Xi'an Sinofuse Electric 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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	267.8	288.18	216.11	130.34	78.48	29.48	Upgrade
Short-Term Investments	-	-	-	87.09	180.23	-	Upgrade
Trading Asset Securities	150	-	-	-	90	30	Upgrade
Cash & Short-Term Investments	417.8	288.18	216.11	217.43	348.71	59.48	Upgrade
Cash Growth	103.30%	33.34%	-0.61%	-37.65%	486.23%	-16.38%	Upgrade
Accounts Receivable	1,295	1,048	684.59	536.4	313.16	194.46	Upgrade
Other Receivables	4.42	2.7	1.63	-	1.47	-	Upgrade
Receivables	1,299	1,051	686.22	536.4	314.63	194.46	Upgrade
Inventory	300	228.39	228.01	226.6	115.98	50.11	Upgrade
Other Current Assets	13.26	5.53	3.46	10.43	7.32	9.63	Upgrade
Total Current Assets	2,030	1,573	1,134	990.86	786.65	313.68	Upgrade
Property, Plant & Equipment	598.45	532.47	439.34	314.01	163.3	39.32	Upgrade
Long-Term Investments	27.83	24.5	27.44	-	-	-	Upgrade
Other Intangible Assets	62.78	57.99	29.54	24.33	12.39	11.78	Upgrade
Long-Term Deferred Tax Assets	19.59	12.93	11.22	6.55	3.3	2.46	Upgrade
Long-Term Deferred Charges	17.61	23.12	22.22	0.51	0.49	0.86	Upgrade
Other Long-Term Assets	20.22	15.25	19.66	29.03	9.78	6.24	Upgrade
Total Assets	2,789	2,239	1,683	1,365	975.91	374.33	Upgrade
Accounts Payable	853.56	640.14	440.25	437.75	232.07	114.08	Upgrade
Accrued Expenses	78.78	62.16	54.34	30.24	13.18	10.43	Upgrade
Short-Term Debt	99.19	231.72	183.49	-	-	-	Upgrade
Current Portion of Long-Term Debt	6.66	0.29	-	10.05	-	-	Upgrade
Current Portion of Leases	-	5.49	0.98	0.62	1.69	-	Upgrade
Current Income Taxes Payable	30.22	13.56	15.61	19.62	4.13	2.2	Upgrade
Current Unearned Revenue	3.09	1.5	0.51	0.44	0.55	0.16	Upgrade
Other Current Liabilities	2.31	1.05	0.53	1.52	0.36	0.27	Upgrade
Total Current Liabilities	1,074	955.91	695.71	500.24	251.98	127.14	Upgrade
Long-Term Debt	291.75	115.7	-	25.1	-	-	Upgrade
Long-Term Leases	2.75	5.27	0.26	0.77	0.02	-	Upgrade
Long-Term Unearned Revenue	1.12	1.26	1.44	1.63	0.23	-	Upgrade
Long-Term Deferred Tax Liabilities	1.72	1.02	0.29	0.17	0.33	0.51	Upgrade
Total Liabilities	1,371	1,079	697.7	527.91	252.57	127.65	Upgrade
Common Stock	103.32	66.28	66.28	66.28	66.28	49.71	Upgrade
Additional Paid-In Capital	606.98	594.25	538.02	465.74	465.74	86.12	Upgrade
Retained Earnings	718.74	523.12	382.58	305.36	191.33	110.85	Upgrade
Treasury Stock	-20.14	-20.14	-	-	-	-	Upgrade
Comprehensive Income & Other	-2.16	-3.51	-1.36	-	-	-	Upgrade
Total Common Equity	1,407	1,160	985.52	837.38	723.34	246.68	Upgrade
Minority Interest	10.82	-	-	-	-	-	Upgrade
Shareholders' Equity	1,418	1,160	985.52	837.38	723.34	246.68	Upgrade
Total Liabilities & Equity	2,789	2,239	1,683	1,365	975.91	374.33	Upgrade
Total Debt	400.35	358.47	184.72	36.54	1.71	-	Upgrade
Net Cash (Debt)	17.45	-70.29	31.39	180.89	347	59.48	Upgrade
Net Cash Growth	-	-	-82.65%	-47.87%	483.36%	-16.38%	Upgrade
Net Cash Per Share	0.17	-0.68	0.31	1.84	3.96	0.81	Upgrade
Filing Date Shares Outstanding	103.06	97.7	98.09	98.09	98.09	73.57	Upgrade
Total Common Shares Outstanding	103.06	97.7	98.09	98.09	98.09	73.57	Upgrade
Working Capital	956.3	616.99	438.09	490.61	534.67	186.54	Upgrade
Book Value Per Share	13.65	11.87	10.05	8.54	7.37	3.35	Upgrade
Tangible Book Value	1,332	1,102	955.98	813.04	710.95	234.9	Upgrade
Tangible Book Value Per Share	12.92	11.28	9.75	8.29	7.25	3.19	Upgrade
Buildings	-	256.23	256.23	198	-	-	Upgrade
Machinery	-	242.12	154.2	78.16	-	36.32	Upgrade
Construction In Progress	-	97.59	70.67	57.18	127.36	14.11	Upgrade

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