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 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	738.35	647.59	831.73	555.04	473.54	84.59
Trading Asset Securities	30	10	-	300.17	300.33	25
Cash & Short-Term Investments	768.35	657.59	831.73	855.21	773.87	109.59
Cash Growth	-18.24%	-20.94%	-2.74%	10.51%	606.12%	-8.04%
Accounts Receivable	353.85	343.11	365.28	352.51	276.15	253.73
Other Receivables	11.67	7.44	12.09	8.89	6.82	3.86
Receivables	365.52	350.55	377.36	361.4	282.97	257.59
Inventory	382.54	315.56	226.91	231.99	271.32	194.3
Other Current Assets	90.79	73.09	39.74	41.17	46.08	14.77
Total Current Assets	1,607	1,397	1,476	1,490	1,374	576.25
Property, Plant & Equipment	1,019	1,033	824.72	660.9	592.63	510.2
Long-Term Investments	215.52	239.52	221.44	250.73	198.6	-
Goodwill	296.67	296.67	-	-	-	-
Other Intangible Assets	24.67	25.51	7.63	6.19	5.02	4.85
Long-Term Deferred Tax Assets	83.94	72.48	35.43	42.57	24.9	8.9
Long-Term Deferred Charges	64.33	61.53	39.84	36.77	34.36	-
Other Long-Term Assets	36.98	18.95	12.83	16.68	13.79	36.22
Total Assets	3,349	3,145	2,618	2,504	2,244	1,136
Accounts Payable	319.09	334.04	279.01	273.36	261.92	272.04
Accrued Expenses	43.54	40.89	39.13	30.09	27.07	25.61
Short-Term Debt	1,025	842	446	300	130	170
Current Portion of Long-Term Debt	17.62	20.74	51	45	-	-
Current Portion of Leases	-	-	12.53	20.45	20.73	3.42
Current Income Taxes Payable	3.5	9.49	0.4	0.48	-	0.47
Current Unearned Revenue	30.21	16.32	7.18	6.97	10.42	3.58
Other Current Liabilities	5.58	8.54	27.1	39.45	35.23	22.21
Total Current Liabilities	1,445	1,272	862.34	715.81	485.37	497.32
Long-Term Debt	20	-	-	30	50	-
Long-Term Leases	82.53	84.66	65.39	74.66	45.89	6.19
Long-Term Unearned Revenue	34.76	36.43	24.92	26.14	28.91	14.86
Long-Term Deferred Tax Liabilities	1.69	1.68	0.01	10.09	5.45	-
Total Liabilities	1,584	1,395	952.66	856.71	615.61	518.37
Common Stock	98.83	98.83	70.8	70.8	70.8	53.1
Additional Paid-In Capital	1,244	1,242	1,270	1,270	1,270	320.5
Retained Earnings	360.97	359.95	366.71	306.51	287.26	244.42
Treasury Stock	-20.52	-20.52	-20.52	-	-	-
Comprehensive Income & Other	-28.17	-27.13	-21.87	-0.23	0.04	0.04
Total Common Equity	1,655	1,653	1,665	1,647	1,628	618.06
Minority Interest	110.16	96.98	-	-	-	-
Shareholders' Equity	1,765	1,750	1,665	1,647	1,628	618.06
Total Liabilities & Equity	3,349	3,145	2,618	2,504	2,244	1,136
Total Debt	1,145	947.4	574.92	470.11	246.62	179.61
Net Cash (Debt)	-376.81	-289.8	256.81	385.1	527.25	-70.02
Net Cash Growth	-	-	-33.31%	-26.96%	-	-
Net Cash Per Share	-3.54	-2.80	2.58	3.84	6.42	-0.94
Filing Date Shares Outstanding	108.88	119.92	98.08	99.12	99.12	74.34
Total Common Shares Outstanding	108.88	119.92	98.08	99.12	99.12	74.34
Working Capital	162.67	124.78	613.4	773.96	888.87	78.93
Book Value Per Share	15.20	13.78	16.98	16.61	16.42	8.31
Tangible Book Value	1,334	1,331	1,657	1,641	1,623	613.2
Tangible Book Value Per Share	12.25	11.10	16.90	16.55	16.37	8.25
Buildings	-	-	13.77	13.77	13.77	13.77
Machinery	-	-	750.8	660.13	558.99	365.18
Construction In Progress	-	-	238.55	94.86	113.93	207.3

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