Beijing Victory Electric 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
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
Cash & Equivalents	221.21	337.08	249.77	263.16	100.23
Trading Asset Securities	21.62	-	-	-	4
Cash & Short-Term Investments	242.83	337.08	249.77	263.16	104.23
Cash Growth	132.97%	34.96%	-5.09%	152.48%	-
Accounts Receivable	1,284	1,439	1,167	764.31	627.4
Other Receivables	7.5	62.31	40.2	6.95	5.67
Receivables	1,291	1,501	1,208	771.26	633.07
Inventory	527.32	405.07	360.42	263.44	270.66
Other Current Assets	140.33	39.72	33	40.79	48.69
Total Current Assets	2,202	2,283	1,851	1,339	1,057
Property, Plant & Equipment	708.72	681.66	390.81	282.44	168.79
Other Intangible Assets	59.97	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	23.14	26	27.71	28.53	20.74
Long-Term Deferred Charges	7.67	6.7	7.12	9.88	6.47
Other Long-Term Assets	13.66	6.32	35.68	8	23.56
Total Assets	3,015	3,081	2,357	1,688	1,298
Accounts Payable	553.81	723.18	461.68	182.07	124.02
Accrued Expenses	33.98	62.03	54.79	36.87	37.66
Short-Term Debt	111	131.43	140.28	100.05	77.33
Current Portion of Long-Term Debt	34.61	18.52	0.09	-	-
Current Portion of Leases	-	18.26	20.42	11.91	10.47
Current Income Taxes Payable	12.2	19.26	10.49	1.83	2.08
Current Unearned Revenue	7.7	3.59	9.56	9.51	1.54
Other Current Liabilities	179.46	112.33	99.86	60.03	39.02
Total Current Liabilities	932.77	1,089	797.17	402.27	292.12
Long-Term Debt	136.9	119.96	0.21	-	-
Long-Term Leases	24.99	19.16	30.75	32.49	17.08
Long-Term Unearned Revenue	27.12	15.69	4.77	5.91	-
Long-Term Deferred Tax Liabilities	5.7	5.87	7.47	7.55	4.7
Total Liabilities	1,127	1,249	840.37	448.22	313.89
Common Stock	187	187	187	187	180
Additional Paid-In Capital	796.66	791.07	780.33	771.87	3.88
Retained Earnings	900.7	851.55	550.38	279.39	798.58
Comprehensive Income & Other	2.86	2.53	-0.76	-0.07	-
Total Common Equity	1,887	1,832	1,517	1,238	982.46
Minority Interest	-	-	-	1.44	1.37
Shareholders' Equity	1,887	1,832	1,517	1,240	983.83
Total Liabilities & Equity	3,015	3,081	2,357	1,688	1,298
Total Debt	307.51	307.33	191.76	144.45	104.87
Net Cash (Debt)	-64.68	29.75	58.01	118.71	-0.64
Net Cash Growth	-	-48.72%	-51.13%	-	-
Net Cash Per Share	-0.35	0.16	0.31	0.66	-
Filing Date Shares Outstanding	187	187	187	179.45	-
Total Common Shares Outstanding	187	187	187	179.45	-
Working Capital	1,269	1,194	1,054	936.38	764.52
Book Value Per Share	10.09	9.80	8.11	6.90	-
Tangible Book Value	1,827	1,771	1,480	1,229	973.71
Tangible Book Value Per Share	9.77	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