Southwest Securities 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	2,803	2,245	4,038	6,287	4,526	4,008
Short-Term Investments	26,536	24,529	21,148	13,445	14,735	15,746
Trading Asset Securities	34,501	20,111	14,888	14,563	12,817	30,395
Accounts Receivable	20,938	20,757	13,552	12,240	11,575	14,561
Other Receivables	-	46.97	65.64	87.81	96.27	142.97
Property, Plant & Equipment	1,111	1,112	1,172	1,325	1,353	1,407
Goodwill	-	-	-	-	11.02	11.02
Other Intangible Assets	167.43	171.75	184.66	189.96	180.45	174.85
Investments in Debt & Equity Securities	11,963	4,543	3,947	4,741	2,679	9,863
Other Current Assets	3,769	21,099	14,598	20,911	20,998	2,886
Long-Term Deferred Tax Assets	797.51	798.68	848.73	952.41	787.27	527.65
Other Long-Term Assets	3,344	9,307	8,784	9,914	11,217	2,516
Total Assets	105,930	104,742	83,249	84,675	80,994	82,258
Accounts Payable	217.78	108.04	364.01	194.46	188.52	90.24
Accrued Expenses	26,035	23,896	19,629	13,097	14,657	15,692
Short-Term Debt	23,820	33,177	22,038	34,009	30,299	26,472
Current Portion of Long-Term Debt	-	4,356	3,745	912.37	4,040	7,792
Current Portion of Leases	-	50.31	37.75	7.42	9.66	44.25
Other Current Liabilities	655.84	910.85	1,250	1,539	734.12	712.44
Long-Term Debt	27,897	15,463	9,750	8,845	5,523	5,588
Long-Term Leases	135.37	70.94	72.04	118.03	91.17	69.82
Long-Term Deferred Tax Liabilities	202.58	207.45	221.86	193.31	115.34	145.07
Other Long-Term Liabilities	305.42	196.77	262.14	290.77	280.28	293.5
Total Liabilities	79,329	78,492	57,438	59,273	56,059	56,976
Common Stock	6,645	6,645	6,645	6,645	6,645	6,645
Additional Paid-In Capital	11,654	11,341	11,341	11,654	11,654	11,654
Retained Earnings	8,223	7,906	7,344	7,053	6,694	6,998
Comprehensive Income & Other	78.76	356.99	481.23	57.2	-54.02	59.81
Total Common Equity	26,601	26,249	25,811	25,410	24,940	25,358
Minority Interest	-	-	-	-7.57	-3.78	-75.27
Shareholders' Equity	26,601	26,249	25,811	25,402	24,936	25,283
Total Liabilities & Equity	105,930	104,742	83,249	84,675	80,994	82,258
Total Debt	51,853	53,117	35,643	43,892	39,962	39,965
Net Cash (Debt)	11,987	-6,232	4,431	-9,596	-7,885	10,183
Net Cash Growth	-21.59%	-	-	-	-	19.95%
Net Cash Per Share	1.80	-0.94	0.70	-1.43	-1.27	1.57
Filing Date Shares Outstanding	6,645	6,645	6,645	6,645	6,645	6,645
Total Common Shares Outstanding	6,645	6,645	6,645	6,645	6,645	6,645
Working Capital	37,758	26,268	21,195	17,742	14,738	16,896
Book Value Per Share	4.00	3.95	3.88	3.82	3.75	3.82
Tangible Book Value	26,434	26,078	25,627	25,220	24,748	25,172
Tangible Book Value Per Share	3.98	3.92	3.86	3.80	3.72	3.79