CaoCao 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	1,176	159.5	583	380
Short-Term Investments	380	-	-	-
Cash & Short-Term Investments	1,556	159.5	583	380
Cash Growth	875.82%	-72.64%	53.42%	-
Accounts Receivable	272.48	277.51	269.53	183.31
Other Receivables	-	403.97	332.9	237.02
Receivables	272.48	685.12	606.08	423.98
Inventory	180.1	223.08	167.26	3.24
Prepaid Expenses	-	250.95	269.88	325.18
Restricted Cash	78.17	68.25	105.58	226.91
Other Current Assets	961.18	148.22	151.56	137.78
Total Current Assets	3,048	1,535	1,883	1,497
Property, Plant & Equipment	1,915	2,341	2,958	2,934
Other Intangible Assets	50.83	52.08	2.63	2.23
Long-Term Deferred Tax Assets	22.15	41.82	81.59	122.67
Long-Term Deferred Charges	-	45.28	57.14	28.57
Other Long-Term Assets	117.82	62.74	90.31	82.55
Total Assets	5,154	4,078	5,073	4,667
Accounts Payable	792.56	279.77	435.13	966.16
Accrued Expenses	1,002	617.3	421.3	325.72
Short-Term Debt	5,299	2,798	2,074	1,288
Current Portion of Long-Term Debt	-	2,878	3,103	2,184
Current Portion of Leases	57.02	56.53	72.97	84.89
Current Income Taxes Payable	0.12	0.15	-	-
Current Unearned Revenue	138.37	454.04	399.89	370.44
Other Current Liabilities	-	2,597	622.43	682.84
Total Current Liabilities	7,289	9,682	7,129	5,902
Long-Term Debt	1,908	1,542	2,353	2,107
Long-Term Leases	58.67	59.99	81.67	141.48
Long-Term Deferred Tax Liabilities	-	-	-	0.22
Other Long-Term Liabilities	-	-	1,883	1,814
Total Liabilities	9,256	11,283	11,446	9,965
Common Stock	0.04	0.03	-	-
Retained Earnings	-14,017	-13,381	-12,130	-10,214
Comprehensive Income & Other	10,112	6,411	6,007	5,086
Total Common Equity	-3,905	-6,970	-6,124	-5,128
Minority Interest	-197.52	-235.55	-249.94	-170.34
Shareholders' Equity	-4,102	-7,206	-6,374	-5,298
Total Liabilities & Equity	5,154	4,078	5,073	4,667
Total Debt	7,323	7,335	7,685	5,806
Net Cash (Debt)	-5,766	-7,175	-7,102	-5,426
Net Cash Per Share	-11.53	-15.87	-15.71	-12.00
Filing Date Shares Outstanding	545.92	419.35	452.13	452.13
Total Common Shares Outstanding	545.92	419.35	452.13	452.13
Working Capital	-4,241	-8,146	-5,245	-4,405
Book Value Per Share	-7.15	-16.62	-13.54	-11.34
Tangible Book Value	-3,956	-7,022	-6,126	-5,130
Tangible Book Value Per Share	-7.25	-16.75	-13.55	-11.35
Machinery	-	3,931	4,338	4,109
Construction In Progress	-	43.15	303.83	587.4
Leasehold Improvements	-	34.17	32.93	37.83

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