Suzhou Veichi Electric 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	292.67	250.84	164.47	170.07	180.68	253.45
Short-Term Investments	-	801.57	268.99	322.94	66.8	-
Trading Asset Securities	21.31	87.16	2.5	-	175	15
Cash & Short-Term Investments	313.98	1,140	435.97	493	422.48	268.45
Cash Growth	-22.32%	161.39%	-11.57%	16.69%	57.38%	-48.27%
Accounts Receivable	1,094	1,089	891.46	689.47	435.88	427.67
Other Receivables	15.88	27.69	8.96	8.87	8.25	0.55
Receivables	1,110	1,117	900.42	698.34	444.13	429.78
Inventory	504.63	385.71	302.87	219.41	230.72	210.19
Prepaid Expenses	-	0.15	0.79	0.73	-	-
Other Current Assets	693.08	56	21.44	9.37	10.36	7.07
Total Current Assets	2,622	2,699	1,661	1,421	1,108	915.49
Property, Plant & Equipment	927.86	913.32	500.82	316.32	198.87	133.51
Long-Term Investments	62.82	47.89	694.49	658.55	127.69	198.69
Goodwill	0.5	0.5	0.5	0.95	-	-
Other Intangible Assets	49.06	49.6	42.13	22.51	11.73	8.93
Long-Term Accounts Receivable	-	3.36	4.26	1.25	-	-
Long-Term Deferred Tax Assets	52.18	58.47	30.75	18.97	11.09	6.22
Long-Term Deferred Charges	11.66	7.34	1.38	2.18	2.09	2.27
Other Long-Term Assets	12.85	15.38	138.15	102.6	14.02	3.45
Total Assets	3,739	3,794	3,074	2,544	1,473	1,269
Accounts Payable	735.53	727.51	551.22	332.12	248.07	173.52
Accrued Expenses	94.45	121.8	112.21	83.98	58.55	48.52
Short-Term Debt	105.01	172.7	70.62	23.07	16.66	-
Current Portion of Long-Term Debt	3.62	-	-	-	-	-
Current Portion of Leases	-	3.87	7.05	4.23	2.81	0.75
Current Income Taxes Payable	13.72	5.97	0.13	0.24	0.11	0.9
Current Unearned Revenue	79.28	87.32	32.18	4.38	22.03	2.89
Other Current Liabilities	216.36	223.88	141.11	131.51	118.52	157.33
Total Current Liabilities	1,248	1,343	914.52	579.54	466.75	383.91
Long-Term Leases	7.13	5.89	4.18	7.63	9.35	0.04
Long-Term Unearned Revenue	19.72	17.11	9.57	2.49	2.73	1.33
Long-Term Deferred Tax Liabilities	2.18	1.8	1.95	1.95	1.81	-
Other Long-Term Liabilities	26.9	40.58	29.38	17.42	13.43	16.45
Total Liabilities	1,304	1,408	959.6	609.02	494.07	401.73
Common Stock	214.02	214.02	211.38	210.26	180	180
Additional Paid-In Capital	1,347	1,350	1,269	1,244	470.94	465.05
Retained Earnings	854.04	805.73	631.74	475.51	329.7	221.48
Treasury Stock	-20.01	-20.01	-20.01	-	-	-
Comprehensive Income & Other	-1.3	-0.72	0.08	-0.12	-0.2	-0.21
Total Common Equity	2,394	2,349	2,092	1,930	980.44	866.33
Minority Interest	40.97	36.62	21.87	5.33	-1.32	0.5
Shareholders' Equity	2,435	2,386	2,114	1,935	979.11	866.83
Total Liabilities & Equity	3,739	3,794	3,074	2,544	1,473	1,269
Total Debt	115.77	182.45	81.85	34.93	28.82	0.79
Net Cash (Debt)	198.21	957.11	354.11	458.07	393.66	267.66
Net Cash Growth	-38.93%	170.29%	-22.70%	16.36%	47.08%	-46.88%
Net Cash Per Share	0.94	4.52	1.68	2.42	2.19	1.48
Filing Date Shares Outstanding	210.02	213.17	210.53	210.26	180	180
Total Common Shares Outstanding	210.02	213.17	210.53	210.26	180	180
Working Capital	1,374	1,356	746.96	841.32	640.94	531.59
Book Value Per Share	11.40	11.02	9.94	9.18	5.45	4.81
Tangible Book Value	2,344	2,299	2,050	1,906	968.7	857.4
Tangible Book Value Per Share	11.16	10.79	9.74	9.07	5.38	4.76
Buildings	-	766.76	218.25	212.36	79.55	79.55
Machinery	-	221.88	163.58	131.06	92.49	73.8
Construction In Progress	-	61.4	220.92	41.47	74.74	24.31

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