Shanghai Belling Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	951.15	1,166	739.41	731.36	1,317	492.75
Trading Asset Securities	212.12	361.74	426.97	729.55	764.27	564.84
Cash & Short-Term Investments	1,163	1,528	1,166	1,461	2,081	1,058
Cash Growth	-22.67%	31.01%	-20.16%	-29.79%	96.76%	-42.85%
Accounts Receivable	755.09	993.88	681.33	504.12	370	407.02
Other Receivables	14.21	55.41	38.06	48.28	70.54	21.03
Receivables	769.3	1,049	719.38	552.41	440.54	428.05
Inventory	1,012	816.9	720.35	663.42	403.94	302.17
Other Current Assets	91.34	28.84	39.27	87.67	28.8	22.74
Total Current Assets	3,035	3,423	2,645	2,764	2,954	1,811
Property, Plant & Equipment	146.76	155.73	173.7	117.24	107.22	80.19
Goodwill	731.36	731.36	731.36	731.36	456.26	456.26
Other Intangible Assets	74.58	77.23	87.15	95.85	52.91	58.37
Long-Term Deferred Tax Assets	51.13	48.73	32.47	9.07	13.8	24.09
Long-Term Deferred Charges	10.52	10.13	6.47	2.48	2.77	2.52
Other Long-Term Assets	1,107	837.01	1,192	1,256	1,073	1,448
Total Assets	5,157	5,283	4,869	4,976	4,660	3,880
Accounts Payable	347.2	379.01	235.74	172.7	216.28	205.75
Accrued Expenses	85.61	141.58	91.17	63.6	122.44	37.1
Short-Term Debt	-	-	-	-	-	2.5
Current Portion of Leases	15.01	11.61	13.43	6.72	7.15	-
Current Income Taxes Payable	41.99	10.62	-	6.06	29.77	10.71
Current Unearned Revenue	24.21	33.21	23.43	29.22	15.56	17.66
Other Current Liabilities	12.45	147.59	277.21	303.61	115.69	78.64
Total Current Liabilities	526.47	723.61	640.97	581.91	506.88	352.35
Long-Term Leases	19.32	31.6	42.92	18	22.46	-
Long-Term Unearned Revenue	27.21	23.57	23.09	16.68	20.15	29.33
Long-Term Deferred Tax Liabilities	75.86	79.89	87.38	116.87	114.14	140.28
Other Long-Term Liabilities	15.36	15.36	15.36	15.36	15.36	29.6
Total Liabilities	664.23	874.03	809.71	748.82	678.99	551.56
Common Stock	708.92	708.92	711.81	712.18	712.82	704.12
Additional Paid-In Capital	995.48	995.48	1,007	1,002	980.95	923.89
Retained Earnings	2,765	2,682	2,357	2,560	2,303	1,666
Treasury Stock	-	-	-40.2	-69.84	-82.35	-23.96
Comprehensive Income & Other	23.21	23.21	23.21	23.21	23.21	21.92
Total Common Equity	4,493	4,409	4,059	4,227	3,937	3,292
Minority Interest	-	-	-	-	43.96	36.11
Shareholders' Equity	4,493	4,409	4,059	4,227	3,981	3,328
Total Liabilities & Equity	5,157	5,283	4,869	4,976	4,660	3,880
Total Debt	34.33	43.21	56.34	24.72	29.61	2.5
Net Cash (Debt)	1,129	1,485	1,110	1,436	2,051	1,055
Net Cash Growth	-22.13%	33.77%	-22.71%	-29.98%	94.42%	-42.68%
Net Cash Per Share	1.59	2.10	1.66	2.05	2.90	1.50
Filing Date Shares Outstanding	708.92	708.92	499.06	656.07	691.3	699.4
Total Common Shares Outstanding	708.92	708.92	499.06	656.07	691.3	699.4
Working Capital	2,509	2,700	2,004	2,183	2,447	1,458
Book Value Per Share	6.34	6.22	8.13	6.44	5.70	4.71
Tangible Book Value	3,687	3,601	3,241	3,400	3,428	2,777
Tangible Book Value Per Share	5.20	5.08	6.49	5.18	4.96	3.97
Buildings	-	115.37	115.37	94.09	94.09	94.09
Machinery	-	90.96	82.81	65.63	52.03	48.63
Construction In Progress	-	2.51	3.93	6.44	0.5	0.4

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.