KWG Group 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	634.39	787.45	1,719	10,338	29,447
Short-Term Investments	-	8,639	9,063	11,143	8,922
Cash & Short-Term Investments	634.39	9,427	10,783	21,481	38,369
Cash Growth	-93.27%	-12.58%	-49.80%	-44.02%	-22.85%
Accounts Receivable	246.73	287.54	331.65	491.38	1,369
Other Receivables	1,171	19.13	21.53	22.53	22.53
Receivables	1,418	306.67	353.18	513.91	1,391
Inventory	57,876	62,116	68,530	78,305	76,181
Prepaid Expenses	-	3,320	3,354	3,846	3,908
Other Current Assets	14,001	2,933	4,208	4,609	3,861
Total Current Assets	73,929	78,102	87,228	108,754	123,711
Property, Plant & Equipment	8,896	9,061	9,804	10,355	10,079
Long-Term Investments	37,675	38,735	40,523	45,490	62,263
Other Intangible Assets	3,229	3,453	3,598	3,763	4,054
Long-Term Deferred Tax Assets	2,163	2,112	2,033	3,538	3,094
Other Long-Term Assets	21,673	21,874	24,279	27,985	29,049
Total Assets	147,564	153,336	167,465	199,884	232,249
Accounts Payable	19,188	18,928	19,403	15,541	13,348
Accrued Expenses	-	7,571	7,404	7,632	7,835
Short-Term Debt	-	14,718	8,733	7,204	4,085
Current Portion of Long-Term Debt	53,047	31,475	32,354	15,041	16,249
Current Portion of Leases	9.14	17.96	51.49	144.33	215.16
Current Income Taxes Payable	13,641	7,975	7,344	6,814	6,198
Current Unearned Revenue	-	8,030	14,422	21,606	22,051
Other Current Liabilities	32,854	27,036	24,964	29,282	42,186
Total Current Liabilities	118,739	115,752	114,676	103,264	112,166
Long-Term Debt	20,560	26,732	32,249	53,146	56,385
Long-Term Leases	40.05	68.72	518.81	751.42	1,222
Long-Term Unearned Revenue	2.04	2.04	2.04	2.04	2.04
Long-Term Deferred Tax Liabilities	1,577	1,646	1,949	2,522	2,772
Total Liabilities	140,918	144,200	149,395	159,685	172,547
Common Stock	325.77	325.77	325.77	325.74	304.68
Additional Paid-In Capital	-	452.13	452.13	447.26	44.41
Retained Earnings	-	5,099	13,185	31,909	41,150
Treasury Stock	-	-	-	-0.01	-3.04
Comprehensive Income & Other	1,375	-1,875	-1,231	-1,182	2,825
Total Common Equity	1,700	4,002	12,732	31,500	44,321
Minority Interest	4,946	5,134	5,339	8,700	15,381
Shareholders' Equity	6,646	9,136	18,071	40,199	59,702
Total Liabilities & Equity	147,564	153,336	167,465	199,884	232,249
Total Debt	73,656	73,012	73,906	76,286	78,156
Net Cash (Debt)	-73,022	-63,585	-63,123	-54,806	-39,786
Net Cash Per Share	-21.36	-18.60	-18.46	-17.15	-12.50
Filing Date Shares Outstanding	3,419	3,419	3,419	3,418	3,183
Total Common Shares Outstanding	3,419	3,419	3,419	3,418	3,183
Working Capital	-44,810	-37,649	-27,448	5,490	11,545
Book Value Per Share	0.50	1.17	3.72	9.21	13.92
Tangible Book Value	-1,529	548.81	9,134	27,737	40,266
Tangible Book Value Per Share	-0.45	0.16	2.67	8.11	12.65
Buildings	-	5,773	5,761	5,367	5,173
Machinery	-	887.2	867.91	839.67	821.8
Construction In Progress	-	4,292	4,148	4,457	3,647
Leasehold Improvements	-	247.41	270.56	251.09	220.02

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