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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	406.37	455.14	620.49	317.53	249.55	412.62	Upgrade
Trading Asset Securities	-	-	-	15	-	-	Upgrade
Cash & Short-Term Investments	406.37	455.14	620.49	332.53	249.55	412.62	Upgrade
Cash Growth	-34.67%	-26.65%	86.60%	33.25%	-39.52%	-5.24%	Upgrade
Accounts Receivable	730.64	555.35	519.49	619.32	656.73	444.05	Upgrade
Other Receivables	19.61	7.69	5.99	10.26	46.24	32.55	Upgrade
Receivables	750.26	563.05	525.48	629.58	702.97	476.61	Upgrade
Inventory	938.51	545.29	399.02	478.19	398.28	393.46	Upgrade
Prepaid Expenses	-	-	-	-	3.47	0.11	Upgrade
Other Current Assets	151.78	127.78	60.05	73.56	27.1	161.98	Upgrade
Total Current Assets	2,247	1,691	1,605	1,514	1,381	1,445	Upgrade
Property, Plant & Equipment	916.52	816.7	808.11	820.89	806.34	895.96	Upgrade
Long-Term Investments	227.84	230.24	230.18	230	232.64	205.44	Upgrade
Goodwill	34.84	34.32	34.32	34.32	34.32	34.32	Upgrade
Other Intangible Assets	142.85	139.18	141.47	145.69	149.82	157.43	Upgrade
Long-Term Deferred Tax Assets	80.9	74.11	73.39	60.27	49.73	35.31	Upgrade
Long-Term Deferred Charges	1.63	0.54	1.88	3.19	1.48	2.9	Upgrade
Other Long-Term Assets	52.97	81.47	79.59	82.22	79.14	9.73	Upgrade
Total Assets	3,704	3,068	2,974	2,890	2,735	2,786	Upgrade
Accounts Payable	260.27	266.25	189.11	225.65	192.89	183.13	Upgrade
Accrued Expenses	39.73	53.67	48.8	49.85	40.14	31.62	Upgrade
Short-Term Debt	772.91	621.39	530.43	301.91	409.81	709.12	Upgrade
Current Portion of Long-Term Debt	72.63	55.9	43.68	300.65	120.03	-	Upgrade
Current Portion of Leases	-	3.6	2.01	1.7	1.79	-	Upgrade
Current Income Taxes Payable	10.33	1.82	0.67	3.67	5.57	9.72	Upgrade
Current Unearned Revenue	96.21	66.72	47.11	54.61	63.02	68.23	Upgrade
Other Current Liabilities	38.51	16.77	16.35	228.3	31.9	45.78	Upgrade
Total Current Liabilities	1,291	1,086	878.15	1,166	865.15	1,048	Upgrade
Long-Term Debt	835.15	457.2	509.12	114.3	367	288.75	Upgrade
Long-Term Leases	33.75	35.38	24.53	22.45	24.21	-	Upgrade
Long-Term Unearned Revenue	56.83	57.26	64.32	68.05	29.05	32.26	Upgrade
Long-Term Deferred Tax Liabilities	7.96	6.81	5.22	3.32	1.08	-	Upgrade
Total Liabilities	2,224	1,643	1,481	1,374	1,286	1,369	Upgrade
Common Stock	346.36	346.36	346.36	349.39	349.39	349.39	Upgrade
Additional Paid-In Capital	788.85	803.26	811.81	826.99	826.99	826.99	Upgrade
Retained Earnings	269.99	233.86	249.11	276.71	214.37	187.54	Upgrade
Treasury Stock	-25.48	-45.79	-	-18.2	-18.2	-18.2	Upgrade
Comprehensive Income & Other	-7.41	-7.41	-7.41	-7.41	-7.41	-7.41	Upgrade
Total Common Equity	1,372	1,330	1,400	1,427	1,365	1,338	Upgrade
Minority Interest	107.89	94.77	92.75	88.48	83.22	78.96	Upgrade
Shareholders' Equity	1,480	1,425	1,493	1,516	1,448	1,417	Upgrade
Total Liabilities & Equity	3,704	3,068	2,974	2,890	2,735	2,786	Upgrade
Total Debt	1,714	1,173	1,110	741.02	922.83	997.87	Upgrade
Net Cash (Debt)	-1,308	-718.33	-489.27	-408.5	-673.28	-585.25	Upgrade
Net Cash Per Share	-3.29	-1.88	-1.42	-1.18	-2.01	-1.58	Upgrade
Filing Date Shares Outstanding	297.89	336.48	346.36	346.36	346.36	346.36	Upgrade
Total Common Shares Outstanding	297.89	336.48	346.36	346.36	346.36	346.36	Upgrade
Working Capital	956.33	605.14	726.88	347.5	516.22	397.18	Upgrade
Book Value Per Share	4.61	3.95	4.04	4.12	3.94	3.86	Upgrade
Tangible Book Value	1,195	1,157	1,224	1,247	1,181	1,147	Upgrade
Tangible Book Value Per Share	4.01	3.44	3.53	3.60	3.41	3.31	Upgrade
Buildings	-	661	662.19	590.92	590.68	652.05	Upgrade
Machinery	-	884.19	840.76	779.78	766.34	684.28	Upgrade
Construction In Progress	-	88.28	45.26	104.85	14.7	11.02	Upgrade

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