Liaoning Shidai Wanheng 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	493.29	593.1	499.67	550.37	629.18	426.89
Trading Asset Securities	140.09	50.03	100.01	-	-	-
Cash & Short-Term Investments	633.39	643.12	599.68	550.37	629.18	426.89
Cash Growth	2.24%	7.24%	8.96%	-12.53%	47.38%	90.98%
Accounts Receivable	121.16	114.8	131.05	172.77	151.85	172.64
Other Receivables	1.85	0.88	0.53	0.85	0.76	0.59
Receivables	123.02	115.68	131.58	173.62	152.62	173.23
Inventory	134.88	84.98	113.46	101.36	241.5	228.16
Prepaid Expenses	-	-	-	0	-	-
Other Current Assets	19.18	6.34	8.39	6.74	8.58	42.19
Total Current Assets	910.47	850.13	853.11	832.09	1,032	870.48
Property, Plant & Equipment	189.28	193.29	266.53	285	283.71	305.72
Long-Term Investments	58.88	58.55	66.42	71.21	71.21	85.07
Goodwill	-	-	-	-	-	32.21
Other Intangible Assets	20.65	20.8	21.43	22.07	22.71	23.44
Long-Term Deferred Tax Assets	-	-	-	0.59	0.67	0.06
Long-Term Deferred Charges	2.53	2.79	3.83	3.62	0.06	0.22
Other Long-Term Assets	29.48	30.24	29.4	31.17	48.4	51.15
Total Assets	1,211	1,156	1,241	1,246	1,459	1,368
Accounts Payable	159.89	91.52	105.66	118.05	389.88	409.6
Accrued Expenses	7.68	11.15	16.1	32.11	58.5	45.96
Short-Term Debt	-	-	0.65	-	-	-
Current Portion of Leases	-	-	0.37	0.56	-	0.15
Current Income Taxes Payable	2.76	-	0.17	-	-	0.05
Current Unearned Revenue	2.71	1.91	1.25	0.53	6.41	17.88
Other Current Liabilities	11.69	12.91	17.36	13.4	8.76	7.92
Total Current Liabilities	184.74	117.49	141.56	164.65	463.55	481.56
Long-Term Leases	-	-	0.51	0.2	-	-
Long-Term Deferred Tax Liabilities	2.87	2.85	4.01	4.95	4.76	5.18
Total Liabilities	187.6	120.34	146.08	169.81	468.31	486.74
Common Stock	294.3	294.3	294.3	294.3	294.3	294.3
Additional Paid-In Capital	1,185	1,110	1,110	1,110	1,170	1,144
Retained Earnings	-456.18	-444.41	-312.59	-331.97	-392.6	-443.83
Comprehensive Income & Other	-	75.17	75.17	75.17	-	-
Total Common Equity	1,023	1,035	1,167	1,147	1,072	994
Minority Interest	0.52	0.52	-72.1	-71.43	-81.8	-112.39
Shareholders' Equity	1,024	1,035	1,095	1,076	990.33	881.61
Total Liabilities & Equity	1,211	1,156	1,241	1,246	1,459	1,368
Total Debt	-	-	1.53	0.77	-	0.15
Net Cash (Debt)	633.39	643.12	598.16	549.6	629.18	426.74
Net Cash Growth	2.65%	7.52%	8.83%	-12.65%	47.44%	368.49%
Net Cash Per Share	2.35	2.20	2.16	1.90	2.09	1.59
Filing Date Shares Outstanding	294.36	294.3	294.3	294.3	294.3	294.3
Total Common Shares Outstanding	294.36	294.3	294.3	294.3	294.3	294.3
Working Capital	725.73	732.64	711.55	667.44	568.32	388.91
Book Value Per Share	3.48	3.52	3.96	3.90	3.64	3.38
Tangible Book Value	1,003	1,014	1,145	1,125	1,049	938.34
Tangible Book Value Per Share	3.41	3.45	3.89	3.82	3.57	3.19
Buildings	-	203.03	246.67	246.52	215.64	215.41
Machinery	-	205.69	218.68	220.26	217.88	219
Construction In Progress	-	0.54	1.42	1.02	2.09	2.05

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