Shanghai Dragon 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	404.72	465.67	483.29	430.93	353.5	391.77
Cash & Short-Term Investments	404.72	465.67	483.29	430.93	353.5	391.77
Cash Growth	-4.33%	-3.64%	12.15%	21.90%	-9.77%	1.60%
Accounts Receivable	231.94	308.34	278.79	301.55	176.3	281.39
Other Receivables	47.36	66.15	49.68	46.6	77.22	135.96
Receivables	279.31	374.49	328.47	348.15	253.53	417.35
Inventory	311.61	302.03	321.15	379.35	464.59	522.34
Other Current Assets	188.4	130.52	118.76	128.81	149.78	479.88
Total Current Assets	1,184	1,273	1,252	1,287	1,221	1,811
Property, Plant & Equipment	328.93	324.71	348.04	393.08	421.52	485.81
Long-Term Investments	0.54	0.54	0.56	1.11	1.03	0.88
Other Intangible Assets	29.62	30.97	34.27	39.58	30.93	26.14
Long-Term Deferred Tax Assets	0.23	0.24	0.26	0.16	0.06	1.52
Long-Term Deferred Charges	2.39	2.83	5.39	5.16	4.39	11.31
Other Long-Term Assets	18.88	18.63	22.66	21.36	23.55	32.05
Total Assets	1,565	1,651	1,663	1,748	1,703	2,369
Accounts Payable	278.22	315.67	267.17	286.79	129.7	161.11
Accrued Expenses	14.81	23.68	37.54	34.88	40.35	81.26
Short-Term Debt	110.09	180.12	180.16	210.17	258.32	422.41
Current Portion of Long-Term Debt	16.23	19.6	108.6	111.1	110.15	0.09
Current Portion of Leases	-	-	18.92	23.54	23.16	19.99
Current Income Taxes Payable	14.19	18.27	0.58	1.89	3.79	2.32
Current Unearned Revenue	101.27	108.78	103.89	92.15	142.92	137.21
Other Current Liabilities	87.59	84.42	78.69	82.72	82.54	69.18
Total Current Liabilities	622.4	750.54	795.54	843.24	790.93	893.57
Long-Term Debt	-	-	-	58.55	80	100
Long-Term Leases	43.59	27.52	28.72	46.47	43.6	60.67
Long-Term Unearned Revenue	0.58	0.58	0.95	1.59	4.3	9.68
Long-Term Deferred Tax Liabilities	6.09	6.09	6.31	6.47	7.12	7.67
Other Long-Term Liabilities	57.59	57.59	57.63	57.85	59.09	57.07
Total Liabilities	730.25	842.32	889.16	1,014	985.05	1,129
Common Stock	424.86	424.86	424.86	424.86	424.86	424.86
Additional Paid-In Capital	930.52	930.52	930.52	930.52	930.52	930.52
Retained Earnings	-548.85	-573.59	-604.5	-639.39	-655.34	-133.16
Comprehensive Income & Other	7.13	6.82	4.19	-2.91	-3.09	-3.24
Total Common Equity	813.66	788.61	755.08	713.08	696.96	1,219
Minority Interest	20.72	19.69	18.6	20.42	20.88	21.37
Shareholders' Equity	834.38	808.3	773.68	733.5	717.83	1,240
Total Liabilities & Equity	1,565	1,651	1,663	1,748	1,703	2,369
Total Debt	169.91	227.24	336.4	449.84	515.24	603.16
Net Cash (Debt)	234.81	238.43	146.89	-18.91	-161.74	-211.39
Net Cash Growth	75.07%	62.32%	-	-	-	-
Net Cash Per Share	0.56	0.56	0.33	-0.05	-0.38	-0.50
Filing Date Shares Outstanding	412.45	451.18	424.86	424.86	424.86	424.86
Total Common Shares Outstanding	412.45	451.18	424.86	424.86	424.86	424.86
Working Capital	561.64	522.17	456.12	443.99	430.47	917.76
Book Value Per Share	1.97	1.75	1.78	1.68	1.64	2.87
Tangible Book Value	784.04	757.64	720.81	673.5	666.03	1,193
Tangible Book Value Per Share	1.90	1.68	1.70	1.59	1.57	2.81
Buildings	-	-	389.19	389.12	387.21	387.21
Machinery	-	-	288.67	303.14	318.23	344.36
Construction In Progress	-	-	0.68	0.58	10.35	11.23

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