Valiant Co.,Ltd 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	1,413	1,158	1,005	737.95	980.93	779.04
Trading Asset Securities	-	60.1	230.08	516.61	206.04	574.6
Cash & Short-Term Investments	1,413	1,218	1,235	1,255	1,187	1,354
Cash Growth	17.08%	-1.39%	-1.53%	5.69%	-12.31%	29.18%
Accounts Receivable	783.38	568.75	580.37	621.56	463.81	386.12
Other Receivables	14.54	12.72	36.44	35.55	18.78	89.04
Receivables	797.92	581.47	616.81	657.11	482.59	475.16
Inventory	1,622	1,748	1,796	1,957	1,967	1,505
Prepaid Expenses	-	-	16.3	39.93	3.99	13.24
Other Current Assets	172.39	176.79	125.95	99.8	139.59	171.1
Total Current Assets	4,006	3,725	3,790	4,009	3,781	3,518
Property, Plant & Equipment	5,270	5,250	4,890	4,470	3,963	3,160
Long-Term Investments	169.97	170.5	175.45	18.57	20.91	21.06
Goodwill	612.04	621.67	674.38	704.4	692.7	634.38
Other Intangible Assets	425.49	430.83	448.49	464.36	466.37	401.14
Long-Term Deferred Tax Assets	132.01	132.38	121.04	114.75	119.68	78.35
Long-Term Deferred Charges	34.57	35.16	32.1	33.86	41.56	24.79
Other Long-Term Assets	359.97	380.61	459.35	319.98	181.27	37.42
Total Assets	11,010	10,745	10,591	10,135	9,266	7,876
Accounts Payable	503.39	578.38	476.73	595.31	937.1	669.84
Accrued Expenses	125.62	198.39	140.49	130.14	195.07	175.63
Short-Term Debt	332.73	202.86	240.09	29.92	140.13	327.48
Current Portion of Long-Term Debt	259.58	208.64	129.04	302.94	302.04	11.42
Current Portion of Leases	-	-	6.65	10.09	14.53	9.24
Current Income Taxes Payable	36.63	25.67	14.28	18.12	109.77	34.27
Current Unearned Revenue	102.04	38.7	48.88	51.46	64.71	139.15
Other Current Liabilities	143.65	137.82	271.26	184.77	253.05	50.8
Total Current Liabilities	1,504	1,390	1,327	1,323	2,016	1,418
Long-Term Debt	1,386	1,274	1,352	1,004	345.24	337.58
Long-Term Leases	26.44	26.62	24.46	27.45	35.86	26.52
Long-Term Unearned Revenue	51.66	54.19	60.9	60.27	62.38	48.83
Long-Term Deferred Tax Liabilities	44.44	44.81	47.99	51.96	16.41	11.11
Other Long-Term Liabilities	6.34	6.58	6.32	6.04	5.39	4.77
Total Liabilities	3,018	2,797	2,819	2,472	2,482	1,847
Common Stock	922.96	922.96	930.11	930.11	930.13	930.34
Additional Paid-In Capital	2,528	2,528	2,585	2,614	2,494	2,410
Retained Earnings	3,743	3,655	3,463	3,495	3,007	2,523
Treasury Stock	-100.09	-60.37	-63.82	-129.66	-200	-207.36
Comprehensive Income & Other	57.53	89.57	95.77	82.77	55.14	-42.41
Total Common Equity	7,151	7,135	7,009	6,992	6,286	5,614
Minority Interest	840.69	813.42	762.71	669.82	497.96	415.37
Shareholders' Equity	7,992	7,948	7,772	7,662	6,784	6,029
Total Liabilities & Equity	11,010	10,745	10,591	10,135	9,266	7,876
Total Debt	2,004	1,712	1,752	1,374	837.79	712.24
Net Cash (Debt)	-591.3	-494.04	-516.55	-119.84	349.18	641.41
Net Cash Growth	-	-	-	-	-45.56%	23.54%
Net Cash Per Share	-0.65	-0.54	-0.55	-0.13	0.38	0.71
Filing Date Shares Outstanding	878.27	892.21	930.11	930.11	930.13	930.34
Total Common Shares Outstanding	878.27	892.21	930.11	930.11	930.13	930.34
Working Capital	2,502	2,334	2,463	2,686	1,764	2,101
Book Value Per Share	8.14	8.00	7.54	7.52	6.76	6.03
Tangible Book Value	6,114	6,083	5,887	5,824	5,127	4,578
Tangible Book Value Per Share	6.96	6.82	6.33	6.26	5.51	4.92
Land	-	-	60.72	60.54	59.3	16.29
Buildings	-	-	1,971	1,897	1,830	1,539
Machinery	-	-	3,387	3,251	3,056	2,632
Construction In Progress	-	-	1,996	1,396	769.78	512.7

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