Rayhoo Motor Dies 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	621.21	825.59	529.93	841.51	601.33	526.65
Short-Term Investments	-	75.81	151.07	76.1	-	-
Trading Asset Securities	195.58	90.42	169.49	30.29	185.79	127.35
Cash & Short-Term Investments	816.79	991.83	850.5	947.9	787.12	654.01
Cash Growth	40.14%	16.62%	-10.28%	20.43%	20.35%	-13.65%
Accounts Receivable	1,253	1,216	810.78	691.48	510.53	438.22
Other Receivables	38.07	41.15	31.32	24.63	24.56	14.88
Receivables	1,291	1,257	842.09	716.12	535.08	453.1
Inventory	2,330	2,430	2,039	1,774	1,490	1,063
Other Current Assets	369.75	290.62	177.1	181.81	117.52	73.96
Total Current Assets	4,808	4,970	3,909	3,620	2,930	2,244
Property, Plant & Equipment	1,256	1,257	942.85	846.95	429.86	346.55
Long-Term Investments	641.46	668.05	529.91	520.72	421.65	215.54
Other Intangible Assets	148.4	144.96	155.39	131.29	92.81	39.64
Long-Term Deferred Tax Assets	52.59	47.21	35.17	48.25	36.73	32.39
Long-Term Deferred Charges	139.57	115.64	151.28	43.27	8.43	5.48
Other Long-Term Assets	8.51	15.82	114.39	33.16	105.11	12.04
Total Assets	7,054	7,218	5,838	5,244	4,025	2,895
Accounts Payable	1,680	1,752	1,278	1,078	802.46	705.71
Accrued Expenses	148.1	163.35	144.63	142.06	102.99	83.9
Short-Term Debt	33.07	82.95	82.03	156.83	20.02	10.01
Current Portion of Long-Term Debt	44.07	36.9	34.66	22.91	-	38.89
Current Portion of Leases	-	7.65	5.17	7.98	8.73	6.02
Current Income Taxes Payable	53.23	19.76	14.47	11.37	1.39	7.59
Current Unearned Revenue	1,702	1,864	1,474	1,417	1,146	770.05
Other Current Liabilities	77.41	75.46	29.9	19.84	28.8	8.96
Total Current Liabilities	3,737	4,002	3,062	2,856	2,111	1,631
Long-Term Debt	217.98	217.98	165.14	380.92	375.3	-
Long-Term Leases	4.67	6.06	4.16	2.05	9.3	2.47
Long-Term Unearned Revenue	80.8	82.69	75.46	71.77	37.74	31.96
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.07
Other Long-Term Liabilities	54.02	71.84	60.32	19.9	11.45	10.34
Total Liabilities	4,095	4,380	3,368	3,331	2,544	1,676
Common Stock	209.32	209.32	209.32	198.43	183.61	183.6
Additional Paid-In Capital	985.69	985.5	985.05	799.96	554.77	554.58
Retained Earnings	1,359	1,252	954.49	666.95	519.68	416.31
Comprehensive Income & Other	23.79	21.52	15.29	37.08	70.06	2.83
Total Common Equity	2,577	2,468	2,164	1,702	1,328	1,157
Minority Interest	381.91	370.11	306.08	210.31	152.32	62.2
Shareholders' Equity	2,959	2,838	2,470	1,913	1,480	1,220
Total Liabilities & Equity	7,054	7,218	5,838	5,244	4,025	2,895
Total Debt	299.8	351.53	291.16	570.69	413.35	57.39
Net Cash (Debt)	516.99	640.29	559.34	377.2	373.77	596.62
Net Cash Growth	58.61%	14.47%	48.28%	0.92%	-37.35%	-14.74%
Net Cash Per Share	2.46	3.06	2.71	1.94	2.00	3.26
Filing Date Shares Outstanding	209.31	209.32	209.32	209.32	183.63	183.6
Total Common Shares Outstanding	209.31	209.32	209.32	198.43	183.61	183.6
Working Capital	1,071	968.11	846.31	763.72	819.63	612.72
Book Value Per Share	12.31	11.79	10.34	8.58	7.23	6.30
Tangible Book Value	2,429	2,323	2,009	1,571	1,235	1,118
Tangible Book Value Per Share	11.61	11.10	9.60	7.92	6.73	6.09
Buildings	-	411.76	318.66	196.12	126.89	125.85
Machinery	-	1,284	1,003	669.52	550.23	476.04
Construction In Progress	-	108.75	64.11	339.31	40.6	4.9
Order Backlog	-	4,772	-	-	-	-

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