Shenzhen Division 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	106.43	92.85	58.28	47.51	69.01	75.52
Trading Asset Securities	-	-	0	-	2	3.63
Cash & Short-Term Investments	106.43	92.85	58.28	47.51	71.01	79.16
Cash Growth	85.05%	59.31%	22.67%	-33.09%	-10.30%	-54.22%
Accounts Receivable	166.21	223.85	320.17	331.19	322.92	252.75
Other Receivables	54.56	54.09	53.34	77.84	102.46	110.34
Receivables	220.76	277.94	373.5	409.03	425.39	363.09
Inventory	76.39	90.98	31.96	38.51	46.92	54.98
Prepaid Expenses	-	-	0	-	0.01	-
Other Current Assets	90.13	29.57	34.6	30.29	39.87	58.88
Total Current Assets	493.71	491.33	498.34	525.33	583.2	556.1
Property, Plant & Equipment	31.64	41.1	48.6	86.26	74.77	66.03
Long-Term Investments	23.65	24.11	31.99	32.3	22.57	26.35
Goodwill	5.18	5.18	7.33	9.09	12.13	5.78
Other Intangible Assets	5.52	5.5	14.76	16.42	18.37	13.63
Long-Term Accounts Receivable	-	-	-	-	-	87.13
Long-Term Deferred Tax Assets	23.03	23.1	22.93	30.85	30.78	32.94
Long-Term Deferred Charges	6.66	5.15	6.02	6.32	1.33	3.39
Other Long-Term Assets	1.67	1.67	1.69	1.63	1.88	2.75
Total Assets	591.05	597.14	631.66	708.21	745.03	794.09
Accounts Payable	131.91	159.15	219.32	168.99	147.93	89.78
Accrued Expenses	32.5	125.24	120.2	43.8	31.88	25.21
Short-Term Debt	72.23	65.34	62.17	99.5	120.53	162.33
Current Portion of Leases	0.57	1.13	2.37	18.73	3.09	-
Current Income Taxes Payable	47.58	8.77	8.82	7.71	7.57	7.55
Current Unearned Revenue	24.2	45.83	21.81	15.13	26.4	17.69
Other Current Liabilities	182.83	88.31	93.35	146.36	80.35	17.53
Total Current Liabilities	491.82	493.77	528.05	500.22	417.75	320.09
Long-Term Leases	0.16	0.47	0.27	17.57	8	-
Long-Term Deferred Tax Liabilities	-	0.07	0.13	-	-	-
Other Long-Term Liabilities	0.72	0.72	57.09	55.54	1.14	0.72
Total Liabilities	492.69	495.03	585.53	573.34	426.89	320.8
Common Stock	389.37	360.55	360.55	360.55	326.23	300.24
Additional Paid-In Capital	613.29	569.19	535.1	469.09	358.79	312.45
Retained Earnings	-900.71	-893.67	-885.32	-654.31	-371.08	-199.46
Treasury Stock	-73.63	-0.71	-39.79	-107.56	-59.26	-
Comprehensive Income & Other	0.42	0.42	0.42	0.42	0.42	0.42
Total Common Equity	28.74	35.78	-29.04	68.19	255.1	413.65
Minority Interest	69.63	66.33	75.17	66.68	63.03	59.64
Shareholders' Equity	98.36	102.11	46.13	134.87	318.13	473.28
Total Liabilities & Equity	591.05	597.14	631.66	708.21	745.03	794.09
Total Debt	72.95	66.93	64.81	135.81	131.62	162.33
Net Cash (Debt)	33.47	25.92	-6.53	-88.3	-60.62	-83.17
Net Cash Growth	1800.80%	-	-	-	-	-
Net Cash Per Share	0.09	0.07	-0.02	-0.27	-0.20	-0.28
Filing Date Shares Outstanding	446.22	362.74	360.58	316.65	300.24	300.24
Total Common Shares Outstanding	446.22	362.74	360.58	316.65	300.24	300.24
Working Capital	1.89	-2.44	-29.71	25.11	165.44	236.01
Book Value Per Share	0.06	0.10	-0.08	0.22	0.85	1.38
Tangible Book Value	18.04	25.1	-51.13	42.68	224.6	394.25
Tangible Book Value Per Share	0.04	0.07	-0.14	0.13	0.75	1.31
Machinery	-	94.67	97.22	-	128.23	70.17
Construction In Progress	-	-	-	1.79	-	55.72

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.