Suzhou Veichi Electric 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	-	164.47	170.07	180.68	253.45
Short-Term Investments	-	268.99	322.94	66.8	-
Trading Asset Securities	-	2.5	-	175	15
Cash & Short-Term Investments	1,006	435.97	493	422.48	268.45
Cash Growth	130.66%	-11.57%	16.69%	57.38%	-48.27%
Accounts Receivable	-	891.46	689.47	435.88	427.67
Other Receivables	-	8.96	8.87	8.25	0.55
Receivables	-	900.42	698.34	444.13	429.78
Inventory	-	302.87	219.41	230.72	210.19
Prepaid Expenses	-	0.79	0.73	-	-
Other Current Assets	-	21.44	9.37	10.36	7.07
Total Current Assets	-	1,661	1,421	1,108	915.49
Property, Plant & Equipment	-	500.82	316.32	198.87	133.51
Long-Term Investments	-	694.49	658.55	127.69	198.69
Goodwill	-	0.5	0.95	-	-
Other Intangible Assets	-	42.13	22.51	11.73	8.93
Long-Term Accounts Receivable	-	4.26	1.25	-	-
Long-Term Deferred Tax Assets	-	30.75	18.97	11.09	6.22
Long-Term Deferred Charges	-	1.38	2.18	2.09	2.27
Other Long-Term Assets	-	138.15	102.6	14.02	3.45
Total Assets	-	3,074	2,544	1,473	1,269
Accounts Payable	-	551.22	332.12	248.07	173.52
Accrued Expenses	-	112.21	83.98	58.55	48.52
Short-Term Debt	-	70.62	23.07	16.66	-
Current Portion of Leases	-	7.05	4.23	2.81	0.75
Current Income Taxes Payable	-	0.13	0.24	0.11	0.9
Current Unearned Revenue	-	32.18	4.38	22.03	2.89
Other Current Liabilities	-	141.11	131.51	118.52	157.33
Total Current Liabilities	-	914.52	579.54	466.75	383.91
Long-Term Leases	-	4.18	7.63	9.35	0.04
Long-Term Unearned Revenue	-	9.57	2.49	2.73	1.33
Long-Term Deferred Tax Liabilities	-	1.95	1.95	1.81	-
Other Long-Term Liabilities	-	29.38	17.42	13.43	16.45
Total Liabilities	-	959.6	609.02	494.07	401.73
Common Stock	-	211.38	210.26	180	180
Additional Paid-In Capital	-	1,269	1,244	470.94	465.05
Retained Earnings	-	631.74	475.51	329.7	221.48
Treasury Stock	-	-20.01	-	-	-
Comprehensive Income & Other	-	0.08	-0.12	-0.2	-0.21
Total Common Equity	2,315	2,092	1,930	980.44	866.33
Minority Interest	-	21.87	5.33	-1.32	0.5
Shareholders' Equity	2,346	2,114	1,935	979.11	866.83
Total Liabilities & Equity	-	3,074	2,544	1,473	1,269
Total Debt	194	81.85	34.93	28.82	0.79
Net Cash (Debt)	811.6	354.11	458.07	393.66	267.66
Net Cash Growth	129.19%	-22.70%	16.36%	47.08%	-46.88%
Net Cash Per Share	3.84	1.68	2.42	2.19	1.48
Filing Date Shares Outstanding	209.5	210.53	210.26	180	180
Total Common Shares Outstanding	212.95	210.53	210.26	180	180
Working Capital	-	746.96	841.32	640.94	531.59
Book Value Per Share	10.87	9.94	9.18	5.45	4.81
Tangible Book Value	2,265	2,050	1,906	968.7	857.4
Tangible Book Value Per Share	10.64	9.74	9.07	5.38	4.76
Buildings	-	218.25	212.36	79.55	79.55
Machinery	-	163.58	131.06	92.49	73.8
Construction In Progress	-	220.92	41.47	74.74	24.31

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