Pony Testing 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	314.24	700.2	619.77	754.5	513.05	668.92
Trading Asset Securities	550	275	565.04	825.07	-	141
Cash & Short-Term Investments	864.24	975.2	1,185	1,580	513.05	809.92
Cash Growth	-2.11%	-17.69%	-24.99%	207.88%	-36.65%	166.58%
Accounts Receivable	702.62	836.11	1,006	1,102	784.8	381.48
Other Receivables	27.4	21.88	34.44	45.65	38.75	24.4
Receivables	730.01	857.98	1,041	1,148	823.55	405.88
Inventory	39.87	25.56	27.73	42.09	25.1	11.98
Other Current Assets	56.59	63.87	54.01	49.97	72.45	44.92
Total Current Assets	1,691	1,923	2,307	2,819	1,434	1,273
Property, Plant & Equipment	1,335	1,396	1,394	1,401	1,083	712.99
Goodwill	73.11	73.11	79.27	59.93	29.22	0.34
Other Intangible Assets	139.96	257.07	266.73	117.45	101.71	73.56
Long-Term Deferred Tax Assets	96.57	90.73	64.33	17.05	21.2	14.85
Long-Term Deferred Charges	78.24	89.13	108.43	52.7	43.38	27.68
Other Long-Term Assets	21.58	14.56	118.18	88	68.29	11.02
Total Assets	3,435	3,844	4,338	4,556	2,781	2,113
Accounts Payable	129.19	164.7	176.03	264.96	140.66	58.36
Accrued Expenses	65.94	97.73	118.38	145.47	88.67	64.09
Short-Term Debt	106.93	167.22	167.12	99.4	215.1	-
Current Portion of Leases	26.42	30.64	37.44	36.98	31.27	-
Current Income Taxes Payable	11.16	8.05	25.96	25.16	24.65	15.77
Current Unearned Revenue	88.63	117.88	124.62	190.4	106.17	75.93
Other Current Liabilities	54.09	120.54	117.03	124.15	72.34	31.73
Total Current Liabilities	482.36	706.75	766.59	886.52	678.86	245.89
Long-Term Debt	19.25	-	-	-	-	-
Long-Term Leases	45.1	47.37	78.83	91.14	50	-
Long-Term Unearned Revenue	6.07	5.64	11.18	15.82	19.34	31.32
Long-Term Deferred Tax Liabilities	0.49	2.42	14.04	9.69	12.49	15.36
Total Liabilities	553.26	762.19	870.63	1,003	760.68	292.56
Common Stock	545.74	545.76	546.08	287.01	137.02	76
Additional Paid-In Capital	1,577	1,577	1,580	1,832	720.07	755.84
Retained Earnings	747.66	946.52	1,336	1,429	1,171	988.58
Treasury Stock	-0.34	-0.73	-5.95	-8.5	-8.03	-
Comprehensive Income & Other	-0.02	-0.02	-0.01	-0	0.07	0.17
Total Common Equity	2,870	3,069	3,456	3,540	2,020	1,821
Minority Interest	12.31	12.85	11.82	12.72	-	-
Shareholders' Equity	2,882	3,081	3,467	3,552	2,020	1,821
Total Liabilities & Equity	3,435	3,844	4,338	4,556	2,781	2,113
Total Debt	197.7	245.23	283.39	227.52	296.36	-
Net Cash (Debt)	666.54	729.97	901.42	1,352	216.69	809.92
Net Cash Growth	8.95%	-19.02%	-33.33%	523.96%	-73.25%	436.64%
Net Cash Per Share	1.22	1.34	1.65	2.57	0.46	2.08
Filing Date Shares Outstanding	545.74	545.76	546.08	545.33	468.61	467.86
Total Common Shares Outstanding	545.74	545.76	546.08	545.33	468.61	467.86
Working Capital	1,208	1,216	1,541	1,933	755.29	1,027
Book Value Per Share	5.26	5.62	6.33	6.49	4.31	3.89
Tangible Book Value	2,657	2,738	3,110	3,362	1,889	1,747
Tangible Book Value Per Share	4.87	5.02	5.69	6.17	4.03	3.73
Buildings	-	731.44	440.77	411.89	405.65	138.19
Machinery	-	1,689	1,646	1,529	1,213	929.29
Construction In Progress	-	73.25	221.07	192.01	55.86	183.29

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