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	3,256	2,099	1,880	2,709	1,425
Trading Asset Securities	400.76	113.28	270.44	665.29	835.6
Cash & Short-Term Investments	3,657	2,213	2,150	3,374	2,261
Cash Growth	65.28%	2.90%	-36.28%	49.26%	-3.29%
Accounts Receivable	872.48	816.96	680	408.68	397.69
Other Receivables	25.4	23.09	26.84	59.99	17.76
Receivables	897.89	840.05	706.83	468.67	415.44
Inventory	822.29	798.28	781.84	657.68	329.62
Other Current Assets	105	103.01	78.34	27.57	40.93
Total Current Assets	5,482	3,954	3,717	4,528	3,047
Property, Plant & Equipment	6,407	4,493	3,141	589.94	259.9
Long-Term Investments	295.65	94.51	111.18	67.06	124.27
Goodwill	87.78	87.78	79.94	79.94	28.92
Other Intangible Assets	297.55	221.12	175.32	173.78	19.8
Long-Term Deferred Tax Assets	69.38	40.98	28.76	23.98	9.09
Long-Term Deferred Charges	144.52	150.78	137.35	154.8	2.66
Other Long-Term Assets	34.78	41.27	120.75	201.02	45.72
Total Assets	12,819	9,083	7,511	5,819	3,537
Accounts Payable	852.25	178.65	231.82	200.47	134.12
Accrued Expenses	87.6	86.67	79.03	65.28	37.27
Short-Term Debt	336.16	135.14	195.66	130.68	51.52
Current Portion of Long-Term Debt	164.64	8.91	161.29	0.54	-
Current Portion of Leases	-	14.38	22.79	17.77	9.03
Current Income Taxes Payable	40.53	30.85	44.92	19.32	28.5
Current Unearned Revenue	27.46	16.79	17.9	25.42	79.75
Other Current Liabilities	598.07	428.78	613.16	63.52	36.28
Total Current Liabilities	2,107	900.18	1,367	523.01	376.47
Long-Term Debt	3,716	3,295	1,601	1,176	-
Long-Term Leases	85.44	111.83	117.06	125.92	8.13
Long-Term Unearned Revenue	226.84	112.53	51.27	53.87	50.52
Long-Term Deferred Tax Liabilities	2.42	4.53	11.66	21.63	12.15
Other Long-Term Liabilities	13.09	12.35	11.06	14.25	13.28
Total Liabilities	6,151	4,437	3,158	1,915	460.55
Common Stock	211.45	143.06	101.99	72.69	72.55
Additional Paid-In Capital	3,422	2,332	2,298	2,249	2,164
Retained Earnings	2,470	1,963	1,702	1,305	823.12
Treasury Stock	-134.92	-39.83	-19.98	-	-
Comprehensive Income & Other	233.7	239.95	248.58	250.09	-7.74
Total Common Equity	6,202	4,639	4,330	3,877	3,052
Minority Interest	466.07	7.73	22.6	26.98	24.38
Shareholders' Equity	6,668	4,646	4,353	3,904	3,077
Total Liabilities & Equity	12,819	9,083	7,511	5,819	3,537
Total Debt	4,302	3,565	2,098	1,451	68.68
Net Cash (Debt)	-645.38	-1,353	52.64	1,923	2,192
Net Cash Growth	-	-	-97.26%	-12.27%	-2.98%
Net Cash Per Share	-3.07	-6.50	0.26	9.64	11.01
Filing Date Shares Outstanding	211.81	200.04	199.72	199.47	199.07
Total Common Shares Outstanding	211.81	200.04	199.72	199.47	199.07
Working Capital	3,375	3,054	2,351	4,005	2,670
Book Value Per Share	29.28	23.19	21.68	19.44	15.33
Tangible Book Value	5,817	4,330	4,075	3,623	3,003
Tangible Book Value Per Share	27.46	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.