SGX:LS9 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	94.99	50.01	98.51	48.91	95.1
Cash & Short-Term Investments	94.99	50.01	98.51	48.91	95.1
Cash Growth	89.94%	-49.23%	101.41%	-48.58%	87.85%
Accounts Receivable	16.23	18.22	63.03	63	37.76
Other Receivables	4.56	6.97	5.77	2.45	5.28
Receivables	20.78	25.19	68.8	65.45	43.04
Inventory	2.53	6.36	6.5	7.78	3.08
Prepaid Expenses	0.62	0.4	0.58	0.14	0.16
Other Current Assets	10.22	40.44	0.2	10.46	16.91
Total Current Assets	129.13	122.4	174.59	132.73	158.28
Property, Plant & Equipment	53.2	71.76	75.58	69.28	48.05
Long-Term Investments	10.34	11.56	-	5.82	-
Other Intangible Assets	1.03	1.29	4.28	4.17	1.62
Long-Term Deferred Tax Assets	2.09	-	-	-	-
Total Assets	195.8	207.01	254.45	211.99	207.95
Accounts Payable	18.9	4.54	10.36	7.56	6.66
Accrued Expenses	34.47	0.09	0.04	26.64	19.38
Short-Term Debt	3	4.54	2.8	-	-
Current Portion of Long-Term Debt	111.04	93.82	92.61	5.19	2.47
Current Portion of Leases	1.01	0.83	1.39	1.8	0.91
Current Income Taxes Payable	6.54	-	4.07	3.81	2.28
Current Unearned Revenue	-	0.47	-	-	-
Other Current Liabilities	14.12	32.88	27.38	2.11	3.7
Total Current Liabilities	189.08	137.17	138.65	47.12	35.39
Long-Term Debt	16.28	18.94	21.88	23.54	23.59
Long-Term Leases	0.75	1.03	0.43	2	0.96
Long-Term Deferred Tax Liabilities	-	1.21	-	-	-
Other Long-Term Liabilities	0.6	10.02	0.76	0.49	0.38
Total Liabilities	206.7	168.37	161.71	73.14	60.32
Common Stock	126.4	375.05	375.05	375.05	375.05
Additional Paid-In Capital	-	-	-	0.02	-
Retained Earnings	-150.14	-359.72	-302.03	-258.82	-242.88
Comprehensive Income & Other	7.35	6.59	5.21	1.86	-0.89
Total Common Equity	-16.39	21.92	78.23	118.11	131.28
Minority Interest	5.49	16.72	14.5	20.74	16.35
Shareholders' Equity	-10.9	38.64	92.74	138.85	147.63
Total Liabilities & Equity	195.8	207.01	254.45	211.99	207.95
Total Debt	132.08	119.15	119.1	32.53	27.93
Net Cash (Debt)	-37.09	-69.14	-20.6	16.38	67.17
Net Cash Growth	-	-	-	-75.61%	162.64%
Net Cash Per Share	-0.02	-0.05	-0.01	0.01	0.05
Filing Date Shares Outstanding	1,535	1,535	1,535	1,535	1,535
Total Common Shares Outstanding	1,535	1,535	1,535	1,535	1,535
Working Capital	-59.94	-14.76	35.94	85.62	122.89
Book Value Per Share	-0.01	0.01	0.05	0.08	0.09
Tangible Book Value	-17.43	20.63	73.95	113.94	129.67
Tangible Book Value Per Share	-0.01	0.01	0.05	0.07	0.08
Land	-2.32	-2.29	-2.3	-	40.58
Machinery	19.48	14.05	16.45	18.57	2.73
Construction In Progress	0.37	19.73	16.05	-	-
Leasehold Improvements	9.11	8.59	8.89	8.26	5.35

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