Jiangxi Changyun 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	Jun '26 Jun 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	390.65	372.43	367.32	231.56	431.43	490.3
Trading Asset Securities	0.27	0.48	0.32	0.4	0.57	0.86
Cash & Short-Term Investments	390.91	372.91	367.64	231.96	432	491.15
Cash Growth	-19.59%	1.43%	58.49%	-46.31%	-12.04%	1.78%
Accounts Receivable	162.33	218.27	251.01	208.79	301.86	227.77
Other Receivables	113.1	99.83	140.81	148.96	70.18	130.46
Receivables	275.43	318.1	391.82	357.75	372.04	358.23
Inventory	17.23	26.4	24.69	35.77	61.91	68.58
Prepaid Expenses	-	1.4	1.82	2.56	3.84	-
Other Current Assets	62.3	59.57	65.81	56.49	103.85	244.66
Total Current Assets	745.87	778.38	851.78	684.53	973.65	1,163
Property, Plant & Equipment	2,197	2,262	2,374	2,340	2,431	2,510
Long-Term Investments	61.96	61.32	65.87	62.79	59.32	58.53
Goodwill	5.56	5.56	5.56	5.56	9.97	30.59
Other Intangible Assets	859.04	899.27	929.94	956.64	1,046	1,077
Long-Term Deferred Tax Assets	56.22	55.51	57.11	53.59	39.23	52.6
Long-Term Deferred Charges	61.93	71.74	69.51	87.78	114.53	152.8
Other Long-Term Assets	245.19	226.98	245.37	251.99	111.39	132.01
Total Assets	4,233	4,360	4,599	4,443	4,785	5,176

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	119.05	173.65	207.4	223.82	300.03	248.79
Accrued Expenses	98.89	145.05	150.93	157.83	169.15	177.16
Short-Term Debt	1,217	1,339	1,426	1,383	1,687	2,107
Current Portion of Long-Term Debt	61.69	20.83	74.85	8.32	10.7	163.5
Current Portion of Leases	-	15.33	11.93	7.4	4.57	0.35
Current Income Taxes Payable	36.98	16.77	22.68	18.97	36.76	48.95
Current Unearned Revenue	21.96	20.62	23.05	25.27	29.93	53.96
Other Current Liabilities	1,090	1,071	1,154	1,098	1,113	744.07
Total Current Liabilities	2,646	2,802	3,070	2,923	3,351	3,543
Long-Term Debt	76.41	58.26	60.46	85.25	69.5	14.24
Long-Term Leases	144.06	140.55	124.02	108.43	3.56	35.09
Long-Term Unearned Revenue	21.35	20.77	4.96	1.46	2.18	42.48
Long-Term Deferred Tax Liabilities	79.81	80.19	82.59	81.46	48.54	51.26
Other Long-Term Liabilities	107.5	103.48	117.79	87.83	91.22	91.61
Total Liabilities	3,075	3,206	3,460	3,287	3,566	3,778

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	284.48	284.48	284.48	284.48	284.48	284.48
Additional Paid-In Capital	678.86	672.41	672.41	676.18	654.46	654.46
Retained Earnings	-61.57	-58.89	-74.56	-85.59	-20.73	130.87
Comprehensive Income & Other	43.55	39.69	31.45	34.97	38.49	36.26
Total Common Equity	945.32	937.69	913.78	910.04	956.7	1,106
Minority Interest	212.35	217	225.8	245.53	262.83	292.37
Shareholders' Equity	1,158	1,155	1,140	1,156	1,220	1,398
Total Liabilities & Equity	4,233	4,360	4,599	4,443	4,785	5,176

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	1,499	1,574	1,697	1,592	1,775	2,320
Net Cash (Debt)	-1,109	-1,201	-1,329	-1,360	-1,343	-1,829
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.10	-4.50	-4.82	-4.69	-4.72	-6.37
Filing Date Shares Outstanding	307.71	284.48	284.48	284.48	284.48	284.48
Total Common Shares Outstanding	307.71	284.48	284.48	284.48	284.48	284.48
Working Capital	-1,900	-2,024	-2,218	-2,238	-2,377	-2,381
Book Value Per Share	3.07	3.30	3.21	3.20	3.36	3.89
Tangible Book Value	80.72	32.86	-21.72	-52.16	-99.3	-1.55
Tangible Book Value Per Share	0.26	0.12	-0.08	-0.18	-0.35	-0.01
Buildings	-	1,948	1,958	1,955	2,047	2,026
Machinery	-	2,182	2,234	2,218	2,348	2,341
Construction In Progress	-	32.41	31.64	27.79	94.52	120.77