iRay Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	3,111	3,256	2,099	1,880	2,709	1,425
Trading Asset Securities	702.77	400.76	113.28	270.44	665.29	835.6
Cash & Short-Term Investments	3,814	3,657	2,213	2,150	3,374	2,261
Cash Growth	83.04%	65.28%	2.90%	-36.28%	49.26%	-3.29%
Accounts Receivable	966.63	872.48	816.96	680	408.68	397.69
Other Receivables	59.56	25.4	23.09	26.84	59.99	17.76
Receivables	1,026	897.89	840.05	706.83	468.67	415.44
Inventory	917.93	822.29	798.28	781.84	657.68	329.62
Prepaid Expenses	-	0.32	-	-	-	-
Other Current Assets	150.68	104.68	103.01	78.34	27.57	40.93
Total Current Assets	5,909	5,482	3,954	3,717	4,528	3,047
Property, Plant & Equipment	6,458	6,407	4,493	3,141	589.94	259.9
Long-Term Investments	295.66	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	292.72	297.55	221.12	175.32	173.78	19.8
Long-Term Deferred Tax Assets	78.66	69.38	40.98	28.76	23.98	9.09
Long-Term Deferred Charges	139.41	144.52	150.78	137.35	154.8	2.66
Other Long-Term Assets	33.72	34.78	41.27	120.75	201.02	45.72
Total Assets	13,295	12,819	9,083	7,511	5,819	3,537
Accounts Payable	617.59	234.94	178.65	231.82	200.47	134.12
Accrued Expenses	91.42	102.13	86.67	79.03	65.28	37.27
Short-Term Debt	230.72	336.16	135.14	195.66	130.68	51.52
Current Portion of Long-Term Debt	30.65	144.2	8.91	161.29	0.54	-
Current Portion of Leases	-	20.43	14.38	22.79	17.77	9.03
Current Income Taxes Payable	43.92	24.29	30.85	44.92	19.32	28.5
Current Unearned Revenue	21.62	27.46	16.79	17.9	25.42	79.75
Other Current Liabilities	586.46	1,217	428.78	613.16	63.52	36.28
Total Current Liabilities	1,622	2,107	900.18	1,367	523.01	376.47
Long-Term Debt	4,410	3,716	3,295	1,601	1,176	-
Long-Term Leases	88.66	85.44	111.83	117.06	125.92	8.13
Long-Term Unearned Revenue	214.67	226.84	112.53	51.27	53.87	50.52
Long-Term Deferred Tax Liabilities	2.57	2.42	4.53	11.66	21.63	12.15
Other Long-Term Liabilities	11.86	13.09	12.35	11.06	14.25	13.28
Total Liabilities	6,351	6,151	4,437	3,158	1,915	460.55
Common Stock	211.45	211.45	143.06	101.99	72.69	72.55
Additional Paid-In Capital	3,400	3,422	2,332	2,298	2,249	2,164
Retained Earnings	2,649	2,470	1,963	1,702	1,305	823.12
Treasury Stock	-11.39	-134.92	-39.83	-19.98	-	-
Comprehensive Income & Other	225.28	233.7	239.95	248.58	250.09	-7.74
Total Common Equity	6,474	6,202	4,639	4,330	3,877	3,052
Minority Interest	469.72	466.07	7.73	22.6	26.98	24.38
Shareholders' Equity	6,944	6,668	4,646	4,353	3,904	3,077
Total Liabilities & Equity	13,295	12,819	9,083	7,511	5,819	3,537
Total Debt	4,760	4,302	3,565	2,098	1,451	68.68
Net Cash (Debt)	-946.53	-645.38	-1,353	52.64	1,923	2,192
Net Cash Growth	-	-	-	-97.26%	-12.27%	-2.98%
Net Cash Per Share	-4.42	-3.07	-6.63	0.26	9.64	11.01
Filing Date Shares Outstanding	212.8	211.36	200.04	199.72	199.47	199.07
Total Common Shares Outstanding	212.8	210.51	200.04	199.72	199.47	199.07
Working Capital	4,286	3,375	3,054	2,351	4,005	2,670
Book Value Per Share	30.42	29.46	23.19	21.68	19.44	15.33
Tangible Book Value	6,094	5,817	4,330	4,075	3,623	3,003
Tangible Book Value Per Share	28.64	27.63	21.64	20.40	18.16	15.09
Buildings	-	-	-	209.6	53.52	40.41
Machinery	-	4,040	1,069	370.17	245.83	150.01
Construction In Progress	-	1,488	2,930	2,566	257.37	118.84

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