Horizon Robotics 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
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
Cash & Equivalents	16,069	15,371	11,360	6,609	8,050
Short-Term Investments	14.86	26.9	-	1,204	1,284
Cash & Short-Term Investments	16,192	15,398	11,360	7,813	9,334
Cash Growth	54.91%	35.55%	45.39%	-16.30%	-
Accounts Receivable	1,093	678.77	541.09	420.67	169.36
Other Receivables	-	8	20.4	6.72	0.35
Receivables	1,093	686.77	561.49	427.39	169.7
Inventory	791.51	585.41	790.9	363.53	113.91
Restricted Cash	18.42	-	709.72	0	12.86
Other Current Assets	-	525.59	116.33	199.74	282.65
Total Current Assets	19,186	17,196	13,538	8,804	9,913
Property, Plant & Equipment	1,115	985.49	650.63	479.3	294.85
Long-Term Investments	2,664	1,668	1,188	132.87	73.42
Other Intangible Assets	278.46	320.25	302.91	319.08	197.44
Long-Term Accounts Receivable	16.15	26.3	-	-	-
Long-Term Deferred Tax Assets	103.7	106.91	99.97	88.92	79.94
Other Long-Term Assets	56.62	76.64	93.81	71.38	37.79
Total Assets	23,421	20,379	15,874	9,895	10,597
Accounts Payable	87.95	14.55	11.16	3.82	8.04
Accrued Expenses	790.5	614.56	700.27	410.14	305.96
Short-Term Debt	556.1	204.41	39,240	26,451	18,341
Current Portion of Long-Term Debt	10	14.67	-	-	-
Current Portion of Leases	84.44	71.75	52.01	50.62	38.25
Current Income Taxes Payable	-	0.49	0.17	1.18	0
Current Unearned Revenue	46.31	248.69	24.88	63.08	5.55
Other Current Liabilities	-	108.7	224.05	171.26	206.98
Total Current Liabilities	1,575	1,278	40,252	27,151	18,906
Long-Term Debt	10,138	392.61	112.84	12.52	-
Long-Term Leases	74.33	81.54	112.35	154.18	77.27
Long-Term Unearned Revenue	-	295.62	61.95	15.65	7.57
Long-Term Deferred Tax Liabilities	0.01	1.63	-	-	-
Other Long-Term Liabilities	208.86	6,415	-	-	-
Total Liabilities	11,997	8,464	40,539	27,334	18,991
Common Stock	0.23	0.21	0.04	0.04	0.04
Additional Paid-In Capital	39,458	34,088	146.26	146.26	124.12
Retained Earnings	-28,024	-22,789	-25,570	-18,831	-10,112
Comprehensive Income & Other	61.99	615.32	758.38	1,246	1,593
Total Common Equity	11,423	11,914	-24,665	-17,438	-8,394
Minority Interest	0.73	0.81	-0.11	-0.08	0.25
Shareholders' Equity	11,424	11,915	-24,665	-17,439	-8,394
Total Liabilities & Equity	23,421	20,379	15,874	9,895	10,597
Total Debt	10,863	764.97	39,517	26,669	18,457
Net Cash (Debt)	5,329	14,633	-28,157	-18,856	-9,122
Net Cash Per Share	0.29	1.09	-10.43	-7.23	-3.60
Filing Date Shares Outstanding	12,313	13,200	2,431	2,606	2,537
Total Common Shares Outstanding	12,313	13,200	2,431	2,606	2,537
Working Capital	17,611	15,918	-26,714	-18,348	-8,993
Book Value Per Share	0.93	0.90	-10.14	-6.69	-3.31
Tangible Book Value	11,145	11,594	-24,968	-17,758	-8,592
Tangible Book Value Per Share	0.91	0.88	-10.27	-6.81	-3.39
Machinery	-	628.61	435.8	318.5	221.54
Construction In Progress	-	437.17	197.3	41.7	4.88
Leasehold Improvements	-	66.76	54.87	53.72	31.21

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