Baoding Technology 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	Dec '21 Dec 31, 2021
Cash & Equivalents	651.32	469.67	536.92	593.26	721.72	115.43
Trading Asset Securities	-	-	-	-	40	85
Cash & Short-Term Investments	651.32	469.67	536.92	593.26	761.72	200.43
Cash Growth	28.11%	-12.53%	-9.50%	-22.12%	280.03%	-59.29%
Accounts Receivable	1,881	1,474	1,271	1,486	1,589	92.34
Other Receivables	2.39	1.9	2.96	3.3	19.37	26.37
Receivables	1,883	1,476	1,274	1,489	1,609	118.71
Inventory	961.99	734.98	678.71	712.2	553.77	132.41
Prepaid Expenses	-	-	-	0.08	0.79	-
Other Current Assets	72.33	53.57	48.56	68.5	53.55	1.66
Total Current Assets	3,569	2,734	2,538	2,863	2,978	453.21
Property, Plant & Equipment	1,562	1,635	1,745	1,756	1,873	190.32
Long-Term Investments	84.85	85.41	91.21	92.51	131.35	101.98
Goodwill	-	-	2.34	83.21	238.46	-
Other Intangible Assets	322.28	335.41	358.5	404.05	418.47	30.92
Long-Term Deferred Tax Assets	75.68	75.82	58.55	59.84	57.87	7.28
Long-Term Deferred Charges	10.78	11.13	-	-	-	-
Other Long-Term Assets	19.77	20.47	23.88	37.89	27.68	-
Total Assets	5,644	4,897	4,817	5,296	5,725	783.72

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	Dec '21 Dec 31, 2021
Accounts Payable	1,003	587.79	493.99	854.45	848.83	42.8
Accrued Expenses	33.5	36.2	39.84	46.85	69.94	12.63
Short-Term Debt	1,336	1,251	1,274	1,090	696.56	-
Current Portion of Long-Term Debt	204.92	233	242.67	230.26	100.72	-
Current Portion of Leases	0.91	1.26	1.64	1.65	1.68	-
Current Income Taxes Payable	-	-	53.49	3.85	-	-
Current Unearned Revenue	14.75	3.49	2.1	17.18	29.39	23.96
Other Current Liabilities	480.35	373.83	360.53	329.03	534.14	7
Total Current Liabilities	3,074	2,486	2,468	2,573	2,281	86.39
Long-Term Debt	238.5	244	198	491.27	373.67	-
Long-Term Leases	4.15	4.44	7.3	7.04	7.45	-
Long-Term Unearned Revenue	11.49	13.05	15	18.34	20.82	5.91
Long-Term Deferred Tax Liabilities	46.03	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	3,411	2,834	2,785	3,204	2,839	107.21

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	Dec '21 Dec 31, 2021
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	634.25	498.28	448.76	258.32	92.73	-38.46
Comprehensive Income & Other	3.74	-0.46	-270.12	-277.8	-0.28	-
Total Common Equity	1,638	1,498	1,448	1,524	2,359	676.51
Minority Interest	595.07	565.03	583.73	568.16	527.33	-
Shareholders' Equity	2,233	2,063	2,032	2,093	2,886	676.51
Total Liabilities & Equity	5,644	4,897	4,817	5,296	5,725	783.72

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	Dec '21 Dec 31, 2021
Total Debt	1,785	1,733	1,724	1,820	1,180	-
Net Cash (Debt)	-1,133	-1,264	-1,187	-1,227	-418.36	200.43
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.02	-3.15	-2.83	-2.85	-1.06	0.63
Filing Date Shares Outstanding	387.99	387.99	408.54	427.96	435.61	306.23
Total Common Shares Outstanding	387.99	387.99	408.54	427.96	435.61	306.23
Working Capital	495.43	247.76	69.5	289.46	697.16	366.82
Book Value Per Share	4.22	3.86	3.55	3.56	5.41	2.21
Tangible Book Value	1,316	1,162	1,088	1,037	1,702	645.59
Tangible Book Value Per Share	3.39	3.00	2.66	2.42	3.91	2.11
Buildings	723.49	723.43	718.81	861.49	854.78	185.59
Machinery	2,656	2,581	2,455	2,399	2,466	389.93
Construction In Progress	9.71	65.48	131.36	142.54	211.99	-