Dashang 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	3,782	3,496	3,712	2,945	2,848	3,299
Short-Term Investments	-	-	-	-	-	10
Trading Asset Securities	1,089	986.39	1,288	1,839	1,253	2,343
Cash & Short-Term Investments	4,871	4,482	5,000	4,784	4,101	5,653
Cash Growth	-3.25%	-10.37%	4.53%	16.65%	-27.45%	-11.75%
Accounts Receivable	391.31	257.76	315.2	244.48	250.95	177.44
Other Receivables	101.68	105.82	13.48	30.54	92.88	942.01
Receivables	492.99	363.58	328.68	275.02	343.83	1,119
Inventory	5,409	5,262	4,699	4,535	4,436	4,270
Prepaid Expenses	-	-	36.2	50.54	47.32	44.01
Other Current Assets	254.12	261.77	278.14	304.4	278.12	240.44
Total Current Assets	11,027	10,369	10,342	9,949	9,206	11,327
Property, Plant & Equipment	5,222	5,340	6,035	6,599	7,312	8,083
Long-Term Investments	157.47	156.69	44.11	42.22	43.71	42.4
Goodwill	57.82	57.82	57.82	57.82	57.82	57.82
Other Intangible Assets	672.77	686.73	733.76	777.18	832.24	887.56
Long-Term Deferred Tax Assets	442.1	428.82	400.17	414.54	468.28	536.23
Long-Term Deferred Charges	36.28	39.18	33.37	50.21	68.3	88.06
Other Long-Term Assets	132.35	134.35	142.5	150.66	158.81	166.97
Total Assets	17,748	17,212	17,789	18,041	18,146	21,189
Accounts Payable	2,288	2,118	2,247	2,242	2,169	2,465
Accrued Expenses	60.29	58.37	348.88	320.34	334.91	348.6
Short-Term Debt	-	-	-	-	2.96	565.24
Current Portion of Long-Term Debt	406.92	399.25	-	-	69	-
Current Portion of Leases	-	-	414.92	467.91	506.78	476.18
Current Income Taxes Payable	202.74	161.48	53.09	48.02	50.49	49.9
Current Unearned Revenue	1,302	1,235	1,304	1,256	1,311	1,364
Other Current Liabilities	1,884	1,801	1,564	1,624	1,466	2,107
Total Current Liabilities	6,144	5,774	5,932	5,958	5,910	7,376
Long-Term Debt	-	-	-	-	-	69
Long-Term Leases	1,826	1,945	2,525	3,071	3,602	4,266
Long-Term Unearned Revenue	5.99	6.08	6.12	6.41	6.71	7
Long-Term Deferred Tax Liabilities	210.93	213.14	247.82	258.02	258.95	266.05
Other Long-Term Liabilities	68.77	69.98	71.11	82.09	98.98	121.48
Total Liabilities	8,255	8,009	8,782	9,375	9,876	12,106
Common Stock	344.36	344.36	313.05	293.72	293.72	293.72
Additional Paid-In Capital	775.29	775.29	771.88	780.51	771.88	1,102
Retained Earnings	8,040	7,765	7,622	7,532	7,170	7,673
Treasury Stock	-	-	-	-200	-200	-200
Comprehensive Income & Other	-13.9	-13.9	-10.77	-10.77	-10.77	-10.77
Total Common Equity	9,146	8,871	8,697	8,396	8,024	8,858
Minority Interest	347.51	332.55	310.13	269.99	245.72	224.08
Shareholders' Equity	9,493	9,204	9,007	8,666	8,270	9,083
Total Liabilities & Equity	17,748	17,212	17,789	18,041	18,146	21,189
Total Debt	2,233	2,345	2,940	3,538	4,181	5,377
Net Cash (Debt)	2,639	2,137	2,060	1,245	-80.06	275.94
Net Cash Growth	18.44%	3.75%	65.42%	-	-	-95.13%
Net Cash Per Share	7.64	6.19	5.97	3.61	-0.23	0.79
Filing Date Shares Outstanding	343.16	338.78	347.77	344.36	344.36	344.36
Total Common Shares Outstanding	343.16	338.78	344.36	344.36	344.36	344.36
Working Capital	4,883	4,595	4,410	3,991	3,296	3,950
Book Value Per Share	26.65	26.19	25.25	24.38	23.30	25.72
Tangible Book Value	8,415	8,126	7,905	7,561	7,134	7,913
Tangible Book Value Per Share	24.52	23.99	22.96	21.96	20.72	22.98
Buildings	-	-	8,582	8,404	8,390	8,402
Machinery	-	-	1,320	1,345	1,368	1,382
Construction In Progress	-	-	14.77	9.37	9.49	5.82

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