Kennede Electronics MFG. Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	80.2	161.02	140.72	252	494.75
Cash & Short-Term Investments	80.2	161.02	140.72	252	494.75
Cash Growth	-50.19%	14.43%	-44.16%	-49.06%	320.31%
Accounts Receivable	276.79	1,030	1,114	1,150	710.33
Other Receivables	118.85	127.25	62.95	88.41	89.45
Receivables	395.64	1,157	1,177	1,238	799.78
Inventory	144.01	214.11	277.33	176.19	193.93
Other Current Assets	21.8	43.24	88.26	58.65	29.86
Total Current Assets	641.66	1,576	1,683	1,725	1,518
Property, Plant & Equipment	549.88	641.69	619.98	508.19	438.28
Long-Term Investments	211.13	103.26	203.81	155.73	124.94
Goodwill	33.84	45.86	33.16	42.36	42.36
Other Intangible Assets	60.15	48.86	49.26	50.85	50.12
Long-Term Deferred Tax Assets	13.96	21.12	15.51	9.75	3.63
Long-Term Deferred Charges	31.21	35.84	11.43	8.77	6.95
Other Long-Term Assets	0.08	243.21	243.97	172.51	7.19
Total Assets	1,542	2,716	2,860	2,673	2,192
Accounts Payable	291.49	712.21	638.11	796.31	487.75
Accrued Expenses	14.34	27.15	24.42	20.02	23.36
Short-Term Debt	137.55	515.99	497.44	314.04	251.63
Current Portion of Long-Term Debt	102.42	43.34	9.2	12.42	-
Current Portion of Leases	-	19.11	40.06	71.67	27.24
Current Income Taxes Payable	5.11	6.75	0.49	2.48	0.41
Current Unearned Revenue	51.66	60.99	99.15	37	21.5
Other Current Liabilities	89.58	167.86	152.51	74.35	32.85
Total Current Liabilities	692.14	1,553	1,461	1,328	844.73
Long-Term Debt	81.42	94.58	73.76	33.89	13.8
Long-Term Leases	-	15.25	18.19	63.58	108.84
Long-Term Unearned Revenue	-	-	30.52	1.05	2.29
Long-Term Deferred Tax Liabilities	0.05	0.69	3.16	3.27	-
Other Long-Term Liabilities	7.05	0.18	-	-	-
Total Liabilities	780.67	1,664	1,587	1,430	969.66
Common Stock	332.35	318.01	318.01	318.01	317.45
Additional Paid-In Capital	740.63	696.63	696.82	696.82	693.71
Retained Earnings	-259.26	-7.21	223.44	230.36	220.28
Treasury Stock	-52.93	-	-	-	-10.16
Comprehensive Income & Other	-0.52	-0.06	-0.4	-0.31	0.45
Total Common Equity	760.28	1,007	1,238	1,245	1,222
Minority Interest	0.95	44.18	35.14	-1.48	0.39
Shareholders' Equity	761.23	1,052	1,273	1,243	1,222
Total Liabilities & Equity	1,542	2,716	2,860	2,673	2,192
Total Debt	321.38	688.27	638.65	495.59	401.51
Net Cash (Debt)	-241.18	-527.24	-497.93	-243.6	93.24
Net Cash Per Share	-0.74	-1.66	-1.56	-0.77	0.34
Filing Date Shares Outstanding	332.38	318.01	318.01	318.01	317.45
Total Common Shares Outstanding	332.38	318.01	318.01	318.01	317.45
Working Capital	-50.49	22.41	221.52	397.03	673.59
Book Value Per Share	2.29	3.17	3.89	3.91	3.85
Tangible Book Value	666.29	912.65	1,155	1,152	1,129
Tangible Book Value Per Share	2.00	2.87	3.63	3.62	3.56
Buildings	-	559.14	413.12	403.03	402.49
Machinery	-	326.44	300.78	271.84	261
Construction In Progress	-	18.94	136.45	26.96	10.68

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