iRay Group 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	-	2,099	1,880	2,709	1,425
Trading Asset Securities	-	113.28	270.44	665.29	835.6
Cash & Short-Term Investments	3,407	2,213	2,150	3,374	2,261
Cash Growth	53.97%	2.90%	-36.28%	49.26%	-3.29%
Accounts Receivable	-	816.96	680	408.68	397.69
Other Receivables	-	23.09	26.84	59.99	17.76
Receivables	-	840.05	706.83	468.67	415.44
Inventory	-	798.28	781.84	657.68	329.62
Other Current Assets	-	103.01	78.34	27.57	40.93
Total Current Assets	-	3,954	3,717	4,528	3,047
Property, Plant & Equipment	-	4,493	3,141	589.94	259.9
Long-Term Investments	-	94.51	111.18	67.06	124.27
Goodwill	-	87.78	79.94	79.94	28.92
Other Intangible Assets	-	221.12	175.32	173.78	19.8
Long-Term Deferred Tax Assets	-	40.98	28.76	23.98	9.09
Long-Term Deferred Charges	-	150.78	137.35	154.8	2.66
Other Long-Term Assets	-	41.27	120.75	201.02	45.72
Total Assets	-	9,083	7,511	5,819	3,537
Accounts Payable	-	178.65	231.82	200.47	134.12
Accrued Expenses	-	86.67	79.03	65.28	37.27
Short-Term Debt	-	135.14	195.66	130.68	51.52
Current Portion of Long-Term Debt	-	8.91	161.29	0.54	-
Current Portion of Leases	-	14.38	22.79	17.77	9.03
Current Income Taxes Payable	-	30.85	44.92	19.32	28.5
Current Unearned Revenue	-	16.79	17.9	25.42	79.75
Other Current Liabilities	-	428.78	613.16	63.52	36.28
Total Current Liabilities	-	900.18	1,367	523.01	376.47
Long-Term Debt	-	3,295	1,601	1,176	-
Long-Term Leases	-	111.83	117.06	125.92	8.13
Long-Term Unearned Revenue	-	112.53	51.27	53.87	50.52
Long-Term Deferred Tax Liabilities	-	4.53	11.66	21.63	12.15
Other Long-Term Liabilities	-	12.35	11.06	14.25	13.28
Total Liabilities	-	4,437	3,158	1,915	460.55
Common Stock	-	143.06	101.99	72.69	72.55
Additional Paid-In Capital	-	2,332	2,298	2,249	2,164
Retained Earnings	-	1,963	1,702	1,305	823.12
Treasury Stock	-	-39.83	-19.98	-	-
Comprehensive Income & Other	-	239.95	248.58	250.09	-7.74
Total Common Equity	6,077	4,639	4,330	3,877	3,052
Minority Interest	-	7.73	22.6	26.98	24.38
Shareholders' Equity	6,071	4,646	4,353	3,904	3,077
Total Liabilities & Equity	-	9,083	7,511	5,819	3,537
Total Debt	3,802	3,565	2,098	1,451	68.68
Net Cash (Debt)	-395.36	-1,353	52.64	1,923	2,192
Net Cash Growth	-	-	-97.26%	-12.27%	-2.98%
Net Cash Per Share	-1.97	-6.50	0.26	9.64	11.01
Filing Date Shares Outstanding	200.83	200.04	199.72	199.47	199.07
Total Common Shares Outstanding	211.17	200.04	199.72	199.47	199.07
Working Capital	-	3,054	2,351	4,005	2,670
Book Value Per Share	28.78	23.19	21.68	19.44	15.33
Tangible Book Value	5,751	4,330	4,075	3,623	3,003
Tangible Book Value Per Share	27.23	21.64	20.40	18.16	15.09
Buildings	-	561.69	209.6	53.52	40.41
Machinery	-	1,069	370.17	245.83	150.01
Construction In Progress	-	2,930	2,566	257.37	118.84

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.