Black Peony (Group) 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	2,004	3,436	3,936	3,719	3,833	5,077
Trading Asset Securities	100	140.03	0.35	0.02	-	-
Cash & Short-Term Investments	2,104	3,576	3,936	3,719	3,833	5,077
Cash Growth	-25.30%	-9.16%	5.84%	-2.96%	-24.51%	24.76%
Accounts Receivable	8,600	8,322	8,541	6,373	5,808	6,049
Other Receivables	1,242	1,216	1,822	3,730	2,578	2,504
Receivables	9,842	9,538	10,363	10,103	8,386	8,553
Inventory	7,728	8,163	8,989	11,086	15,780	13,109
Prepaid Expenses	-	218.15	402.51	485.02	774.11	912.72
Other Current Assets	633.78	826.27	663.33	494.84	830.35	810.6
Total Current Assets	20,307	22,321	24,355	25,888	29,603	28,463
Property, Plant & Equipment	651.99	551.68	552.28	642.07	797.21	801.32
Long-Term Investments	2,558	2,487	2,055	2,118	1,054	1,050
Goodwill	26.43	26.43	26.43	26.43	815.14	815.14
Other Intangible Assets	133.83	140.8	75.47	91.88	189.03	137.41
Long-Term Accounts Receivable	-	-	0.82	3.27	4.9	17.97
Long-Term Deferred Tax Assets	612.73	647.17	523.45	513.7	590.85	572.64
Long-Term Deferred Charges	56.55	7.32	9.25	13.53	13.49	17.71
Other Long-Term Assets	3,116	2,651	2,348	2,197	1,759	1,870
Total Assets	27,463	28,833	29,947	31,494	34,828	33,745
Accounts Payable	1,439	421.61	539.1	425.34	1,871	872.33
Accrued Expenses	110.77	3,558	4,097	4,135	2,482	2,462
Short-Term Debt	874.18	1,003	1,474	1,712	2,273	1,293
Current Portion of Long-Term Debt	2,877	2,658	1,949	3,988	722.72	1,095
Current Portion of Leases	-	0.03	-	-	9.01	-
Current Income Taxes Payable	122.56	256.46	91.82	136.5	126.31	205.01
Current Unearned Revenue	531.04	173.21	926.79	2,424	6,973	8,825
Other Current Liabilities	3,362	2,087	2,022	2,121	3,077	3,632
Total Current Liabilities	9,317	10,157	11,099	14,942	17,533	18,384
Long-Term Debt	6,676	7,274	7,668	5,459	6,401	4,946
Long-Term Leases	2.18	2.25	-	-	10.17	-
Long-Term Deferred Tax Liabilities	288.65	281.16	169.31	191.77	145.84	151.14
Other Long-Term Liabilities	0.27	0.27	0.27	0.36	2.74	8.27
Total Liabilities	16,284	17,714	18,936	20,593	24,093	23,489
Common Stock	1,032	1,032	1,041	1,045	1,047	1,047
Additional Paid-In Capital	2,858	2,858	2,982	3,020	3,008	2,987
Retained Earnings	5,644	5,622	5,631	5,485	5,114	4,692
Treasury Stock	-	-	-102.69	-183.95	-198.18	-198.18
Comprehensive Income & Other	878.89	858.26	523.69	589.9	401.94	371.68
Total Common Equity	10,413	10,371	10,074	9,955	9,373	8,900
Minority Interest	766.7	748.14	936.37	946.03	1,361	1,356
Shareholders' Equity	11,180	11,119	11,010	10,901	10,734	10,255
Total Liabilities & Equity	27,463	28,833	29,947	31,494	34,828	33,745
Total Debt	10,429	10,937	11,090	11,159	9,416	7,334
Net Cash (Debt)	-8,325	-7,361	-7,154	-7,439	-5,583	-2,257
Net Cash Per Share	-7.86	-7.32	-6.87	-7.06	-5.39	-2.23
Filing Date Shares Outstanding	1,032	1,032	1,032	1,102	1,015	1,015
Total Common Shares Outstanding	1,032	1,032	1,032	1,102	1,015	1,015
Working Capital	10,991	12,165	13,256	10,946	12,070	10,079
Book Value Per Share	10.09	10.05	9.76	9.03	9.23	8.77
Tangible Book Value	10,253	10,204	9,972	9,837	8,369	7,947
Tangible Book Value Per Share	9.93	9.89	9.66	8.92	8.25	7.83
Buildings	-	782	803.6	874.97	906.4	915.41
Machinery	-	352.06	350.66	391.3	473.74	504.28
Construction In Progress	-	74.21	10.6	17.5	57.57	35.37

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