Shanghai XNG 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	1.06	3.69	20.66	47.58	78.45	113.38
Short-Term Investments	-	7.43	8.16	3.87	20.96	10.47
Cash & Short-Term Investments	1.06	11.12	28.82	51.44	99.42	123.84
Cash Growth	-87.43%	-61.42%	-43.98%	-48.25%	-19.72%	-46.91%
Accounts Receivable	2.33	3.45	5.44	4.76	5.47	16.62
Other Receivables	0.16	6.24	7.42	5.92	3.46	-
Receivables	2.49	9.69	12.86	10.68	8.93	16.62
Inventory	2.38	5.48	5.1	8.07	9.95	16.08
Prepaid Expenses	-	3.45	6.1	4.96	11.95	9.73
Other Current Assets	22.2	9.36	12.04	28.23	72.37	71.06
Total Current Assets	28.13	39.1	64.91	103.38	202.62	237.34
Property, Plant & Equipment	54.8	68.09	141.55	204.78	263.39	242.38
Long-Term Investments	-	-	-	5	5	18.03
Other Intangible Assets	0.86	0.97	1.19	1.44	1.93	16.1
Long-Term Deferred Tax Assets	11.01	11.01	25.06	32.68	22.67	26.9
Other Long-Term Assets	17.28	18.59	23.3	31.06	35.16	55.25
Total Assets	112.09	137.75	256.01	378.34	530.77	595.98
Accounts Payable	76.33	65.1	62.72	44.7	42.73	73.49
Accrued Expenses	-	79.34	64.34	103.8	97.45	92.32
Short-Term Debt	33.26	45.1	28.94	28.4	31.25	39
Current Portion of Leases	26.64	28.48	61.51	86.89	101.24	92.29
Current Income Taxes Payable	-	-	-	0.65	9.18	11.6
Current Unearned Revenue	8.32	8.95	8.76	7.7	9.05	9.75
Other Current Liabilities	102.23	21.39	8.54	8.54	11.94	21.09
Total Current Liabilities	246.78	248.36	234.81	280.67	302.84	339.54
Long-Term Leases	31.23	45.32	90.5	122.37	178.15	124.26
Long-Term Deferred Tax Liabilities	-	-	-	-	7.87	8.55
Other Long-Term Liabilities	3.69	3.69	4.45	5.44	6.22	4.25
Total Liabilities	281.69	297.37	329.76	408.48	495.07	476.59
Common Stock	22.51	18.39	18.39	18.39	18.39	18.39
Additional Paid-In Capital	727.68	723.72	723.72	723.72	723.72	723.72
Retained Earnings	-872.3	-855.53	-777.59	-735.68	-667.79	-273.5
Treasury Stock	-	-	-2.27	-0.89	-9.63	-9.63
Comprehensive Income & Other	-49.09	-47.81	-37.6	-35.26	-27.86	-344.06
Total Common Equity	-171.21	-161.23	-75.35	-29.72	36.85	114.93
Minority Interest	1.6	1.6	1.59	-0.42	-1.16	4.46
Shareholders' Equity	-169.6	-159.63	-73.75	-30.14	35.69	119.39
Total Liabilities & Equity	112.09	137.75	256.01	378.34	530.77	595.98
Total Debt	91.12	118.9	180.95	237.65	310.64	255.54
Net Cash (Debt)	-90.06	-107.78	-152.13	-186.21	-211.23	-131.7
Net Cash Per Share	-0.04	-0.05	-0.07	-0.08	-0.10	-0.06
Filing Date Shares Outstanding	2,656	2,213	2,176	2,201	2,138	2,138
Total Common Shares Outstanding	2,656	2,213	2,176	2,201	2,138	2,138
Working Capital	-218.64	-209.26	-169.9	-177.29	-100.22	-102.2
Book Value Per Share	-0.06	-0.07	-0.03	-0.01	0.02	0.05
Tangible Book Value	-172.07	-162.2	-76.54	-31.16	34.92	98.84
Tangible Book Value Per Share	-0.06	-0.07	-0.04	-0.01	0.02	0.05
Machinery	-	62.51	79.77	94.24	106.84	126.48
Construction In Progress	-	0.06	2.11	2.96	3.14	0.4
Leasehold Improvements	-	209.25	287.46	352.79	385.17	456.6

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