Red phase INC. 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	302.33	280.16	585.87	503.94	737.29	502.07
Cash & Short-Term Investments	302.33	280.16	585.87	503.94	737.29	502.07
Cash Growth	-18.94%	-52.18%	16.26%	-31.65%	46.85%	-0.97%
Accounts Receivable	526.84	474.96	508.55	1,188	901.4	1,100
Other Receivables	14.5	6.73	356.21	9.66	67.91	0.2
Receivables	541.34	481.69	864.76	1,198	969.31	1,100
Inventory	371.38	387.15	458.46	790.68	527.37	361.82
Prepaid Expenses	-	0.01	0.05	0.01	0.1	0.04
Restricted Cash	-	-	-	3.8	-	-
Other Current Assets	27.5	20.31	36.59	211.6	131.24	69.63
Total Current Assets	1,243	1,169	1,946	2,708	2,365	2,033
Property, Plant & Equipment	276.86	299.01	349.13	585.48	688.45	1,371
Long-Term Investments	5.14	8.29	2.04	193.94	192.84	186.25
Goodwill	-	-	154.54	402.8	402.8	1,074
Other Intangible Assets	20.57	21.97	22.07	49.58	64.11	98.31
Long-Term Deferred Tax Assets	41.07	36.13	30.62	57.8	49.69	29.9
Long-Term Deferred Charges	0.44	0.5	0.28	1.23	1.12	1.11
Other Long-Term Assets	161.19	176.79	258.61	19.25	51.47	135.29
Total Assets	1,748	1,712	2,763	4,018	3,816	4,929
Accounts Payable	167.09	174.58	251.32	654.33	432.41	425.44
Accrued Expenses	13.78	61.72	70.31	95.61	86.05	55.4
Short-Term Debt	15.01	40.04	351.98	593.81	499.12	677.64
Current Portion of Long-Term Debt	-	-	145.55	173.9	137.38	58.99
Current Portion of Leases	0.4	1.29	1.97	1.82	1.52	-
Current Income Taxes Payable	14.19	3	6.81	24.96	10.31	19.74
Current Unearned Revenue	216.61	190.33	232.55	115.56	257.21	54.4
Other Current Liabilities	15.35	17.44	60.8	107.19	16.89	5.06
Total Current Liabilities	442.43	488.4	1,121	1,767	1,441	1,297
Long-Term Debt	-	-	667.38	773.43	692.47	1,213
Long-Term Leases	0.1	0.1	3.19	4.84	6.77	-
Long-Term Unearned Revenue	21.37	5.65	7.47	33.8	30.77	26.15
Long-Term Deferred Tax Liabilities	1.2	1.95	2.25	27.69	26.86	15.19
Total Liabilities	465.11	496.1	1,802	2,607	2,198	2,551
Common Stock	508.52	508.52	361.8	361.76	360.22	360.22
Additional Paid-In Capital	1,381	1,379	872.05	871.71	862.25	862.2
Retained Earnings	-608.61	-671.24	-318.17	45.75	246.49	1,012
Treasury Stock	-	-	-10.99	-10.99	-	-
Comprehensive Income & Other	-0.89	-2.8	52.67	123.43	140.83	148.42
Total Common Equity	1,280	1,214	957.35	1,392	1,610	2,383
Minority Interest	2.65	2.36	4.07	19.54	8.25	-5.09
Shareholders' Equity	1,283	1,216	961.42	1,411	1,618	2,378
Total Liabilities & Equity	1,748	1,712	2,763	4,018	3,816	4,929
Total Debt	15.51	41.43	1,170	1,548	1,337	1,950
Net Cash (Debt)	286.82	238.72	-584.21	-1,044	-599.96	-1,448
Net Cash Per Share	0.60	0.62	-1.61	-2.86	-1.67	-4.06
Filing Date Shares Outstanding	508.52	508.52	361.8	361.76	360.22	360.22
Total Common Shares Outstanding	508.52	508.52	361.8	361.76	360.22	360.22
Working Capital	800.12	680.91	824.42	940.89	924.43	736.64
Book Value Per Share	2.52	2.39	2.65	3.85	4.47	6.62
Tangible Book Value	1,260	1,192	780.74	939.28	1,143	1,211
Tangible Book Value Per Share	2.48	2.34	2.16	2.60	3.17	3.36
Buildings	-	238.92	238.57	276	286.03	264.65
Machinery	-	306.46	324.3	442.29	554.55	1,224
Construction In Progress	-	-	-	92.81	49.97	69.16

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