Wanxiang Qianchao 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	8,009	6,119	5,255	4,313	6,237	5,073
Trading Asset Securities	0.01	-	0.41	0.65	1.05	0.18
Cash & Short-Term Investments	8,009	6,119	5,255	4,313	6,238	5,073
Cash Growth	30.83%	16.43%	21.85%	-30.86%	22.97%	143.80%
Accounts Receivable	4,412	3,971	3,692	3,203	3,037	3,154
Other Receivables	28.04	26.28	46.73	12.59	15.89	6.64
Receivables	4,440	3,997	3,749	3,231	3,068	3,175
Inventory	3,501	3,537	2,814	2,806	2,513	1,951
Other Current Assets	672.65	583.21	599.18	612.05	291.88	261.3
Total Current Assets	16,623	14,236	12,417	10,962	12,112	10,460
Property, Plant & Equipment	2,869	2,897	2,975	2,992	3,058	3,298
Long-Term Investments	4,723	4,733	5,039	4,811	1,256	1,298
Goodwill	0.03	0.03	0.03	0.03	0.03	0.03
Other Intangible Assets	236.75	246.15	222.86	224.83	212.08	177.3
Long-Term Deferred Tax Assets	43.05	33.19	14.52	33.34	35.4	34.77
Long-Term Deferred Charges	31.6	40.08	33.87	36.95	25.04	49.32
Other Long-Term Assets	114.48	109.85	188.15	128.9	122.02	172.9
Total Assets	24,640	22,296	20,890	19,188	16,821	15,490
Accounts Payable	5,334	5,121	4,993	4,744	3,983	3,673
Accrued Expenses	325.31	338.36	351.77	357.59	357.7	396.48
Short-Term Debt	4,910	3,765	3,554	2,129	1,471	871.03
Current Portion of Long-Term Debt	833.16	247.91	993.76	447.34	0.21	601.05
Current Portion of Leases	-	4.92	2.76	4.86	11.94	-
Current Income Taxes Payable	95.81	51.02	49.94	51.93	23.88	33.66
Current Unearned Revenue	1,110	884.01	492.18	497.83	228.68	72.91
Other Current Liabilities	361.97	275.29	199.21	145.57	108.83	92.05
Total Current Liabilities	12,970	10,687	10,638	8,379	6,185	5,740
Long-Term Debt	1,018	1,240	165.52	919.89	900.99	1.95
Long-Term Leases	29.11	30	13.39	26.53	34.21	-
Long-Term Unearned Revenue	301.18	303.05	289.84	277.26	254.06	242.01
Pension & Post-Retirement Benefits	4.32	4.7	5.35	6.27	7.08	7.78
Long-Term Deferred Tax Liabilities	28.84	19	62.91	17.95	12.66	11.12
Other Long-Term Liabilities	683.81	665.14	665.9	642.35	642.35	642.35
Total Liabilities	15,036	12,948	11,840	10,269	8,036	6,645
Common Stock	3,315	3,304	3,304	3,304	3,304	3,304
Additional Paid-In Capital	2,597	2,542	2,509	2,505	2,506	2,504
Retained Earnings	3,515	3,336	2,880	2,950	2,499	2,474
Comprehensive Income & Other	-27.66	-31.28	166.41	-61.83	246.15	323.82
Total Common Equity	9,400	9,150	8,859	8,697	8,554	8,606
Minority Interest	204.52	197.61	190.73	222.64	229.9	239.43
Shareholders' Equity	9,604	9,348	9,050	8,920	8,784	8,845
Total Liabilities & Equity	24,640	22,296	20,890	19,188	16,821	15,490
Total Debt	6,790	5,287	4,730	3,528	2,418	1,474
Net Cash (Debt)	1,219	831.63	525.55	785.13	3,820	3,599
Net Cash Growth	158.68%	58.24%	-33.06%	-79.44%	6.14%	780.28%
Net Cash Per Share	0.37	0.25	0.16	0.23	1.17	1.24
Filing Date Shares Outstanding	3,315	3,304	3,304	3,304	3,304	3,304
Total Common Shares Outstanding	3,315	3,304	3,304	3,304	3,304	3,304
Working Capital	3,652	3,549	1,779	2,584	5,927	4,720
Book Value Per Share	2.84	2.77	2.68	2.63	2.59	2.60
Tangible Book Value	9,163	8,904	8,636	8,472	8,342	8,428
Tangible Book Value Per Share	2.76	2.70	2.61	2.56	2.53	2.55
Buildings	-	860.46	755.93	710.73	710.49	727.84
Machinery	-	7,270	7,039	7,022	6,805	6,685
Construction In Progress	-	271.84	437.1	274.33	167.94	206.41

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.