PAIYY 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	60.26	42.84	62.34	12.16	39.29
Short-Term Investments	29.9	16.85	19.65	23.71	-
Cash & Short-Term Investments	90.16	59.69	81.98	35.87	39.29
Cash Growth	51.05%	-27.20%	128.57%	-8.71%	-54.61%
Accounts Receivable	6.4	8.79	9.84	6.19	7.77
Other Receivables	12.28	2.68	3.08	4.33	36.04
Receivables	18.68	11.47	12.92	10.53	43.81
Inventory	18.8	14.91	15.58	27.85	30.57
Restricted Cash	5.1	1.01	-	1.55	-
Other Current Assets	1.67	1.01	1.09	1.8	0.04
Total Current Assets	134.4	88.08	111.57	77.6	113.71
Property, Plant & Equipment	279.51	266.24	304.22	320.82	358.75
Long-Term Investments	-	-	-	1.16	4.9
Goodwill	29.28	33	33	33	33.18
Other Intangible Assets	2.31	3.59	3.88	4.27	4.06
Long-Term Deferred Tax Assets	23.31	53.56	76.94	61.16	45.77
Other Long-Term Assets	42.08	41.76	31.06	48.36	16.57
Total Assets	510.89	486.22	560.66	546.37	576.94
Accounts Payable	34.75	48.37	42.4	46.75	31.26
Accrued Expenses	41.39	40.51	33.63	26.9	44.48
Short-Term Debt	94.4	61.78	19.51	64.57	-
Current Portion of Long-Term Debt	34.68	10.43	73.93	172.77	156.21
Current Portion of Leases	25.93	32.25	35.47	27.35	28.28
Current Income Taxes Payable	10.31	12.12	12.16	12.74	9.02
Current Unearned Revenue	186.07	193.93	193.04	169.73	236.48
Other Current Liabilities	1.03	2.63	1.24	23.04	35.95
Total Current Liabilities	428.55	402.04	411.38	543.84	541.66
Long-Term Debt	15.17	13.72	31.41	29.11	115.67
Long-Term Leases	110.4	61.12	84.24	99.3	105.75
Long-Term Deferred Tax Liabilities	-	-	0.01	-	0.29
Total Liabilities	554.12	476.88	527.04	672.25	763.36
Common Stock	1	1	0.98	0.63	0.47
Retained Earnings	-1,208	-1,155	-1,135	-1,098	-1,022
Treasury Stock	-2.02	-2.02	-2.02	-2.02	-2.02
Comprehensive Income & Other	1,188	1,187	1,185	985.73	866.63
Total Common Equity	-20.6	30.46	48.89	-113.66	-156.67
Minority Interest	-22.63	-21.11	-15.26	-12.22	-29.76
Shareholders' Equity	-43.23	9.35	33.63	-125.88	-186.42
Total Liabilities & Equity	510.89	486.22	560.66	546.37	576.94
Total Debt	280.59	179.3	244.55	393.1	405.91
Net Cash (Debt)	-190.43	-119.62	-162.57	-357.23	-366.62
Net Cash Per Share	-3.98	-2.50	-3.70	-13.08	-16.67
Filing Date Shares Outstanding	48.69	48.69	47.79	43.48	23.57
Total Common Shares Outstanding	48.69	48.69	47.79	31.35	23.61
Working Capital	-294.15	-313.96	-299.81	-466.24	-427.95
Book Value Per Share	-0.42	0.63	1.02	-3.63	-6.63
Tangible Book Value	-52.18	-6.13	12.01	-150.93	-193.91
Tangible Book Value Per Share	-1.07	-0.13	0.25	-4.81	-8.21
Buildings	20.14	38.56	38.56	37.02	64.74
Machinery	148.89	152.09	154.33	157.33	160.41
Leasehold Improvements	312.21	311.57	304.05	289.21	302

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