Horizon Robotics 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	20,188	15,371	11,360	6,609	8,050
Short-Term Investments	641.92	26.9	-	1,204	1,284
Cash & Short-Term Investments	20,830	15,398	11,360	7,813	9,334
Cash Growth	35.28%	35.55%	45.39%	-16.30%	-
Accounts Receivable	1,760	678.77	541.09	420.67	169.36
Other Receivables	30.24	8	20.4	6.72	0.35
Receivables	1,854	686.77	561.49	427.39	169.7
Inventory	1,069	585.41	790.9	363.53	113.91
Restricted Cash	2.71	-	709.72	0	12.86
Other Current Assets	361.81	525.59	116.33	199.74	282.65
Total Current Assets	24,118	17,196	13,538	8,804	9,913
Property, Plant & Equipment	1,230	985.49	650.63	479.3	294.85
Long-Term Investments	4,800	1,668	1,188	132.87	73.42
Other Intangible Assets	239.11	320.25	302.91	319.08	197.44
Long-Term Accounts Receivable	7.76	24.83	-	-	-
Long-Term Deferred Tax Assets	105.61	106.91	99.97	88.92	79.94
Other Long-Term Assets	110.53	78.11	93.81	71.38	37.79
Total Assets	30,611	20,379	15,874	9,895	10,597
Accounts Payable	234.39	14.55	11.16	3.82	8.04
Accrued Expenses	1,247	614.56	700.27	410.14	305.96
Short-Term Debt	14,908	204.41	39,240	26,451	18,341
Current Portion of Long-Term Debt	20	14.67	-	-	-
Current Portion of Leases	74.67	71.75	52.01	50.62	38.25
Current Income Taxes Payable	0.01	0.49	0.17	1.18	0
Current Unearned Revenue	265.57	248.69	24.88	63.08	5.55
Other Current Liabilities	126.66	108.7	224.05	171.26	206.98
Total Current Liabilities	16,876	1,278	40,252	27,151	18,906
Long-Term Debt	508	6,776	112.84	12.52	-
Long-Term Leases	42.66	81.54	112.35	154.18	77.27
Long-Term Unearned Revenue	528.15	295.62	61.95	15.65	7.57
Long-Term Deferred Tax Liabilities	0.02	1.63	-	-	-
Other Long-Term Liabilities	16.91	31.67	-	-	-
Total Liabilities	17,971	8,464	40,539	27,334	18,991
Common Stock	0.24	0.21	0.04	0.04	0.04
Additional Paid-In Capital	45,705	34,088	146.26	146.26	124.12
Retained Earnings	-33,258	-22,789	-25,570	-18,831	-10,112
Treasury Stock	-73.12	-	-	-	-
Comprehensive Income & Other	265.68	615.32	758.38	1,246	1,593
Total Common Equity	12,639	11,914	-24,665	-17,438	-8,394
Minority Interest	0.52	0.81	-0.11	-0.08	0.25
Shareholders' Equity	12,640	11,915	-24,665	-17,439	-8,394
Total Liabilities & Equity	30,611	20,379	15,874	9,895	10,597
Total Debt	15,553	7,148	39,517	26,669	18,457
Net Cash (Debt)	5,277	8,250	-28,157	-18,856	-9,122
Net Cash Growth	-36.03%	-	-	-	-
Net Cash Per Share	0.41	0.62	-10.43	-7.23	-3.60
Filing Date Shares Outstanding	14,652	13,200	2,431	2,606	2,537
Total Common Shares Outstanding	14,652	13,200	2,431	2,606	2,537
Working Capital	7,243	15,918	-26,714	-18,348	-8,993
Book Value Per Share	0.86	0.90	-10.14	-6.69	-3.31
Tangible Book Value	12,400	11,594	-24,968	-17,758	-8,592
Tangible Book Value Per Share	0.85	0.88	-10.27	-6.81	-3.39
Machinery	872	628.61	435.8	318.5	221.54
Construction In Progress	584.29	437.17	197.3	41.7	4.88
Leasehold Improvements	75.64	66.76	54.87	53.72	31.21

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