USPCY 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	26.66	28.72	70.23	41.47	91.43	178.9
Short-Term Investments	2.9	2.51	2.5	1.63	6.15	7.33
Trading Asset Securities	-	-	-	-	-	0.4
Cash & Short-Term Investments	29.55	31.23	72.73	43.1	97.59	186.63
Cash Growth	-13.62%	-57.06%	68.75%	-55.84%	-47.71%	50.73%
Accounts Receivable	96.86	91.27	159.23	127.45	143.78	112.12
Other Receivables	22.39	31.49	32.54	34.38	22.03	5.94
Receivables	119.24	122.76	191.77	161.83	165.81	118.06
Inventory	25.68	31.19	106.71	129.2	161.93	80.53
Prepaid Expenses	45.27	43.35	15.89	18.46	44.61	-
Other Current Assets	132.81	130.97	10	198.34	27.5	50.24
Total Current Assets	352.55	359.49	397.09	550.93	497.44	435.46
Property, Plant & Equipment	390.04	430.33	693.94	634.11	428.17	121.78
Long-Term Investments	-	-	0.92	1.17	-	-
Other Intangible Assets	3.62	4.14	4.97	5.51	0.79	1.28
Long-Term Deferred Tax Assets	2.85	2.85	3.78	3.16	0.23	1.39
Other Long-Term Assets	47.05	48.35	54.18	32.47	14.69	15.85
Total Assets	796.1	845.17	1,155	1,227	941.31	575.76
Accounts Payable	54.98	61.76	85.15	103.5	176.12	196.41
Accrued Expenses	48.33	50.11	45.94	51.09	38.95	18.49
Short-Term Debt	171.98	143.86	275.95	141.23	-	-
Current Portion of Long-Term Debt	71.74	60.83	195.93	81.84	139.17	5.8
Current Portion of Leases	61.49	70.83	36.65	34.33	8.18	5.86
Current Income Taxes Payable	6.59	6.91	8.45	7.84	8.79	6.47
Current Unearned Revenue	20.72	20.47	18.49	19.63	45.13	33.25
Other Current Liabilities	128.38	106.42	69.86	183.12	25.52	27.17
Total Current Liabilities	564.2	521.18	736.42	622.59	441.84	293.44
Long-Term Debt	40.33	62.21	51.04	167.61	63.45	20.94
Long-Term Leases	77.36	95.23	131.98	166.55	33.14	0.11
Long-Term Unearned Revenue	5.16	6.5	9	12.22	10.02	10.98
Long-Term Deferred Tax Liabilities	0.82	0.82	0.8	4.09	1.32	-
Other Long-Term Liabilities	22.42	23.02	22.27	8.4	-	-
Total Liabilities	710.27	708.95	951.51	981.47	549.77	325.47
Common Stock	4.49	4.49	2.75	2.69	2.69	2.62
Additional Paid-In Capital	533.38	533.38	326.33	304.49	304.49	110.87
Retained Earnings	-523.84	-491.42	-293.42	-82.28	72.01	125.09
Comprehensive Income & Other	125.29	128.41	138.67	20.98	12.35	11.72
Total Common Equity	139.31	174.85	174.33	245.88	391.54	250.29
Minority Interest	-53.48	-38.63	29.05	-0	-	-
Shareholders' Equity	85.83	136.22	203.38	245.88	391.54	250.29
Total Liabilities & Equity	796.1	845.17	1,155	1,227	941.31	575.76
Total Debt	422.89	432.94	691.55	591.56	243.93	32.7
Net Cash (Debt)	-393.34	-401.72	-618.82	-548.46	-146.34	153.93
Net Cash Growth	-	-	-	-	-	59.09%
Net Cash Per Share	-0.84	-1.05	-2.00	-1.77	-0.49	0.51
Filing Date Shares Outstanding	504.07	504.07	315.38	309	309	300
Total Common Shares Outstanding	504.07	504.07	315.38	309	309	300
Working Capital	-211.64	-161.69	-339.33	-71.67	55.6	142.02
Book Value Per Share	0.28	0.35	0.55	0.80	1.27	0.83
Tangible Book Value	135.7	170.7	169.36	240.37	390.76	249.01
Tangible Book Value Per Share	0.27	0.34	0.54	0.78	1.26	0.83
Buildings	-	11.45	90.96	96.99	6.02	6.02
Machinery	-	167.81	89.78	115.1	104.83	87.03
Construction In Progress	-	86.28	369.75	228.85	276.48	46.84
Leasehold Improvements	-	106.04	38.11	36.04	0.8	-

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