Butong Group 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	201.15	217.12	118.69	49.72
Short-Term Investments	4.76	5.12	2.68	5.99
Trading Asset Securities	152.29	31.04	36.64	73.59
Cash & Short-Term Investments	358.19	253.28	158	129.3
Cash Growth	177.03%	60.30%	22.20%	-
Accounts Receivable	71.46	31.37	26.66	12.89
Other Receivables	11.7	9.18	11.27	8.73
Receivables	83.17	40.55	37.92	21.62
Inventory	64.11	101.28	64.97	63.74
Prepaid Expenses	7.39	12.95	4.79	1.29
Restricted Cash	12.79	9.7	6.85	-
Other Current Assets	3.37	2.83	0.18	-
Total Current Assets	529.02	420.59	272.71	215.94
Property, Plant & Equipment	122.26	102.11	62.75	39.77
Other Intangible Assets	26.28	29.45	35.72	41.7
Long-Term Deferred Tax Assets	26.58	25.72	25.21	22.21
Total Assets	704.86	577.86	396.39	319.62
Accounts Payable	167.49	125.09	73.1	55.08
Accrued Expenses	10.67	16.96	11.64	6.52
Short-Term Debt	44.84	40	29.45	59.85
Current Portion of Leases	6.48	6.57	6.59	6.24
Current Income Taxes Payable	23.17	31.9	26.46	9.02
Current Unearned Revenue	16.3	11.85	9.27	1.96
Other Current Liabilities	28.65	31.57	18.48	23.61
Total Current Liabilities	297.6	263.92	174.99	162.29
Long-Term Debt	20	348.43	325.73	300.14
Long-Term Leases	5.11	8.3	7.92	2.04
Total Liabilities	322.71	620.65	508.64	464.47
Common Stock	0.04	0.04	1.22	1.26
Additional Paid-In Capital	2.68	2.68	-	-
Retained Earnings	28.36	-20.15	-78.67	-105.89
Comprehensive Income & Other	-9.94	-25.35	-34.79	-40.21
Shareholders' Equity	382.15	-42.78	-112.24	-144.84
Total Liabilities & Equity	704.86	577.86	396.39	319.62
Total Debt	76.43	403.3	369.68	368.27
Net Cash (Debt)	281.76	-150.02	-211.68	-238.97
Net Cash Per Share	3.10	-1.65	-	-
Filing Date Shares Outstanding	90.75	90.75	-	-
Total Common Shares Outstanding	90.75	90.75	-	-
Working Capital	231.42	156.66	97.72	53.66
Book Value Per Share	0.23	-0.47	-	-
Tangible Book Value	-5.14	-72.23	-147.97	-186.55
Tangible Book Value Per Share	-0.06	-0.80	-	-
Machinery	62.93	60.58	50.16	39.41
Construction In Progress	34.5	10.53	3.83	0.45
Leasehold Improvements	13.23	12.91	12.24	2.61

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