Cre8 Direct (NingBo) 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	507.42	560.78	421.12	322.35	167.6	271.48
Trading Asset Securities	0.08	0.08	0.08	4.55	0.25	20.33
Cash & Short-Term Investments	507.5	560.86	421.2	326.91	167.86	291.81
Cash Growth	36.28%	33.16%	28.84%	94.76%	-42.48%	-35.85%
Accounts Receivable	362	293.49	211.73	167.07	235.03	353.16
Other Receivables	19.24	16.85	12.29	19.06	13.7	10.92
Receivables	381.24	310.34	224.02	186.13	248.73	364.08
Inventory	278.41	278.18	181.83	172.9	257.64	176.07
Other Current Assets	52.78	37.53	28.56	32.14	31.79	65.36
Total Current Assets	1,220	1,187	855.61	718.08	706.01	897.33
Property, Plant & Equipment	558.4	469.47	414.74	452.69	501.81	383.32
Long-Term Investments	28.28	28.51	29.26	42.01	39.6	32.94
Goodwill	25.59	25.59	25.59	28.55	30.65	30.65
Other Intangible Assets	58	60.28	62.52	63.61	66.37	37.98
Long-Term Accounts Receivable	1.14	1.41	-	-	-	-
Long-Term Deferred Tax Assets	24.94	26.09	14.96	19.63	19.02	7.45
Long-Term Deferred Charges	13.1	6.9	6.63	7.6	6	6.48
Other Long-Term Assets	103.73	95.04	80.6	33.34	2.16	2.59
Total Assets	2,033	1,900	1,490	1,366	1,372	1,399
Accounts Payable	299.68	326.02	163.86	111.38	166.66	304.08
Accrued Expenses	49.83	58.85	50.25	52.71	47.56	42.99
Short-Term Debt	124.73	124.36	37.15	87.86	206.8	240.16
Current Portion of Long-Term Debt	108.82	190.98	88.41	98.29	9.19	1.02
Current Portion of Leases	-	11.91	12.16	13.01	11.09	-
Current Income Taxes Payable	31.38	12.73	6.86	6.11	3.93	4.4
Current Unearned Revenue	15.96	11.32	13.36	9.49	6.86	11.43
Other Current Liabilities	4.75	4.13	6.46	9.58	20.45	30.78
Total Current Liabilities	635.16	740.29	378.51	388.42	472.54	634.87
Long-Term Debt	307.05	147.1	209	159.63	153.8	20.63
Long-Term Leases	43.4	16.33	3.58	7.9	14.81	-
Long-Term Unearned Revenue	33.33	33.92	34.31	3.7	2.42	3.12
Long-Term Deferred Tax Liabilities	9.95	10.24	8.54	10.12	9	8.88
Other Long-Term Liabilities	-	-	-	-	0.05	-
Total Liabilities	1,029	947.87	633.94	569.77	652.61	667.5
Common Stock	180.39	180.39	180.39	182	182.83	183.82
Additional Paid-In Capital	283.05	283.17	283.17	299.48	302.7	306.93
Retained Earnings	492.11	439.52	358.65	308.96	242.92	260.38
Treasury Stock	-	-	-	-18.33	-22.66	-27.89
Comprehensive Income & Other	-22.49	-14.95	-9.27	-7.93	-15.49	-12.91
Total Common Equity	933.07	888.13	812.94	764.19	690.29	710.34
Minority Interest	71.16	64.2	43.01	31.56	28.71	20.9
Shareholders' Equity	1,004	952.34	855.95	795.75	719.01	731.24
Total Liabilities & Equity	2,033	1,900	1,490	1,366	1,372	1,399
Total Debt	584	490.67	350.3	366.69	395.69	261.82
Net Cash (Debt)	-76.51	70.19	70.9	-39.78	-227.84	29.99
Net Cash Growth	-	-1.00%	-	-	-	-88.64%
Net Cash Per Share	-0.43	0.39	0.39	-0.22	-1.20	0.17
Filing Date Shares Outstanding	180.39	180.39	180.39	180.39	181.22	183.82
Total Common Shares Outstanding	180.39	180.39	180.39	180.39	181.22	183.82
Working Capital	584.77	446.62	477.1	329.67	233.47	262.45
Book Value Per Share	5.17	4.92	4.51	4.24	3.81	3.86
Tangible Book Value	849.48	802.26	724.83	672.03	593.27	641.71
Tangible Book Value Per Share	4.71	4.45	4.02	3.73	3.27	3.49
Buildings	-	213.03	227.22	284.62	304.3	163.52
Machinery	-	425.01	391.48	364.79	357.1	310.81
Construction In Progress	-	99.35	38.22	7.38	1.38	57.92

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