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	Jun '26 Jun 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	100.39	109	185.4	312.34	498.37	1,181
Trading Asset Securities	-	-	-	-	355.9	-
Cash & Short-Term Investments	100.39	109	185.4	312.34	854.27	1,181
Cash Growth	-28.38%	-41.21%	-40.64%	-63.44%	-27.67%	96.58%
Accounts Receivable	273.06	522.29	666.83	1,094	1,707	2,016
Other Receivables	81.62	83.67	118.3	217.44	223.06	280.26
Receivables	354.68	605.95	785.13	1,312	1,930	2,296
Inventory	156.1	196.15	222.14	292.27	353.31	534.11
Other Current Assets	363.96	187.63	190.99	284.22	251.89	386.5
Total Current Assets	975.12	1,099	1,384	2,201	3,390	4,398
Property, Plant & Equipment	275.8	284.55	318	319.37	239.85	204.34
Long-Term Investments	0.09	0.21	0.47	7.58	73.32	83.32
Goodwill	0.4	0.4	0.4	0.4	-	-
Other Intangible Assets	38.12	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	24.58	24.36	43.5	54.51	86.28	205.18
Long-Term Deferred Charges	1.02	1.34	1.62	7.74	11.37	28.8
Other Long-Term Assets	172	152.59	149.86	157.73	177.2	173.47
Total Assets	1,487	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	Jun '26 Jun 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	597.1	660.07	658.82	982.61	1,108	1,501
Accrued Expenses	16.51	42.06	53.87	71.15	102.79	122.91
Short-Term Debt	540.83	496.62	266.52	402.65	677.53	867.47
Current Portion of Long-Term Debt	96.31	-	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	10.14	1.21	4.11	0.46	7.47	11.35
Current Unearned Revenue	96.98	117.89	75.81	164.05	117.71	150.04
Other Current Liabilities	188.72	227.09	314	360.91	251.88	252.16
Total Current Liabilities	1,547	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	3.26	3.32	20.28	28.71	48.65	133.55
Other Long-Term Liabilities	67.79	47.43	42.64	34.39	3.65	49.88
Total Liabilities	1,725	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	Jun '26 Jun 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	2,380	2,380	2,380	2,299	2,299	2,299
Retained Earnings	-3,866	-3,755	-3,465	-3,061	-2,376	-1,207
Comprehensive Income & Other	69.84	64.07	61.79	63.87	60	37.29
Total Common Equity	-217.33	-112.73	175.41	499.91	1,181	2,328
Minority Interest	-20.61	-22.2	-20.18	-18.63	-16.35	-7.63
Shareholders' Equity	-237.95	-134.93	155.23	481.28	1,165	2,321
Total Liabilities & Equity	1,487	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	Jun '26 Jun 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	744.57	684.31	714.48	891.77	1,499	1,541
Net Cash (Debt)	-644.19	-575.31	-529.08	-579.43	-644.43	-360.06
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.54	-0.48	-0.44	-0.48	-0.54	-0.30
Filing Date Shares Outstanding	1,197	1,199	1,199	1,199	1,199	1,199
Total Common Shares Outstanding	1,197	1,199	1,199	1,199	1,199	1,199
Working Capital	-571.47	-446.24	-330.16	153.38	513.96	1,154
Book Value Per Share	-0.18	-0.09	0.15	0.42	0.99	1.94
Tangible Book Value	-255.85	-156.78	113.57	416.79	1,078	2,204
Tangible Book Value Per Share	-0.21	-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