Butong Group 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	882.61	217.12	118.69	49.72
Short-Term Investments	6.55	5.12	2.68	5.99
Trading Asset Securities	30.16	31.04	36.64	73.59
Cash & Short-Term Investments	919.32	253.28	158	129.3
Cash Growth	262.97%	60.30%	22.20%	-
Accounts Receivable	54.22	31.37	26.66	12.89
Other Receivables	14.86	9.18	11.27	8.73
Receivables	99.08	40.55	37.92	21.62
Inventory	109.74	101.28	64.97	63.74
Prepaid Expenses	35.09	12.95	4.79	1.29
Other Current Assets	25.52	12.53	7.03	-
Total Current Assets	1,189	420.59	272.71	215.94
Property, Plant & Equipment	221.04	102.11	62.75	39.77
Long-Term Investments	0.63	-	-	-
Other Intangible Assets	23.55	29.45	35.72	41.7
Long-Term Deferred Tax Assets	25.53	25.72	25.21	22.21
Total Assets	1,459	577.86	396.39	319.62
Accounts Payable	180.21	125.09	73.1	55.08
Accrued Expenses	23.58	16.96	11.64	6.52
Short-Term Debt	10.67	40	29.45	59.85
Current Portion of Leases	6.4	6.57	6.59	6.24
Current Income Taxes Payable	24.29	31.9	26.46	9.02
Current Unearned Revenue	20.34	11.85	9.27	1.96
Other Current Liabilities	94.26	31.57	18.48	23.61
Total Current Liabilities	359.74	263.92	174.99	162.29
Long-Term Debt	-	348.43	325.73	300.14
Long-Term Leases	5.33	8.3	7.92	2.04
Total Liabilities	365.07	620.65	508.64	464.47
Common Stock	0.06	0.04	1.22	1.26
Additional Paid-In Capital	1,056	2.68	-	-
Retained Earnings	-	-20.15	-78.67	-105.89
Comprehensive Income & Other	38.75	-25.35	-34.79	-40.21
Shareholders' Equity	1,094	-42.78	-112.24	-144.84
Total Liabilities & Equity	1,459	577.86	396.39	319.62
Total Debt	22.39	403.3	369.68	368.27
Net Cash (Debt)	896.92	-150.02	-211.68	-238.97
Net Cash Per Share	13.91	-1.65	-	-
Filing Date Shares Outstanding	90.75	90.75	-	-
Total Common Shares Outstanding	90.75	90.75	-	-
Working Capital	829.01	156.66	97.72	53.66
Book Value Per Share	12.06	-0.47	-	-
Tangible Book Value	1,071	-72.23	-147.97	-186.55
Tangible Book Value Per Share	11.80	-0.80	-	-
Machinery	-	60.58	50.16	39.41
Construction In Progress	-	10.53	3.83	0.45
Leasehold Improvements	-	12.91	12.24	2.61

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