Zhaoke Ophthalmology 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	959.31	1,121	1,462	1,716	2,128
Short-Term Investments	1.5	70.16	-	8.87	8.16
Cash & Short-Term Investments	960.81	1,191	1,462	1,725	2,137
Cash Growth	-19.34%	-18.50%	-15.28%	-19.25%	145.21%
Accounts Receivable	14.1	0.38	3.71	-	-
Other Receivables	30.68	11.32	18.83	48.07	14.57
Receivables	44.78	11.7	22.54	48.07	14.57
Inventory	14.63	14.9	6.14	-	-
Restricted Cash	336.43	356.3	265.66	172.07	25.51
Other Current Assets	17.2	40.86	38.61	27.38	32.23
Total Current Assets	1,374	1,615	1,795	1,973	2,209
Property, Plant & Equipment	158.61	192.14	223.65	233.74	184.32
Other Intangible Assets	383.64	413.55	392.46	334.62	162.38
Other Long-Term Assets	19.22	22.91	9.66	29.51	49.81
Total Assets	1,935	2,244	2,420	2,571	2,605
Accounts Payable	1.93	2.78	9.27	11.05	14.69
Accrued Expenses	37.59	80.67	101.47	61.81	24.23
Short-Term Debt	270.37	212.61	206.58	94.5	10.29
Current Portion of Leases	12.58	9.93	9.59	9.73	5.88
Current Income Taxes Payable	0.75	-	-	-	5.53
Current Unearned Revenue	1.73	1.37	1.18	-	-
Other Current Liabilities	3.47	5.69	8.38	17.46	28.39
Total Current Liabilities	328.41	313.05	336.45	194.54	89.01
Long-Term Leases	9.4	16.05	21.86	27.7	20.86
Long-Term Unearned Revenue	21.49	14.21	13.71	0.01	0.05
Pension & Post-Retirement Benefits	0.12	0.13	-	-	-
Total Liabilities	359.43	343.44	372.02	222.25	109.92
Additional Paid-In Capital	-	5,444	5,444	5,428	5,414
Retained Earnings	-	-4,035	-3,807	-3,429	-3,022
Comprehensive Income & Other	1,576	491.19	411.54	350.14	103.48
Shareholders' Equity	1,576	1,900	2,048	2,348	2,495
Total Liabilities & Equity	1,935	2,244	2,420	2,571	2,605
Total Debt	292.36	238.59	238.03	131.93	37.03
Net Cash (Debt)	668.46	952.57	1,224	1,593	2,100
Net Cash Growth	-29.83%	-22.15%	-23.20%	-24.11%	-
Net Cash Per Share	1.22	1.74	2.25	2.94	5.09
Filing Date Shares Outstanding	547.73	546.14	546.14	543.84	541.95
Total Common Shares Outstanding	547.73	546.14	546.14	543.84	541.95
Working Capital	1,045	1,302	1,458	1,778	2,120
Book Value Per Share	2.88	3.48	3.75	4.32	4.60
Tangible Book Value	1,192	1,487	1,656	2,014	2,333
Tangible Book Value Per Share	2.18	2.72	3.03	3.70	4.31
Machinery	-	279.81	264.6	208.55	186.33
Construction In Progress	-	20.76	32.38	61.42	18.33
Leasehold Improvements	-	7.57	7.46	7.38	7.12

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.