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	2018 - 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	2018 - 2019
Cash & Equivalents	515.02	831.73	555.04	473.54	84.59	119.18	Upgrade
Trading Asset Securities	200.29	-	300.17	300.33	25	-	Upgrade
Cash & Short-Term Investments	715.31	831.73	855.21	773.87	109.59	119.18	Upgrade
Cash Growth	-16.06%	-2.74%	10.51%	606.12%	-8.04%	665.62%	Upgrade
Accounts Receivable	391.86	365.28	352.51	276.15	253.73	213.44	Upgrade
Other Receivables	15.01	12.09	8.89	6.82	3.86	2.62	Upgrade
Receivables	406.87	377.36	361.4	282.97	257.59	216.06	Upgrade
Inventory	326.32	226.91	231.99	271.32	194.3	122.73	Upgrade
Other Current Assets	45.36	39.74	41.17	46.08	14.77	5.25	Upgrade
Total Current Assets	1,494	1,476	1,490	1,374	576.25	463.21	Upgrade
Property, Plant & Equipment	1,023	824.72	660.9	592.63	510.2	242.85	Upgrade
Long-Term Investments	242.44	221.44	250.73	198.6	-	-	Upgrade
Other Intangible Assets	8.84	7.63	6.19	5.02	4.85	4.58	Upgrade
Long-Term Deferred Tax Assets	58.2	35.43	42.57	24.9	8.9	4.65	Upgrade
Long-Term Deferred Charges	37.41	39.84	36.77	34.36	-	17.04	Upgrade
Other Long-Term Assets	26.01	12.83	16.68	13.79	36.22	8.83	Upgrade
Total Assets	3,194	2,618	2,504	2,244	1,136	741.16	Upgrade
Accounts Payable	333.02	279.01	273.36	261.92	272.04	79.62	Upgrade
Accrued Expenses	39.06	39.13	30.09	27.07	25.61	34.97	Upgrade
Short-Term Debt	863	446	300	130	170	47.25	Upgrade
Current Portion of Long-Term Debt	42.51	51	45	-	-	-	Upgrade
Current Portion of Leases	-	12.53	20.45	20.73	3.42	-	Upgrade
Current Income Taxes Payable	13.22	0.4	0.48	-	0.47	8.95	Upgrade
Current Unearned Revenue	25.14	7.18	6.97	10.42	3.58	4.08	Upgrade
Other Current Liabilities	9.96	27.1	39.45	35.23	22.21	40.27	Upgrade
Total Current Liabilities	1,326	862.34	715.81	485.37	497.32	215.14	Upgrade
Long-Term Debt	-	-	30	50	-	-	Upgrade
Long-Term Leases	86.44	65.39	74.66	45.89	6.19	-	Upgrade
Long-Term Unearned Revenue	36.57	24.92	26.14	28.91	14.86	8.67	Upgrade
Long-Term Deferred Tax Liabilities	0.2	0.01	10.09	5.45	-	-	Upgrade
Total Liabilities	1,449	952.66	856.71	615.61	518.37	223.82	Upgrade
Common Stock	98.83	70.8	70.8	70.8	53.1	53.1	Upgrade
Additional Paid-In Capital	1,242	1,270	1,270	1,270	320.5	320.54	Upgrade
Retained Earnings	364.83	366.71	306.51	287.26	244.42	143.7	Upgrade
Treasury Stock	-20.52	-20.52	-	-	-	-	Upgrade
Comprehensive Income & Other	-22.59	-21.87	-0.23	0.04	0.04	-	Upgrade
Shareholders' Equity	1,745	1,665	1,647	1,628	618.06	517.34	Upgrade
Total Liabilities & Equity	3,194	2,618	2,504	2,244	1,136	741.16	Upgrade
Total Debt	991.95	574.92	470.11	246.62	179.61	47.25	Upgrade
Net Cash (Debt)	-276.64	256.81	385.1	527.25	-70.02	71.93	Upgrade
Net Cash Growth	-	-33.31%	-26.96%	-	-	362.09%	Upgrade
Net Cash Per Share	-2.79	2.58	3.84	6.42	-0.94	0.97	Upgrade
Filing Date Shares Outstanding	98.08	98.08	99.12	99.12	74.34	74.34	Upgrade
Total Common Shares Outstanding	98.08	98.08	99.12	99.12	74.34	74.34	Upgrade
Working Capital	167.96	613.4	773.96	888.87	78.93	248.07	Upgrade
Book Value Per Share	16.95	16.98	16.61	16.42	8.31	6.96	Upgrade
Tangible Book Value	1,350	1,657	1,641	1,623	613.2	512.77	Upgrade
Tangible Book Value Per Share	13.76	16.90	16.55	16.37	8.25	6.90	Upgrade
Buildings	-	13.77	13.77	13.77	13.77	13.77	Upgrade
Machinery	-	750.8	660.13	558.99	365.18	263.44	Upgrade
Construction In Progress	-	238.55	94.86	113.93	207.3	18.95	Upgrade

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