JF SmartInvest Holdings 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	2,047	2,209	745.87	352.99	43.24
Short-Term Investments	24.4	15.36	14.87	13.76	6.8
Trading Asset Securities	2,094	665.08	1,323	713.7	801.36
Cash & Short-Term Investments	4,166	2,889	2,083	1,080	851.4
Cash Growth	44.19%	38.68%	92.81%	26.90%	99.65%
Accounts Receivable	38.83	34.81	35.68	36.98	-
Other Receivables	124.18	44.29	22.86	41.29	115.86
Receivables	173.51	430.78	124.79	109.17	115.86
Inventory	35.36	-	-	-	-
Restricted Cash	120.56	121.67	0.3	-	-
Other Current Assets	212.08	65.39	118.5	23.98	34.31
Total Current Assets	4,707	3,507	2,327	1,214	1,002
Property, Plant & Equipment	25.79	24.94	26.87	65.81	68.39
Long-Term Investments	68.37	-	-	-	-
Other Intangible Assets	106.36	37.2	2.05	5.67	6.18
Long-Term Deferred Tax Assets	229.09	220.32	102.82	78.08	107.4
Other Long-Term Assets	37.7	-	-	-	-
Total Assets	5,175	3,789	2,459	1,363	1,184
Accounts Payable	-	-	2.52	0.51	9.22
Accrued Expenses	432.39	314.83	159.22	148.54	285.66
Short-Term Debt	-	-	13.23	-	-
Current Portion of Leases	2.68	6.5	5.87	38.77	45.89
Current Income Taxes Payable	107.35	165.31	47.22	19.4	87.16
Current Unearned Revenue	1,528	1,489	689.32	577.15	664.99
Other Current Liabilities	130.76	207.76	26.39	39.62	19.54
Total Current Liabilities	2,201	2,183	943.78	823.99	1,112
Long-Term Leases	1.57	1.76	0.03	9.76	1.84
Long-Term Unearned Revenue	2.08	-	-	-	-
Total Liabilities	2,205	2,185	943.81	833.74	1,114
Common Stock	0	0	0	-	-
Additional Paid-In Capital	-	-	853.57	-	-
Retained Earnings	-	992.86	505.63	529.78	69.22
Comprehensive Income & Other	2,970	611.47	155.59	-0.35	-
Total Common Equity	2,970	1,604	1,515	529.42	69.22
Shareholders' Equity	2,970	1,604	1,515	529.42	69.22
Total Liabilities & Equity	5,175	3,789	2,459	1,363	1,184
Total Debt	4.25	8.26	19.14	48.52	47.73
Net Cash (Debt)	4,162	2,881	2,064	1,032	803.67
Net Cash Growth	44.46%	39.57%	100.03%	28.40%	88.46%
Net Cash Per Share	9.53	6.76	4.77	2.73	2.13
Filing Date Shares Outstanding	468.36	448.36	437.97	377.72	377.72
Total Common Shares Outstanding	468.36	448.36	437.97	377.72	377.72
Working Capital	2,506	1,324	1,383	389.62	-110.9
Book Value Per Share	6.34	3.58	3.46	1.40	0.18
Tangible Book Value	2,864	1,567	1,513	523.75	63.04
Tangible Book Value Per Share	6.11	3.50	3.45	1.39	0.17
Machinery	58.29	47	40.36	30.16	25.46
Leasehold Improvements	7.5	6.99	4.82	4.66	2.89

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