Kennede Electronics MFG. 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	96.79	161.02	140.72	252	494.75	115.68
Trading Asset Securities	-	-	-	-	-	2.03
Cash & Short-Term Investments	96.79	161.02	140.72	252	494.75	117.71
Cash Growth	-28.97%	14.43%	-44.16%	-49.06%	320.31%	46.26%
Accounts Receivable	930.76	1,030	1,114	1,150	710.33	504.73
Other Receivables	77.71	127.25	62.95	88.41	89.45	65.44
Receivables	1,008	1,157	1,177	1,238	799.78	570.17
Inventory	226.87	214.11	277.33	176.19	193.93	198.19
Other Current Assets	118.64	43.24	88.26	58.65	29.86	18.22
Total Current Assets	1,451	1,576	1,683	1,725	1,518	904.29
Property, Plant & Equipment	623.74	641.69	619.98	508.19	438.28	432.32
Long-Term Investments	93.83	103.26	203.81	155.73	124.94	47.04
Goodwill	48.61	45.86	33.16	42.36	42.36	42.36
Other Intangible Assets	47.64	48.86	49.26	50.85	50.12	50.77
Long-Term Deferred Tax Assets	21.22	21.12	15.51	9.75	3.63	4.66
Long-Term Deferred Charges	35.19	35.84	11.43	8.77	6.95	6.04
Other Long-Term Assets	245.25	243.21	243.97	172.51	7.19	2.08
Total Assets	2,566	2,716	2,860	2,673	2,192	1,490
Accounts Payable	566.62	712.21	638.11	796.31	487.75	422.95
Accrued Expenses	18.67	27.15	24.42	20.02	23.36	31.98
Short-Term Debt	318.36	515.99	497.44	314.04	251.63	169.05
Current Portion of Long-Term Debt	47.98	43.34	9.2	12.42	-	-
Current Portion of Leases	-	19.11	40.06	71.67	27.24	-
Current Income Taxes Payable	9.64	6.75	0.49	2.48	0.41	3.02
Current Unearned Revenue	58.77	60.99	99.15	37	21.5	38.51
Other Current Liabilities	412.64	167.86	152.51	74.35	32.85	182.09
Total Current Liabilities	1,433	1,553	1,461	1,328	844.73	847.59
Long-Term Debt	129.28	94.58	73.76	33.89	13.8	-
Long-Term Leases	0.85	15.25	18.19	63.58	108.84	-
Long-Term Unearned Revenue	0.18	-	30.52	1.05	2.29	3.53
Long-Term Deferred Tax Liabilities	0.39	0.69	3.16	3.27	-	0.51
Other Long-Term Liabilities	6.23	0.18	-	-	-	-
Total Liabilities	1,570	1,664	1,587	1,430	969.66	851.63
Common Stock	332.35	318.01	318.01	318.01	317.45	192.13
Additional Paid-In Capital	741.19	696.63	696.82	696.82	693.71	256.02
Retained Earnings	-78.32	-7.21	223.44	230.36	220.28	205.75
Treasury Stock	-52.93	-	-	-	-10.16	-17.72
Comprehensive Income & Other	-0.66	-0.06	-0.4	-0.31	0.45	1.47
Total Common Equity	941.63	1,007	1,238	1,245	1,222	637.65
Minority Interest	55.04	44.18	35.14	-1.48	0.39	0.28
Shareholders' Equity	996.67	1,052	1,273	1,243	1,222	637.94
Total Liabilities & Equity	2,566	2,716	2,860	2,673	2,192	1,490
Total Debt	496.47	688.27	638.65	495.59	401.51	169.05
Net Cash (Debt)	-399.67	-527.24	-497.93	-243.6	93.24	-51.34
Net Cash Per Share	-1.25	-1.66	-1.56	-0.77	0.34	-0.19
Filing Date Shares Outstanding	327.31	318.01	318.01	318.01	317.45	268.98
Total Common Shares Outstanding	327.31	318.01	318.01	318.01	317.45	268.98
Working Capital	18.1	22.41	221.52	397.03	673.59	56.71
Book Value Per Share	2.88	3.17	3.89	3.91	3.85	2.37
Tangible Book Value	845.37	912.65	1,155	1,152	1,129	544.52
Tangible Book Value Per Share	2.58	2.87	3.63	3.62	3.56	2.02
Buildings	-	559.14	413.12	403.03	402.49	397.58
Machinery	-	326.44	300.78	271.84	261	247.13
Construction In Progress	-	18.94	136.45	26.96	10.68	14.84

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.