Sichuan Swellfun Co.,Ltd 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	Sep '25 Sep 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	405.23	2,124	2,350	1,912	1,890	1,330
Cash & Short-Term Investments	405.23	2,124	2,350	1,912	1,890	1,330
Cash Growth	-81.63%	-9.59%	22.90%	1.15%	42.10%	6.97%
Accounts Receivable	163.33	118.39	2.2	3.46	13.06	9.31
Other Receivables	168.45	5.9	4.53	6.43	6.05	1.41
Receivables	331.78	124.29	6.76	9.92	19.14	10.76
Inventory	3,798	3,216	2,452	2,443	2,197	1,879
Other Current Assets	131.43	99.61	95.16	45.6	80.72	45.08
Total Current Assets	4,666	5,564	4,904	4,410	4,187	3,265
Property, Plant & Equipment	3,017	2,996	2,915	2,118	1,222	763.48
Other Intangible Assets	150.88	157.47	163.23	129.99	119.54	122.79
Long-Term Deferred Tax Assets	377.06	389.95	400.35	332.07	235.12	197.48
Long-Term Deferred Charges	50.16	39.68	18.21	14.47	1	2.02
Other Long-Term Assets	25.64	26.09	24.81	42.92	126.8	15.78
Total Assets	8,287	9,173	8,425	7,047	5,891	4,367
Accounts Payable	1,022	872.41	461.8	495.42	411.54	251.77
Accrued Expenses	100.01	923.17	995.15	901.85	837.76	554.41
Current Portion of Leases	5.92	1.42	5.54	6.28	5.27	-
Current Income Taxes Payable	161.96	55.77	155.86	93.46	115.17	96.47
Current Unearned Revenue	862.16	949.23	1,220	1,027	958.73	736.12
Other Current Liabilities	441.64	1,153	1,162	1,036	904.58	577.34
Total Current Liabilities	3,206	3,955	4,000	3,561	3,233	2,216
Long-Term Leases	9.96	0.79	0.5	6.04	12.09	-
Long-Term Unearned Revenue	32.67	25.55	21.34	22.33	14.16	14.67
Pension & Post-Retirement Benefits	4.5	3.44	8.83	-	-	-
Total Liabilities	3,253	3,985	4,031	3,589	3,259	2,231
Common Stock	487.5	487.5	488.36	488.36	488.37	488.44
Additional Paid-In Capital	307.33	307.33	415.44	418.52	395.27	396.48
Retained Earnings	4,379	4,524	3,627	2,724	1,873	1,260
Treasury Stock	-140.6	-130.6	-136.41	-172.22	-125.17	-9.11
Shareholders' Equity	5,034	5,188	4,394	3,458	2,632	2,136
Total Liabilities & Equity	8,287	9,173	8,425	7,047	5,891	4,367
Total Debt	627.97	2.21	6.04	12.31	17.36	-
Net Cash (Debt)	-222.74	2,122	2,343	1,899	1,873	1,330
Net Cash Growth	-	-9.46%	23.38%	1.43%	40.79%	7.33%
Net Cash Per Share	-0.46	4.37	4.81	3.90	3.83	2.72
Filing Date Shares Outstanding	484.64	484.64	487.11	487.5	487.51	488.36
Total Common Shares Outstanding	484.64	484.85	487.11	487.5	487.38	488.36
Working Capital	1,460	1,608	903.65	849.5	953.8	1,049
Book Value Per Share	10.39	10.70	9.02	7.09	5.40	4.37
Tangible Book Value	4,883	5,030	4,231	3,328	2,512	2,013
Tangible Book Value Per Share	10.08	10.37	8.69	6.83	5.15	4.12
Buildings	-	2,285	775.77	544.25	533.11	526.75
Machinery	-	1,128	499.85	420.32	387.38	369.35
Construction In Progress	-	292.61	2,188	1,624	704.58	229.62

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