Shanshan Brand Management 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	110.07	106.46	143.22	114.69	84.27
Trading Asset Securities	0.49	0.65	0.26	0.28	-
Cash & Short-Term Investments	110.55	107.1	143.48	114.97	84.27
Cash Growth	3.22%	-25.36%	24.80%	36.44%	-24.31%
Accounts Receivable	176.46	239.83	223.12	205.41	175.46
Other Receivables	-	0.62	0.62	2.34	1.08
Receivables	176.46	240.45	223.75	207.75	176.54
Inventory	222.36	278.22	230.36	311.94	389.73
Other Current Assets	31.88	29.61	25.76	47.09	65
Total Current Assets	541.25	655.39	623.35	681.75	715.53
Property, Plant & Equipment	204.2	126.69	65.28	31.96	63.24
Long-Term Investments	8.72	8.14	7.61	10.33	13.32
Other Intangible Assets	3.16	4.89	6.51	8.31	5.99
Long-Term Deferred Tax Assets	21.7	20.27	19	23.57	19.18
Other Long-Term Assets	13.43	4.18	4.64	2.66	8.17
Total Assets	792.46	819.55	726.39	758.58	825.43
Accounts Payable	138.9	216.08	151.56	155.33	160.4
Short-Term Debt	170	145	135	157.5	172.88
Current Portion of Leases	16.08	11.47	7.44	9.24	13.83
Current Income Taxes Payable	0.23	6.12	2.71	-	-
Current Unearned Revenue	10.52	31.81	34.37	28.45	31.56
Other Current Liabilities	112.46	115.12	119.83	160.67	213.58
Total Current Liabilities	448.19	525.6	450.91	511.19	592.24
Long-Term Debt	52.7	-	-	-	-
Long-Term Leases	6.11	6.21	3.48	5.92	13.98
Long-Term Unearned Revenue	-	-	0.88	1.89	-
Other Long-Term Liabilities	11.97	11.46	17.35	12.07	7.71
Total Liabilities	518.96	543.27	472.61	531.07	613.93
Common Stock	133.4	133.4	133.4	133.4	133.4
Retained Earnings	108.22	110.99	88.49	62.22	46.22
Comprehensive Income & Other	31.88	31.88	31.88	31.88	31.88
Total Common Equity	273.5	276.28	253.77	227.51	211.5
Shareholders' Equity	273.5	276.28	253.77	227.51	211.5
Total Liabilities & Equity	792.46	819.55	726.39	758.58	825.43
Total Debt	244.89	162.68	145.92	172.66	200.68
Net Cash (Debt)	-134.34	-55.58	-2.44	-57.69	-116.42
Net Cash Per Share	-1.01	-0.42	-0.02	-0.43	-0.87
Filing Date Shares Outstanding	133.4	133.4	133.4	133.4	133.4
Total Common Shares Outstanding	133.4	133.4	133.4	133.4	133.4
Working Capital	93.07	129.78	172.44	170.55	123.29
Book Value Per Share	2.05	2.07	1.90	1.71	1.59
Tangible Book Value	270.34	271.39	247.27	219.19	205.51
Tangible Book Value Per Share	2.03	2.03	1.85	1.64	1.54
Machinery	107.55	132.08	138.05	124.63	119.04
Construction In Progress	123.78	49.96	-	-	-
Leasehold Improvements	2.31	2.31	2.14	2.14	2.14

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