Baiwang 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	385.68	443.9	335.03	237.21	505.01
Short-Term Investments	-	-	109.83	80.47	104.79
Trading Asset Securities	90.74	277.9	268.23	400.9	218.86
Cash & Short-Term Investments	476.42	721.8	713.09	718.58	828.65
Cash Growth	-33.99%	1.22%	-0.76%	-13.28%	64.42%
Accounts Receivable	258.22	148.51	136.91	112.31	100.98
Other Receivables	30.53	6	20.8	19.48	39.37
Receivables	288.76	154.51	157.71	131.79	140.34
Inventory	2.31	2.39	3.68	10.99	8.97
Other Current Assets	38.46	66.81	83.79	77.05	44.85
Total Current Assets	805.94	945.51	958.27	938.41	1,023
Property, Plant & Equipment	19.14	11.86	25.05	33.31	44.45
Long-Term Investments	273.46	216.68	123.6	243.79	207.38
Other Intangible Assets	17.07	5.49	6.5	6.96	7.64
Long-Term Accounts Receivable	0.19	0.67	0.26	0.16	1.24
Long-Term Deferred Charges	21.78	35.72	38.18	38.09	36.47
Other Long-Term Assets	-	-	-	-	5.87
Total Assets	1,138	1,216	1,152	1,261	1,326
Accounts Payable	86.89	70.21	64.72	30.87	35.15
Accrued Expenses	-	72.55	93.38	68.55	79.17
Current Portion of Long-Term Debt	-	-	2,213	2,152	216.65
Current Portion of Leases	11.78	1.71	14.61	18.44	10.31
Current Income Taxes Payable	-	0.09	0.06	0.03	-
Current Unearned Revenue	88.98	114.72	122.74	165.48	130.63
Other Current Liabilities	16.79	20.41	44.03	48.55	40.17
Total Current Liabilities	204.43	279.7	2,552	2,484	512.08
Long-Term Debt	-	-	-	2.83	1,876
Long-Term Leases	1.81	1.26	1.38	7.35	25.36
Long-Term Deferred Tax Liabilities	-	-	-	0.15	-
Total Liabilities	206.24	280.96	2,554	2,494	2,414
Common Stock	225.91	225.91	140	140	140
Additional Paid-In Capital	-	2,698	-	-	-
Retained Earnings	-	-2,738	-2,237	-1,887	-1,733
Comprehensive Income & Other	711.36	754.37	700.39	517.67	507.2
Total Common Equity	937.26	940.54	-1,396	-1,229	-1,086
Minority Interest	-5.93	-5.57	-5.47	-4.16	-1.44
Shareholders' Equity	931.34	934.97	-1,402	-1,233	-1,088
Total Liabilities & Equity	1,138	1,216	1,152	1,261	1,326
Total Debt	13.59	2.97	2,229	2,181	2,128
Net Cash (Debt)	462.83	718.82	-1,516	-1,462	-1,300
Net Cash Growth	-35.61%	-	-	-	-
Net Cash Per Share	1.92	3.92	-10.83	-10.44	-9.28
Filing Date Shares Outstanding	255.49	225.91	149.26	140	140
Total Common Shares Outstanding	255.49	225.91	140	140	140
Working Capital	601.51	665.81	-1,594	-1,545	510.73
Book Value Per Share	3.67	4.16	-9.97	-8.78	-7.76
Tangible Book Value	920.2	935.05	-1,403	-1,236	-1,094
Tangible Book Value Per Share	3.60	4.14	-10.02	-8.83	-7.81
Machinery	-	26.07	28.49	24.7	22.6
Leasehold Improvements	-	16.23	14.97	14.06	12.39

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.