Xingye Leather 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	773.32	1,050	760.11	547.65	823.31	823.43
Short-Term Investments	-	1.24	4.19	5.2	5.25	-
Trading Asset Securities	369.43	127.31	210	380.6	285.18	553.05
Cash & Short-Term Investments	1,143	1,178	974.29	933.45	1,114	1,376
Cash Growth	-1.24%	20.93%	4.38%	-16.19%	-19.09%	0.88%
Accounts Receivable	586.09	671.07	632.67	585.53	480.81	272.06
Other Receivables	6.36	0.16	0.1	0.13	1.06	1.93
Receivables	592.45	685.14	639.17	587.17	482.59	273.99
Inventory	1,358	1,340	1,310	1,249	1,016	730.58
Other Current Assets	208.06	187.71	205.61	209.86	183.87	130.69
Total Current Assets	3,301	3,391	3,129	2,980	2,797	2,512
Property, Plant & Equipment	952.91	961.79	850.88	733.98	626.14	533.06
Long-Term Investments	297.67	303.7	292.88	207.42	178.49	157.7
Goodwill	31.89	31.89	24.36	24.36	24.36	-
Other Intangible Assets	100.79	108.01	110.19	52.3	50.7	52.26
Long-Term Deferred Tax Assets	46.62	46.4	33.72	34.26	25.84	23.01
Long-Term Deferred Charges	8.15	3.47	2.4	1.5	1.58	-
Other Long-Term Assets	40.94	24.18	44.71	78.76	83.3	29.4
Total Assets	4,780	4,871	4,488	4,112	3,787	3,307

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	577.26	695.68	439.93	331.71	320.13	273.6
Accrued Expenses	37.44	74.65	70.56	68.7	66.34	60.29
Short-Term Debt	840.01	775.53	705.57	489.69	406.8	210.08
Current Portion of Long-Term Debt	32.38	28.91	360.32	12.12	306.87	-
Current Portion of Leases	-	3.5	2.76	3.26	3.65	1.07
Current Income Taxes Payable	17.45	19.35	16.8	13.1	13.75	14.75
Current Unearned Revenue	29.88	24.27	12.95	18.07	7.06	16.37
Other Current Liabilities	69.54	49	50.37	73.87	54.99	55.34
Total Current Liabilities	1,604	1,671	1,659	1,011	1,180	631.5
Long-Term Debt	327.67	331.89	74.66	430.1	74.84	299.5
Long-Term Leases	9.77	6.08	1.7	2.08	0.81	0.04
Long-Term Unearned Revenue	29.77	31.17	33.37	19.35	22.34	25.43
Long-Term Deferred Tax Liabilities	37.29	40.15	37.01	36.65	23.65	16.95
Other Long-Term Liabilities	-	-	-	-	7.37	7.37
Total Liabilities	2,008	2,080	1,806	1,499	1,309	980.8

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	295.55	295.55	294.57	291.86	291.86	291.86
Additional Paid-In Capital	1,303	1,303	1,307	1,280	1,267	1,267
Retained Earnings	881.59	838.9	781.82	815.29	774.92	711.93
Comprehensive Income & Other	-42.55	-2.24	22.16	13.66	16.91	29.59
Total Common Equity	2,438	2,435	2,405	2,401	2,350	2,300
Minority Interest	333.91	355.6	277.04	212.33	128	26.25
Shareholders' Equity	2,771	2,791	2,682	2,613	2,478	2,326
Total Liabilities & Equity	4,780	4,871	4,488	4,112	3,787	3,307

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	1,210	1,146	1,145	937.24	792.98	510.7
Net Cash (Debt)	-67.08	32.32	-170.72	-3.79	320.76	865.78
Net Cash Growth	-	-	-	-	-62.95%	10.38%
Net Cash Per Share	-0.23	0.11	-0.58	-0.01	1.10	2.97
Filing Date Shares Outstanding	295.55	295.55	294.57	291.86	291.86	291.86
Total Common Shares Outstanding	295.55	295.55	294.57	291.86	291.86	291.86
Working Capital	1,697	1,721	1,470	1,969	1,617	1,880
Book Value Per Share	8.25	8.24	8.17	8.23	8.05	7.88
Tangible Book Value	2,305	2,295	2,271	2,324	2,275	2,248
Tangible Book Value Per Share	7.80	7.77	7.71	7.96	7.80	7.70
Buildings	-	836.45	615.39	581.74	468.5	441.54
Machinery	-	835.22	751.82	699.11	622.26	522.31
Construction In Progress	-	16.71	152.64	62.72	93.48	52.49