Busy Ming Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	10,617	3,737	1,936	1,721	388.27
Short-Term Investments	-	332.05	367.31	82	72.31
Trading Asset Securities	300	-	30.11	-	50
Cash & Short-Term Investments	10,917	4,069	2,333	1,803	510.57
Cash Growth	-	74.36%	29.43%	253.10%	-
Accounts Receivable	14.49	7.39	153.11	60.03	3.63
Other Receivables	-	273.85	287.86	71.09	22.88
Receivables	14.49	281.25	440.97	131.12	26.52
Inventory	2,481	2,490	1,674	632.18	200.17
Restricted Cash	15.66	7.69	5.09	10.04	12.2
Other Current Assets	1,685	1,305	1,660	318.93	13.07
Total Current Assets	15,113	8,153	6,114	2,895	762.52
Property, Plant & Equipment	1,011	934.21	513.75	292.3	69.83
Long-Term Investments	84.2	104.04	75.97	61.67	-
Goodwill	2,250	2,250	2,250	2,250	-
Other Intangible Assets	1,026	1,033	1,030	1,020	5.94
Long-Term Deferred Tax Assets	91.41	92.14	159.57	102.71	28.75
Other Long-Term Assets	44.6	34.28	24.97	76.11	65.98
Total Assets	19,621	12,601	10,168	6,699	933.01

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Accounts Payable	1,376	1,177	1,495	602.12	117.81
Accrued Expenses	-	805.82	472.34	315.11	32.18
Short-Term Debt	-	-	491	-	-
Current Portion of Leases	210.39	199.48	110.64	74.92	19.86
Current Income Taxes Payable	490.95	295.32	219.06	102	6.84
Current Unearned Revenue	1,252	933.27	763.22	404.66	48.51
Other Current Liabilities	1,630	586.25	352.81	124.87	29.96
Total Current Liabilities	4,959	3,997	3,904	1,624	255.15
Long-Term Leases	147.06	179.37	147.27	66.68	31.83
Long-Term Unearned Revenue	107.94	86.05	139.97	160.63	53.84
Long-Term Deferred Tax Liabilities	245.12	246.45	249.09	252.94	0.09
Other Long-Term Liabilities	7.49	7.55	-	-	-
Total Liabilities	5,466	4,517	4,440	2,104	340.92

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Common Stock	217.84	200	-	-	-
Additional Paid-In Capital	-	-	24.72	15.3	5.5
Retained Earnings	-	2,926	912.41	110.99	87.73
Comprehensive Income & Other	13,937	4,958	4,791	4,461	498.87
Total Common Equity	14,155	8,084	5,728	4,588	592.09
Minority Interest	-	-	-	7.25	-
Shareholders' Equity	14,155	8,084	5,728	4,595	592.09
Total Liabilities & Equity	19,621	12,601	10,168	6,699	933.01

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Total Debt	357.45	378.85	748.91	141.6	51.69
Net Cash (Debt)	10,560	3,690	1,585	1,661	458.88
Net Cash Growth	-	132.86%	-4.62%	262.02%	-
Net Cash Per Share	50.88	18.66	12.28	34.00	12.51
Filing Date Shares Outstanding	214.87	200	147.05	48.86	36.69
Total Common Shares Outstanding	214.87	200	147.05	48.86	36.69
Working Capital	10,155	4,156	2,210	1,271	507.37
Book Value Per Share	65.88	40.42	38.95	93.89	16.14
Tangible Book Value	10,878	4,801	2,448	1,317	586.16
Tangible Book Value Per Share	50.63	24.01	16.65	26.95	15.98
Machinery	-	144.06	94.92	50.21	21.7
Construction In Progress	-	307.33	60.06	5.82	3.29
Leasehold Improvements	-	91.35	37.82	12.86	4.26