Baiwang 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	340.12	443.9	335.03	237.21	505.01	273.1
Short-Term Investments	-	-	109.83	80.47	104.79	30.2
Trading Asset Securities	239.43	277.9	268.23	400.9	218.86	200.67
Cash & Short-Term Investments	579.55	721.8	713.09	718.58	828.65	503.97
Cash Growth	5.85%	1.22%	-0.76%	-13.28%	64.42%	-
Accounts Receivable	237.95	148.51	136.91	112.31	100.98	88.07
Other Receivables	9.49	6	20.8	19.48	39.37	24.38
Receivables	247.44	154.51	157.71	131.79	140.34	112.45
Inventory	2.3	2.39	3.68	10.99	8.97	13.4
Other Current Assets	72.32	66.81	83.79	77.05	44.85	41.88
Total Current Assets	901.62	945.51	958.27	938.41	1,023	671.7
Property, Plant & Equipment	27.04	11.86	25.05	33.31	44.45	22.17
Long-Term Investments	247.51	216.68	123.6	243.79	207.38	140.87
Other Intangible Assets	4.93	5.49	6.5	6.96	7.64	0.87
Long-Term Accounts Receivable	1.15	0.67	0.26	0.16	1.24	0.69
Long-Term Deferred Charges	36.93	35.72	38.18	38.09	36.47	21.97
Other Long-Term Assets	-	-	-	-	5.87	5
Total Assets	1,219	1,216	1,152	1,261	1,326	863.26
Accounts Payable	73.31	70.21	64.72	30.87	35.15	27.7
Accrued Expenses	43.45	72.55	93.38	68.55	79.17	57.79
Current Portion of Long-Term Debt	-	-	2,213	2,152	216.65	-
Current Portion of Leases	14.64	1.71	14.61	18.44	10.31	6.58
Current Income Taxes Payable	-	0.09	0.06	0.03	-	-
Current Unearned Revenue	105.64	114.72	122.74	165.48	130.63	104.82
Other Current Liabilities	36.5	20.41	44.03	48.55	40.17	106.6
Total Current Liabilities	273.53	279.7	2,552	2,484	512.08	303.49
Long-Term Debt	-	-	-	2.83	1,876	1,360
Long-Term Leases	6.12	1.26	1.38	7.35	25.36	0.3
Long-Term Deferred Tax Liabilities	-	-	-	0.15	-	-
Total Liabilities	279.65	280.96	2,554	2,494	2,414	1,664
Common Stock	225.91	225.91	140	140	140	140
Additional Paid-In Capital	2,698	2,698	-	-	-	-
Retained Earnings	-2,734	-2,738	-2,237	-1,887	-1,733	-1,287
Comprehensive Income & Other	755.27	754.37	700.39	517.67	507.2	345.78
Total Common Equity	945.16	940.54	-1,396	-1,229	-1,086	-800.75
Minority Interest	-5.64	-5.57	-5.47	-4.16	-1.44	-
Shareholders' Equity	939.52	934.97	-1,402	-1,233	-1,088	-800.75
Total Liabilities & Equity	1,219	1,216	1,152	1,261	1,326	863.26
Total Debt	20.76	2.97	2,229	2,181	2,128	1,367
Net Cash (Debt)	558.8	718.82	-1,516	-1,462	-1,300	-863.13
Net Cash Per Share	2.47	3.92	-10.83	-10.44	-9.28	-6.17
Filing Date Shares Outstanding	225.91	225.91	149.26	140	140	140
Total Common Shares Outstanding	225.91	225.91	140	140	140	140
Working Capital	628.09	665.81	-1,594	-1,545	510.73	368.21
Book Value Per Share	4.18	4.16	-9.97	-8.78	-7.76	-5.72
Tangible Book Value	940.24	935.05	-1,403	-1,236	-1,094	-801.61
Tangible Book Value Per Share	4.16	4.14	-10.02	-8.83	-7.81	-5.73
Machinery	26.31	26.07	28.49	24.7	22.6	20.54
Leasehold Improvements	16.7	16.23	14.97	14.06	12.39	12.36

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.