ArtGo Holdings 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	11.06	16.05	100.96	15.76	23.09
Short-Term Investments	-	1.95	2.03	2.04	2.57
Cash & Short-Term Investments	11.06	18	102.99	17.81	25.65
Cash Growth	-38.59%	-82.52%	478.42%	-30.59%	20.94%
Accounts Receivable	24.33	19.07	24.95	29	26.42
Other Receivables	-	55	49.26	38.4	37.06
Receivables	24.33	74.07	74.21	67.4	63.49
Inventory	26.72	65.69	54.4	90.46	88.12
Prepaid Expenses	-	7.36	3.9	4.88	1.47
Other Current Assets	105.43	23.82	31.98	16.51	35.7
Total Current Assets	167.53	188.94	267.46	197.05	214.42
Property, Plant & Equipment	635.07	671.04	692.43	752.72	741.49
Long-Term Investments	34.98	37.33	39.15	89.14	93.94
Other Intangible Assets	80.44	80.45	314.52	596.62	662.33
Long-Term Deferred Tax Assets	0.16	0.16	0.16	1.1	0.92
Other Long-Term Assets	21.73	21.72	22.6	24.51	25.75
Total Assets	939.92	999.64	1,336	1,661	1,739
Accounts Payable	17.93	23.28	21.13	23.08	16.38
Accrued Expenses	-	72.59	52.8	69.76	87.56
Short-Term Debt	-	2.78	13.54	25.38	12.3
Current Portion of Long-Term Debt	41.84	24.73	49.9	19.9	23.07
Current Portion of Leases	-	0.61	0.96	1.1	1.12
Current Income Taxes Payable	26.33	26.15	23.99	23.28	21.33
Current Unearned Revenue	8.39	11.95	5.92	5.67	2.97
Other Current Liabilities	62.65	1.5	2.7	11.01	17.82
Total Current Liabilities	157.13	163.58	170.95	179.19	182.55
Long-Term Debt	206.1	200.72	274.51	319.57	261.34
Long-Term Leases	-	-	0.59	0.2	0.77
Long-Term Unearned Revenue	3.59	3.8	4.01	4.22	4.43
Long-Term Deferred Tax Liabilities	8.98	8.98	8.98	8.84	8.29
Other Long-Term Liabilities	23.09	21.85	20.61	19.37	18.24
Total Liabilities	398.89	398.93	479.65	531.39	475.62
Common Stock	12.81	10.69	166.55	44.94	37.06
Additional Paid-In Capital	-	2,297	2,033	2,111	2,096
Retained Earnings	-	-1,782	-1,497	-1,101	-943.85
Comprehensive Income & Other	434.64	-18.78	61.23	-19.05	-19.05
Total Common Equity	447.45	507.12	763.61	1,037	1,170
Minority Interest	93.58	93.58	93.05	93.14	93.22
Shareholders' Equity	541.03	600.7	856.66	1,130	1,263
Total Liabilities & Equity	939.92	999.64	1,336	1,661	1,739
Total Debt	247.94	228.84	339.5	366.16	298.6
Net Cash (Debt)	-236.88	-210.84	-236.51	-348.35	-272.95
Net Cash Per Share	-0.20	-0.20	-0.62	-1.47	-1.29
Filing Date Shares Outstanding	1,422	1,185	987.59	262.62	218.44
Total Common Shares Outstanding	1,422	1,185	925.87	262.62	218.44
Working Capital	10.4	25.36	96.51	17.86	31.87
Book Value Per Share	0.31	0.43	0.82	3.95	5.36
Tangible Book Value	367.01	426.67	449.09	439.98	507.68
Tangible Book Value Per Share	0.26	0.36	0.49	1.68	2.32
Buildings	-	170.23	170.68	170.68	170.52
Machinery	-	129.98	134.48	194.64	201.17
Construction In Progress	-	133.11	125.62	120.08	76.09

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