Liaoning Shidai Wanheng Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	563.19	593.1	499.67	550.37	629.18	426.89
Trading Asset Securities	126.17	50.03	100.01	-	-	-
Cash & Short-Term Investments	689.36	643.12	599.68	550.37	629.18	426.89
Cash Growth	10.82%	7.24%	8.96%	-12.53%	47.38%	90.98%
Accounts Receivable	194.27	114.8	131.05	172.77	151.85	172.64
Other Receivables	0.99	0.88	0.53	0.85	0.76	0.59
Receivables	195.27	115.68	131.58	173.62	152.62	173.23
Inventory	157.46	84.98	113.46	101.36	241.5	228.16
Prepaid Expenses	-	-	-	0	-	-
Other Current Assets	10.35	6.34	8.39	6.74	8.58	42.19
Total Current Assets	1,052	850.13	853.11	832.09	1,032	870.48
Property, Plant & Equipment	181.78	193.29	266.53	285	283.71	305.72
Long-Term Investments	59.57	58.55	66.42	71.21	71.21	85.07
Goodwill	-	-	-	-	-	32.21
Other Intangible Assets	20.33	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	2.15	2.79	3.83	3.62	0.06	0.22
Other Long-Term Assets	28.45	30.24	29.4	31.17	48.4	51.15
Total Assets	1,345	1,156	1,241	1,246	1,459	1,368

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	296.47	91.52	105.66	118.05	389.88	409.6
Accrued Expenses	6.73	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	3.32	-	0.17	-	-	0.05
Current Unearned Revenue	4.12	1.91	1.25	0.53	6.41	17.88
Other Current Liabilities	7.05	12.91	17.36	13.4	8.76	7.92
Total Current Liabilities	317.69	117.49	141.56	164.65	463.55	481.56
Long-Term Leases	-	-	0.51	0.2	-	-
Long-Term Deferred Tax Liabilities	2.91	2.85	4.01	4.95	4.76	5.18
Total Liabilities	320.6	120.34	146.08	169.81	468.31	486.74

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	294.3	294.3	294.3	294.3	294.3	294.3
Additional Paid-In Capital	-	1,110	1,110	1,110	1,170	1,144
Retained Earnings	-455.74	-444.41	-312.59	-331.97	-392.6	-443.83
Comprehensive Income & Other	1,185	75.17	75.17	75.17	-	-
Total Common Equity	1,024	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	1,345	1,156	1,241	1,246	1,459	1,368

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	-	-	1.53	0.77	-	0.15
Net Cash (Debt)	689.36	643.12	598.16	549.6	629.18	426.74
Net Cash Growth	10.91%	7.52%	8.83%	-12.65%	47.44%	368.49%
Net Cash Per Share	1.82	2.20	2.16	1.90	2.09	1.59
Filing Date Shares Outstanding	294.3	294.3	294.3	294.3	294.3	294.3
Total Common Shares Outstanding	294.3	294.3	294.3	294.3	294.3	294.3
Working Capital	734.75	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