Baiyang Investment Group 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	406.37	455.14	620.49	317.53	249.55	412.62
Trading Asset Securities	-	-	-	15	-	-
Cash & Short-Term Investments	406.37	455.14	620.49	332.53	249.55	412.62
Cash Growth	-34.67%	-26.65%	86.60%	33.25%	-39.52%	-5.24%
Accounts Receivable	730.64	555.35	519.49	619.32	656.73	444.05
Other Receivables	19.61	7.69	5.99	10.26	46.24	32.55
Receivables	750.26	563.05	525.48	629.58	702.97	476.61
Inventory	938.51	545.29	399.02	478.19	398.28	393.46
Prepaid Expenses	-	-	-	-	3.47	0.11
Other Current Assets	151.78	127.78	60.05	73.56	27.1	161.98
Total Current Assets	2,247	1,691	1,605	1,514	1,381	1,445
Property, Plant & Equipment	916.52	816.7	808.11	820.89	806.34	895.96
Long-Term Investments	227.84	230.24	230.18	230	232.64	205.44
Goodwill	34.84	34.32	34.32	34.32	34.32	34.32
Other Intangible Assets	142.85	139.18	141.47	145.69	149.82	157.43
Long-Term Deferred Tax Assets	80.9	74.11	73.39	60.27	49.73	35.31
Long-Term Deferred Charges	1.63	0.54	1.88	3.19	1.48	2.9
Other Long-Term Assets	52.97	81.47	79.59	82.22	79.14	9.73
Total Assets	3,704	3,068	2,974	2,890	2,735	2,786
Accounts Payable	260.27	266.25	189.11	225.65	192.89	183.13
Accrued Expenses	39.73	53.67	48.8	49.85	40.14	31.62
Short-Term Debt	772.91	621.39	530.43	301.91	409.81	709.12
Current Portion of Long-Term Debt	72.63	55.9	43.68	300.65	120.03	-
Current Portion of Leases	-	3.6	2.01	1.7	1.79	-
Current Income Taxes Payable	10.33	1.82	0.67	3.67	5.57	9.72
Current Unearned Revenue	96.21	66.72	47.11	54.61	63.02	68.23
Other Current Liabilities	38.51	16.77	16.35	228.3	31.9	45.78
Total Current Liabilities	1,291	1,086	878.15	1,166	865.15	1,048
Long-Term Debt	835.15	457.2	509.12	114.3	367	288.75
Long-Term Leases	33.75	35.38	24.53	22.45	24.21	-
Long-Term Unearned Revenue	56.83	57.26	64.32	68.05	29.05	32.26
Long-Term Deferred Tax Liabilities	7.96	6.81	5.22	3.32	1.08	-
Total Liabilities	2,224	1,643	1,481	1,374	1,286	1,369
Common Stock	346.36	346.36	346.36	349.39	349.39	349.39
Additional Paid-In Capital	788.85	803.26	811.81	826.99	826.99	826.99
Retained Earnings	269.99	233.86	249.11	276.71	214.37	187.54
Treasury Stock	-25.48	-45.79	-	-18.2	-18.2	-18.2
Comprehensive Income & Other	-7.41	-7.41	-7.41	-7.41	-7.41	-7.41
Total Common Equity	1,372	1,330	1,400	1,427	1,365	1,338
Minority Interest	107.89	94.77	92.75	88.48	83.22	78.96
Shareholders' Equity	1,480	1,425	1,493	1,516	1,448	1,417
Total Liabilities & Equity	3,704	3,068	2,974	2,890	2,735	2,786
Total Debt	1,714	1,173	1,110	741.02	922.83	997.87
Net Cash (Debt)	-1,308	-718.33	-489.27	-408.5	-673.28	-585.25
Net Cash Per Share	-3.29	-1.88	-1.42	-1.18	-2.01	-1.58
Filing Date Shares Outstanding	297.89	336.48	346.36	346.36	346.36	346.36
Total Common Shares Outstanding	297.89	336.48	346.36	346.36	346.36	346.36
Working Capital	956.33	605.14	726.88	347.5	516.22	397.18
Book Value Per Share	4.61	3.95	4.04	4.12	3.94	3.86
Tangible Book Value	1,195	1,157	1,224	1,247	1,181	1,147
Tangible Book Value Per Share	4.01	3.44	3.53	3.60	3.41	3.31
Buildings	-	661	662.19	590.92	590.68	652.05
Machinery	-	884.19	840.76	779.78	766.34	684.28
Construction In Progress	-	88.28	45.26	104.85	14.7	11.02

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