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 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	772.16	1,050	760.11	547.65	823.31	823.43
Short-Term Investments	-	1.24	4.19	5.2	5.25	-
Trading Asset Securities	441.87	127.31	210	380.6	285.18	553.05
Cash & Short-Term Investments	1,214	1,178	974.29	933.45	1,114	1,376
Cash Growth	5.46%	20.93%	4.38%	-16.19%	-19.09%	0.88%
Accounts Receivable	627.27	671.07	632.67	585.53	480.81	272.06
Other Receivables	10.65	0.16	0.1	0.13	1.06	1.93
Receivables	637.92	685.14	639.17	587.17	482.59	273.99
Inventory	1,403	1,340	1,310	1,249	1,016	730.58
Other Current Assets	188.27	187.71	205.61	209.86	183.87	130.69
Total Current Assets	3,443	3,391	3,129	2,980	2,797	2,512
Property, Plant & Equipment	959.8	961.79	850.88	733.98	626.14	533.06
Long-Term Investments	284.86	303.7	292.88	207.42	178.49	157.7
Goodwill	31.89	31.89	24.36	24.36	24.36	-
Other Intangible Assets	105.34	108.01	110.19	52.3	50.7	52.26
Long-Term Deferred Tax Assets	43.59	46.4	33.72	34.26	25.84	23.01
Long-Term Deferred Charges	8.84	3.47	2.4	1.5	1.58	-
Other Long-Term Assets	60.19	24.18	44.71	78.76	83.3	29.4
Total Assets	4,938	4,871	4,488	4,112	3,787	3,307
Accounts Payable	598.15	695.68	439.93	331.71	320.13	273.6
Accrued Expenses	35.14	74.65	70.56	68.7	66.34	60.29
Short-Term Debt	951.8	775.53	705.57	489.69	406.8	210.08
Current Portion of Long-Term Debt	31.98	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	19.7	19.35	16.8	13.1	13.75	14.75
Current Unearned Revenue	23.88	24.27	12.95	18.07	7.06	16.37
Other Current Liabilities	50.73	49	50.37	73.87	54.99	55.34
Total Current Liabilities	1,711	1,671	1,659	1,011	1,180	631.5
Long-Term Debt	331.92	331.89	74.66	430.1	74.84	299.5
Long-Term Leases	8.57	6.08	1.7	2.08	0.81	0.04
Long-Term Unearned Revenue	30.47	31.17	33.37	19.35	22.34	25.43
Long-Term Deferred Tax Liabilities	39.52	40.15	37.01	36.65	23.65	16.95
Other Long-Term Liabilities	-	-	-	-	7.37	7.37
Total Liabilities	2,122	2,080	1,806	1,499	1,309	980.8
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	861.49	838.9	781.82	815.29	774.92	711.93
Comprehensive Income & Other	-9.25	-2.24	22.16	13.66	16.91	29.59
Total Common Equity	2,451	2,435	2,405	2,401	2,350	2,300
Minority Interest	365.27	355.6	277.04	212.33	128	26.25
Shareholders' Equity	2,816	2,791	2,682	2,613	2,478	2,326
Total Liabilities & Equity	4,938	4,871	4,488	4,112	3,787	3,307
Total Debt	1,324	1,146	1,145	937.24	792.98	510.7
Net Cash (Debt)	-110.25	32.32	-170.72	-3.79	320.76	865.78
Net Cash Growth	-	-	-	-	-62.95%	10.38%
Net Cash Per Share	-0.37	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	1,732	1,721	1,470	1,969	1,617	1,880
Book Value Per Share	8.29	8.24	8.17	8.23	8.05	7.88
Tangible Book Value	2,314	2,295	2,271	2,324	2,275	2,248
Tangible Book Value Per Share	7.83	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

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