Xinming China 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	6.98	0.66	1.34	7.43	20.22
Short-Term Investments	53.34	40.99	34.96	48.93	104.45
Cash & Short-Term Investments	60.32	41.65	36.29	56.37	124.67
Cash Growth	44.84%	14.75%	-35.61%	-54.79%	-26.54%
Accounts Receivable	61.34	3.2	1.43	1.25	33.52
Other Receivables	2.12	2.12	2.12	3.21	3.21
Receivables	63.47	5.32	3.55	4.45	36.72
Inventory	921.11	959.47	1,043	1,422	1,992
Other Current Assets	5.36	3.81	3.67	4.67	5.73
Total Current Assets	1,050	1,010	1,087	1,488	2,159
Property, Plant & Equipment	0.66	0.67	0.68	0.7	0.75
Long-Term Deferred Tax Assets	217.13	227.86	210.09	202.27	76.09
Other Long-Term Assets	927.8	905.93	918.2	936.1	2,988
Total Assets	2,196	2,145	2,216	2,627	5,224
Accounts Payable	221.25	459.57	483.7	340.02	322.21
Accrued Expenses	-	446.93	355.89	324.76	361.7
Short-Term Debt	-	117.28	117.28	39	49
Current Portion of Long-Term Debt	1,493	1,495	1,552	1,549	1,806
Current Income Taxes Payable	906.9	905	903.38	872.08	881.92
Current Unearned Revenue	178.74	171.21	196.46	623.11	485.78
Other Current Liabilities	2,927	1,923	1,398	1,083	816.12
Total Current Liabilities	5,727	5,518	5,007	4,830	4,722
Long-Term Deferred Tax Liabilities	185.55	175.74	168.32	163.35	478.47
Other Long-Term Liabilities	-	-	-	66.51	-
Total Liabilities	5,912	5,694	5,175	5,060	5,201
Common Stock	0.84	14.88	14.88	14.88	14.88
Additional Paid-In Capital	-	496.16	496.16	496.16	496.16
Retained Earnings	-	-3,794	-3,306	-2,780	-529.29
Comprehensive Income & Other	-3,392	38.71	38.77	38.77	38.77
Total Common Equity	-3,391	-3,244	-2,756	-2,230	20.52
Minority Interest	-325.11	-304.8	-203.49	-203.49	2.2
Shareholders' Equity	-3,716	-3,549	-2,960	-2,433	22.72
Total Liabilities & Equity	2,196	2,145	2,216	2,627	5,224
Total Debt	1,493	1,612	1,669	1,588	1,855
Net Cash (Debt)	-1,432	-1,570	-1,633	-1,531	-1,730
Net Cash Per Share	-27.07	-83.60	-86.93	-81.51	-92.09
Filing Date Shares Outstanding	52.92	18.79	18.79	18.79	18.79
Total Common Shares Outstanding	52.92	18.79	18.79	18.79	18.79
Working Capital	-4,676	-4,508	-3,920	-3,343	-2,564
Book Value Per Share	-64.08	-172.70	-146.70	-118.70	1.09
Tangible Book Value	-3,391	-3,244	-2,756	-2,230	20.52
Tangible Book Value Per Share	-64.08	-172.70	-146.70	-118.70	1.09
Machinery	-	12.99	13.23	13.23	13.23

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