Nanning Department Store Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	108.13	103.11	156.74	203.47	251.18	302.59
Cash & Short-Term Investments	108.13	103.11	156.74	203.47	251.18	302.59
Cash Growth	29.61%	-34.22%	-22.97%	-19.00%	-16.99%	12.04%
Accounts Receivable	12.63	29.27	20.79	9.72	6.81	4.54
Other Receivables	70.97	19.74	19.13	8.3	35.3	35.27
Receivables	83.59	49	39.92	18.02	42.12	39.81
Inventory	78.36	65.77	101.05	113.77	99.79	117.49
Prepaid Expenses	-	-	-	-	5.01	-
Other Current Assets	64.06	82.68	58.81	56.9	53.01	53.95
Total Current Assets	334.15	300.55	356.51	392.15	451.12	513.84
Property, Plant & Equipment	903.77	812.18	857.82	895.49	1,154	986.16
Long-Term Investments	29.43	41.13	30.78	31.02	31	30.59
Other Intangible Assets	12.61	17.92	19.38	21.75	22.43	24.79
Long-Term Accounts Receivable	-	117.44	165.1	174.35	-	-
Long-Term Deferred Tax Assets	29.02	30.67	24.8	28.38	26.41	28.67
Long-Term Deferred Charges	22.07	27.83	13.93	18.69	30.7	220.05
Other Long-Term Assets	38.37	39.33	40.61	41.89	-	-
Total Assets	1,369	1,387	1,509	1,604	1,716	1,804
Accounts Payable	168.7	178.43	270.24	285.39	332.29	409.11
Accrued Expenses	10.78	37	34.12	33.07	41.1	41.46
Short-Term Debt	170.98	135.16	92.46	248.77	240.28	274.33
Current Portion of Long-Term Debt	8.85	5	10	-	-	-
Current Portion of Leases	-	4.47	8.37	8	9.1	-
Current Income Taxes Payable	3.1	-	-	0.01	0.59	-
Current Unearned Revenue	52.77	64.88	61.93	63.47	74.13	76.17
Other Current Liabilities	102.35	102	87.23	84.12	64.66	70.04
Total Current Liabilities	517.52	526.94	564.34	722.81	762.16	871.11
Long-Term Debt	42.49	45.04	83.03	-	-	-
Long-Term Leases	12.09	17.49	31.7	34.7	41.53	-
Long-Term Deferred Tax Liabilities	0.32	0.88	1.02	-	-	-
Other Long-Term Liabilities	-	-	0.5	25.13	26.85	39.75
Total Liabilities	572.43	590.35	680.6	782.64	830.55	910.86
Common Stock	544.66	544.66	544.66	544.66	544.66	544.66
Additional Paid-In Capital	369.86	369.86	369.86	369.86	369.86	369.86
Retained Earnings	-117.51	-117.8	-86.17	-93.42	-28.93	-21.27
Shareholders' Equity	797	796.71	828.34	821.09	885.58	893.24
Total Liabilities & Equity	1,369	1,387	1,509	1,604	1,716	1,804
Total Debt	234.41	207.16	225.56	291.47	290.91	274.33
Net Cash (Debt)	-126.28	-104.06	-68.83	-88	-39.73	28.27
Net Cash Growth	-	-	-	-	-	-43.55%
Net Cash Per Share	-0.22	-0.19	-0.13	-0.16	-0.07	0.05
Filing Date Shares Outstanding	544.66	544.66	544.66	544.66	544.66	544.66
Total Common Shares Outstanding	544.66	544.66	544.66	544.66	544.66	544.66
Working Capital	-183.38	-226.39	-207.83	-330.66	-311.05	-357.27
Book Value Per Share	1.46	1.46	1.52	1.51	1.63	1.64
Tangible Book Value	784.38	778.78	808.96	799.34	863.15	868.45
Tangible Book Value Per Share	1.44	1.43	1.49	1.47	1.58	1.59
Buildings	-	1,249	1,249	1,249	1,302	1,304
Machinery	-	139.68	142.5	145.8	166.41	179.4
Construction In Progress	-	0.38	0.28	0.07	0.07	0.24

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