Beijing Digital Telecom 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	1,844	3,310	717.27	224.13	91.23
Short-Term Investments	79.42	-	-	-	-
Trading Asset Securities	21	3	-	-	-
Cash & Short-Term Investments	1,945	3,313	717.27	224.13	91.23
Cash Growth	-41.30%	361.86%	220.02%	145.69%	-67.38%
Accounts Receivable	940.75	2,662	2,742	2,921	3,324
Other Receivables	463.68	420.46	1,128	1,455	1,441
Receivables	1,404	3,082	3,870	4,376	4,765
Inventory	481.18	386.53	331.48	275.89	294.31
Other Current Assets	3,230	3,280	3,067	1,814	1,560
Total Current Assets	7,061	10,062	7,985	6,689	6,710
Property, Plant & Equipment	202.36	241.82	255.49	250.44	349.28
Long-Term Investments	95.66	90.78	89.84	122.48	311.5
Other Intangible Assets	1.37	1.86	1.39	2.41	3.56
Total Assets	7,360	10,396	8,332	7,064	7,375
Accounts Payable	210.42	927.1	413.07	338.08	905.76
Accrued Expenses	-	55.57	82.24	144.1	159.36
Short-Term Debt	5,203	4,691	3,966	5,236	3,908
Current Portion of Long-Term Debt	1,785	3,662	-	-	-
Current Portion of Leases	66.16	95.16	44.12	80.52	115.35
Current Income Taxes Payable	32.25	26.72	28	27.54	8.63
Current Unearned Revenue	-	253.5	361.67	97.96	136.39
Other Current Liabilities	1,220	416.32	3,222	530.97	1,183
Total Current Liabilities	8,518	10,127	8,117	6,455	6,417
Long-Term Debt	124.8	72.8	-	14.85	17.97
Long-Term Leases	90.59	103.61	170.66	133.9	182.62
Long-Term Deferred Tax Liabilities	1.4	0.84	0.33	0.61	1.7
Other Long-Term Liabilities	-	-	-	21.86	37.74
Total Liabilities	8,735	10,305	8,288	6,627	6,657
Common Stock	886.46	886.46	886.46	732.46	732.46
Retained Earnings	-	-2,910	-1,536	-905.83	-630.25
Comprehensive Income & Other	-3,643	703.52	720.02	601.93	602.87
Total Common Equity	-2,756	-1,320	70.61	428.57	705.08
Minority Interest	1,382	1,411	-26.63	9.35	12.91
Shareholders' Equity	-1,374	91.26	43.98	437.91	718
Total Liabilities & Equity	7,360	10,396	8,332	7,064	7,375
Total Debt	7,270	8,625	4,180	5,465	4,224
Net Cash (Debt)	-5,325	-5,312	-3,463	-5,241	-4,133
Net Cash Per Share	-6.01	-5.99	-4.63	-7.16	-5.64
Filing Date Shares Outstanding	886.46	886.46	886.46	732.46	732.46
Total Common Shares Outstanding	886.46	886.46	886.46	732.46	732.46
Working Capital	-1,457	-65.94	-131.75	233.79	293.7
Book Value Per Share	-3.11	-1.49	0.08	0.59	0.96
Tangible Book Value	-2,758	-1,322	69.22	426.15	701.53
Tangible Book Value Per Share	-3.11	-1.49	0.08	0.58	0.96
Buildings	-	73.16	72.36	72.36	77.94
Machinery	-	108.26	100.76	99.14	97.28
Leasehold Improvements	-	558.65	542.91	531.88	519.98

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