iRay Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	3,462	3,256	2,099	1,880	2,709	1,425
Trading Asset Securities	220.39	400.76	113.28	270.44	665.29	835.6
Cash & Short-Term Investments	3,682	3,657	2,213	2,150	3,374	2,261
Cash Growth	59.39%	65.28%	2.90%	-36.28%	49.26%	-3.29%
Accounts Receivable	1,143	872.48	816.96	680	408.68	397.69
Other Receivables	43.61	25.4	23.09	26.84	59.99	17.76
Receivables	1,186	897.89	840.05	706.83	468.67	415.44
Inventory	900.84	822.29	798.28	781.84	657.68	329.62
Prepaid Expenses	0	0.32	-	-	-	-
Other Current Assets	114.24	104.68	103.01	78.34	27.57	40.93
Total Current Assets	5,883	5,482	3,954	3,717	4,528	3,047
Property, Plant & Equipment	6,575	6,407	4,493	3,141	589.94	259.9
Long-Term Investments	295.98	295.65	94.51	111.18	67.06	124.27
Goodwill	87.78	87.78	87.78	79.94	79.94	28.92
Other Intangible Assets	294.45	297.55	221.12	175.32	173.78	19.8
Long-Term Deferred Tax Assets	79.55	69.38	40.98	28.76	23.98	9.09
Long-Term Deferred Charges	133.25	144.52	150.78	137.35	154.8	2.66
Other Long-Term Assets	18.6	34.78	41.27	120.75	201.02	45.72
Total Assets	13,368	12,819	9,083	7,511	5,819	3,537

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	282.11	234.94	178.65	231.82	200.47	134.12
Accrued Expenses	84.15	102.13	86.67	79.03	65.28	37.27
Short-Term Debt	284.05	336.16	135.14	195.66	130.68	51.52
Current Portion of Long-Term Debt	112.87	144.2	8.91	161.29	0.54	-
Current Portion of Leases	17.75	20.43	14.38	22.79	17.77	9.03
Current Income Taxes Payable	23.16	24.29	30.85	44.92	19.32	28.5
Current Unearned Revenue	23.28	27.46	16.79	17.9	25.42	79.75
Other Current Liabilities	910.82	1,217	428.78	613.16	63.52	36.28
Total Current Liabilities	1,738	2,107	900.18	1,367	523.01	376.47
Long-Term Debt	3,064	3,716	3,295	1,601	1,176	-
Long-Term Leases	78.56	85.44	111.83	117.06	125.92	8.13
Long-Term Unearned Revenue	247.65	226.84	112.53	51.27	53.87	50.52
Long-Term Deferred Tax Liabilities	2.43	2.42	4.53	11.66	21.63	12.15
Other Long-Term Liabilities	36.44	13.09	12.35	11.06	14.25	13.28
Total Liabilities	5,167	6,151	4,437	3,158	1,915	460.55

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	312.1	211.45	143.06	101.99	72.69	72.55
Additional Paid-In Capital	4,782	3,422	2,332	2,298	2,249	2,164
Retained Earnings	2,665	2,470	1,963	1,702	1,305	823.12
Treasury Stock	-16.38	-134.92	-39.83	-19.98	-	-
Comprehensive Income & Other	-5.34	233.7	239.95	248.58	250.09	-7.74
Total Common Equity	7,737	6,202	4,639	4,330	3,877	3,052
Minority Interest	463.2	466.07	7.73	22.6	26.98	24.38
Shareholders' Equity	8,200	6,668	4,646	4,353	3,904	3,077
Total Liabilities & Equity	13,368	12,819	9,083	7,511	5,819	3,537

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	3,557	4,302	3,565	2,098	1,451	68.68
Net Cash (Debt)	124.91	-645.38	-1,353	52.64	1,923	2,192
Net Cash Growth	-	-	-	-97.26%	-12.27%	-2.98%
Net Cash Per Share	0.42	-2.19	-4.74	0.18	6.88	7.86
Filing Date Shares Outstanding	294.28	295.9	280.06	279.61	279.25	278.7
Total Common Shares Outstanding	294.28	294.71	280.06	279.61	279.25	278.7
Working Capital	4,145	3,375	3,054	2,351	4,005	2,670
Book Value Per Share	26.29	21.04	16.56	15.49	13.88	10.95
Tangible Book Value	7,355	5,817	4,330	4,075	3,623	3,003
Tangible Book Value Per Share	24.99	19.74	15.46	14.57	12.97	10.78
Buildings	1,100	-	-	209.6	53.52	40.41
Machinery	4,052	4,040	1,069	370.17	245.83	150.01
Construction In Progress	1,852	1,488	2,930	2,566	257.37	118.84