Jiangsu Recbio Technology 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	351.84	319.04	834.98	1,325	1,183
Short-Term Investments	-	131.31	2.78	3.85	2.96
Cash & Short-Term Investments	351.84	450.35	837.76	1,329	1,186
Cash Growth	-21.87%	-46.24%	-36.96%	12.10%	73.07%
Accounts Receivable	0.67	-	-	-	-
Other Receivables	-	93.89	38.57	12.58	51.94
Receivables	0.67	93.89	38.57	12.58	51.94
Inventory	40.99	63.48	118.08	66.14	38.55
Other Current Assets	144.67	47.41	134.97	12.2	18.57
Total Current Assets	538.16	655.13	1,129	1,420	1,295
Property, Plant & Equipment	1,052	1,089	884.23	631.25	471.61
Long-Term Investments	-	3.9	2.4	31.4	80
Goodwill	9.31	9.31	9.31	9.31	9.31
Other Intangible Assets	32.55	37.43	41.13	33.51	22.12
Long-Term Deferred Charges	-	71.3	-	-	-
Other Long-Term Assets	129.41	73.75	119.84	184.22	41.62
Total Assets	1,762	1,940	2,186	2,310	1,919
Accounts Payable	16.97	59.79	115.08	62.52	16.82
Accrued Expenses	-	159.82	118.82	148.8	53.46
Current Portion of Long-Term Debt	249.93	499.38	46.31	1.39	-
Current Portion of Leases	12.72	10.84	14.73	20.36	7.86
Current Unearned Revenue	10.8	-	-	-	-
Other Current Liabilities	247.83	109.6	149.29	95.91	61.15
Total Current Liabilities	538.25	839.42	444.24	328.98	139.29
Long-Term Debt	369.76	378.88	585.33	231.62	50
Long-Term Leases	6.07	-	4.42	29.25	18.86
Long-Term Unearned Revenue	47.61	58.9	75.81	61.14	32.24
Long-Term Deferred Tax Liabilities	5.53	5.53	5.53	5.53	5.53
Other Long-Term Liabilities	88.79	128.18	-	-	-
Total Liabilities	1,056	1,411	1,115	656.53	245.92
Common Stock	626.08	482.96	482.96	482.96	448.25
Additional Paid-In Capital	-	2,583	2,583	2,583	1,954
Retained Earnings	-	-2,897	-2,334	-1,754	-1,031
Treasury Stock	-101.28	-68.28	-54.01	-	-
Comprehensive Income & Other	181.05	428.31	393.76	349.44	301.63
Total Common Equity	705.84	529.32	1,071	1,662	1,673
Minority Interest	-	-	-0.49	-8.8	-0.01
Shareholders' Equity	705.84	529.32	1,071	1,653	1,673
Total Liabilities & Equity	1,762	1,940	2,186	2,310	1,919
Total Debt	638.47	889.1	650.8	282.63	76.72
Net Cash (Debt)	-286.63	-438.75	186.97	1,046	1,109
Net Cash Growth	-	-	-82.13%	-5.63%	68.29%
Net Cash Per Share	-0.54	-0.92	0.39	2.21	2.63
Filing Date Shares Outstanding	584.19	477.37	479.15	482.96	448.25
Total Common Shares Outstanding	584.19	477.37	479.15	482.96	448.25
Working Capital	-0.09	-184.29	685.14	1,091	1,155
Book Value Per Share	1.21	1.11	2.24	3.44	3.73
Tangible Book Value	663.99	482.59	1,021	1,619	1,642
Tangible Book Value Per Share	1.14	1.01	2.13	3.35	3.66
Machinery	-	569.97	291.14	198	144.58
Construction In Progress	-	493.73	493.71	381.73	266.74
Leasehold Improvements	-	150.91	150.38	30.06	29.21

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