Shanghai Belling 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	1,248	1,166	739.41	731.36	1,317
Trading Asset Securities	-	361.74	426.97	729.55	764.27
Cash & Short-Term Investments	1,248	1,528	1,166	1,461	2,081
Cash Growth	-18.36%	31.01%	-20.16%	-29.79%	96.76%
Accounts Receivable	906.52	993.88	681.33	504.12	370
Other Receivables	37.67	55.41	38.06	48.28	70.54
Receivables	944.19	1,049	719.38	552.41	440.54
Inventory	963.41	816.9	720.35	663.42	403.94
Other Current Assets	27.53	28.84	39.27	87.67	28.8
Total Current Assets	3,183	3,423	2,645	2,764	2,954
Property, Plant & Equipment	170.22	155.73	173.7	117.24	107.22
Long-Term Investments	651.08	300.71	-	-	-
Goodwill	731.36	731.36	731.36	731.36	456.26
Other Intangible Assets	74.71	77.23	87.15	95.85	52.91
Long-Term Deferred Tax Assets	5.08	48.73	32.47	9.07	13.8
Long-Term Deferred Charges	12.73	10.13	6.47	2.48	2.77
Other Long-Term Assets	497.48	536.3	1,192	1,256	1,073
Total Assets	5,325	5,283	4,869	4,976	4,660
Accounts Payable	450.02	379.01	235.74	172.7	216.28
Accrued Expenses	167.72	141.58	91.17	63.6	122.44
Current Portion of Leases	12.26	11.61	13.43	6.72	7.15
Current Income Taxes Payable	13.51	10.62	-	6.06	29.77
Current Unearned Revenue	35.41	33.21	23.43	29.22	15.56
Other Current Liabilities	15.04	147.59	277.21	303.61	115.69
Total Current Liabilities	693.96	723.61	640.97	581.91	506.88
Long-Term Leases	18.71	31.6	42.92	18	22.46
Long-Term Unearned Revenue	30.01	23.57	23.09	16.68	20.15
Long-Term Deferred Tax Liabilities	42.29	79.89	87.38	116.87	114.14
Other Long-Term Liabilities	15.36	15.36	15.36	15.36	15.36
Total Liabilities	800.33	874.03	809.71	748.82	678.99
Common Stock	708.92	708.92	711.81	712.18	712.82
Additional Paid-In Capital	995.48	995.48	1,007	1,002	980.95
Retained Earnings	2,797	2,682	2,357	2,560	2,303
Treasury Stock	-	-	-40.2	-69.84	-82.35
Comprehensive Income & Other	23.21	23.21	23.21	23.21	23.21
Total Common Equity	4,525	4,409	4,059	4,227	3,937
Minority Interest	-	-	-	-	43.96
Shareholders' Equity	4,525	4,409	4,059	4,227	3,981
Total Liabilities & Equity	5,325	5,283	4,869	4,976	4,660
Total Debt	30.97	43.21	56.34	24.72	29.61
Net Cash (Debt)	1,217	1,485	1,110	1,436	2,051
Net Cash Growth	-18.07%	33.77%	-22.71%	-29.98%	94.42%
Net Cash Per Share	1.70	2.10	1.66	2.05	2.90
Filing Date Shares Outstanding	708.92	708.92	499.06	656.07	691.3
Total Common Shares Outstanding	708.92	708.92	499.06	656.07	691.3
Working Capital	2,489	2,700	2,004	2,183	2,447
Book Value Per Share	6.38	6.22	8.13	6.44	5.70
Tangible Book Value	3,719	3,601	3,241	3,400	3,428
Tangible Book Value Per Share	5.25	5.08	6.49	5.18	4.96
Buildings	136.18	115.37	115.37	94.09	94.09
Machinery	113.23	90.96	82.81	65.63	52.03
Construction In Progress	3.2	2.51	3.93	6.44	0.5

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.