Baoding Technology 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	434.28	536.92	593.26	721.72	115.43	492.36
Trading Asset Securities	-	-	-	40	85	-
Cash & Short-Term Investments	434.28	536.92	593.26	761.72	200.43	492.36
Cash Growth	-30.11%	-9.50%	-22.12%	280.03%	-59.29%	397.41%
Accounts Receivable	1,383	1,271	1,486	1,589	92.34	1,158
Other Receivables	3.55	14.73	11.98	19.37	26.37	9.2
Receivables	1,386	1,285	1,498	1,609	118.71	1,168
Inventory	787.54	678.71	712.2	553.77	132.41	310.59
Prepaid Expenses	-	-	0.08	0.79	-	-
Other Current Assets	78.27	36.79	59.82	53.55	1.66	26.71
Total Current Assets	2,687	2,538	2,863	2,978	453.21	1,997
Property, Plant & Equipment	1,697	1,745	1,756	1,873	190.32	1,003
Long-Term Investments	90.51	91.21	92.51	131.35	101.98	9.44
Goodwill	2.34	2.34	83.21	238.46	-	17.78
Other Intangible Assets	344.68	358.5	404.05	418.47	30.92	161.75
Long-Term Accounts Receivable	-	-	-	-	-	0.33
Long-Term Deferred Tax Assets	58.03	58.55	59.84	57.87	7.28	57.52
Long-Term Deferred Charges	-	-	-	-	-	0.26
Other Long-Term Assets	23.31	23.88	37.89	27.68	-	39.19
Total Assets	4,902	4,817	5,296	5,725	783.72	3,286
Accounts Payable	450.4	493.99	854.45	848.83	42.8	349.9
Accrued Expenses	26.5	39.84	46.85	69.94	12.63	31.23
Short-Term Debt	1,418	1,274	1,090	696.56	-	1,119
Current Portion of Long-Term Debt	176.03	242.67	230.26	100.72	-	100.15
Current Portion of Leases	-	1.64	1.65	1.68	-	-
Current Income Taxes Payable	7.75	53.49	3.85	-	-	1.81
Current Unearned Revenue	4.34	2.1	17.18	29.39	23.96	10.45
Other Current Liabilities	421.06	360.53	329.03	534.14	7	358.1
Total Current Liabilities	2,504	2,468	2,573	2,281	86.39	1,971
Long-Term Debt	297.5	198	491.27	373.67	-	220.31
Long-Term Leases	5.22	7.3	7.04	7.45	-	-
Long-Term Unearned Revenue	13.22	15	18.34	20.82	5.91	36.2
Long-Term Deferred Tax Liabilities	52.66	57.27	66.19	77.8	-	8.33
Other Long-Term Liabilities	39.31	39.31	47.3	78	14.9	402.58
Total Liabilities	2,912	2,785	3,204	2,839	107.21	2,639
Common Stock	387.99	408.54	427.96	435.61	306.23	77.08
Additional Paid-In Capital	612.05	861.19	1,116	1,831	408.74	740.03
Retained Earnings	425.85	448.76	258.32	92.73	-38.46	-165.83
Comprehensive Income & Other	0.21	-270.12	-277.8	-0.28	-	-3.3
Total Common Equity	1,426	1,448	1,524	2,359	676.51	647.99
Minority Interest	564.06	583.73	568.16	527.33	-	-
Shareholders' Equity	1,990	2,032	2,093	2,886	676.51	647.99
Total Liabilities & Equity	4,902	4,817	5,296	5,725	783.72	3,286
Total Debt	1,897	1,724	1,820	1,180	-	1,440
Net Cash (Debt)	-1,462	-1,187	-1,227	-418.36	200.43	-947.56
Net Cash Per Share	-3.60	-2.83	-2.85	-1.06	0.63	-2.50
Filing Date Shares Outstanding	387.99	408.54	427.96	435.61	306.23	306.23
Total Common Shares Outstanding	387.99	408.54	427.96	435.61	306.23	306.23
Working Capital	182.51	69.5	289.46	697.16	366.82	26.4
Book Value Per Share	3.68	3.55	3.56	5.41	2.21	2.12
Tangible Book Value	1,079	1,088	1,037	1,702	645.59	468.46
Tangible Book Value Per Share	2.78	2.66	2.42	3.91	2.11	1.53
Buildings	-	718.81	861.49	854.78	185.59	351.31
Machinery	-	2,455	2,530	2,466	389.93	1,326
Construction In Progress	-	131.36	142.54	211.99	-	101.19

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