Shenzhen Infinova 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	FY 2021
Period Ending	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	-	185.4	312.34	498.37	1,181
Trading Asset Securities	-	-	-	355.9	-
Cash & Short-Term Investments	101.17	185.4	312.34	854.27	1,181
Cash Growth	-45.43%	-40.64%	-63.44%	-27.67%	96.58%
Accounts Receivable	-	666.83	1,094	1,707	2,016
Other Receivables	-	118.3	217.44	223.06	280.26
Receivables	-	785.13	1,312	1,930	2,296
Inventory	-	222.14	292.27	353.31	534.11
Other Current Assets	-	190.99	284.22	251.89	386.5
Total Current Assets	-	1,384	2,201	3,390	4,398
Property, Plant & Equipment	-	318	319.37	239.85	204.34
Long-Term Investments	-	0.47	7.58	73.32	83.32
Goodwill	-	0.4	0.4	-	-
Other Intangible Assets	-	61.43	82.72	103.33	123.78
Long-Term Accounts Receivable	-	80.28	184.7	222.89	866.35
Long-Term Deferred Tax Assets	-	43.5	54.51	86.28	205.18
Long-Term Deferred Charges	-	1.62	7.74	11.37	28.8
Other Long-Term Assets	-	149.86	157.73	177.2	173.47
Total Assets	-	2,039	3,015	4,304	6,083
Accounts Payable	-	658.82	982.61	1,108	1,501
Accrued Expenses	-	53.87	71.15	102.79	122.91
Short-Term Debt	-	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	-	5.59	8.14	14.45	34.8
Current Income Taxes Payable	-	4.11	0.46	7.47	11.35
Current Unearned Revenue	-	75.81	164.05	117.71	150.04
Other Current Liabilities	-	314	360.91	251.88	252.16
Total Current Liabilities	-	1,714	2,047	2,876	3,244
Long-Term Debt	-	107	418.17	202.4	317.8
Long-Term Leases	-	0.27	5.58	8.56	17.14
Long-Term Deferred Tax Liabilities	-	20.28	28.71	48.65	133.55
Other Long-Term Liabilities	-	42.64	34.39	3.65	49.88
Total Liabilities	-	1,884	2,534	3,139	3,762
Common Stock	-	1,199	1,199	1,199	1,199
Additional Paid-In Capital	-	2,380	2,299	2,299	2,299
Retained Earnings	-	-3,465	-3,061	-2,376	-1,207
Comprehensive Income & Other	-	61.79	63.87	60	37.29
Total Common Equity	101.18	175.41	499.91	1,181	2,328
Minority Interest	-	-20.18	-18.63	-16.35	-7.63
Shareholders' Equity	79.4	155.23	481.28	1,165	2,321
Total Liabilities & Equity	-	2,039	3,015	4,304	6,083
Total Debt	706.34	714.48	891.77	1,499	1,541
Net Cash (Debt)	-605.17	-529.08	-579.43	-644.43	-360.06
Net Cash Per Share	-0.50	-0.44	-0.48	-0.54	-0.30
Filing Date Shares Outstanding	1,201	1,199	1,199	1,199	1,199
Total Common Shares Outstanding	1,201	1,199	1,199	1,199	1,199
Working Capital	-	-330.16	153.38	513.96	1,154
Book Value Per Share	0.08	0.15	0.42	0.99	1.94
Tangible Book Value	48.53	113.57	416.79	1,078	2,204
Tangible Book Value Per Share	0.04	0.09	0.35	0.90	1.84
Buildings	-	339.04	125.7	103.56	103.56
Machinery	-	101.73	114.68	130.41	132.54
Construction In Progress	-	-	216.19	141.28	75.12

Source: S&P Global Market Intelligence. Standard template. Financial Sources.