Changjiu Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	131.01	372.27	134.23	119.34	1.53	0.09
Short-Term Investments	0.57	0.36	0.57	0.29	1.1	0.79
Trading Asset Securities	-	27.02	-	-	-	-
Cash & Short-Term Investments	131.58	399.65	134.8	119.63	2.64	0.88
Cash Growth	-65.19%	196.49%	12.68%	4438.24%	199.54%	-
Accounts Receivable	269.45	198.58	159.88	101.31	59.86	39.96
Other Receivables	32.25	11.85	13.82	25.18	139.39	147.86
Receivables	301.69	210.42	173.7	126.49	204.05	187.83
Prepaid Expenses	147.38	4.13	8.87	0.61	0.01	0.1
Other Current Assets	0.34	0.73	-	0.9	-	-
Total Current Assets	820.61	614.93	317.36	247.62	206.7	188.8
Property, Plant & Equipment	13.3	2.92	9.78	8.62	7.68	4.41
Other Intangible Assets	11.63	9.64	8.21	3.41	4.2	5.06
Long-Term Deferred Tax Assets	0.49	0.4	0.57	1.51	0.33	4.39
Total Assets	846.03	627.89	335.92	261.16	218.92	202.67
Accounts Payable	46.06	29.67	30.9	29.81	26.77	27.04
Accrued Expenses	25.78	23.88	26.13	25.38	22.99	21.6
Short-Term Debt	221.65	-	20	75	50	50
Current Portion of Leases	6.93	0.01	7.22	6.35	2.33	0.22
Current Income Taxes Payable	8.08	10.17	7.77	22.18	3.71	-
Current Unearned Revenue	55.91	29.55	43.4	58.92	69.43	52.66
Other Current Liabilities	38.64	39.04	58.5	31.33	25.12	17.62
Total Current Liabilities	403.05	132.32	193.92	248.98	200.35	169.13
Long-Term Leases	3.72	-	0.08	0.06	2.36	0.4
Total Liabilities	406.77	132.32	194	249.04	202.71	169.53
Common Stock	0	0	0	0	0	-
Retained Earnings	-	275.82	114.41	12.09	-83.79	-66.86
Treasury Stock	-1.12	-4.33	-4.33	-	-	-
Comprehensive Income & Other	440.38	224.07	31.83	0.04	100	100
Shareholders' Equity	439.26	495.56	141.91	12.13	16.21	33.14
Total Liabilities & Equity	846.03	627.89	335.92	261.16	218.92	202.67
Total Debt	232.31	0.01	27.31	81.42	54.69	50.62
Net Cash (Debt)	-100.73	399.64	107.49	38.21	-52.06	-49.74
Net Cash Growth	-	271.80%	181.30%	-	-	-
Net Cash Per Share	-0.50	1.98	0.72	0.25	-0.35	-0.33
Filing Date Shares Outstanding	201.59	201.35	200.54	-	150	150
Total Common Shares Outstanding	201.59	201.35	150	-	150	150
Working Capital	417.56	482.61	123.44	-1.35	6.36	19.67
Book Value Per Share	2.18	2.46	0.95	-	0.11	0.22
Tangible Book Value	427.63	485.92	133.7	8.71	12.01	28.07
Tangible Book Value Per Share	2.12	2.41	0.89	-	0.08	0.19
Machinery	-	28.17	27.31	26.26	25.23	24.12

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