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 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	1,747	1,878	3,436	3,936	3,719	3,833
Trading Asset Securities	-	-	140.03	0.35	0.02	-
Cash & Short-Term Investments	1,747	1,878	3,576	3,936	3,719	3,833
Cash Growth	-42.48%	-47.48%	-9.16%	5.84%	-2.96%	-24.51%
Accounts Receivable	8,942	9,065	8,322	8,541	6,373	5,808
Other Receivables	1,132	1,142	1,216	1,822	3,730	2,578
Receivables	10,075	10,206	9,538	10,363	10,103	8,386
Inventory	7,457	7,493	8,163	8,989	11,086	15,780
Prepaid Expenses	-	-	218.15	402.51	485.02	774.11
Other Current Assets	363.41	358.48	826.27	663.33	494.84	830.35
Total Current Assets	19,642	19,936	22,321	24,355	25,888	29,603
Property, Plant & Equipment	720.92	730.87	551.68	552.28	642.07	797.21
Long-Term Investments	2,717	2,619	2,487	2,055	2,118	1,054
Goodwill	26.43	26.43	26.43	26.43	26.43	815.14
Other Intangible Assets	119.1	121.6	140.8	75.47	91.88	189.03
Long-Term Accounts Receivable	-	-	-	0.82	3.27	4.9
Long-Term Deferred Tax Assets	652.99	651.85	647.17	523.45	513.7	590.85
Long-Term Deferred Charges	55.67	48.86	7.32	9.25	13.53	13.49
Other Long-Term Assets	3,242	3,307	2,651	2,348	2,197	1,759
Total Assets	27,177	27,442	28,833	29,947	31,494	34,828
Accounts Payable	1,428	1,360	421.61	539.1	425.34	1,871
Accrued Expenses	115.14	148.57	3,558	4,097	4,135	2,482
Short-Term Debt	1,185	1,054	1,003	1,474	1,712	2,273
Current Portion of Long-Term Debt	-	3,237	2,658	1,949	3,988	722.72
Current Portion of Leases	-	-	0.03	-	-	9.01
Current Income Taxes Payable	73.47	185.97	256.46	91.82	136.5	126.31
Current Unearned Revenue	328.02	231.48	173.21	926.79	2,424	6,973
Other Current Liabilities	8,461	4,072	2,087	2,022	2,121	3,077
Total Current Liabilities	11,591	10,288	10,157	11,099	14,942	17,533
Long-Term Debt	4,122	5,794	7,274	7,668	5,459	6,401
Long-Term Leases	8.24	8.24	2.25	-	-	10.17
Long-Term Unearned Revenue	0.96	0.99	-	-	-	-
Long-Term Deferred Tax Liabilities	320.46	301.87	281.16	169.31	191.77	145.84
Other Long-Term Liabilities	2.19	5.68	0.27	0.27	0.36	2.74
Total Liabilities	16,045	16,399	17,714	18,936	20,593	24,093
Common Stock	1,032	1,032	1,032	1,041	1,045	1,047
Additional Paid-In Capital	2,858	2,858	2,858	2,982	3,020	3,008
Retained Earnings	5,703	5,647	5,622	5,631	5,485	5,114
Treasury Stock	-	-	-	-102.69	-183.95	-198.18
Comprehensive Income & Other	964.28	916.2	858.26	523.69	589.9	401.94
Total Common Equity	10,557	10,453	10,371	10,074	9,955	9,373
Minority Interest	574.05	590.45	748.14	936.37	946.03	1,361
Shareholders' Equity	11,131	11,044	11,119	11,010	10,901	10,734
Total Liabilities & Equity	27,177	27,442	28,833	29,947	31,494	34,828
Total Debt	5,316	10,093	10,937	11,090	11,159	9,416
Net Cash (Debt)	-3,569	-8,215	-7,361	-7,154	-7,439	-5,583
Net Cash Per Share	-3.09	-7.38	-7.32	-6.87	-7.06	-5.39
Filing Date Shares Outstanding	1,120	1,264	1,032	1,032	1,102	1,015
Total Common Shares Outstanding	1,120	1,264	1,032	1,032	1,102	1,015
Working Capital	8,051	9,648	12,165	13,256	10,946	12,070
Book Value Per Share	9.43	8.27	10.05	9.76	9.03	9.23
Tangible Book Value	10,412	10,305	10,204	9,972	9,837	8,369
Tangible Book Value Per Share	9.30	8.15	9.89	9.66	8.92	8.25
Buildings	-	-	782	803.6	874.97	906.4
Machinery	-	-	352.06	350.66	391.3	473.74
Construction In Progress	-	-	74.21	10.6	17.5	57.57

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