Bio-Thera Solutions 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	2016 - 2019
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	2016 - 2019
Cash & Equivalents	325.09	289.8	163.99	165.94	847.47	283.51	Upgrade
Trading Asset Securities	-	90.22	331.03	629.89	602.83	955.77	Upgrade
Cash & Short-Term Investments	325.09	380.02	495.01	795.83	1,450	1,239	Upgrade
Cash Growth	-33.47%	-23.23%	-37.80%	-45.13%	17.03%	3071.61%	Upgrade
Accounts Receivable	143.01	108.26	148.72	89.75	103.32	55.5	Upgrade
Other Receivables	4.19	4.23	2.09	1.96	3.67	3.53	Upgrade
Receivables	147.2	112.5	150.8	91.72	106.99	59.02	Upgrade
Inventory	265.76	253.1	231.23	161.9	90.1	45.93	Upgrade
Other Current Assets	174.1	142.34	133.36	112.81	123.08	122.94	Upgrade
Total Current Assets	912.16	887.95	1,010	1,162	1,770	1,467	Upgrade
Property, Plant & Equipment	1,084	1,066	1,014	693.91	579.43	581.7	Upgrade
Long-Term Investments	15.42	15.7	10	-	21.1	20.82	Upgrade
Other Intangible Assets	220.75	224.1	230.38	234.18	239.47	245.44	Upgrade
Long-Term Deferred Charges	3.62	3.5	2.01	-	-	-	Upgrade
Other Long-Term Assets	11.05	8.09	19.86	89.39	7.31	78.03	Upgrade
Total Assets	2,247	2,206	2,287	2,180	2,618	2,393	Upgrade
Accounts Payable	54.83	199.49	171.45	83.77	12.73	84.79	Upgrade
Accrued Expenses	210.13	88.53	69.51	67.41	90.91	52.16	Upgrade
Short-Term Debt	0.13	88.75	105.4	0.01	30.05	0.01	Upgrade
Current Portion of Long-Term Debt	161.5	169.4	50.21	-	-	-	Upgrade
Current Portion of Leases	-	-	3.18	3.49	2.38	-	Upgrade
Current Income Taxes Payable	-	-	-	0	-	-	Upgrade
Current Unearned Revenue	724.84	545.33	318.5	374.08	381.61	234.74	Upgrade
Other Current Liabilities	5.32	4.23	7.17	9.74	8.36	13.67	Upgrade
Total Current Liabilities	1,157	1,096	725.42	538.5	526.04	385.36	Upgrade
Long-Term Debt	479.22	370.43	323.84	3	-	-	Upgrade
Long-Term Leases	0.06	-	-	3.01	-	-	Upgrade
Long-Term Unearned Revenue	27.55	31.29	25.13	27.97	4.23	2.19	Upgrade
Total Liabilities	1,664	1,497	1,074	572.48	530.27	387.56	Upgrade
Common Stock	414.08	414.08	414.08	414.08	414.08	414.08	Upgrade
Additional Paid-In Capital	3,054	3,054	3,054	3,054	3,054	3,054	Upgrade
Retained Earnings	-2,885	-2,766	-2,256	-1,861	-1,381	-1,463	Upgrade
Comprehensive Income & Other	-0.05	5.68	0	0.01	-0.13	-0.1	Upgrade
Shareholders' Equity	583.12	708.09	1,213	1,607	2,088	2,006	Upgrade
Total Liabilities & Equity	2,247	2,206	2,287	2,180	2,618	2,393	Upgrade
Total Debt	640.91	628.58	482.62	9.51	32.43	0.01	Upgrade
Net Cash (Debt)	-315.82	-248.56	12.39	786.33	1,418	1,239	Upgrade
Net Cash Growth	-	-	-98.42%	-44.54%	14.41%	-	Upgrade
Net Cash Per Share	-0.76	-0.60	0.03	1.90	3.46	3.07	Upgrade
Filing Date Shares Outstanding	414.08	414.08	414.08	414.08	414.08	414.08	Upgrade
Total Common Shares Outstanding	414.08	414.08	414.08	414.08	414.08	414.08	Upgrade
Working Capital	-244.58	-207.78	284.98	623.76	1,244	1,082	Upgrade
Book Value Per Share	1.41	1.71	2.93	3.88	5.04	4.84	Upgrade
Tangible Book Value	362.37	483.99	982.34	1,373	1,848	1,760	Upgrade
Tangible Book Value Per Share	0.88	1.17	2.37	3.32	4.46	4.25	Upgrade
Buildings	539.6	291.95	291.16	281.63	220.84	207.73	Upgrade
Machinery	733.28	663.05	608.15	569.52	507.47	348.29	Upgrade
Construction In Progress	323.7	580.96	505.21	155.83	95.04	208.21	Upgrade

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