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	250.84	164.47	170.07	180.68	253.45
Short-Term Investments	-	268.99	322.94	66.8	-
Trading Asset Securities	87.16	2.5	-	175	15
Cash & Short-Term Investments	338	435.97	493	422.48	268.45
Cash Growth	-22.47%	-11.57%	16.69%	57.38%	-48.27%
Accounts Receivable	1,089	891.46	689.47	435.88	427.67
Other Receivables	17.11	8.96	8.87	8.25	0.55
Receivables	1,107	900.42	698.34	444.13	429.78
Inventory	385.71	302.87	219.41	230.72	210.19
Prepaid Expenses	-	0.79	0.73	-	-
Other Current Assets	868.3	21.44	9.37	10.36	7.07
Total Current Assets	2,699	1,661	1,421	1,108	915.49
Property, Plant & Equipment	913.32	500.82	316.32	198.87	133.51
Long-Term Investments	57.32	694.49	658.55	127.69	198.69
Goodwill	0.5	0.5	0.95	-	-
Other Intangible Assets	49.6	42.13	22.51	11.73	8.93
Long-Term Accounts Receivable	-	4.26	1.25	-	-
Long-Term Deferred Tax Assets	58.47	30.75	18.97	11.09	6.22
Long-Term Deferred Charges	7.34	1.38	2.18	2.09	2.27
Other Long-Term Assets	9.31	138.15	102.6	14.02	3.45
Total Assets	3,794	3,074	2,544	1,473	1,269
Accounts Payable	727.51	551.22	332.12	248.07	173.52
Accrued Expenses	110.37	112.21	83.98	58.55	48.52
Short-Term Debt	172.7	70.62	23.07	16.66	-
Current Portion of Long-Term Debt	3.87	-	-	-	-
Current Portion of Leases	-	7.05	4.23	2.81	0.75
Current Income Taxes Payable	18.83	0.13	0.24	0.11	0.9
Current Unearned Revenue	87.32	32.18	4.38	22.03	2.89
Other Current Liabilities	222.45	141.11	131.51	118.52	157.33
Total Current Liabilities	1,343	914.52	579.54	466.75	383.91
Long-Term Leases	5.89	4.18	7.63	9.35	0.04
Long-Term Unearned Revenue	17.11	9.57	2.49	2.73	1.33
Long-Term Deferred Tax Liabilities	1.8	1.95	1.95	1.81	-
Other Long-Term Liabilities	40.58	29.38	17.42	13.43	16.45
Total Liabilities	1,408	959.6	609.02	494.07	401.73
Common Stock	214.02	211.38	210.26	180	180
Additional Paid-In Capital	1,350	1,269	1,244	470.94	465.05
Retained Earnings	805.73	631.74	475.51	329.7	221.48
Treasury Stock	-20.01	-20.01	-	-	-
Comprehensive Income & Other	-0.72	0.08	-0.12	-0.2	-0.21
Total Common Equity	2,349	2,092	1,930	980.44	866.33
Minority Interest	36.62	21.87	5.33	-1.32	0.5
Shareholders' Equity	2,386	2,114	1,935	979.11	866.83
Total Liabilities & Equity	3,794	3,074	2,544	1,473	1,269
Total Debt	182.45	81.85	34.93	28.82	0.79
Net Cash (Debt)	155.54	354.11	458.07	393.66	267.66
Net Cash Growth	-56.08%	-22.70%	16.36%	47.08%	-46.88%
Net Cash Per Share	0.73	1.68	2.42	2.19	1.48
Filing Date Shares Outstanding	211.93	210.53	210.26	180	180
Total Common Shares Outstanding	211.93	210.53	210.26	180	180
Working Capital	1,356	746.96	841.32	640.94	531.59
Book Value Per Share	11.09	9.94	9.18	5.45	4.81
Tangible Book Value	2,299	2,050	1,906	968.7	857.4
Tangible Book Value Per Share	10.85	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.