Langfang Development Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	166.88	243.13	263.47	126.69	136.71	132.37
Trading Asset Securities	56.5	-	-	-	16.8	7.01
Cash & Short-Term Investments	223.38	243.13	263.47	126.69	153.51	139.38
Cash Growth	-7.97%	-7.72%	107.96%	-17.47%	10.13%	29.06%
Accounts Receivable	24.17	18.91	13.35	13.19	23.8	20.57
Other Receivables	0.85	0.48	0.31	0.21	0.16	0.42
Receivables	25.02	19.39	13.66	13.4	23.96	21
Inventory	11.91	12.75	30.74	15.01	14.56	14.1
Prepaid Expenses	-	0.01	0.01	0.07	0.09	-
Other Current Assets	1.56	2.79	1.76	1.65	2.03	5.49
Total Current Assets	261.87	278.06	309.65	156.81	194.13	179.97
Property, Plant & Equipment	187.62	191.87	207.01	230.34	239.95	251.05
Long-Term Investments	15.78	15.78	15.42	12.4	16.7	16.88
Goodwill	40.36	40.36	40.36	40.36	40.36	40.36
Other Intangible Assets	47.43	47.71	25.23	25.83	26.5	14.39
Long-Term Deferred Tax Assets	9.7	9.7	13.25	16.24	13.48	6.92
Long-Term Deferred Charges	2.37	2.79	4.77	7.36	11.68	15.9
Other Long-Term Assets	8.16	8.32	13.73	109.7	114.92	124.99
Total Assets	573.29	594.59	629.41	599.03	657.73	650.47
Accounts Payable	92.72	58.38	91.3	81.34	82.03	46.16
Accrued Expenses	2.35	5.5	5.95	7.37	6.64	7.33
Short-Term Debt	10.01	10.01	48.05	48.05	48.06	30.03
Current Portion of Long-Term Debt	0.18	-	-	13.05	3.55	0.05
Current Portion of Leases	-	0.18	0.08	0.3	0.29	0.27
Current Income Taxes Payable	9.24	5.52	3.62	0.39	5.21	6.2
Current Unearned Revenue	14.81	89.06	83.62	92.61	77.56	61.13
Other Current Liabilities	13.22	14	11.79	16.15	14.07	14.12
Total Current Liabilities	142.54	182.64	244.4	259.26	237.42	165.31
Long-Term Debt	-	-	-	21	32.5	37
Long-Term Leases	0.18	0.18	-	0.08	0.52	0.81
Long-Term Unearned Revenue	18.28	18.28	-	-	1.01	4.06
Long-Term Deferred Tax Liabilities	4.71	4.88	5.68	7.02	8.69	9.62
Other Long-Term Liabilities	28.42	31.38	57.14	89.66	130.18	169.99
Total Liabilities	194.13	237.36	307.22	377.01	410.32	386.8
Common Stock	380.16	380.16	380.16	380.16	380.16	380.16
Additional Paid-In Capital	59.6	59.6	59.6	59.6	59.6	59.6
Retained Earnings	-184.49	-192.23	-207.61	-292.54	-277.65	-269.27
Total Common Equity	255.27	247.53	232.15	147.22	162.11	170.49
Minority Interest	123.89	109.7	90.03	74.79	85.3	93.18
Shareholders' Equity	379.16	357.23	322.18	222.02	247.41	263.67
Total Liabilities & Equity	573.29	594.59	629.41	599.03	657.73	650.47
Total Debt	10.37	10.37	48.13	82.48	84.92	68.17
Net Cash (Debt)	213	232.76	215.34	44.21	68.59	71.21
Net Cash Growth	4.06%	8.09%	387.11%	-35.54%	-3.69%	-2.40%
Net Cash Per Share	0.55	0.61	0.57	0.12	0.18	0.19
Filing Date Shares Outstanding	387.3	380.16	380.16	380.16	380.16	380.16
Total Common Shares Outstanding	387.3	380.16	380.16	380.16	380.16	380.16
Working Capital	119.33	95.42	65.24	-102.44	-43.28	14.66
Book Value Per Share	0.66	0.65	0.61	0.39	0.43	0.45
Tangible Book Value	167.48	159.46	166.56	81.04	95.25	115.74
Tangible Book Value Per Share	0.43	0.42	0.44	0.21	0.25	0.30
Buildings	-	130.27	130.27	129.68	129.68	129.86
Machinery	-	330.28	314.45	150.17	137	137.81
Construction In Progress	-	0.08	9.03	9.67	7	0.79