ValueHD 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	768.04	514.03	564.78	415.21	78.44	180.71
Short-Term Investments	-	208.92	-	-	-	-
Trading Asset Securities	427.47	656.36	760.29	804.06	287.96	-
Cash & Short-Term Investments	1,196	1,379	1,325	1,219	366.41	180.71
Cash Growth	1.01%	4.09%	8.68%	232.77%	102.76%	116.92%
Accounts Receivable	122.52	162.15	120.32	175.93	119.06	123.78
Other Receivables	4.8	8.52	6.6	6.61	3.89	11.93
Receivables	127.32	170.67	126.93	182.53	122.95	135.71
Inventory	174.74	219.37	129.82	119.82	112	117.26
Prepaid Expenses	-	-	-	1.18	-	8.4
Other Current Assets	234.04	9.37	7.48	2.2	10.28	75.47
Total Current Assets	1,732	1,779	1,589	1,525	611.63	517.55
Property, Plant & Equipment	88.77	85.78	70.96	73.31	62.57	7.05
Long-Term Investments	16.76	16.76	8.16	3.21	2.93	3.34
Goodwill	16.14	16.14	1.07	1.07	1.07	1.07
Other Intangible Assets	20.22	19.94	1.34	1.52	1.47	1.67
Long-Term Deferred Tax Assets	4.74	4.84	2.99	2.7	1.39	1.57
Long-Term Deferred Charges	5.36	6.28	3.65	2.46	3.22	1.99
Other Long-Term Assets	183.61	157.18	215.24	243.58	2.41	0.11
Total Assets	2,069	2,087	1,894	1,853	686.7	534.34
Accounts Payable	61.25	81.37	55.08	60.18	52.21	73.84
Accrued Expenses	12.31	43.85	27.94	36.01	28.91	25.42
Short-Term Debt	-	4	-	-	-	-
Current Portion of Leases	10.51	10.26	15.08	12.77	9.17	-
Current Income Taxes Payable	4	0.52	0.03	0	-	2.46
Current Unearned Revenue	25.93	28.75	9.29	7.55	7.95	-
Other Current Liabilities	19.77	21.28	2.5	9.31	5.16	43.51
Total Current Liabilities	133.76	190.03	109.92	125.82	103.4	145.23
Long-Term Leases	37.62	40.89	26.38	36.86	38.41	-
Long-Term Unearned Revenue	-	-	-	-	0.18	1.06
Long-Term Deferred Tax Liabilities	1.43	1.56	0	0	-	-
Total Liabilities	172.81	232.48	136.31	162.69	141.99	146.29
Common Stock	135.13	135.13	104.12	69.41	52.05	52.05
Additional Paid-In Capital	1,041	1,036	1,073	1,103	68.52	61.16
Retained Earnings	720.16	684.79	577.78	516.43	423.49	273.78
Treasury Stock	-13.81	-16.31	-	-	-	-
Comprehensive Income & Other	-6.49	-6.49	2.57	0.92	0.65	1.05
Total Common Equity	1,876	1,833	1,758	1,690	544.71	388.05
Minority Interest	20.28	20.82	-	-	-	-
Shareholders' Equity	1,896	1,854	1,758	1,690	544.71	388.05
Total Liabilities & Equity	2,069	2,087	1,894	1,853	686.7	534.34
Total Debt	48.13	55.15	41.46	49.64	47.58	-
Net Cash (Debt)	1,147	1,324	1,284	1,170	318.82	180.71
Net Cash Growth	1.15%	3.16%	9.74%	266.86%	76.42%	116.92%
Net Cash Per Share	7.41	9.80	9.53	10.36	3.15	1.82
Filing Date Shares Outstanding	133.6	134.87	135.35	135.35	101.5	101.5
Total Common Shares Outstanding	133.6	134.87	135.35	135.35	101.5	101.5
Working Capital	1,598	1,589	1,479	1,399	508.22	372.32
Book Value Per Share	14.04	13.59	12.99	12.49	5.37	3.82
Tangible Book Value	1,839	1,797	1,755	1,688	542.17	385.31
Tangible Book Value Per Share	13.77	13.33	12.97	12.47	5.34	3.80
Machinery	-	71.68	54.85	41.88	27.1	-

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