Royale Home Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	78.3	20.45	29.27	356.83	119.31
Short-Term Investments	-	149.74	138.16	78.41	32.14
Cash & Short-Term Investments	78.3	170.19	167.43	435.24	151.45
Cash Growth	-53.99%	1.65%	-61.53%	187.37%	-39.65%
Accounts Receivable	205.75	234.19	240.97	204.12	152.49
Other Receivables	-	1,214	1,126	975.08	347.22
Receivables	205.75	1,448	1,367	1,179	1,166
Inventory	223.55	271.35	302.4	249.08	207.03
Prepaid Expenses	746.59	71.3	69.45	131.33	62.56
Restricted Cash	12.48	5.03	233.26	116.81	567.09
Other Current Assets	-	60	20.89	4.78	8.54
Total Current Assets	1,267	2,026	2,161	2,116	2,162
Property, Plant & Equipment	706.16	975.52	1,083	1,096	1,029
Long-Term Investments	749.94	1,249	1,339	1,306	1,290
Goodwill	3.95	25.05	25.05	27.81	28.09
Other Intangible Assets	2.31	2.06	0.7	0.74	2.81
Long-Term Accounts Receivable	-	-	-	12.87	1.37
Long-Term Deferred Tax Assets	37.25	46	23.73	27.73	20.32
Other Long-Term Assets	1,732	705.19	672.74	828.85	598.03
Total Assets	4,498	5,028	5,306	5,417	5,132
Accounts Payable	146.84	205.8	220.66	128.38	86.52
Accrued Expenses	-	7.05	80.11	41.02	9.28
Short-Term Debt	51.07	1,226	400.87	652.53	887.85
Current Portion of Long-Term Debt	830.25	933.54	1,275	746.25	333.79
Current Portion of Leases	8.98	9.66	10.54	14.38	20.61
Current Income Taxes Payable	66.41	82.08	73.96	127.26	146.42
Current Unearned Revenue	-	54.2	73.15	33.28	27.17
Other Current Liabilities	152.95	146.55	122.33	89.35	68.33
Total Current Liabilities	1,256	2,665	2,257	1,832	1,580
Long-Term Debt	2,420	740.23	1,042	1,222	904.51
Long-Term Leases	11.58	19.47	37.13	45.1	20.2
Long-Term Unearned Revenue	30.34	35.37	33.2	34.2	36.96
Long-Term Deferred Tax Liabilities	69.93	122.1	149.72	146.96	365.96
Total Liabilities	3,789	3,582	3,519	3,281	2,908
Common Stock	221.59	221.59	221.59	221.59	211.7
Additional Paid-In Capital	-	934.51	934.51	958.01	996.37
Retained Earnings	-	179.48	513.63	888.38	752.96
Comprehensive Income & Other	349.86	-40.85	-48.54	-55.53	143.78
Total Common Equity	571.45	1,295	1,621	2,012	2,105
Minority Interest	137.62	151.41	165.32	123.8	119.1
Shareholders' Equity	709.07	1,446	1,787	2,136	2,224
Total Liabilities & Equity	4,498	5,028	5,306	5,417	5,132
Total Debt	3,322	2,929	2,766	2,680	2,167
Net Cash (Debt)	-3,244	-2,759	-2,599	-2,245	-2,016
Net Cash Per Share	-1.31	-1.11	-1.05	-0.90	-0.79
Filing Date Shares Outstanding	2,478	2,599	2,599	2,599	2,599
Total Common Shares Outstanding	2,478	2,599	2,599	2,599	2,599
Working Capital	10.17	-639.15	-96.11	283.98	582.34
Book Value Per Share	0.23	0.50	0.62	0.77	0.81
Tangible Book Value	565.19	1,268	1,595	1,984	2,074
Tangible Book Value Per Share	0.23	0.49	0.61	0.76	0.80
Buildings	-	654.17	648.71	556.11	547
Machinery	-	233.91	234.59	228.51	211.36
Construction In Progress	-	21.19	18.43	61.47	44.05
Leasehold Improvements	-	108.49	216.53	191.24	114.19

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.