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 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	111.68	122.04	103.11	156.74	203.47	251.18
Cash & Short-Term Investments	111.68	122.04	103.11	156.74	203.47	251.18
Cash Growth	46.47%	18.36%	-34.22%	-22.97%	-19.00%	-16.99%
Accounts Receivable	13.9	13.95	29.27	20.79	9.72	6.81
Other Receivables	24.78	11.82	19.74	19.13	8.3	35.3
Receivables	38.68	25.77	49	39.92	18.02	42.12
Inventory	108.71	113.86	65.77	101.05	113.77	99.79
Prepaid Expenses	-	-	-	-	-	5.01
Other Current Assets	101.46	89.84	82.68	58.81	56.9	53.01
Total Current Assets	360.52	351.51	300.55	356.51	392.15	451.12
Property, Plant & Equipment	837.62	853.89	812.18	857.82	895.49	1,154
Long-Term Investments	29.59	29.56	41.13	30.78	31.02	31
Other Intangible Assets	12.3	12.17	17.92	19.38	21.75	22.43
Long-Term Accounts Receivable	-	-	117.44	165.1	174.35	-
Long-Term Deferred Tax Assets	34.7	34.7	30.67	24.8	28.38	26.41
Long-Term Deferred Charges	19.17	20.59	27.83	13.93	18.69	30.7
Other Long-Term Assets	37.73	38.05	39.33	40.61	41.89	-
Total Assets	1,332	1,340	1,387	1,509	1,604	1,716
Accounts Payable	165.23	156.08	178.43	270.24	285.39	332.29
Accrued Expenses	9.64	45.06	37	34.12	33.07	41.1
Short-Term Debt	166.41	163.69	135.16	92.46	248.77	240.28
Current Portion of Long-Term Debt	7.38	5	5	10	-	-
Current Portion of Leases	-	3.94	4.47	8.37	8	9.1
Current Income Taxes Payable	2.67	0.01	-	-	0.01	0.59
Current Unearned Revenue	72.13	73.52	64.88	61.93	63.47	74.13
Other Current Liabilities	100.26	80.31	102	87.23	84.12	64.66
Total Current Liabilities	523.73	527.61	526.94	564.34	722.81	762.16
Long-Term Debt	39.99	40.04	45.04	83.03	-	-
Long-Term Leases	2.08	9.73	17.49	31.7	34.7	41.53
Long-Term Unearned Revenue	7.03	7.03	-	-	-	-
Long-Term Deferred Tax Liabilities	0.27	0.27	0.88	1.02	-	-
Other Long-Term Liabilities	0.42	0.42	-	0.5	25.13	26.85
Total Liabilities	573.52	585.1	590.35	680.6	782.64	830.55
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	-156.41	-159.15	-117.8	-86.17	-93.42	-28.93
Shareholders' Equity	758.11	755.36	796.71	828.34	821.09	885.58
Total Liabilities & Equity	1,332	1,340	1,387	1,509	1,604	1,716
Total Debt	215.86	222.39	207.16	225.56	291.47	290.91
Net Cash (Debt)	-104.18	-100.35	-104.06	-68.83	-88	-39.73
Net Cash Per Share	-0.19	-0.18	-0.19	-0.13	-0.16	-0.07
Filing Date Shares Outstanding	548.63	544.66	544.66	544.66	544.66	544.66
Total Common Shares Outstanding	548.63	544.66	544.66	544.66	544.66	544.66
Working Capital	-163.21	-176.1	-226.39	-207.83	-330.66	-311.05
Book Value Per Share	1.38	1.39	1.46	1.52	1.51	1.63
Tangible Book Value	745.81	743.19	778.78	808.96	799.34	863.15
Tangible Book Value Per Share	1.36	1.36	1.43	1.49	1.47	1.58
Buildings	-	1,248	1,253	1,249	1,249	1,302
Machinery	-	130.93	135.66	142.5	145.8	166.41
Construction In Progress	-	0.46	0.38	0.28	0.07	0.07

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