Shenzhen Quanxinhao Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	88.09	104.7	193.15	163.68	59.02	51.17
Trading Asset Securities	9	9	9	0.69	3.39	12.62
Cash & Short-Term Investments	97.09	113.7	202.15	164.37	62.41	63.78
Cash Growth	-20.28%	-43.76%	22.98%	163.38%	-2.16%	-39.08%
Accounts Receivable	55.02	20.97	17.55	17.04	13.39	-
Other Receivables	31.75	32.79	25.54	18.22	195.18	183.7
Receivables	86.77	53.76	43.1	35.26	208.57	183.7
Inventory	54.99	31.33	29.72	32.59	26.67	1.42
Prepaid Expenses	-	-	-	-	-	0.04
Other Current Assets	21.03	12.07	3.91	7.27	7.15	0.33
Total Current Assets	259.88	210.86	278.87	239.49	304.8	249.27
Property, Plant & Equipment	57.09	59.43	57.24	51.81	56.04	46.22
Long-Term Investments	0.73	0.73	14.14	14.82	20.26	23.38
Goodwill	7.41	-	-	-	-	-
Other Intangible Assets	0.09	0.05	0.07	0.09	0.3	0.17
Long-Term Deferred Tax Assets	2.79	2.8	3.22	1.29	0	0
Long-Term Deferred Charges	9.24	9.95	7.46	8.51	9	1.15
Other Long-Term Assets	33.3	34.98	37.23	39.47	41.61	44.19
Total Assets	370.54	318.81	398.23	355.47	432.02	364.39
Accounts Payable	49.08	31.35	24.29	22.07	19.27	5.73
Accrued Expenses	2.55	2.66	1.94	1.74	2.04	1.19
Short-Term Debt	57.34	23.85	32.48	61.28	27.26	-
Current Portion of Leases	3.14	2.77	3.58	2.08	3.86	-
Current Income Taxes Payable	2.33	0.5	8.48	0.48	0.71	0.86
Current Unearned Revenue	4.77	2.22	1.03	0.9	1.66	0.03
Other Current Liabilities	40.79	49.19	57.3	39.74	148.68	190.05
Total Current Liabilities	160	112.54	129.11	128.3	203.47	197.87
Long-Term Leases	10.84	11.96	9.31	3.06	5.02	-
Long-Term Deferred Tax Liabilities	2.63	2.75	3.22	7.51	6.15	6.15
Other Long-Term Liabilities	-	-	118.56	114.39	103.31	92.57
Total Liabilities	173.46	127.25	260.21	253.26	317.97	296.59
Common Stock	346.45	346.45	346.45	346.45	346.45	346.45
Additional Paid-In Capital	157.02	157.02	157.02	157.02	157.02	157.02
Retained Earnings	-318.93	-322.35	-311.05	-347.02	-339.61	-379.59
Comprehensive Income & Other	-1.87	-1.87	-66.66	-65.98	-62.54	-59.42
Total Common Equity	182.67	179.25	125.76	90.47	101.31	64.47
Minority Interest	14.41	12.3	12.26	11.74	12.73	3.33
Shareholders' Equity	197.08	191.55	138.02	102.21	114.05	67.8
Total Liabilities & Equity	370.54	318.81	398.23	355.47	432.02	364.39
Total Debt	71.33	38.58	45.38	66.42	36.15	-
Net Cash (Debt)	25.76	75.12	156.77	97.95	26.26	63.78
Net Cash Growth	-63.89%	-52.08%	60.05%	272.99%	-58.83%	-39.08%
Net Cash Per Share	0.07	0.21	0.44	0.37	0.08	0.18
Filing Date Shares Outstanding	346.45	346.45	346.45	346.45	346.45	346.45
Total Common Shares Outstanding	346.45	346.45	346.45	346.45	346.45	346.45
Working Capital	99.89	98.32	149.76	111.19	101.33	51.4
Book Value Per Share	0.53	0.52	0.36	0.26	0.29	0.19
Tangible Book Value	175.17	179.21	125.69	90.38	101.01	64.3
Tangible Book Value Per Share	0.51	0.52	0.36	0.26	0.29	0.19
Buildings	-	76.72	76.72	76.72	76.91	76.34
Machinery	-	16.82	13.3	12.81	10.74	8.37

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