Jiangxi Changyun 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	437.16	367.32	231.56	431.43	490.3	482.56
Trading Asset Securities	0.48	0.32	0.4	0.57	0.86	-
Cash & Short-Term Investments	437.64	367.64	231.96	432	491.15	482.56
Cash Growth	-6.80%	58.49%	-46.31%	-12.04%	1.78%	-32.17%
Accounts Receivable	195.93	251.01	208.79	301.86	227.77	220.36
Other Receivables	149.48	140.81	148.96	70.18	130.46	71.31
Receivables	345.41	391.82	357.75	372.04	358.23	291.67
Inventory	25.08	24.69	35.77	61.91	68.58	124.37
Prepaid Expenses	-	1.82	2.56	3.84	-	-
Other Current Assets	77.93	65.81	56.49	103.85	244.66	250.96
Total Current Assets	886.07	851.78	684.53	973.65	1,163	1,150
Property, Plant & Equipment	2,300	2,374	2,340	2,431	2,510	2,844
Long-Term Investments	55.02	65.87	62.79	59.32	58.53	163.13
Goodwill	5.56	5.56	5.56	9.97	30.59	34.61
Other Intangible Assets	902.19	929.94	956.64	1,046	1,077	1,170
Long-Term Deferred Tax Assets	57.36	57.11	53.59	39.23	52.6	55.23
Long-Term Deferred Charges	59.5	69.51	87.78	114.53	152.8	179.72
Other Long-Term Assets	236.7	245.37	251.99	111.39	132.01	150.26
Total Assets	4,503	4,599	4,443	4,785	5,176	5,747
Accounts Payable	152.39	207.4	223.82	300.03	248.79	356.45
Accrued Expenses	105.58	150.93	157.83	169.15	177.16	192.08
Short-Term Debt	1,541	1,426	1,383	1,687	2,107	2,264
Current Portion of Long-Term Debt	44.7	74.85	8.32	10.7	163.5	58.81
Current Portion of Leases	-	11.93	7.4	4.57	0.35	-
Current Income Taxes Payable	35.46	22.68	18.97	36.76	48.95	44.18
Current Unearned Revenue	23.61	23.05	25.27	29.93	53.96	100.65
Other Current Liabilities	1,075	1,154	1,098	1,113	744.07	769.75
Total Current Liabilities	2,978	3,070	2,923	3,351	3,543	3,786
Long-Term Debt	56.49	60.46	85.25	69.5	14.24	171.45
Long-Term Leases	143.78	124.02	108.43	3.56	35.09	97.09
Long-Term Unearned Revenue	4.21	4.96	1.46	2.18	42.48	53
Long-Term Deferred Tax Liabilities	81.85	82.59	81.46	48.54	51.26	53.03
Other Long-Term Liabilities	111.18	117.79	87.83	91.22	91.61	160.01
Total Liabilities	3,375	3,460	3,287	3,566	3,778	4,321
Common Stock	284.48	284.48	284.48	284.48	284.48	284.48
Additional Paid-In Capital	672.08	672.41	676.18	654.46	654.46	656.74
Retained Earnings	-86.86	-74.56	-85.59	-20.73	130.87	119.4
Comprehensive Income & Other	35.94	31.45	34.97	38.49	36.26	32.83
Total Common Equity	905.63	913.78	910.04	956.7	1,106	1,093
Minority Interest	221.78	225.8	245.53	262.83	292.37	332.18
Shareholders' Equity	1,127	1,140	1,156	1,220	1,398	1,426
Total Liabilities & Equity	4,503	4,599	4,443	4,785	5,176	5,747
Total Debt	1,786	1,697	1,592	1,775	2,320	2,592
Net Cash (Debt)	-1,349	-1,329	-1,360	-1,343	-1,829	-2,109
Net Cash Per Share	-3.39	-4.82	-4.69	-4.72	-6.37	-8.08
Filing Date Shares Outstanding	284.48	284.48	284.48	284.48	284.48	284.48
Total Common Shares Outstanding	284.48	284.48	284.48	284.48	284.48	284.48
Working Capital	-2,092	-2,218	-2,238	-2,377	-2,381	-2,637
Book Value Per Share	3.18	3.21	3.20	3.36	3.89	3.84
Tangible Book Value	-2.12	-21.72	-52.16	-99.3	-1.55	-110.68
Tangible Book Value Per Share	-0.01	-0.08	-0.18	-0.35	-0.01	-0.39
Buildings	-	1,958	1,955	2,047	2,026	2,143
Machinery	-	2,234	2,218	2,348	2,341	2,559
Construction In Progress	-	31.64	27.79	94.52	120.77	226.66

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