Shenzhen Kedali Industry 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	2,575	2,102	1,899	2,242	496.12
Trading Asset Securities	1,370	640	600	-	320.55
Cash & Short-Term Investments	3,945	2,742	2,499	2,242	816.68
Cash Growth	43.87%	9.74%	11.48%	174.47%	-38.28%
Accounts Receivable	9,818	7,395	5,578	3,886	1,943
Other Receivables	58.53	22.08	24.27	21.19	9.85
Receivables	9,877	7,417	5,602	3,907	1,953
Inventory	988.06	832.33	920.64	1,240	659.85
Other Current Assets	99.37	100.95	161.67	111.65	97.79
Total Current Assets	14,910	11,093	9,184	7,501	3,527
Property, Plant & Equipment	7,362	7,233	7,322	5,768	3,100
Long-Term Investments	19.48	5.96	3	3	3
Other Intangible Assets	391.59	399.9	409.65	407.98	284.42
Long-Term Deferred Tax Assets	100.51	75.12	52.09	108.05	120.73
Long-Term Deferred Charges	120.61	148.67	144.48	72.55	37.81
Other Long-Term Assets	124.29	95.07	107.58	329.04	253.48
Total Assets	23,028	19,051	17,222	14,189	7,326
Accounts Payable	7,192	4,986	3,987	4,283	1,851
Accrued Expenses	278.83	222.25	192.46	211.2	80.04
Short-Term Debt	16.35	56.91	423.36	1,816	460
Current Portion of Long-Term Debt	-	121	183.8	82.2	47
Current Portion of Leases	20.22	28.28	46.14	38.86	10.06
Current Income Taxes Payable	153.82	97.61	58.9	70.45	27.03
Current Unearned Revenue	4.83	11.87	9.83	5.57	6.02
Other Current Liabilities	22.7	16.2	19.38	11.53	15.43
Total Current Liabilities	7,689	5,540	4,921	6,519	2,497
Long-Term Debt	1,451	1,404	1,483	1,557	80
Long-Term Leases	14.86	31.58	42.07	49.81	9.33
Long-Term Unearned Revenue	459.29	390.15	264.46	187.64	99.31
Long-Term Deferred Tax Liabilities	0.04	0.11	0.2	48.84	-
Total Liabilities	9,614	7,366	6,711	8,363	2,686
Common Stock	274.94	271.36	269.71	234.41	232.92
Additional Paid-In Capital	6,985	6,577	6,449	2,893	2,793
Retained Earnings	5,828	4,611	3,544	2,414	1,560
Comprehensive Income & Other	285.64	181.71	235.15	187.72	-30.77
Total Common Equity	13,374	11,641	10,498	5,729	4,555
Minority Interest	40.18	43.27	12.72	97.74	85.98
Shareholders' Equity	13,414	11,685	10,511	5,826	4,641
Total Liabilities & Equity	23,028	19,051	17,222	14,189	7,326
Total Debt	1,503	1,642	2,178	3,544	606.39
Net Cash (Debt)	2,443	1,100	320.52	-1,303	210.29
Net Cash Growth	122.03%	243.28%	-	-	-77.94%
Net Cash Per Share	8.84	4.07	1.28	-5.53	0.90
Filing Date Shares Outstanding	274.94	271.36	269.71	234.41	232.92
Total Common Shares Outstanding	274.94	271.36	269.71	234.41	232.92
Working Capital	7,221	5,553	4,262	981.21	1,030
Book Value Per Share	48.64	42.90	38.92	24.44	19.56
Tangible Book Value	12,982	11,241	10,089	5,321	4,271
Tangible Book Value Per Share	47.22	41.43	37.41	22.70	18.33
Buildings	2,801	2,562	2,059	1,675	649.51
Machinery	7,085	6,570	6,073	4,449	2,589
Construction In Progress	477.19	387.29	794.36	662.33	601.33

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