Shanghai XFH Technology 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	Dec '21 Dec 31, 2021
Cash & Equivalents	152.71	320.59	278.31	596.37	621.77	316.62
Trading Asset Securities	24.23	30.22	131.69	416.6	-	50.72
Cash & Short-Term Investments	176.94	350.81	410	1,013	621.77	367.34
Cash Growth	-62.18%	-14.44%	-59.52%	62.92%	69.27%	3.98%
Accounts Receivable	1,318	1,124	854.57	819.52	1,320	860.08
Other Receivables	2.1	1.51	0.5	0.82	2.35	3.21
Receivables	1,320	1,125	855.06	820.34	1,322	863.28
Inventory	585.91	625.51	772.48	763.59	856.87	198.54
Other Current Assets	229.57	162.6	118.27	131.72	155.39	150.48
Total Current Assets	2,313	2,264	2,156	2,729	2,956	1,580
Property, Plant & Equipment	2,584	2,402	1,864	1,546	1,090	670.48
Long-Term Investments	92.13	91.41	89.78	91.03	92.94	4
Other Intangible Assets	261.33	262.84	267.86	271.55	95.47	58.27
Long-Term Deferred Tax Assets	39.18	34.59	32.38	17.35	17.97	17.7
Long-Term Deferred Charges	1.23	1.53	0.87	2.08	2.73	0.76
Other Long-Term Assets	63.78	45.26	25.03	36.78	152.12	30.51
Total Assets	5,354	5,102	4,436	4,693	4,407	2,361
Accounts Payable	579.49	467.82	691.64	1,031	1,517	742.35
Accrued Expenses	11.19	19.01	14.37	19.33	37.43	14.03
Short-Term Debt	650.72	634.59	331.49	511.99	936.26	237.83
Current Portion of Long-Term Debt	125.68	125.74	125.23	75.03	-	-
Current Portion of Leases	-	-	16.39	49.9	5.01	3.9
Current Income Taxes Payable	18.79	15.94	3.14	7.54	0.15	6.7
Current Unearned Revenue	0.47	0.68	-	0	9.92	100.29
Other Current Liabilities	1.43	2.46	2.91	0.94	1.43	27.92
Total Current Liabilities	1,388	1,266	1,185	1,695	2,507	1,133
Long-Term Debt	1,436	1,350	859.83	917.7	130.4	-
Long-Term Leases	26.43	27.84	33.27	49.38	43.54	30.96
Long-Term Unearned Revenue	131.53	108.23	85.98	66.9	51.21	41.19
Long-Term Deferred Tax Liabilities	8.18	8.55	9.89	11.35	12.73	-
Total Liabilities	2,990	2,761	2,174	2,741	2,745	1,205
Common Stock	119.15	119.14	119.03	109.34	107.84	100
Additional Paid-In Capital	1,343	1,343	1,315	1,075	1,033	672.4
Retained Earnings	676.86	653.42	599.25	584.7	501.79	341.16
Treasury Stock	-	-	-	-51.03	-3.24	-
Comprehensive Income & Other	135.88	135.93	136.84	191.48	-1.06	33.25
Total Common Equity	2,275	2,251	2,170	1,909	1,639	1,147
Minority Interest	89.46	90	91.94	43.19	23.4	9.38
Shareholders' Equity	2,364	2,341	2,262	1,952	1,662	1,156
Total Liabilities & Equity	5,354	5,102	4,436	4,693	4,407	2,361
Total Debt	2,239	2,138	1,366	1,604	1,115	272.7
Net Cash (Debt)	-2,062	-1,787	-956.22	-591.03	-493.42	94.64
Net Cash Growth	-	-	-	-	-	-60.73%
Net Cash Per Share	-17.31	-15.01	-8.76	-5.46	-4.48	0.93
Filing Date Shares Outstanding	119.15	119.15	119.03	108.03	107.84	100
Total Common Shares Outstanding	119.15	119.15	119.03	108.03	107.84	100
Working Capital	924.97	998.08	970.62	1,033	449	446.61
Book Value Per Share	19.09	18.90	18.23	17.67	15.19	11.47
Tangible Book Value	2,014	1,989	1,902	1,638	1,543	1,089
Tangible Book Value Per Share	16.90	16.69	15.98	15.16	14.31	10.89
Buildings	-	-	740.2	667.77	343.55	258.03
Machinery	-	-	1,046	849.76	572.91	296.97
Construction In Progress	-	-	361.5	187.76	261.04	160.63

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