Beijing Victory Electric Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	337.08	249.77	263.16	100.23
Trading Asset Securities	-	-	-	4
Cash & Short-Term Investments	337.08	249.77	263.16	104.23
Cash Growth	34.96%	-5.09%	152.48%	-
Accounts Receivable	1,439	1,167	764.31	627.4
Other Receivables	62.31	40.2	6.95	5.67
Receivables	1,501	1,208	771.26	633.07
Inventory	405.07	360.42	263.44	270.66
Other Current Assets	39.72	33	40.79	48.69
Total Current Assets	2,283	1,851	1,339	1,057
Property, Plant & Equipment	681.66	390.81	282.44	168.79
Other Intangible Assets	60.85	37.07	9.46	8.75
Long-Term Accounts Receivable	17.12	8.19	10.88	12.77
Long-Term Deferred Tax Assets	26	27.71	28.53	20.74
Long-Term Deferred Charges	6.7	7.12	9.88	6.47
Other Long-Term Assets	6.32	35.68	8	23.56
Total Assets	3,081	2,357	1,688	1,298
Accounts Payable	723.18	461.68	182.07	124.02
Accrued Expenses	62.03	54.79	36.87	37.66
Short-Term Debt	131.43	140.28	100.05	77.33
Current Portion of Long-Term Debt	18.52	0.09	-	-
Current Portion of Leases	18.26	20.42	11.91	10.47
Current Income Taxes Payable	19.26	10.49	1.83	2.08
Current Unearned Revenue	3.59	9.56	9.51	1.54
Other Current Liabilities	112.33	99.86	60.03	39.02
Total Current Liabilities	1,089	797.17	402.27	292.12
Long-Term Debt	119.96	0.21	-	-
Long-Term Leases	19.16	30.75	32.49	17.08
Long-Term Unearned Revenue	15.69	4.77	5.91	-
Long-Term Deferred Tax Liabilities	5.87	7.47	7.55	4.7
Total Liabilities	1,249	840.37	448.22	313.89
Common Stock	187	187	187	180
Additional Paid-In Capital	791.07	780.33	771.87	3.88
Retained Earnings	851.55	550.38	279.39	798.58
Comprehensive Income & Other	2.53	-0.76	-0.07	-
Total Common Equity	1,832	1,517	1,238	982.46
Minority Interest	-	-	1.44	1.37
Shareholders' Equity	1,832	1,517	1,240	983.83
Total Liabilities & Equity	3,081	2,357	1,688	1,298
Total Debt	307.33	191.76	144.45	104.87
Net Cash (Debt)	29.75	58.01	118.71	-0.64
Net Cash Growth	-48.72%	-51.13%	-	-
Net Cash Per Share	0.16	0.31	0.66	-
Filing Date Shares Outstanding	187	187	179.45	-
Total Common Shares Outstanding	187	187	179.45	-
Working Capital	1,194	1,054	936.38	764.52
Book Value Per Share	9.80	8.11	6.90	-
Tangible Book Value	1,771	1,480	1,229	973.71
Tangible Book Value Per Share	9.47	7.91	6.85	-
Buildings	335.77	144.21	102.86	93.52
Machinery	350.62	265.25	211.03	157.82
Construction In Progress	149	90.05	57.3	8.22