Shuangdeng 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	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	605.73	395.23	479.04	270.26	329.01	495.64
Short-Term Investments	14.86	41.96	21.55	16.46	-	-
Trading Asset Securities	-	86	-	-	1	-
Cash & Short-Term Investments	620.59	523.2	500.59	286.73	330.01	495.64
Cash Growth	23.97%	4.52%	74.59%	-13.11%	-33.42%	-
Accounts Receivable	2,372	2,319	1,616	1,864	1,245	1,231
Other Receivables	0.87	-	-	-	2.22	1.07
Receivables	2,373	2,319	1,616	1,864	1,247	1,232
Inventory	881.32	513.51	459.23	536.96	432.25	255.79
Restricted Cash	204.31	235.13	303.5	228.74	-	-
Other Current Assets	131.32	49.75	65.67	73.18	166.98	50.32
Total Current Assets	4,210	3,640	2,945	2,989	2,176	2,033
Property, Plant & Equipment	1,347	1,382	1,241	967.67	811.85	690.7
Long-Term Investments	16.45	16.77	16.34	16.81	17.46	32.28
Other Intangible Assets	7.69	8.32	7.15	7.35	134.59	136.16
Long-Term Accounts Receivable	13.87	13.15	8.41	6.91	-	-
Long-Term Deferred Tax Assets	79.94	74.11	67.19	46.5	50.97	39.94
Long-Term Deferred Charges	-	-	-	-	2.86	2.82
Other Long-Term Assets	25.19	25.93	42.54	2.69	3.08	2.2
Total Assets	5,700	5,161	4,328	4,037	3,197	2,937
Accounts Payable	1,328	979.7	840.94	706.71	609.62	668.21
Accrued Expenses	-	154.66	142.61	143.16	90.64	92.1
Short-Term Debt	-	-	-	-	1,104	803.35
Current Portion of Long-Term Debt	898.94	673.33	410.53	944.85	14.73	-
Current Portion of Leases	6.48	8.02	6.5	5.13	5.99	-
Current Income Taxes Payable	11.87	27.91	29.67	25.67	3.34	8.6
Current Unearned Revenue	107.33	60.52	80.65	49.6	45.33	26.47
Other Current Liabilities	411.71	412.02	279.97	275.5	138.95	102.82
Total Current Liabilities	2,764	2,316	1,791	2,151	2,012	1,702
Long-Term Debt	246.3	255.4	297.43	51.2	-	-
Long-Term Leases	7.83	8.6	3.89	4.86	6.33	-
Long-Term Unearned Revenue	155.49	161.62	118.49	73.25	74.77	80.34
Long-Term Deferred Tax Liabilities	-	-	-	-	2.42	4.74
Other Long-Term Liabilities	30.27	31.69	32.07	29.3	28.76	25.24
Total Liabilities	3,204	2,773	2,243	2,309	2,125	1,812
Common Stock	358.27	358.27	358.27	358.27	330	330
Additional Paid-In Capital	-	-	-	-	82.69	64.77
Retained Earnings	1,636	1,536	1,257	920.13	660.16	731.27
Comprehensive Income & Other	502.2	492.7	469.93	449.73	-0.72	-0.51
Total Common Equity	2,497	2,387	2,085	1,728	1,072	1,126
Minority Interest	-	-	-	-	0.01	0.08
Shareholders' Equity	2,497	2,387	2,085	1,728	1,072	1,126
Total Liabilities & Equity	5,700	5,161	4,328	4,037	3,197	2,937
Total Debt	1,160	945.35	718.34	1,006	1,131	803.35
Net Cash (Debt)	-538.95	-422.15	-217.75	-719.31	-800.92	-307.7
Net Cash Per Share	-1.50	-1.18	-0.61	-2.17	-2.42	-0.52
Filing Date Shares Outstanding	358.27	358.27	358.27	358.27	331.02	329.95
Total Common Shares Outstanding	358.27	358.27	358.27	358.27	331.02	329.95
Working Capital	1,446	1,324	1,154	838.82	163.61	331.83
Book Value Per Share	6.97	6.66	5.82	4.82	3.24	3.41
Tangible Book Value	2,489	2,379	2,078	1,721	937.55	989.37
Tangible Book Value Per Share	6.95	6.64	5.80	4.80	2.83	3.00
Buildings	-	539.25	380.99	379.36	351.29	349.65
Machinery	-	1,545	1,112	1,132	830.29	829.47
Construction In Progress	-	2.48	346.41	0.8	212.2	36.18
Leasehold Improvements	-	16.88	17.96	10.01	-	-
Order Backlog	-	883.65	861.23	881.12	-	-

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