	271.68	251.98	390.02	473.85	398.89
Net Cash (Debt)	308.46	305.41	235.56	72.66	16.5
Net Cash Growth	1.00%	29.65%	224.17%	340.39%	-85.72%
Net Cash Per Share	0.75	0.73	0.55	0.17	0.04
Filing Date Shares Outstanding	410.16	415.79	415.79	432.22	432.22
Total Common Shares Outstanding	410.16	415.79	415.79	432.22	432.22
Working Capital	566.9	641.9	618.22	676.89	139.79
Book Value Per Share	2.98	2.98	2.57	2.48	1.72
Tangible Book Value	1,027	1,037	922.94	931.52	643.53
Tangible Book Value Per Share	2.50	2.49	2.22	2.16	1.49
Buildings	-	134.09	134.09	139.33	287.44
Machinery	-	129.72	125.68	122.82	137.79
Construction In Progress	-	63.42	309.07	255.03	219.59

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