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	Jun '26 Jun 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	1,462	1,470	280.24	824.64	456.85	379.93
Short-Term Investments	1,756	917.68	1,228	142.11	120	80
Trading Asset Securities	2,253	3,598	904.55	-	-	45
Cash & Short-Term Investments	5,471	5,986	2,413	966.76	576.85	504.93
Cash Growth	26.96%	148.06%	149.59%	67.59%	14.24%	0.04%
Accounts Receivable	443.75	319.12	202.69	95.25	36.48	31.16
Other Receivables	106.42	119.59	105.5	7.79	4.02	1.8
Receivables	550.18	438.71	308.19	103.05	40.5	32.96
Inventory	6,212	2,919	1,000	494.35	350.89	135.76
Prepaid Expenses	-	-	-	1.14	3.29	1.79
Other Current Assets	663.25	438.53	282.32	228.37	141.69	63.81
Total Current Assets	12,896	9,782	4,004	1,794	1,113	739.25
Property, Plant & Equipment	549.74	528.81	396.68	307.92	202.71	136.43
Long-Term Investments	246.6	390.81	480.73	872.75	612.41	-
Other Intangible Assets	40.33	34.21	15.44	11.52	11.14	8.03
Long-Term Deferred Tax Assets	284.25	239.58	103.87	52.65	32.69	5.38
Long-Term Deferred Charges	104.08	37.3	14.21	7.39	5.28	5.37
Other Long-Term Assets	88.25	122.88	6.34	0.62	2.63	0.39
Total Assets	14,209	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	Jun '26 Jun 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	4,092	3,251	1,197	484.24	376.53	126.1
Accrued Expenses	551.51	818.92	458.58	249.07	125.48	50.31
Short-Term Debt	1,061	123	-	-	-	-
Current Portion of Leases	38.56	37.78	18.47	12.06	6.52	-
Current Income Taxes Payable	73.4	66.32	6.66	16.99	14.38	0.05
Current Unearned Revenue	581.36	342.32	87.92	49.66	57.79	41.52
Other Current Liabilities	145.98	32.55	22.71	16.33	10.74	4.69
Total Current Liabilities	6,544	4,672	1,791	828.36	591.44	222.66
Long-Term Leases	45.13	49.82	15.01	13.34	10.84	-
Long-Term Unearned Revenue	-	-	0.7	1.49	-	-
Long-Term Deferred Tax Liabilities	4.5	2.18	0	0.24	-	-
Other Long-Term Liabilities	1,874	562.81	32.87	17.27	8.18	2.39
Total Liabilities	8,468	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	Jun '26 Jun 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	1,364	1,845	191.1	190.36	189.89	188.56
Retained Earnings	3,509	3,573	2,644	1,649	819.82	120.48
Comprehensive Income & Other	-10.55	-17.57	-14.16	-13.94	-0.09	0.76
Total Common Equity	5,264	5,802	3,181	2,186	1,370	669.8
Minority Interest	477.67	47.32	-	-	-	-
Shareholders' Equity	5,742	5,849	3,181	2,186	1,370	669.8
Total Liabilities & Equity	14,209	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	Jun '26 Jun 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	1,145	210.6	33.48	25.41	17.37	-
Net Cash (Debt)	4,326	5,775	2,379	941.35	559.48	504.93
Net Cash Growth	1.67%	142.70%	152.77%	68.25%	10.80%	0.04%
Net Cash Per Share	11.12	15.17	6.60	-	-	1.38
Filing Date Shares Outstanding	401	401	360	-	-	360
Total Common Shares Outstanding	401	401	360	-	-	360
Working Capital	6,352	5,110	2,212	965.31	521.78	516.59
Book Value Per Share	13.13	14.47	8.84	-	-	1.86
Tangible Book Value	5,224	5,767	3,166	2,174	1,358	661.77
Tangible Book Value Per Share	13.03	14.38	8.79	-	-	1.84
Buildings	344.16	344.2	131.52	131.52	131.52	131.52
Machinery	264.79	204.17	105.96	54.45	33.19	13
Construction In Progress	-	-	190.64	138.6	48.49	-