Shenzhen Kedali Industry 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	2,438	2,102	1,899	2,242	496.12	773.25
Trading Asset Securities	1,435	640	600	-	320.55	550
Cash & Short-Term Investments	3,873	2,742	2,499	2,242	816.68	1,323
Cash Growth	41.00%	9.74%	11.48%	174.47%	-38.28%	391.61%
Accounts Receivable	8,526	7,395	5,578	3,886	1,943	1,246
Other Receivables	46.46	22.08	24.27	21.19	9.85	1.18
Receivables	8,572	7,417	5,602	3,907	1,953	1,249
Inventory	801.66	832.33	920.64	1,240	659.85	338.51
Other Current Assets	73.31	100.95	161.67	111.65	97.79	87.78
Total Current Assets	13,320	11,093	9,184	7,501	3,527	2,999
Property, Plant & Equipment	7,372	7,233	7,322	5,768	3,100	2,203
Long-Term Investments	20.31	5.96	3	3	3	1.15
Other Intangible Assets	394.54	399.9	409.65	407.98	284.42	162.28
Long-Term Deferred Tax Assets	144.83	75.12	52.09	108.05	120.73	38.53
Long-Term Deferred Charges	116.96	148.67	144.48	72.55	37.81	16.08
Other Long-Term Assets	115.64	95.07	107.58	329.04	253.48	52.03
Total Assets	21,484	19,051	17,222	14,189	7,326	5,472
Accounts Payable	6,439	4,986	3,987	4,283	1,851	750.79
Accrued Expenses	168.99	222.25	192.46	211.2	80.04	45.89
Short-Term Debt	8	56.91	423.36	1,816	460	290
Current Portion of Long-Term Debt	23.63	121	183.8	82.2	47	33
Current Portion of Leases	-	28.28	46.14	38.86	10.06	-
Current Income Taxes Payable	192.69	97.61	58.9	70.45	27.03	34.08
Current Unearned Revenue	6.05	11.87	9.83	5.57	6.02	1.99
Other Current Liabilities	9.83	16.2	19.38	11.53	15.43	99.52
Total Current Liabilities	6,848	5,540	4,921	6,519	2,497	1,255
Long-Term Debt	1,435	1,404	1,483	1,557	80	47
Long-Term Leases	13.16	31.58	42.07	49.81	9.33	-
Long-Term Unearned Revenue	452.55	390.15	264.46	187.64	99.31	98.68
Long-Term Deferred Tax Liabilities	-	0.11	0.2	48.84	-	-
Total Liabilities	8,749	7,366	6,711	8,363	2,686	1,401
Common Stock	273.77	271.36	269.71	234.41	232.92	232.92
Additional Paid-In Capital	6,882	6,577	6,449	2,893	2,793	2,689
Retained Earnings	5,248	4,611	3,544	2,414	1,560	1,065
Comprehensive Income & Other	293.92	181.71	235.15	187.72	-30.77	1.4
Total Common Equity	12,698	11,641	10,498	5,729	4,555	3,989
Minority Interest	36.42	43.27	12.72	97.74	85.98	82.02
Shareholders' Equity	12,734	11,685	10,511	5,826	4,641	4,071
Total Liabilities & Equity	21,484	19,051	17,222	14,189	7,326	5,472
Total Debt	1,480	1,642	2,178	3,544	606.39	370
Net Cash (Debt)	2,393	1,100	320.52	-1,303	210.29	953.25
Net Cash Growth	128.48%	243.28%	-	-	-77.94%	10297.12%
Net Cash Per Share	8.77	4.07	1.28	-5.53	0.90	4.48
Filing Date Shares Outstanding	273.77	271.36	269.71	234.41	232.92	232.92
Total Common Shares Outstanding	273.77	271.36	269.71	234.41	232.92	232.92
Working Capital	6,472	5,553	4,262	981.21	1,030	1,743
Book Value Per Share	46.38	42.90	38.92	24.44	19.56	17.13
Tangible Book Value	12,303	11,241	10,089	5,321	4,271	3,827
Tangible Book Value Per Share	44.94	41.43	37.41	22.70	18.33	16.43
Buildings	-	2,562	2,059	1,675	649.51	612.6
Machinery	-	6,570	6,073	4,449	2,589	1,909
Construction In Progress	-	387.29	794.36	662.33	601.33	255.45

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