Jiangxi Changyun Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	372.43	367.32	231.56	431.43	490.3
Trading Asset Securities	0.48	0.32	0.4	0.57	0.86
Cash & Short-Term Investments	372.91	367.64	231.96	432	491.15
Cash Growth	1.43%	58.49%	-46.31%	-12.04%	1.78%
Accounts Receivable	218.27	251.01	208.79	301.86	227.77
Other Receivables	99.83	140.81	148.96	70.18	130.46
Receivables	318.1	391.82	357.75	372.04	358.23
Inventory	26.4	24.69	35.77	61.91	68.58
Prepaid Expenses	1.4	1.82	2.56	3.84	-
Other Current Assets	59.57	65.81	56.49	103.85	244.66
Total Current Assets	778.38	851.78	684.53	973.65	1,163
Property, Plant & Equipment	2,262	2,374	2,340	2,431	2,510
Long-Term Investments	61.32	65.87	62.79	59.32	58.53
Goodwill	5.56	5.56	5.56	9.97	30.59
Other Intangible Assets	899.27	929.94	956.64	1,046	1,077
Long-Term Deferred Tax Assets	55.51	57.11	53.59	39.23	52.6
Long-Term Deferred Charges	71.74	69.51	87.78	114.53	152.8
Other Long-Term Assets	226.98	245.37	251.99	111.39	132.01
Total Assets	4,360	4,599	4,443	4,785	5,176
Accounts Payable	173.65	207.4	223.82	300.03	248.79
Accrued Expenses	145.05	150.93	157.83	169.15	177.16
Short-Term Debt	1,339	1,426	1,383	1,687	2,107
Current Portion of Long-Term Debt	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	16.77	22.68	18.97	36.76	48.95
Current Unearned Revenue	20.62	23.05	25.27	29.93	53.96
Other Current Liabilities	1,071	1,154	1,098	1,113	744.07
Total Current Liabilities	2,802	3,070	2,923	3,351	3,543
Long-Term Debt	58.26	60.46	85.25	69.5	14.24
Long-Term Leases	140.55	124.02	108.43	3.56	35.09
Long-Term Unearned Revenue	20.77	4.96	1.46	2.18	42.48
Long-Term Deferred Tax Liabilities	80.19	82.59	81.46	48.54	51.26
Other Long-Term Liabilities	103.48	117.79	87.83	91.22	91.61
Total Liabilities	3,206	3,460	3,287	3,566	3,778
Common Stock	284.48	284.48	284.48	284.48	284.48
Additional Paid-In Capital	672.41	672.41	676.18	654.46	654.46
Retained Earnings	-58.89	-74.56	-85.59	-20.73	130.87
Comprehensive Income & Other	39.69	31.45	34.97	38.49	36.26
Total Common Equity	937.69	913.78	910.04	956.7	1,106
Minority Interest	217	225.8	245.53	262.83	292.37
Shareholders' Equity	1,155	1,140	1,156	1,220	1,398
Total Liabilities & Equity	4,360	4,599	4,443	4,785	5,176
Total Debt	1,574	1,697	1,592	1,775	2,320
Net Cash (Debt)	-1,201	-1,329	-1,360	-1,343	-1,829
Net Cash Per Share	-4.50	-4.82	-4.69	-4.72	-6.37
Filing Date Shares Outstanding	284.48	284.48	284.48	284.48	284.48
Total Common Shares Outstanding	284.48	284.48	284.48	284.48	284.48
Working Capital	-2,024	-2,218	-2,238	-2,377	-2,381
Book Value Per Share	3.30	3.21	3.20	3.36	3.89
Tangible Book Value	32.86	-21.72	-52.16	-99.3	-1.55
Tangible Book Value Per Share	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

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