Migao Group Holdings Balance Sheet

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

Millions CNY. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	1,158	750.8	812.34	365.73	283.46
Trading Asset Securities	-	82.76	-	-	-
Cash & Short-Term Investments	1,158	833.56	812.34	365.73	283.46
Cash Growth	38.96%	2.61%	122.11%	29.03%	418.13%
Accounts Receivable	3,210	457.1	595.02	338.11	607.15
Other Receivables	10.46	103.29	92.91	101.26	111.56
Receivables	3,260	560.4	687.94	439.37	718.71
Inventory	409.85	2,823	2,208	1,460	1,783
Restricted Cash	229.39	222.79	152.21	170.48	190.3
Other Current Assets	8.36	8.36	-	14.74	8.5
Total Current Assets	5,066	4,448	3,861	2,451	2,984
Property, Plant & Equipment	729.09	630.76	599.1	639.52	556.93
Long-Term Investments	102.71	89.61	116.31	122.3	111.03
Goodwill	12.07	12.07	12.07	12.07	12.07
Other Intangible Assets	0.79	2.38	3.96	5.55	7.13
Long-Term Deferred Tax Assets	4.43	4.7	3.7	4.45	4.97
Other Long-Term Assets	69.99	59.25	9.85	4.38	35.63
Total Assets	5,985	5,246	4,606	3,239	3,712
Accounts Payable	578.42	532.54	349.93	496.88	1,021
Accrued Expenses	249.41	165.99	134.22	104.81	117.18
Short-Term Debt	-	-	-	105.82	95.02
Current Portion of Long-Term Debt	671.86	428.01	380.74	164.74	292.43
Current Portion of Leases	52.88	3.23	4.84	5.68	3.77
Current Income Taxes Payable	269.9	231.68	171.88	155.81	112.77
Current Unearned Revenue	674.55	764.79	745.12	335.98	611.97
Other Current Liabilities	97.07	35.69	35.37	204.66	234.85
Total Current Liabilities	2,594	2,162	1,822	1,574	2,489
Long-Term Debt	128.61	154.33	164.43	80	40
Long-Term Leases	45.1	11.07	0.53	5.38	4.55
Long-Term Deferred Tax Liabilities	1.99	2.4	2.78	3.17	3.58
Total Liabilities	2,770	2,330	1,990	1,663	2,537
Common Stock	64.5	64.5	63.86	0.07	0.07
Additional Paid-In Capital	-	691.93	715.78	-	-
Retained Earnings	-	3,151	2,844	2,591	2,186
Comprehensive Income & Other	2,973	-1,177	-1,175	-1,170	-1,159
Total Common Equity	3,038	2,731	2,448	1,421	1,027
Minority Interest	177.41	186.04	167.42	155.08	147.63
Shareholders' Equity	3,215	2,917	2,616	1,576	1,175
Total Liabilities & Equity	5,985	5,246	4,606	3,239	3,712
Total Debt	898.45	596.65	550.54	361.61	435.77
Net Cash (Debt)	259.89	236.92	261.81	4.12	-152.31
Net Cash Growth	9.70%	-9.51%	6256.03%	-	-
Net Cash Per Share	0.29	0.26	0.38	0.01	-0.23
Filing Date Shares Outstanding	908.94	908.94	900	675	675
Total Common Shares Outstanding	908.94	908.94	900	675	675
Working Capital	2,472	2,286	2,038	876.18	495.28
Book Value Per Share	3.34	3.00	2.72	2.10	1.52
Tangible Book Value	3,025	2,716	2,432	1,403	1,008
Tangible Book Value Per Share	3.33	2.99	2.70	2.08	1.49
Buildings	-	423.99	442.08	441.08	412.27
Machinery	-	495.99	492.96	489.15	462.08
Construction In Progress	-	71.95	8.18	0.64	13.67