Adicon Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	1,044	959.42	1,681	1,109	1,229
Trading Asset Securities	-	50.84	-	-	-
Cash & Short-Term Investments	1,044	1,010	1,681	1,109	1,229
Cash Growth	3.32%	-39.89%	51.52%	-9.72%	-
Accounts Receivable	1,377	1,515	1,857	1,214	942.24
Other Receivables	83.85	-	-	-	-
Receivables	1,461	1,515	1,857	1,214	942.24
Inventory	126.94	176.59	229.41	109.4	102.93
Other Current Assets	418.67	601.08	127.86	105.72	61.12
Total Current Assets	3,051	3,303	3,895	2,538	2,335
Property, Plant & Equipment	564.24	598.38	594.28	439.52	324.04
Long-Term Investments	-	1.54	8.1	-	-
Goodwill	79.8	79.8	79.8	25.69	-
Other Intangible Assets	154.06	151.42	143.71	20.5	3.01
Long-Term Accounts Receivable	2.51	2.47	2.12	1.82	1.85
Long-Term Deferred Tax Assets	129.18	103.97	118.4	74.56	51.98
Other Long-Term Assets	704.54	312.58	12.84	9.65	7.75
Total Assets	4,685	4,554	4,854	3,110	2,724
Accounts Payable	721.81	743.97	1,124	546.86	439.21
Accrued Expenses	367.85	455.06	610.51	430.73	288.34
Short-Term Debt	-	86.09	69.68	42	116
Current Portion of Long-Term Debt	467.98	9.78	43.11	7.14	4.18
Current Portion of Leases	60.71	49.2	51.4	31.65	28.42
Current Income Taxes Payable	30.27	77.79	124.55	50.3	44.08
Current Unearned Revenue	31.14	36.49	21.06	20.68	11.67
Other Current Liabilities	245.37	298.64	374.59	258.41	77.09
Total Current Liabilities	1,925	1,757	2,418	1,388	1,009
Long-Term Debt	837.94	791.65	1,613	712.66	544.21
Long-Term Leases	124.52	153.12	182.46	146.3	129.71
Long-Term Deferred Tax Liabilities	22.74	23.17	28.5	10.26	1.54
Total Liabilities	2,910	2,725	4,242	2,257	1,684
Common Stock	0.1	0.1	0.09	0.09	0.08
Retained Earnings	-	641.27	406.39	590.61	727.66
Treasury Stock	-112.12	-	-	-	-
Comprehensive Income & Other	1,760	1,067	104.35	213.54	296.6
Total Common Equity	1,648	1,708	510.82	804.24	1,024
Minority Interest	126.59	120.52	101.51	48.61	14.78
Shareholders' Equity	1,775	1,829	612.34	852.85	1,039
Total Liabilities & Equity	4,685	4,554	4,854	3,110	2,724
Total Debt	1,491	1,090	1,959	939.75	822.51
Net Cash (Debt)	-447.32	-79.58	-278.53	169.46	406.11
Net Cash Growth	-	-	-	-58.27%	-
Net Cash Per Share	-0.62	-0.11	-0.39	0.27	0.69
Filing Date Shares Outstanding	725.74	727.35	653.4	630.97	578.21
Total Common Shares Outstanding	725.74	727.35	653.4	630.97	578.21
Working Capital	1,126	1,546	1,477	1,150	1,326
Book Value Per Share	2.27	2.35	0.78	1.27	1.77
Tangible Book Value	1,414	1,477	287.31	758.05	1,021
Tangible Book Value Per Share	1.95	2.03	0.44	1.20	1.77
Machinery	677.15	636.63	571.96	416.19	319.97
Construction In Progress	8.05	8.71	8.24	12.73	5.32
Leasehold Improvements	271.11	260.6	226.74	152.78	132.74

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