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 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	Jan '22 Jan 1, 2022
Cash & Equivalents	486.82	220.27	288.18	216.11	130.34	78.48
Short-Term Investments	-	-	-	-	87.09	180.23
Trading Asset Securities	50.09	205.58	-	-	-	90
Cash & Short-Term Investments	536.9	425.85	288.18	216.11	217.43	348.71
Cash Growth	50.72%	47.77%	33.34%	-0.61%	-37.65%	486.23%
Accounts Receivable	1,754	1,581	1,048	684.59	536.4	313.16
Other Receivables	2.46	2.97	2.7	1.63	-	1.47
Receivables	1,757	1,584	1,051	686.22	536.4	314.63
Inventory	390.09	287.54	228.39	228.01	226.6	115.98
Other Current Assets	13.96	10.96	5.53	3.46	10.43	7.32
Total Current Assets	2,698	2,308	1,573	1,134	990.86	786.65
Property, Plant & Equipment	678.76	643.67	532.47	439.34	314.01	163.3
Long-Term Investments	25.49	26.3	24.5	27.44	-	-
Goodwill	12.29	12.29	-	-	-	-
Other Intangible Assets	64.7	65.26	57.99	29.54	24.33	12.39
Long-Term Deferred Tax Assets	32.31	37.87	12.93	11.22	6.55	3.3
Long-Term Deferred Charges	19.61	18.13	23.12	22.22	0.51	0.49
Other Long-Term Assets	25.95	15.12	15.25	19.66	29.03	9.78
Total Assets	3,557	3,127	2,239	1,683	1,365	975.91
Accounts Payable	1,266	1,071	640.14	440.25	437.75	232.07
Accrued Expenses	43.41	77.18	62.16	54.34	30.24	13.18
Short-Term Debt	140.93	42.38	231.72	183.49	-	-
Current Portion of Long-Term Debt	12.9	19.54	0.29	-	10.05	-
Current Portion of Leases	-	-	5.49	0.98	0.62	1.69
Current Income Taxes Payable	16.23	40.04	13.56	15.61	19.62	4.13
Current Unearned Revenue	4.2	2.51	1.5	0.51	0.44	0.55
Other Current Liabilities	107.33	1.17	1.05	0.53	1.52	0.36
Total Current Liabilities	1,591	1,254	955.91	695.71	500.24	251.98
Long-Term Debt	301.48	279.55	115.7	-	25.1	-
Long-Term Leases	16.31	1.84	5.27	0.26	0.77	0.02
Long-Term Unearned Revenue	1.03	1.08	1.26	1.44	1.63	0.23
Long-Term Deferred Tax Liabilities	2.77	1.67	1.02	0.29	0.17	0.33
Total Liabilities	1,913	1,538	1,079	697.7	527.91	252.57
Common Stock	98.32	98.32	66.28	66.28	66.28	66.28
Additional Paid-In Capital	629.14	626.03	594.25	538.02	465.74	465.74
Retained Earnings	992.81	878.38	523.12	382.58	305.36	191.33
Treasury Stock	-20.14	-20.14	-20.14	-	-	-
Comprehensive Income & Other	-64.63	-3.03	-3.51	-1.36	-	-
Total Common Equity	1,636	1,580	1,160	985.52	837.38	723.34
Minority Interest	8.72	9.5	-	-	-	-
Shareholders' Equity	1,644	1,589	1,160	985.52	837.38	723.34
Total Liabilities & Equity	3,557	3,127	2,239	1,683	1,365	975.91
Total Debt	471.61	343.31	358.47	184.72	36.54	1.71
Net Cash (Debt)	65.29	82.54	-70.29	31.39	180.89	347
Net Cash Growth	-	-	-	-82.65%	-47.87%	483.36%
Net Cash Per Share	0.66	0.83	-0.68	0.31	1.84	3.96
Filing Date Shares Outstanding	98.33	82.33	97.7	98.09	98.09	98.09
Total Common Shares Outstanding	98.33	82.33	97.7	98.09	98.09	98.09
Working Capital	1,107	1,055	616.99	438.09	490.61	534.67
Book Value Per Share	16.63	19.19	11.87	10.05	8.54	7.37
Tangible Book Value	1,559	1,502	1,102	955.98	813.04	710.95
Tangible Book Value Per Share	15.85	18.24	11.28	9.75	8.29	7.25
Buildings	-	-	256.23	256.23	198	-
Machinery	-	-	242.12	154.2	78.16	-
Construction In Progress	-	-	97.59	70.67	57.18	127.36

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