Chongqing VDL Electronics 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	515.02	831.73	555.04	473.54	84.59	119.18
Trading Asset Securities	200.29	-	300.17	300.33	25	-
Cash & Short-Term Investments	715.31	831.73	855.21	773.87	109.59	119.18
Cash Growth	-16.06%	-2.74%	10.51%	606.12%	-8.04%	665.62%
Accounts Receivable	391.86	365.28	352.51	276.15	253.73	213.44
Other Receivables	15.01	12.09	8.89	6.82	3.86	2.62
Receivables	406.87	377.36	361.4	282.97	257.59	216.06
Inventory	326.32	226.91	231.99	271.32	194.3	122.73
Other Current Assets	45.36	39.74	41.17	46.08	14.77	5.25
Total Current Assets	1,494	1,476	1,490	1,374	576.25	463.21
Property, Plant & Equipment	1,023	824.72	660.9	592.63	510.2	242.85
Long-Term Investments	242.44	221.44	250.73	198.6	-	-
Other Intangible Assets	8.84	7.63	6.19	5.02	4.85	4.58
Long-Term Deferred Tax Assets	58.2	35.43	42.57	24.9	8.9	4.65
Long-Term Deferred Charges	37.41	39.84	36.77	34.36	-	17.04
Other Long-Term Assets	26.01	12.83	16.68	13.79	36.22	8.83
Total Assets	3,194	2,618	2,504	2,244	1,136	741.16
Accounts Payable	333.02	279.01	273.36	261.92	272.04	79.62
Accrued Expenses	39.06	39.13	30.09	27.07	25.61	34.97
Short-Term Debt	863	446	300	130	170	47.25
Current Portion of Long-Term Debt	42.51	51	45	-	-	-
Current Portion of Leases	-	12.53	20.45	20.73	3.42	-
Current Income Taxes Payable	13.22	0.4	0.48	-	0.47	8.95
Current Unearned Revenue	25.14	7.18	6.97	10.42	3.58	4.08
Other Current Liabilities	9.96	27.1	39.45	35.23	22.21	40.27
Total Current Liabilities	1,326	862.34	715.81	485.37	497.32	215.14
Long-Term Debt	-	-	30	50	-	-
Long-Term Leases	86.44	65.39	74.66	45.89	6.19	-
Long-Term Unearned Revenue	36.57	24.92	26.14	28.91	14.86	8.67
Long-Term Deferred Tax Liabilities	0.2	0.01	10.09	5.45	-	-
Total Liabilities	1,449	952.66	856.71	615.61	518.37	223.82
Common Stock	98.83	70.8	70.8	70.8	53.1	53.1
Additional Paid-In Capital	1,242	1,270	1,270	1,270	320.5	320.54
Retained Earnings	364.83	366.71	306.51	287.26	244.42	143.7
Treasury Stock	-20.52	-20.52	-	-	-	-
Comprehensive Income & Other	-22.59	-21.87	-0.23	0.04	0.04	-
Shareholders' Equity	1,745	1,665	1,647	1,628	618.06	517.34
Total Liabilities & Equity	3,194	2,618	2,504	2,244	1,136	741.16
Total Debt	991.95	574.92	470.11	246.62	179.61	47.25
Net Cash (Debt)	-276.64	256.81	385.1	527.25	-70.02	71.93
Net Cash Growth	-	-33.31%	-26.96%	-	-	362.09%
Net Cash Per Share	-2.79	2.58	3.84	6.42	-0.94	0.97
Filing Date Shares Outstanding	98.08	98.08	99.12	99.12	74.34	74.34
Total Common Shares Outstanding	98.08	98.08	99.12	99.12	74.34	74.34
Working Capital	167.96	613.4	773.96	888.87	78.93	248.07
Book Value Per Share	16.95	16.98	16.61	16.42	8.31	6.96
Tangible Book Value	1,350	1,657	1,641	1,623	613.2	512.77
Tangible Book Value Per Share	13.76	16.90	16.55	16.37	8.25	6.90
Buildings	-	13.77	13.77	13.77	13.77	13.77
Machinery	-	750.8	660.13	558.99	365.18	263.44
Construction In Progress	-	238.55	94.86	113.93	207.3	18.95

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.