Arashi Vision 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 2020
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 '20 Dec 31, 2020
Cash & Equivalents	1,432	1,470	280.24	824.64	456.85	379.93
Short-Term Investments	-	-	1,228	142.11	120	80
Trading Asset Securities	2,526	3,598	904.55	-	-	45
Cash & Short-Term Investments	3,958	5,068	2,413	966.76	576.85	504.93
Cash Growth	97.43%	110.03%	149.59%	67.59%	14.24%	0.04%
Accounts Receivable	298.81	319.12	202.69	95.25	36.48	31.16
Other Receivables	72.08	84.62	65.31	7.79	4.02	1.8
Receivables	370.89	403.74	268	103.05	40.5	32.96
Inventory	3,794	2,919	1,000	494.35	350.89	135.76
Prepaid Expenses	-	-	-	1.14	3.29	1.79
Other Current Assets	1,417	1,391	322.52	228.37	141.69	63.81
Total Current Assets	9,541	9,782	4,004	1,794	1,113	739.25
Property, Plant & Equipment	542.08	528.81	396.68	307.92	202.71	136.43
Long-Term Investments	362.28	390.81	480.73	872.75	612.41	-
Other Intangible Assets	32.13	34.21	15.44	11.52	11.14	8.03
Long-Term Deferred Tax Assets	253.18	239.58	103.87	52.65	32.69	5.38
Long-Term Deferred Charges	53.9	37.3	14.21	7.39	5.28	5.37
Other Long-Term Assets	114.9	122.88	6.34	0.62	2.63	0.39
Total Assets	10,899	11,135	5,021	3,047	1,980	894.85
Accounts Payable	2,687	3,251	1,197	484.24	376.53	126.1
Accrued Expenses	389.63	501.94	458.58	249.07	125.48	50.31
Short-Term Debt	195	123	-	-	-	-
Current Portion of Long-Term Debt	33.99	37.78	-	-	-	-
Current Portion of Leases	-	-	18.47	12.06	6.52	-
Current Income Taxes Payable	81.49	189.45	6.66	16.99	14.38	0.05
Current Unearned Revenue	433	342.32	87.92	49.66	57.79	41.52
Other Current Liabilities	238.87	226.4	22.71	16.33	10.74	4.69
Total Current Liabilities	4,059	4,672	1,791	828.36	591.44	222.66
Long-Term Leases	46.4	49.82	15.01	13.34	10.84	-
Long-Term Unearned Revenue	-	-	0.7	1.49	-	-
Long-Term Deferred Tax Liabilities	2.15	2.18	0	0.24	-	-
Other Long-Term Liabilities	876.97	562.81	32.87	17.27	8.18	2.39
Total Liabilities	4,984	5,286	1,840	860.71	610.47	225.05
Common Stock	401	401	360	360	360	360
Additional Paid-In Capital	1,763	1,845	191.1	190.36	189.89	188.56
Retained Earnings	3,658	3,573	2,644	1,649	819.82	120.48
Comprehensive Income & Other	-20.69	-17.57	-14.16	-13.94	-0.09	0.76
Total Common Equity	5,801	5,802	3,181	2,186	1,370	669.8
Minority Interest	114.12	47.32	-	-	-	-
Shareholders' Equity	5,915	5,849	3,181	2,186	1,370	669.8
Total Liabilities & Equity	10,899	11,135	5,021	3,047	1,980	894.85
Total Debt	275.4	210.6	33.48	25.41	17.37	-
Net Cash (Debt)	3,683	4,857	2,379	941.35	559.48	504.93
Net Cash Growth	87.38%	104.14%	152.77%	68.25%	10.80%	0.04%
Net Cash Per Share	9.41	12.76	6.61	-	-	1.38
Filing Date Shares Outstanding	402.95	401	360	-	-	360
Total Common Shares Outstanding	402.95	401	360	-	-	360
Working Capital	5,482	5,110	2,212	965.31	521.78	516.59
Book Value Per Share	14.40	14.47	8.84	-	-	1.86
Tangible Book Value	5,769	5,767	3,166	2,174	1,358	661.77
Tangible Book Value Per Share	14.32	14.38	8.79	-	-	1.84
Buildings	-	-	131.52	131.52	131.52	131.52
Machinery	-	-	105.96	54.45	33.19	13
Construction In Progress	-	-	190.64	138.6	48.49	-

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