BAMA TEA 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 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	889.11	347.2	206.56	239.26	172.68
Short-Term Investments	109.29	108.9	112.28	14.34	-
Trading Asset Securities	-	-	140.24	-	5
Cash & Short-Term Investments	998.4	456.1	459.08	253.61	177.68
Cash Growth	118.90%	-0.65%	81.02%	42.73%	-13.82%
Accounts Receivable	85.74	64.04	58.52	46.65	33.35
Other Receivables	77.57	81.43	16.45	7.41	31.75
Receivables	163.31	145.47	74.97	54.05	65.1
Inventory	579.19	438.98	436.34	440.42	320.46
Restricted Cash	10.29	6.12	6.25	6.13	-
Other Current Assets	39.71	29.1	26.39	27.11	27.26
Total Current Assets	1,791	1,076	1,003	781.32	590.51
Property, Plant & Equipment	630.08	650.13	661.83	597.59	162.91
Other Intangible Assets	23.54	29	29.26	22.33	18.25
Long-Term Deferred Tax Assets	38.33	29.63	30.32	27.71	10.86
Long-Term Deferred Charges	-	-	-	-	71.54
Other Long-Term Assets	15.82	16.37	90.57	33.3	49.16
Total Assets	2,499	1,801	1,815	1,462	903.23
Accounts Payable	276.21	157.48	206.28	189.04	160.52
Accrued Expenses	74.4	72.6	79.83	58.83	60.97
Short-Term Debt	-	-	60	-	-
Current Portion of Leases	54.44	55.58	77.62	89.95	-
Current Income Taxes Payable	55.4	40.63	55.37	33.35	29.45
Current Unearned Revenue	55.11	53.1	75.21	56.21	68.51
Other Current Liabilities	156.52	152.36	176.79	109.71	69.37
Total Current Liabilities	672.08	531.76	731.1	537.08	388.81
Long-Term Leases	114.57	127.81	138.82	156.1	-
Long-Term Unearned Revenue	10.97	13.85	12.5	11.81	11.64
Total Liabilities	797.62	673.42	882.42	704.98	400.45
Common Stock	85	76	76	76	76
Additional Paid-In Capital	-	-	-	-	68.17
Retained Earnings	1,168	982.35	789.92	614.49	358.57
Comprehensive Income & Other	445.81	66.88	66.88	66.88	-
Total Common Equity	1,699	1,125	932.8	757.37	502.74
Minority Interest	1.83	2.25	-0.21	-0.11	0.04
Shareholders' Equity	1,701	1,127	932.59	757.26	502.78
Total Liabilities & Equity	2,499	1,801	1,815	1,462	903.23
Total Debt	169.01	183.38	276.44	246.04	-
Net Cash (Debt)	829.39	272.71	182.64	7.57	177.68
Net Cash Growth	204.13%	49.32%	2314.22%	-95.74%	-13.82%
Net Cash Per Share	10.69	3.59	2.40	0.10	2.33
Filing Date Shares Outstanding	85	76	76	76	76
Total Common Shares Outstanding	85	76	76	76	76
Working Capital	1,119	544	271.93	244.24	201.69
Book Value Per Share	19.99	14.81	12.27	9.97	6.62
Tangible Book Value	1,676	1,096	903.54	735.05	484.49
Tangible Book Value Per Share	19.71	14.42	11.89	9.67	6.37
Buildings	380.32	379.09	359.35	205.57	152.17
Machinery	154.01	140.93	128.78	105.1	63.94
Construction In Progress	1.02	-	-	45.34	0.05
Leasehold Improvements	199.48	180.88	168.76	170.31	-

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