Shenzhen Infinova 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	101.17	185.4	312.34	498.37	1,181	561.33
Trading Asset Securities	-	-	-	355.9	-	39.5
Cash & Short-Term Investments	101.17	185.4	312.34	854.27	1,181	600.83
Cash Growth	-49.67%	-40.64%	-63.44%	-27.67%	96.58%	-29.66%
Accounts Receivable	652.27	666.83	1,094	1,707	2,016	2,575
Other Receivables	118.34	118.3	217.44	223.06	280.26	245.08
Receivables	770.61	785.13	1,312	1,930	2,296	2,820
Inventory	237.62	222.14	292.27	353.31	534.11	650.98
Other Current Assets	189.25	190.99	284.22	251.89	386.5	397.17
Total Current Assets	1,299	1,384	2,201	3,390	4,398	4,469
Property, Plant & Equipment	307.15	318	319.37	239.85	204.34	177.51
Long-Term Investments	0.44	0.47	7.58	73.32	83.32	84.35
Goodwill	0.4	0.4	0.4	-	-	1,028
Other Intangible Assets	52.25	61.43	82.72	103.33	123.78	220.38
Long-Term Accounts Receivable	43.86	80.28	184.7	222.89	866.35	1,330
Long-Term Deferred Tax Assets	42.96	43.5	54.51	86.28	205.18	316.16
Long-Term Deferred Charges	1.75	1.62	7.74	11.37	28.8	28.03
Other Long-Term Assets	143.95	149.86	157.73	177.2	173.47	86.29
Total Assets	1,891	2,039	3,015	4,304	6,083	7,740
Accounts Payable	637.14	658.82	982.61	1,108	1,501	1,422
Accrued Expenses	34.31	53.87	71.15	102.79	122.91	119.36
Short-Term Debt	576.93	266.52	402.65	677.53	867.47	1,011
Current Portion of Long-Term Debt	23.02	335.1	57.24	595.75	303.98	225.03
Current Portion of Leases	-	5.59	8.14	14.45	34.8	22.81
Current Income Taxes Payable	5.33	4.11	0.46	7.47	11.35	31.38
Current Unearned Revenue	97.82	75.81	164.05	117.71	150.04	172.13
Other Current Liabilities	275.4	314	360.91	251.88	252.16	255.63
Total Current Liabilities	1,650	1,714	2,047	2,876	3,244	3,259
Long-Term Debt	106.21	107	418.17	202.4	317.8	401.98
Long-Term Leases	0.18	0.27	5.58	8.56	17.14	18.52
Long-Term Deferred Tax Liabilities	20.02	20.28	28.71	48.65	133.55	189.98
Other Long-Term Liabilities	35.67	42.64	34.39	3.65	49.88	70.34
Total Liabilities	1,812	1,884	2,534	3,139	3,762	3,940
Common Stock	1,199	1,199	1,199	1,199	1,199	1,199
Additional Paid-In Capital	2,380	2,380	2,299	2,299	2,299	2,303
Retained Earnings	-3,539	-3,465	-3,061	-2,376	-1,207	228.88
Comprehensive Income & Other	61.7	61.79	63.87	60	37.29	65.46
Total Common Equity	101.18	175.41	499.91	1,181	2,328	3,796
Minority Interest	-21.79	-20.18	-18.63	-16.35	-7.63	3.97
Shareholders' Equity	79.4	155.23	481.28	1,165	2,321	3,800
Total Liabilities & Equity	1,891	2,039	3,015	4,304	6,083	7,740
Total Debt	706.34	714.48	891.77	1,499	1,541	1,679
Net Cash (Debt)	-605.17	-529.08	-579.43	-644.43	-360.06	-1,079
Net Cash Per Share	-0.51	-0.44	-0.48	-0.54	-0.30	-0.90
Filing Date Shares Outstanding	1,199	1,199	1,199	1,199	1,199	1,199
Total Common Shares Outstanding	1,199	1,199	1,199	1,199	1,199	1,199
Working Capital	-351.28	-330.16	153.38	513.96	1,154	1,210
Book Value Per Share	0.08	0.15	0.42	0.99	1.94	3.17
Tangible Book Value	48.53	113.57	416.79	1,078	2,204	2,548
Tangible Book Value Per Share	0.04	0.09	0.35	0.90	1.84	2.13
Buildings	-	339.04	125.7	103.56	103.56	103.68
Machinery	-	101.73	114.68	130.41	132.54	216.93
Construction In Progress	-	-	216.19	141.28	75.12	50.61

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