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	Sep '26 Sep 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	444.28	372.43	367.32	231.56	431.43	490.3
Trading Asset Securities	0.3	0.48	0.32	0.4	0.57	0.86
Cash & Short-Term Investments	444.58	372.91	367.64	231.96	432	491.15
Cash Growth	1.58%	1.43%	58.49%	-46.31%	-12.04%	1.78%
Accounts Receivable	182.84	218.27	251.01	208.79	301.86	227.77
Other Receivables	111.31	99.83	140.81	148.96	70.18	130.46
Receivables	294.14	318.1	391.82	357.75	372.04	358.23
Inventory	12.04	26.4	24.69	35.77	61.91	68.58
Prepaid Expenses	-	1.4	1.82	2.56	3.84	-
Other Current Assets	74.98	59.57	65.81	56.49	103.85	244.66
Total Current Assets	825.73	778.38	851.78	684.53	973.65	1,163
Property, Plant & Equipment	2,149	2,262	2,374	2,340	2,431	2,510
Long-Term Investments	63.05	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	852.22	899.27	929.94	956.64	1,046	1,077
Long-Term Deferred Tax Assets	56.7	55.51	57.11	53.59	39.23	52.6
Long-Term Deferred Charges	84.26	71.74	69.51	87.78	114.53	152.8
Other Long-Term Assets	243.24	226.98	245.37	251.99	111.39	132.01
Total Assets	4,280	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	Sep '26 Sep 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	125.69	173.65	207.4	223.82	300.03	248.79
Accrued Expenses	105.09	145.05	150.93	157.83	169.15	177.16
Short-Term Debt	1,192	1,339	1,426	1,383	1,687	2,107
Current Portion of Long-Term Debt	65.64	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	30.78	16.77	22.68	18.97	36.76	48.95
Current Unearned Revenue	22.51	20.62	23.05	25.27	29.93	53.96
Other Current Liabilities	1,077	1,071	1,154	1,098	1,113	744.07
Total Current Liabilities	2,618	2,802	3,070	2,923	3,351	3,543
Long-Term Debt	169.16	58.26	60.46	85.25	69.5	14.24
Long-Term Leases	142.88	140.55	124.02	108.43	3.56	35.09
Long-Term Unearned Revenue	21.98	20.77	4.96	1.46	2.18	42.48
Long-Term Deferred Tax Liabilities	81.33	80.19	82.59	81.46	48.54	51.26
Other Long-Term Liabilities	103.5	103.48	117.79	87.83	91.22	91.61
Total Liabilities	3,137	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	Sep '26 Sep 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	680.04	672.41	672.41	676.18	654.46	654.46
Retained Earnings	-75.62	-58.89	-74.56	-85.59	-20.73	130.87
Comprehensive Income & Other	44.75	39.69	31.45	34.97	38.49	36.26
Total Common Equity	933.65	937.69	913.78	910.04	956.7	1,106
Minority Interest	208.9	217	225.8	245.53	262.83	292.37
Shareholders' Equity	1,143	1,155	1,140	1,156	1,220	1,398
Total Liabilities & Equity	4,280	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	Sep '26 Sep 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	1,569	1,574	1,697	1,592	1,775	2,320
Net Cash (Debt)	-1,125	-1,201	-1,329	-1,360	-1,343	-1,829
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.69	-4.50	-4.82	-4.69	-4.72	-6.37
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	-1,792	-2,024	-2,218	-2,238	-2,377	-2,381
Book Value Per Share	3.28	3.30	3.21	3.20	3.36	3.89
Tangible Book Value	75.87	32.86	-21.72	-52.16	-99.3	-1.55
Tangible Book Value Per Share	0.27	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