Kangqiao Service Group 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	157.63	132.57	355.68	345.91	540.83
Short-Term Investments	53.74	50.78	52.06	34.03	3.57
Trading Asset Securities	-	1.5	-	43.09	21.02
Cash & Short-Term Investments	211.37	184.85	407.74	423.03	565.42
Cash Growth	14.35%	-54.66%	-3.61%	-25.18%	315.14%
Accounts Receivable	601.82	610.86	551.53	441.24	306.99
Other Receivables	-37.77	0.23	1.95	123.37	88.02
Receivables	564.05	611.08	553.48	564.61	395.01
Inventory	18.77	18.84	13.91	1.01	1.08
Restricted Cash	209.22	205.99	3.79	10.85	-
Other Current Assets	804	279.1	90.27	3.54	22.2
Total Current Assets	1,807	1,300	1,069	1,003	983.7
Property, Plant & Equipment	13.6	16.99	13.91	16.84	17.23
Long-Term Investments	4.8	4.27	3.2	1.95	0.93
Goodwill	28.32	28.32	28.32	28.32	28.32
Other Intangible Assets	18.4	22.49	26.47	24.6	27.8
Long-Term Deferred Tax Assets	88.78	56.99	39.35	21.65	9.99
Other Long-Term Assets	72.5	87.44	71.95	73.06	66.95
Total Assets	2,034	1,516	1,252	1,169	1,135
Accounts Payable	364.27	348.91	313.96	74.49	66.74
Short-Term Debt	-	3	-	-	-
Current Portion of Leases	5.94	5.87	7.18	7.13	5
Current Income Taxes Payable	7.47	11.55	7.96	7.46	21.17
Current Unearned Revenue	162.33	158.85	146.19	104.71	138.02
Other Current Liabilities	726.73	193.6	-	199.52	176.55
Total Current Liabilities	1,267	721.78	475.29	393.32	407.49
Long-Term Leases	4.23	3.75	2.25	2.39	4.78
Long-Term Unearned Revenue	13.18	4.91	4.15	5.34	8.78
Long-Term Deferred Tax Liabilities	1.76	7.7	6.7	6.31	7.03
Other Long-Term Liabilities	-	0.1	0.17	5.75	5.45
Total Liabilities	1,286	738.23	488.55	413.11	433.53
Common Stock	5.83	5.83	5.83	5.83	5.83
Additional Paid-In Capital	416.22	416.22	453.32	493.22	514.22
Retained Earnings	229.12	265.87	217.45	178.97	124.85
Comprehensive Income & Other	35.53	36.31	34.9	33.35	22.99
Total Common Equity	686.69	724.22	711.5	711.36	667.89
Minority Interest	61.2	53.9	52.33	45	33.51
Shareholders' Equity	747.89	778.12	763.83	756.37	701.4
Total Liabilities & Equity	2,034	1,516	1,252	1,169	1,135
Total Debt	10.17	12.61	9.43	9.52	9.79
Net Cash (Debt)	201.2	172.24	398.32	413.51	555.63
Net Cash Growth	16.82%	-56.76%	-3.67%	-25.58%	-
Net Cash Per Share	0.29	0.25	0.57	0.59	0.92
Filing Date Shares Outstanding	700	700	700	700	700
Total Common Shares Outstanding	700	700	700	700	700
Working Capital	540.67	578.08	593.9	609.73	576.22
Book Value Per Share	0.98	1.03	1.02	1.02	0.95
Tangible Book Value	639.97	673.42	656.71	658.45	611.77
Tangible Book Value Per Share	0.91	0.96	0.94	0.94	0.87
Machinery	26.53	22.93	19.32	16.64	13.35
Leasehold Improvements	9.36	8.69	6.85	5.29	1.45