Akeso 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	8,822	6,918	4,042	2,092	2,642
Short-Term Investments	3.55	4.99	2.87	2.82	3.79
Trading Asset Securities	349.21	425.79	852.43	195.91	-
Cash & Short-Term Investments	9,175	7,349	4,897	2,291	2,645
Cash Growth	24.85%	50.06%	113.75%	-13.39%	-5.40%
Accounts Receivable	1,022	524.91	295.56	271.05	101.85
Other Receivables	126.88	72.55	66.38	121.47	179.34
Receivables	1,149	597.46	361.94	392.52	281.19
Inventory	931.62	706.53	391.87	341.83	196.62
Other Current Assets	21.94	38.75	25.67	33	29.03
Total Current Assets	11,277	8,692	5,677	3,058	3,152
Property, Plant & Equipment	4,199	3,550	3,162	2,163	1,505
Long-Term Investments	370.87	414.81	305.48	10	-
Other Intangible Assets	19.06	11.8	6.42	8.5	3.98
Other Long-Term Assets	134.23	86.57	30.4	256.29	144.91
Total Assets	16,000	12,755	9,181	5,496	4,806
Accounts Payable	451.85	425.19	354.83	308.95	206.32
Accrued Expenses	433.23	349.67	192.99	134.43	87.24
Short-Term Debt	212.88	303.87	288.26	221.42	38.02
Current Portion of Long-Term Debt	372.79	231.59	102.26	224.56	7.58
Current Portion of Leases	6.5	9.67	14.51	5.9	7.85
Current Income Taxes Payable	-	1.17	1.15	1.13	1.04
Current Unearned Revenue	86.96	37.3	4.43	5.96	1.23
Other Current Liabilities	630.93	328.18	246.16	458.79	306.42
Total Current Liabilities	2,195	1,687	1,205	1,361	655.7
Long-Term Debt	3,955	3,406	2,577	1,421	803.73
Long-Term Leases	9	0.67	8.61	5.95	2.24
Long-Term Unearned Revenue	895.35	907.89	871.68	159.57	63.86
Long-Term Deferred Tax Liabilities	0.15	0.17	0.17	-	-
Total Liabilities	7,054	6,001	4,662	2,948	1,526
Common Stock	0.07	0.06	0.06	0.06	0.06
Additional Paid-In Capital	10,589	7,410	4,585	4,585	4,007
Retained Earnings	-3,470	-2,404	-1,891	-3,918	-2,749
Comprehensive Income & Other	1,929	1,809	1,998	1,968	1,906
Total Common Equity	9,048	6,814	4,692	2,636	3,164
Minority Interest	-101.94	-60.48	-173.56	-87.61	116.21
Shareholders' Equity	8,946	6,753	4,519	2,548	3,280
Total Liabilities & Equity	16,000	12,755	9,181	5,496	4,806
Total Debt	4,556	3,952	2,991	1,879	859.42
Net Cash (Debt)	4,619	3,397	1,906	412.01	1,786
Net Cash Growth	35.98%	78.19%	362.70%	-76.93%	-31.24%
Net Cash Per Share	5.12	3.99	2.28	0.50	2.19
Filing Date Shares Outstanding	921.14	897.58	841.06	841.06	817.06
Total Common Shares Outstanding	921.14	897.58	841.06	841.06	817.06
Working Capital	9,082	7,005	4,472	1,697	2,497
Book Value Per Share	9.82	7.59	5.58	3.13	3.87
Tangible Book Value	9,029	6,802	4,686	2,627	3,160
Tangible Book Value Per Share	9.80	7.58	5.57	3.12	3.87
Buildings	2,091	1,421	844.49	645.99	391.09
Machinery	1,748	1,247	876.52	708.88	419.87
Construction In Progress	711.17	991.64	1,370	788.03	611.77
Leasehold Improvements	24.83	24.6	18.91	18.52	16.08

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