Sichuan Swellfun Co.,Ltd 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	446.44	671.9	2,124	2,350	1,912	1,890
Cash & Short-Term Investments	446.44	671.9	2,124	2,350	1,912	1,890
Cash Growth	-68.06%	-68.37%	-9.59%	22.90%	1.15%	42.10%
Accounts Receivable	57.2	32.96	118.39	2.2	3.46	13.06
Other Receivables	145.53	16.84	5.9	4.53	6.43	6.05
Receivables	202.73	49.82	124.29	6.76	9.92	19.14
Inventory	3,985	3,911	3,216	2,452	2,443	2,197
Other Current Assets	198.8	192.72	99.61	95.16	45.6	80.72
Total Current Assets	4,833	4,825	5,564	4,904	4,410	4,187
Property, Plant & Equipment	2,988	3,023	2,996	2,915	2,118	1,222
Other Intangible Assets	141.92	145.98	157.47	163.23	129.99	119.54
Long-Term Deferred Tax Assets	344.26	364.12	389.95	400.35	332.07	235.12
Long-Term Deferred Charges	48.75	50.4	39.68	18.21	14.47	1
Other Long-Term Assets	24.83	25.21	26.09	24.81	42.92	126.8
Total Assets	8,380	8,434	9,173	8,425	7,047	5,891
Accounts Payable	508.06	447.98	872.41	461.8	495.42	411.54
Accrued Expenses	134.25	524.48	923.17	995.15	901.85	837.76
Short-Term Debt	1,168	1,032	-	-	-	-
Current Portion of Leases	5.92	6.65	1.42	5.54	6.28	5.27
Current Income Taxes Payable	130.15	14.85	55.77	155.86	93.46	115.17
Current Unearned Revenue	688.96	806.02	949.23	1,220	1,027	958.73
Other Current Liabilities	402.15	428.81	1,153	1,162	1,036	904.58
Total Current Liabilities	3,038	3,260	3,955	4,000	3,561	3,233
Long-Term Leases	7.27	8.56	0.79	0.5	6.04	12.09
Long-Term Unearned Revenue	45.77	46.87	25.55	21.34	22.33	14.16
Pension & Post-Retirement Benefits	4.5	4.5	3.44	8.83	-	-
Total Liabilities	3,096	3,320	3,985	4,031	3,589	3,259
Common Stock	487.5	487.5	487.5	488.36	488.36	488.37
Additional Paid-In Capital	307.33	307.33	307.33	415.44	418.52	395.27
Retained Earnings	4,630	4,459	4,524	3,627	2,724	1,873
Treasury Stock	-140.6	-140.6	-130.6	-136.41	-172.22	-125.17
Shareholders' Equity	5,285	5,114	5,188	4,394	3,458	2,632
Total Liabilities & Equity	8,380	8,434	9,173	8,425	7,047	5,891
Total Debt	1,182	1,047	2.21	6.04	12.31	17.36
Net Cash (Debt)	-735.22	-374.87	2,122	2,343	1,899	1,873
Net Cash Growth	-	-	-9.46%	23.38%	1.43%	40.79%
Net Cash Per Share	-1.52	-0.77	4.37	4.81	3.90	3.83
Filing Date Shares Outstanding	484.64	484.64	484.64	487.11	487.5	487.51
Total Common Shares Outstanding	484.64	484.64	484.85	487.11	487.5	487.38
Working Capital	1,795	1,565	1,608	903.65	849.5	953.8
Book Value Per Share	10.90	10.55	10.70	9.02	7.09	5.40
Tangible Book Value	5,143	4,968	5,030	4,231	3,328	2,512
Tangible Book Value Per Share	10.61	10.25	10.37	8.69	6.83	5.15
Buildings	-	-	-	775.77	544.25	533.11
Machinery	-	3,650	3,413	499.85	420.32	387.38
Construction In Progress	-	254.82	292.61	2,188	1,624	704.58