Xingye Leather 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	1,064	760.11	547.65	823.31	823.43	1,302
Short-Term Investments	-	4.19	5.2	5.25	-	-
Trading Asset Securities	155.09	210	380.6	285.18	553.05	62.5
Cash & Short-Term Investments	1,220	974.29	933.45	1,114	1,376	1,364
Cash Growth	35.68%	4.38%	-16.19%	-19.09%	0.88%	5.95%
Accounts Receivable	484.98	632.67	585.53	480.81	272.06	383.26
Other Receivables	20.55	0.1	0.13	1.06	1.93	1.89
Receivables	505.53	639.17	587.17	482.59	273.99	385.15
Inventory	1,470	1,310	1,249	1,016	730.58	511.18
Other Current Assets	149.91	205.61	209.86	183.87	130.69	65.14
Total Current Assets	3,345	3,129	2,980	2,797	2,512	2,326
Property, Plant & Equipment	916.55	850.88	733.98	626.14	533.06	516.84
Long-Term Investments	270.55	292.88	207.42	178.49	157.7	162.57
Goodwill	31.99	24.36	24.36	24.36	-	-
Other Intangible Assets	109.59	110.19	52.3	50.7	52.26	55.23
Long-Term Deferred Tax Assets	43.51	33.72	34.26	25.84	23.01	13.28
Long-Term Deferred Charges	2.97	2.4	1.5	1.58	-	0.09
Other Long-Term Assets	50.37	44.71	78.76	83.3	29.4	15.14
Total Assets	4,771	4,488	4,112	3,787	3,307	3,089
Accounts Payable	561.22	439.93	331.71	320.13	273.6	219.59
Accrued Expenses	49.93	70.56	68.7	66.34	60.29	61.24
Short-Term Debt	938.92	705.57	489.69	406.8	210.08	580.13
Current Portion of Long-Term Debt	11.54	360.32	12.12	306.87	-	-
Current Portion of Leases	-	2.76	3.26	3.65	1.07	-
Current Income Taxes Payable	14.92	16.8	13.1	13.75	14.75	17.13
Current Unearned Revenue	22.26	12.95	18.07	7.06	16.37	6.88
Other Current Liabilities	39.57	50.37	73.87	54.99	55.34	25.94
Total Current Liabilities	1,638	1,659	1,011	1,180	631.5	910.91
Long-Term Debt	338.84	74.66	430.1	74.84	299.5	-
Long-Term Leases	3.07	1.7	2.08	0.81	0.04	-
Long-Term Unearned Revenue	31.97	33.37	19.35	22.34	25.43	19.46
Long-Term Deferred Tax Liabilities	37.31	37.01	36.65	23.65	16.95	16.12
Other Long-Term Liabilities	-	-	-	7.37	7.37	-
Total Liabilities	2,050	1,806	1,499	1,309	980.8	946.49
Common Stock	295.55	294.57	291.86	291.86	291.86	291.86
Additional Paid-In Capital	1,313	1,307	1,280	1,267	1,267	1,267
Retained Earnings	777.14	781.82	815.29	774.92	711.93	530.62
Comprehensive Income & Other	15.4	22.16	13.66	16.91	29.59	43.3
Total Common Equity	2,401	2,405	2,401	2,350	2,300	2,133
Minority Interest	320.05	277.04	212.33	128	26.25	10.05
Shareholders' Equity	2,721	2,682	2,613	2,478	2,326	2,143
Total Liabilities & Equity	4,771	4,488	4,112	3,787	3,307	3,089
Total Debt	1,292	1,145	937.24	792.98	510.7	580.13
Net Cash (Debt)	-72.81	-170.72	-3.79	320.76	865.78	784.33
Net Cash Growth	-	-	-	-62.95%	10.38%	-14.54%
Net Cash Per Share	-0.25	-0.58	-0.01	1.10	2.97	2.65
Filing Date Shares Outstanding	295.55	294.57	291.86	291.86	291.86	291.86
Total Common Shares Outstanding	295.55	294.57	291.86	291.86	291.86	291.86
Working Capital	1,707	1,470	1,969	1,617	1,880	1,415
Book Value Per Share	8.12	8.17	8.23	8.05	7.88	7.31
Tangible Book Value	2,259	2,271	2,324	2,275	2,248	2,077
Tangible Book Value Per Share	7.64	7.71	7.96	7.80	7.70	7.12
Buildings	-	615.39	581.74	468.5	441.54	422.35
Machinery	-	751.82	699.11	622.26	522.31	499.37
Construction In Progress	-	152.64	62.72	93.48	52.49	34.94

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