Migao Group Holdings Balance Sheet

Financials in millions CNY. Fiscal year is April - March.

Millions CNY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '24 Mar 31, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	812.34	812.34	365.73	283.46	54.71
Cash & Short-Term Investments	812.34	812.34	365.73	283.46	54.71
Cash Growth	-	122.11%	29.03%	418.13%	-
Accounts Receivable	595.02	595.02	338.11	607.15	453.21
Other Receivables	92.91	92.91	101.26	111.56	100.57
Receivables	687.94	687.94	439.37	718.71	791.03
Inventory	2,208	2,208	1,460	1,783	753.72
Restricted Cash	152.21	152.21	170.48	190.3	245.57
Other Current Assets	-	-	14.74	8.5	1.42
Total Current Assets	3,861	3,861	2,451	2,984	1,846
Property, Plant & Equipment	599.1	599.1	639.52	556.93	242.76
Long-Term Investments	116.31	116.31	122.3	111.03	302.48
Goodwill	12.07	12.07	12.07	12.07	2.61
Other Intangible Assets	3.96	3.96	5.55	7.13	8.72
Long-Term Deferred Tax Assets	3.7	3.7	4.45	4.97	2.07
Other Long-Term Assets	9.85	9.85	4.38	35.63	0.96
Total Assets	4,606	4,606	3,239	3,712	2,406
Accounts Payable	349.93	349.93	496.88	1,021	855.09
Accrued Expenses	134.22	134.22	104.81	117.18	123.7
Short-Term Debt	-	-	105.82	95.02	-
Current Portion of Long-Term Debt	380.74	380.74	164.74	292.43	129.02
Current Portion of Leases	4.84	4.84	5.68	3.77	4.41
Current Income Taxes Payable	171.88	171.88	155.81	112.77	62.5
Current Unearned Revenue	745.12	745.12	335.98	611.97	408.78
Other Current Liabilities	35.37	35.37	204.66	234.85	112.08
Total Current Liabilities	1,822	1,822	1,574	2,489	1,696
Long-Term Debt	164.43	164.43	80	40	50
Long-Term Leases	0.53	0.53	5.38	4.55	1.36
Long-Term Deferred Tax Liabilities	2.78	2.78	3.17	3.58	3.35
Total Liabilities	1,990	1,990	1,663	2,537	1,750
Common Stock	63.86	63.86	0.07	0.07	0.07
Additional Paid-In Capital	715.78	715.78	-	-	-
Retained Earnings	2,844	2,844	2,591	2,186	1,790
Comprensive Income & Other	-1,175	-1,175	-1,170	-1,159	-1,163
Total Common Equity	2,448	2,448	1,421	1,027	626.69
Minority Interest	167.42	167.42	155.08	147.63	29.07
Shareholders' Equity	2,616	2,616	1,576	1,175	655.76
Total Liabilities & Equity	4,606	4,606	3,239	3,712	2,406
Total Debt	550.54	550.54	361.61	435.77	184.78
Net Cash (Debt)	261.81	261.81	4.12	-152.31	-130.08
Net Cash Growth	-	6256.03%	-	-	-
Net Cash Per Share	0.38	0.38	0.01	-0.23	-0.19
Filing Date Shares Outstanding	900	900	675	675	675
Total Common Shares Outstanding	900	900	675	675	675
Working Capital	2,038	2,038	876.18	495.28	150.88
Book Value Per Share	2.72	2.72	2.10	1.52	0.93
Tangible Book Value	2,432	2,432	1,403	1,008	615.37
Tangible Book Value Per Share	2.70	2.70	2.08	1.49	0.91
Buildings	442.08	442.08	441.08	412.27	283.41
Machinery	492.96	492.96	489.15	462.08	293.42
Construction In Progress	8.18	8.18	0.64	13.67	-

Source: S&P Capital IQ. Standard template. Financial Sources.