ArtGo 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	7.63	16.05	100.96	15.76	23.09	19.76
Short-Term Investments	1.83	1.95	2.03	2.04	2.57	1.45
Cash & Short-Term Investments	9.46	18	102.99	17.81	25.65	21.21
Cash Growth	1.99%	-82.52%	478.42%	-30.59%	20.94%	-76.13%
Accounts Receivable	16.07	19.07	24.95	29	26.42	60.64
Other Receivables	57.41	55	49.26	38.4	37.06	3.9
Receivables	73.48	74.07	74.21	67.4	63.49	64.54
Inventory	76.87	65.69	54.4	90.46	88.12	79.34
Prepaid Expenses	6.84	7.36	3.9	4.88	1.47	0.19
Other Current Assets	23.82	23.82	31.98	16.51	35.7	122.46
Total Current Assets	190.47	188.94	267.46	197.05	214.42	287.73
Property, Plant & Equipment	661.49	671.04	692.43	752.72	741.49	696.77
Long-Term Investments	36.83	37.33	39.15	89.14	93.94	322.1
Other Intangible Assets	80.45	80.45	314.52	596.62	662.33	662.55
Long-Term Deferred Tax Assets	0.16	0.16	0.16	1.1	0.92	6.69
Other Long-Term Assets	20.98	21.72	22.6	24.51	25.75	274.89
Total Assets	990.37	999.64	1,336	1,661	1,739	2,251
Accounts Payable	27.48	23.28	21.13	23.08	16.38	35.07
Accrued Expenses	68.42	72.59	52.8	69.76	87.56	76.84
Short-Term Debt	0.59	2.78	13.54	25.38	12.3	3.14
Current Portion of Long-Term Debt	26.69	24.73	49.9	19.9	23.07	30.73
Current Portion of Leases	0.09	0.61	0.96	1.1	1.12	5.15
Current Income Taxes Payable	23.6	26.15	23.99	23.28	21.33	23.04
Current Unearned Revenue	14.37	11.95	5.92	5.67	2.97	6.12
Other Current Liabilities	2.1	1.5	2.7	11.01	17.82	18.09
Total Current Liabilities	163.34	163.58	170.95	179.19	182.55	198.18
Long-Term Debt	218.1	200.72	274.51	319.57	261.34	350.87
Long-Term Leases	-	-	0.59	0.2	0.77	23.15
Long-Term Unearned Revenue	3.69	3.8	4.01	4.22	4.43	4.64
Long-Term Deferred Tax Liabilities	9.01	8.98	8.98	8.84	8.29	8.08
Other Long-Term Liabilities	22.47	21.85	20.61	19.37	18.24	17.16
Total Liabilities	416.61	398.93	479.65	531.39	475.62	602.08
Common Stock	10.69	10.69	166.55	44.94	37.06	34.27
Additional Paid-In Capital	2,297	2,297	2,033	2,111	2,096	2,066
Retained Earnings	-1,809	-1,782	-1,497	-1,101	-943.85	-525.83
Comprehensive Income & Other	-19.05	-18.78	61.23	-19.05	-19.05	-19.05
Total Common Equity	480.18	507.12	763.61	1,037	1,170	1,555
Minority Interest	93.58	93.58	93.05	93.14	93.22	93.34
Shareholders' Equity	573.76	600.7	856.66	1,130	1,263	1,649
Total Liabilities & Equity	990.37	999.64	1,336	1,661	1,739	2,251
Total Debt	245.47	228.84	339.5	366.16	298.6	413.04
Net Cash (Debt)	-236.01	-210.84	-236.51	-348.35	-272.95	-391.83
Net Cash Per Share	-0.21	-0.20	-0.62	-1.47	-1.29	-2.22
Filing Date Shares Outstanding	1,185	1,185	987.59	262.62	218.44	201.63
Total Common Shares Outstanding	1,185	1,185	925.87	262.62	218.44	201.63
Working Capital	27.12	25.36	96.51	17.86	31.87	89.55
Book Value Per Share	0.41	0.43	0.82	3.95	5.36	7.71
Tangible Book Value	399.73	426.67	449.09	439.98	507.68	892.76
Tangible Book Value Per Share	0.34	0.36	0.49	1.68	2.32	4.43
Buildings	-	170.23	170.68	170.68	170.52	154.74
Machinery	-	129.98	134.48	194.64	201.17	181.19
Construction In Progress	-	133.11	125.62	120.08	76.09	149.57

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