Shenzhen Infinova Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	83.98	109	185.4	312.34	498.37	1,181
Trading Asset Securities	-	-	-	-	355.9	-
Cash & Short-Term Investments	83.98	109	185.4	312.34	854.27	1,181
Cash Growth	-17.00%	-41.21%	-40.64%	-63.44%	-27.67%	96.58%
Accounts Receivable	248.57	522.29	666.83	1,094	1,707	2,016
Other Receivables	74.49	83.67	118.3	217.44	223.06	280.26
Receivables	323.07	605.95	785.13	1,312	1,930	2,296
Inventory	153.56	196.15	222.14	292.27	353.31	534.11
Other Current Assets	344.49	187.63	190.99	284.22	251.89	386.5
Total Current Assets	905.09	1,099	1,384	2,201	3,390	4,398
Property, Plant & Equipment	274.72	284.55	318	319.37	239.85	204.34
Long-Term Investments	-	0.21	0.47	7.58	73.32	83.32
Goodwill	0.4	0.4	0.4	0.4	-	-
Other Intangible Assets	35.52	43.65	61.43	82.72	103.33	123.78
Long-Term Accounts Receivable	-	42.61	80.28	184.7	222.89	866.35
Long-Term Deferred Tax Assets	24.77	24.36	43.5	54.51	86.28	205.18
Long-Term Deferred Charges	0.54	1.34	1.62	7.74	11.37	28.8
Other Long-Term Assets	178.26	152.59	149.86	157.73	177.2	173.47
Total Assets	1,419	1,648	2,039	3,015	4,304	6,083

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Accounts Payable	563.48	660.07	658.82	982.61	1,108	1,501
Accrued Expenses	30.21	42.06	53.87	71.15	102.79	122.91
Short-Term Debt	571.55	496.62	266.52	402.65	677.53	867.47
Current Portion of Long-Term Debt	-	-	335.1	57.24	595.75	303.98
Current Portion of Leases	-	0.03	5.59	8.14	14.45	34.8
Current Income Taxes Payable	-	1.21	4.11	0.46	7.47	11.35
Current Unearned Revenue	90.83	117.89	75.81	164.05	117.71	150.04
Other Current Liabilities	303.98	227.09	314	360.91	251.88	252.16
Total Current Liabilities	1,560	1,545	1,714	2,047	2,876	3,244
Long-Term Debt	107.43	187.66	107	418.17	202.4	317.8
Long-Term Leases	-	-	0.27	5.58	8.56	17.14
Long-Term Deferred Tax Liabilities	4.61	3.32	20.28	28.71	48.65	133.55
Other Long-Term Liabilities	64.32	47.43	42.64	34.39	3.65	49.88
Total Liabilities	1,736	1,783	1,884	2,534	3,139	3,762

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Common Stock	1,199	1,199	1,199	1,199	1,199	1,199
Additional Paid-In Capital	2,390	2,380	2,380	2,299	2,299	2,299
Retained Earnings	-3,957	-3,755	-3,465	-3,061	-2,376	-1,207
Comprehensive Income & Other	71.37	64.07	61.79	63.87	60	37.29
Total Common Equity	-296.75	-112.73	175.41	499.91	1,181	2,328
Minority Interest	-20.35	-22.2	-20.18	-18.63	-16.35	-7.63
Shareholders' Equity	-317.11	-134.93	155.23	481.28	1,165	2,321
Total Liabilities & Equity	1,419	1,648	2,039	3,015	4,304	6,083

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Total Debt	678.97	684.31	714.48	891.77	1,499	1,541
Net Cash (Debt)	-595	-575.31	-529.08	-579.43	-644.43	-360.06
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.50	-0.48	-0.44	-0.48	-0.54	-0.30
Filing Date Shares Outstanding	1,198	1,199	1,199	1,199	1,199	1,199
Total Common Shares Outstanding	1,198	1,199	1,199	1,199	1,199	1,199
Working Capital	-654.96	-446.24	-330.16	153.38	513.96	1,154
Book Value Per Share	-0.25	-0.09	0.15	0.42	0.99	1.94
Tangible Book Value	-332.67	-156.78	113.57	416.79	1,078	2,204
Tangible Book Value Per Share	-0.28	-0.13	0.09	0.35	0.90	1.84
Buildings	-	300.79	339.04	125.7	103.56	103.56
Machinery	-	102.29	101.73	114.68	130.41	132.54
Construction In Progress	-	-	-	216.19	141.28	75.12