Shuangdeng Group 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	1,274	395.23	479.04	270.26	329.01
Short-Term Investments	45.65	41.96	21.55	16.46	-
Trading Asset Securities	-	86	-	-	1
Cash & Short-Term Investments	1,320	523.2	500.59	286.73	330.01
Cash Growth	152.27%	4.52%	74.59%	-13.11%	-33.42%
Accounts Receivable	2,623	2,319	1,616	1,864	1,245
Other Receivables	1.56	-	-	-	2.22
Receivables	2,624	2,319	1,616	1,864	1,247
Inventory	784.97	513.51	459.23	536.96	432.25
Restricted Cash	172.31	235.13	303.5	228.74	-
Other Current Assets	121.88	49.75	65.67	73.18	166.98
Total Current Assets	5,023	3,640	2,945	2,989	2,176
Property, Plant & Equipment	1,336	1,382	1,241	967.67	811.85
Long-Term Investments	110.82	16.77	16.34	16.81	17.46
Other Intangible Assets	7.58	8.32	7.15	7.35	134.59
Long-Term Accounts Receivable	13.09	13.15	8.41	6.91	-
Long-Term Deferred Tax Assets	65.12	74.11	67.19	46.5	50.97
Long-Term Deferred Charges	-	-	-	-	2.86
Other Long-Term Assets	38.41	25.93	42.54	2.69	3.08
Total Assets	6,594	5,161	4,328	4,037	3,197
Accounts Payable	1,417	979.7	840.94	706.71	609.62
Accrued Expenses	141.16	154.66	142.61	143.16	90.64
Short-Term Debt	597.13	565.71	-	-	1,104
Current Portion of Long-Term Debt	133.06	107.62	410.53	944.85	14.73
Current Portion of Leases	10.45	8.02	6.5	5.13	5.99
Current Income Taxes Payable	3.58	27.91	29.67	25.67	3.34
Current Unearned Revenue	104.37	60.52	80.65	49.6	45.33
Other Current Liabilities	348.29	412.02	279.97	275.5	138.95
Total Current Liabilities	2,755	2,316	1,791	2,151	2,012
Long-Term Debt	212.64	255.4	297.43	51.2	-
Long-Term Leases	11.53	8.6	3.89	4.86	6.33
Long-Term Unearned Revenue	146.88	161.62	118.49	73.25	74.77
Long-Term Deferred Tax Liabilities	-	-	-	-	2.42
Other Long-Term Liabilities	35.87	31.69	32.07	29.3	28.76
Total Liabilities	3,162	2,773	2,243	2,309	2,125
Common Stock	425.61	358.27	358.27	358.27	330
Additional Paid-In Capital	-	-	-	-	82.69
Retained Earnings	1,731	1,536	1,257	920.13	660.16
Comprehensive Income & Other	1,275	492.7	469.93	449.73	-0.72
Total Common Equity	3,432	2,387	2,085	1,728	1,072
Minority Interest	-	-	-	-	0.01
Shareholders' Equity	3,432	2,387	2,085	1,728	1,072
Total Liabilities & Equity	6,594	5,161	4,328	4,037	3,197
Total Debt	964.81	945.35	718.34	1,006	1,131
Net Cash (Debt)	355.07	-422.15	-217.75	-719.31	-800.92
Net Cash Per Share	0.93	-1.18	-0.61	-2.17	-2.42
Filing Date Shares Outstanding	425.61	358.27	358.27	358.27	331.02
Total Common Shares Outstanding	425.61	358.27	358.27	358.27	331.02
Working Capital	2,268	1,324	1,154	838.82	163.61
Book Value Per Share	8.06	6.66	5.82	4.82	3.24
Tangible Book Value	3,424	2,379	2,078	1,721	937.55
Tangible Book Value Per Share	8.05	6.64	5.80	4.80	2.83
Buildings	546.95	539.25	380.99	379.36	351.29
Machinery	1,597	1,545	1,112	1,132	830.29
Construction In Progress	17.92	2.48	346.41	0.8	212.2
Leasehold Improvements	16.88	16.88	17.96	10.01	-
Order Backlog	-	-	861.23	881.12	-

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