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

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