Baoding Technology 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	Dec '21 Dec 31, 2021
Cash & Equivalents	578.8	469.67	536.92	593.26	721.72	115.43
Trading Asset Securities	-	-	-	-	40	85
Cash & Short-Term Investments	578.8	469.67	536.92	593.26	761.72	200.43
Cash Growth	-5.94%	-12.53%	-9.50%	-22.12%	280.03%	-59.29%
Accounts Receivable	1,585	1,474	1,271	1,486	1,589	92.34
Other Receivables	1.96	1.9	2.96	3.3	19.37	26.37
Receivables	1,587	1,476	1,274	1,489	1,609	118.71
Inventory	783.49	734.98	678.71	712.2	553.77	132.41
Prepaid Expenses	-	-	-	0.08	0.79	-
Other Current Assets	60.3	53.57	48.56	68.5	53.55	1.66
Total Current Assets	3,010	2,734	2,538	2,863	2,978	453.21
Property, Plant & Equipment	1,599	1,635	1,745	1,756	1,873	190.32
Long-Term Investments	84.28	85.41	91.21	92.51	131.35	101.98
Goodwill	-	-	2.34	83.21	238.46	-
Other Intangible Assets	328.84	335.41	358.5	404.05	418.47	30.92
Long-Term Deferred Tax Assets	75.73	75.82	58.55	59.84	57.87	7.28
Long-Term Deferred Charges	10.88	11.13	-	-	-	-
Other Long-Term Assets	21.2	20.47	23.88	37.89	27.68	-
Total Assets	5,129	4,897	4,817	5,296	5,725	783.72
Accounts Payable	706.17	587.79	493.99	854.45	848.83	42.8
Accrued Expenses	16.14	36.2	39.84	46.85	69.94	12.63
Short-Term Debt	1,320	1,251	1,274	1,090	696.56	-
Current Portion of Long-Term Debt	162.39	233	242.67	230.26	100.72	-
Current Portion of Leases	-	1.26	1.64	1.65	1.68	-
Current Income Taxes Payable	12.89	-	53.49	3.85	-	-
Current Unearned Revenue	6.05	3.49	2.1	17.18	29.39	23.96
Other Current Liabilities	380.15	373.83	360.53	329.03	534.14	7
Total Current Liabilities	2,604	2,486	2,468	2,573	2,281	86.39
Long-Term Debt	285.8	244	198	491.27	373.67	-
Long-Term Leases	4.3	4.44	7.3	7.04	7.45	-
Long-Term Unearned Revenue	12.27	13.05	15	18.34	20.82	5.91
Long-Term Deferred Tax Liabilities	47.53	49.04	57.27	66.19	77.8	-
Other Long-Term Liabilities	37.69	37.59	39.31	47.3	78	14.9
Total Liabilities	2,991	2,834	2,785	3,204	2,839	107.21
Common Stock	387.99	387.99	408.54	427.96	435.61	306.23
Additional Paid-In Capital	612.05	612.05	861.19	1,116	1,831	408.74
Retained Earnings	564.32	498.28	448.76	258.32	92.73	-38.46
Comprehensive Income & Other	1.6	-0.46	-270.12	-277.8	-0.28	-
Total Common Equity	1,566	1,498	1,448	1,524	2,359	676.51
Minority Interest	572.06	565.03	583.73	568.16	527.33	-
Shareholders' Equity	2,138	2,063	2,032	2,093	2,886	676.51
Total Liabilities & Equity	5,129	4,897	4,817	5,296	5,725	783.72
Total Debt	1,772	1,733	1,724	1,820	1,180	-
Net Cash (Debt)	-1,194	-1,264	-1,187	-1,227	-418.36	200.43
Net Cash Per Share	-3.10	-3.15	-2.83	-2.85	-1.06	0.63
Filing Date Shares Outstanding	388.51	387.99	408.54	427.96	435.61	306.23
Total Common Shares Outstanding	388.51	387.99	408.54	427.96	435.61	306.23
Working Capital	406.01	247.76	69.5	289.46	697.16	366.82
Book Value Per Share	4.03	3.86	3.55	3.56	5.41	2.21
Tangible Book Value	1,237	1,162	1,088	1,037	1,702	645.59
Tangible Book Value Per Share	3.18	3.00	2.66	2.42	3.91	2.11
Buildings	-	723.43	718.81	861.49	854.78	185.59
Machinery	-	2,581	2,455	2,399	2,466	389.93
Construction In Progress	-	65.48	131.36	142.54	211.99	-

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