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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,698	2,575	2,102	1,899	2,242	496.12
Trading Asset Securities	1,365	1,370	640	600	-	320.55
Cash & Short-Term Investments	4,063	3,945	2,742	2,499	2,242	816.68
Cash Growth	15.90%	43.87%	9.74%	11.48%	174.47%	-38.28%
Accounts Receivable	10,391	9,818	7,395	5,578	3,886	1,943
Other Receivables	31.02	58.53	22.08	24.27	21.19	9.85
Receivables	10,422	9,877	7,417	5,602	3,907	1,953
Inventory	1,004	988.06	832.33	920.64	1,240	659.85
Other Current Assets	118.17	99.37	100.95	161.67	111.65	97.79
Total Current Assets	15,608	14,910	11,093	9,184	7,501	3,527
Property, Plant & Equipment	7,626	7,362	7,233	7,322	5,768	3,100
Long-Term Investments	25.22	19.48	5.96	3	3	3
Other Intangible Assets	419.3	391.59	399.9	409.65	407.98	284.42
Long-Term Deferred Tax Assets	95.55	100.51	75.12	52.09	108.05	120.73
Long-Term Deferred Charges	108.17	120.61	148.67	144.48	72.55	37.81
Other Long-Term Assets	236.52	124.29	95.07	107.58	329.04	253.48
Total Assets	24,119	23,028	19,051	17,222	14,189	7,326
Accounts Payable	7,752	7,192	4,986	3,987	4,283	1,851
Accrued Expenses	185.42	278.83	222.25	192.46	211.2	80.04
Short-Term Debt	116.31	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	23.76	20.22	28.28	46.14	38.86	10.06
Current Income Taxes Payable	177.2	153.82	97.61	58.9	70.45	27.03
Current Unearned Revenue	9.04	4.83	11.87	9.83	5.57	6.02
Other Current Liabilities	10.41	22.7	16.2	19.38	11.53	15.43
Total Current Liabilities	8,275	7,689	5,540	4,921	6,519	2,497
Long-Term Debt	1,467	1,451	1,404	1,483	1,557	80
Long-Term Leases	14.46	14.86	31.58	42.07	49.81	9.33
Long-Term Unearned Revenue	450.09	459.29	390.15	264.46	187.64	99.31
Long-Term Deferred Tax Liabilities	0.02	0.04	0.11	0.2	48.84	-
Total Liabilities	10,206	9,614	7,366	6,711	8,363	2,686
Common Stock	275.75	274.94	271.36	269.71	234.41	232.92
Additional Paid-In Capital	7,074	6,985	6,577	6,449	2,893	2,793
Retained Earnings	6,289	5,828	4,611	3,544	2,414	1,560
Comprehensive Income & Other	239.22	285.64	181.71	235.15	187.72	-30.77
Total Common Equity	13,878	13,374	11,641	10,498	5,729	4,555
Minority Interest	34.6	40.18	43.27	12.72	97.74	85.98
Shareholders' Equity	13,913	13,414	11,685	10,511	5,826	4,641
Total Liabilities & Equity	24,119	23,028	19,051	17,222	14,189	7,326
Total Debt	1,621	1,503	1,642	2,178	3,544	606.39
Net Cash (Debt)	2,442	2,443	1,100	320.52	-1,303	210.29
Net Cash Growth	24.23%	122.03%	243.28%	-	-	-77.94%
Net Cash Per Share	8.78	8.84	4.07	1.28	-5.53	0.90
Filing Date Shares Outstanding	275.75	274.94	271.36	269.71	234.41	232.92
Total Common Shares Outstanding	275.75	274.94	271.36	269.71	234.41	232.92
Working Capital	7,333	7,221	5,553	4,262	981.21	1,030
Book Value Per Share	50.33	48.64	42.90	38.92	24.44	19.56
Tangible Book Value	13,459	12,982	11,241	10,089	5,321	4,271
Tangible Book Value Per Share	48.81	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.