Arashi Vision Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	2,524	1,470	280.24	824.64	456.85	379.93
Short-Term Investments	-	917.68	1,228	142.11	120	80
Trading Asset Securities	2,077	3,598	904.55	-	-	45
Cash & Short-Term Investments	4,601	5,986	2,413	966.76	576.85	504.93
Cash Growth	58.76%	148.06%	149.59%	67.59%	14.24%	0.04%
Accounts Receivable	355.61	319.12	202.69	95.25	36.48	31.16
Other Receivables	76.64	119.59	105.5	7.79	4.02	1.8
Receivables	432.25	438.71	308.19	103.05	40.5	32.96
Inventory	7,154	2,919	1,000	494.35	350.89	135.76
Prepaid Expenses	-	-	-	1.14	3.29	1.79
Other Current Assets	2,710	438.53	282.32	228.37	141.69	63.81
Total Current Assets	14,897	9,782	4,004	1,794	1,113	739.25
Property, Plant & Equipment	469.52	528.81	396.68	307.92	202.71	136.43
Long-Term Investments	125.71	390.81	480.73	872.75	612.41	-
Other Intangible Assets	41.49	34.21	15.44	11.52	11.14	8.03
Long-Term Deferred Tax Assets	364.24	239.58	103.87	52.65	32.69	5.38
Long-Term Deferred Charges	151.82	37.3	14.21	7.39	5.28	5.37
Other Long-Term Assets	190.49	122.88	6.34	0.62	2.63	0.39
Total Assets	16,240	11,135	5,021	3,047	1,980	894.85

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Accounts Payable	3,693	3,251	1,197	484.24	376.53	126.1
Accrued Expenses	596.41	818.92	458.58	249.07	125.48	50.31
Short-Term Debt	1,622	123	-	-	-	-
Current Portion of Leases	-	37.78	18.47	12.06	6.52	-
Current Income Taxes Payable	-	66.32	6.66	16.99	14.38	0.05
Current Unearned Revenue	423.27	342.32	87.92	49.66	57.79	41.52
Other Current Liabilities	283.57	32.55	22.71	16.33	10.74	4.69
Total Current Liabilities	6,619	4,672	1,791	828.36	591.44	222.66
Long-Term Leases	49.66	49.82	15.01	13.34	10.84	-
Long-Term Unearned Revenue	-	-	0.7	1.49	-	-
Long-Term Deferred Tax Liabilities	4.42	2.18	0	0.24	-	-
Other Long-Term Liabilities	1,967	562.81	32.87	17.27	8.18	2.39
Total Liabilities	10,545	5,286	1,840	860.71	610.47	225.05

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Common Stock	401	401	360	360	360	360
Additional Paid-In Capital	1,337	1,845	191.1	190.36	189.89	188.56
Retained Earnings	3,527	3,573	2,644	1,649	819.82	120.48
Comprehensive Income & Other	-16.5	-17.57	-14.16	-13.94	-0.09	0.76
Total Common Equity	5,248	5,802	3,181	2,186	1,370	669.8
Minority Interest	448.15	47.32	-	-	-	-
Shareholders' Equity	5,696	5,849	3,181	2,186	1,370	669.8
Total Liabilities & Equity	16,240	11,135	5,021	3,047	1,980	894.85

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Total Debt	3,577	210.6	33.48	25.41	17.37	-
Net Cash (Debt)	1,024	5,775	2,379	941.35	559.48	504.93
Net Cash Growth	-63.21%	142.70%	152.77%	68.25%	10.80%	0.04%
Net Cash Per Share	2.58	15.17	6.60	-	-	1.38
Filing Date Shares Outstanding	435.71	401	360	-	-	360
Total Common Shares Outstanding	435.71	401	360	-	-	360
Working Capital	8,279	5,110	2,212	965.31	521.78	516.59
Book Value Per Share	12.04	14.47	8.84	-	-	1.86
Tangible Book Value	5,206	5,767	3,166	2,174	1,358	661.77
Tangible Book Value Per Share	11.95	14.38	8.79	-	-	1.84
Buildings	-	344.2	131.52	131.52	131.52	131.52
Machinery	-	204.17	105.96	54.45	33.19	13
Construction In Progress	-	-	190.64	138.6	48.49	-