Balance Sheet

Current Liabilities	422.8m
Accounts Payable	49.3m
Accrued Liabilities	5m
Short-Term Debt	317.8m
Other Current Liabilities	50.6m
Non-Current Liabilities	178.1m
Long-Term Debt	125.9m
Other Non-Current Liabilities	52.2m

Currency: CNY

	Dec-2016	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022
Assets
Cash & Cash Equivalents	16	35	21	440	222	200	180
Cash	0	0	0	0	0	0	180
Cash Equivalents	16	35	21	440	222	200	0
Short-Term Investments	0	0	0	0	167	58	33
Total Receivables	87	138	172	185	234	246	127
Accounts Receivables	48	78	98	121	118	179	85
Other Receivables	39	60	75	65	117	67	41
Inventory	36	95	135	150	180	229	304
Other Current Assets	1	5	9	12	44	115	55
Total Current Assets	140	273	338	787	847	848	697
PP&E Net	147	171	198	240	326	523	662
PP&E Gross	147	171	198	240	326	523	662
Accumulated Depreciation	29	39	53	70	90	116	152
Intangible Assets	35	35	34	33	33	45	58
Long-Term Investments	2	3	3	3	4	4	4
Other Long-Term Assets	3	5	5	5	9	11	19
Total Assets	327 N/A	486 +48%	577 +19%	1 068 +85%	1 218 +14%	1 431 +17%	1 441 +1%
Liabilities
Accounts Payable	28	33	56	46	53	62	42
Accrued Liabilities	9	12	10	8	16	17	7
Short-Term Debt	75	48	90	97	178	335	267
Current Portion of Long-Term Debt	10	13	10	35	0	3	19
Other Current Liabilities	4	27	32	27	20	17	10
Total Current Liabilities	126	133	197	213	267	434	345
Long-Term Debt	26	45	35	0	10	11	122
Deferred Income Tax	0	0	0	0	0	0	0
Minority Interest	0	1	0	0	21	17	12
Other Liabilities	23	22	23	24	25	32	41
Total Liabilities	175 N/A	202 +15%	255 +26%	237 -7%	322 +36%	494 +53%	520 +5%
Equity
Common Stock	53	57	57	77	77	77	77
Retained Earnings	4	52	90	141	206	247	219
Additional Paid In Capital	103	176	176	613	613	613	624
Total Equity	153 N/A	284 +86%	323 +13%	831 +158%	896 +8%	937 +5%	921 -2%
Total Liabilities & Equity	327 N/A	486 +48%	577 +19%	1 068 +85%	1 218 +14%	1 431 +17%	1 441 +1%
Shares Outstanding
Common Shares Outstanding	53	57	57	77	77	77	77

Aofu Environmental Technology Co Ltd
SSE:688021