Zhejiang Tion Vanly Tech. 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
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
Cash & Equivalents	551.37	153.84	187.67	103.69	44.21
Trading Asset Securities	0.82	0.68	0.75	1	-
Cash & Short-Term Investments	552.18	154.52	188.41	104.69	44.21
Cash Growth	193.07%	-17.99%	79.97%	136.82%	-
Accounts Receivable	742.98	576.31	498.34	531.12	425.01
Other Receivables	2.89	2.31	9.46	7.72	4.34
Receivables	745.86	578.61	507.8	538.84	429.35
Inventory	299.19	219.43	226.01	250.42	188.86
Other Current Assets	27.74	26.12	15.03	17.52	33.45
Total Current Assets	1,625	978.69	937.26	911.47	695.88
Property, Plant & Equipment	1,234	1,017	813.3	678.64	553.05
Other Intangible Assets	119.87	87.44	89.66	72.39	82.11
Long-Term Deferred Tax Assets	16.36	14.07	10.03	7.16	8.52
Long-Term Deferred Charges	1.96	1.52	1.54	0.85	1.59
Other Long-Term Assets	35.73	19.66	105.87	47.13	45.51
Total Assets	3,033	2,119	1,958	1,718	1,387
Accounts Payable	659.2	309.4	388.99	173.33	216.06
Accrued Expenses	34.22	63.57	60.38	57.22	38.47
Short-Term Debt	387.77	386.07	393.75	625.33	453.35
Current Portion of Long-Term Debt	8.48	21.79	2.66	-	10.52
Current Portion of Leases	-	6.28	7.79	5.72	3.7
Current Income Taxes Payable	18.6	13.53	8.8	4.43	6.91
Current Unearned Revenue	18.71	19.4	14.05	2	8
Other Current Liabilities	7.15	66.62	71.11	63.96	8.09
Total Current Liabilities	1,134	886.66	947.52	931.98	745.1
Long-Term Debt	-	119.98	90.26	10	0.88
Long-Term Leases	27.37	15.73	20.92	20.33	16.11
Long-Term Unearned Revenue	24.36	24.09	3.9	2.24	2.18
Other Long-Term Liabilities	-	-	-	1	1
Total Liabilities	1,186	1,046	1,063	965.56	765.27
Common Stock	340.4	255.3	255.3	255.3	255.3
Additional Paid-In Capital	798.22	254.54	254.54	257.39	257.39
Retained Earnings	687.88	542.57	365.84	205.06	78.61
Total Common Equity	1,827	1,052	875.68	717.76	591.31
Minority Interest	20.16	19.91	19.37	34.34	30.09
Shareholders' Equity	1,847	1,072	895.04	752.09	621.39
Total Liabilities & Equity	3,033	2,119	1,958	1,718	1,387
Total Debt	423.62	549.85	515.38	661.38	484.55
Net Cash (Debt)	128.56	-395.33	-326.97	-556.69	-440.35
Net Cash Per Share	0.44	-1.54	-1.28	-2.20	-1.74
Filing Date Shares Outstanding	340.4	340.4	255.3	252.9	252.42
Total Common Shares Outstanding	340.4	255.3	255.3	252.9	252.42
Working Capital	490.85	92.03	-10.27	-20.51	-49.22
Book Value Per Share	5.37	4.12	3.43	2.84	2.34
Tangible Book Value	1,707	964.96	786.02	645.37	509.19
Tangible Book Value Per Share	5.01	3.78	3.08	2.55	2.02
Buildings	-	389.15	360.04	283.73	187.82
Machinery	-	1,032	915.63	811.51	737.76
Construction In Progress	-	336.69	177.22	126.31	76.07

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