Shenzhen Infinova 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	FY 2021
Period Ending	Mar '26 Mar 31, 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	84.98	109	185.4	312.34	498.37	1,181
Trading Asset Securities	-	-	-	-	355.9	-
Cash & Short-Term Investments	84.98	109	185.4	312.34	854.27	1,181
Cash Growth	-48.18%	-41.21%	-40.64%	-63.44%	-27.67%	96.58%
Accounts Receivable	292.59	522.29	666.83	1,094	1,707	2,016
Other Receivables	87.19	83.67	118.3	217.44	223.06	280.26
Receivables	379.79	605.95	785.13	1,312	1,930	2,296
Inventory	169.41	196.15	222.14	292.27	353.31	534.11
Other Current Assets	352.13	187.63	190.99	284.22	251.89	386.5
Total Current Assets	986.3	1,099	1,384	2,201	3,390	4,398
Property, Plant & Equipment	280.17	284.55	318	319.37	239.85	204.34
Long-Term Investments	0.18	0.21	0.47	7.58	73.32	83.32
Goodwill	0.4	0.4	0.4	0.4	-	-
Other Intangible Assets	41.79	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	23.14	24.36	43.5	54.51	86.28	205.18
Long-Term Deferred Charges	1.06	1.34	1.62	7.74	11.37	28.8
Other Long-Term Assets	181.61	152.59	149.86	157.73	177.2	173.47
Total Assets	1,515	1,648	2,039	3,015	4,304	6,083
Accounts Payable	605.88	660.07	658.82	982.61	1,108	1,501
Accrued Expenses	19.17	42.06	53.87	71.15	102.79	122.91
Short-Term Debt	490.29	496.62	266.52	402.65	677.53	867.47
Current Portion of Long-Term Debt	17.71	-	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	12.65	1.21	4.11	0.46	7.47	11.35
Current Unearned Revenue	108.1	117.89	75.81	164.05	117.71	150.04
Other Current Liabilities	188.24	227.09	314	360.91	251.88	252.16
Total Current Liabilities	1,442	1,545	1,714	2,047	2,876	3,244
Long-Term Debt	187.58	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	3.32	3.32	20.28	28.71	48.65	133.55
Other Long-Term Liabilities	33.87	47.43	42.64	34.39	3.65	49.88
Total Liabilities	1,667	1,783	1,884	2,534	3,139	3,762
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	-3,775	-3,755	-3,465	-3,061	-2,376	-1,207
Comprehensive Income & Other	65.3	64.07	61.79	63.87	60	37.29
Total Common Equity	-131.05	-112.73	175.41	499.91	1,181	2,328
Minority Interest	-21.12	-22.2	-20.18	-18.63	-16.35	-7.63
Shareholders' Equity	-152.16	-134.93	155.23	481.28	1,165	2,321
Total Liabilities & Equity	1,515	1,648	2,039	3,015	4,304	6,083
Total Debt	695.58	684.31	714.48	891.77	1,499	1,541
Net Cash (Debt)	-610.6	-575.31	-529.08	-579.43	-644.43	-360.06
Net Cash Per Share	-0.51	-0.48	-0.44	-0.48	-0.54	-0.30
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	-455.74	-446.24	-330.16	153.38	513.96	1,154
Book Value Per Share	-0.11	-0.09	0.15	0.42	0.99	1.94
Tangible Book Value	-173.23	-156.78	113.57	416.79	1,078	2,204
Tangible Book Value Per Share	-0.14	-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