Maoye Commercial 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	207.12	246.53	430.33	460.1	612.02	588.48
Short-Term Investments	-	-	-	10	-	-
Trading Asset Securities	-	7.67	21.78	25.3	37.03	24.56
Cash & Short-Term Investments	207.12	254.2	452.12	495.4	649.04	613.05
Cash Growth	6.59%	-43.78%	-8.74%	-23.67%	5.87%	-50.62%
Accounts Receivable	38.14	34.68	56.05	56.1	52.88	67.86
Other Receivables	460.48	469.03	557.58	658.86	385.19	431.84
Receivables	498.62	503.71	613.63	714.96	659.8	499.7
Inventory	1,112	1,093	1,103	1,123	1,058	1,061
Prepaid Expenses	-	3.61	1.55	3.71	3.72	2.84
Other Current Assets	228.52	199.83	212.59	196.62	384.99	483.96
Total Current Assets	2,046	2,054	2,383	2,533	2,755	2,660
Property, Plant & Equipment	5,290	5,650	6,111	6,889	7,176	5,346
Long-Term Investments	50.44	143.65	235.86	458.55	665.08	895.36
Goodwill	1,121	1,121	1,149	1,174	1,190	1,245
Other Intangible Assets	1,428	1,484	1,561	1,640	1,703	1,806
Long-Term Accounts Receivable	112.08	124.38	146.8	167.85	187.19	204.92
Long-Term Deferred Tax Assets	495.93	525.65	545.56	160.12	109.5	87.12
Long-Term Deferred Charges	149.43	193.59	291.42	370.1	450.32	420.85
Other Long-Term Assets	7,397	7,402	7,417	7,113	7,136	6,582
Total Assets	18,090	18,698	19,841	20,506	21,373	19,247
Accounts Payable	852.37	1,165	1,212	1,448	1,630	2,043
Accrued Expenses	19.17	455.68	469.66	483.52	512.03	417.09
Short-Term Debt	881.73	874.44	911.56	962.57	1,023	1,005
Current Portion of Long-Term Debt	827.11	549.27	1,494	802.48	757.67	632.53
Current Portion of Leases	-	353.16	337.88	442.19	275.11	-
Current Income Taxes Payable	309.16	198.76	192.43	51.28	66.06	121.33
Current Unearned Revenue	660.22	749.47	755.61	764.2	759.98	827.35
Other Current Liabilities	1,176	685.32	731.14	729.7	819.49	1,133
Total Current Liabilities	4,725	5,031	6,104	5,684	5,843	6,179
Long-Term Debt	2,866	3,095	2,809	3,632	4,075	4,099
Long-Term Leases	946.83	981.52	1,239	1,513	1,897	-
Long-Term Unearned Revenue	0.98	1.04	1.71	2.39	3.06	3.84
Pension & Post-Retirement Benefits	4.19	4.19	4.12	6.26	6.79	6.85
Long-Term Deferred Tax Liabilities	1,981	2,064	2,159	1,944	1,899	1,831
Other Long-Term Liabilities	8.04	9.29	14.89	14.35	25.98	17.11
Total Liabilities	10,532	11,186	12,332	12,796	13,750	12,137
Common Stock	1,732	1,732	1,732	1,732	1,732	1,732
Retained Earnings	2,636	2,588	2,595	2,839	2,762	2,553
Comprehensive Income & Other	2,663	2,656	2,637	2,591	2,571	2,277
Total Common Equity	7,030	6,976	6,964	7,162	7,065	6,562
Minority Interest	527.46	536.05	544.54	548.43	556.98	548.33
Shareholders' Equity	7,558	7,512	7,509	7,710	7,622	7,110
Total Liabilities & Equity	18,090	18,698	19,841	20,506	21,373	19,247
Total Debt	5,521	5,853	6,791	7,352	8,028	5,737
Net Cash (Debt)	-5,314	-5,599	-6,339	-6,856	-7,379	-5,124
Net Cash Per Share	-3.06	-3.23	-3.66	-3.96	-4.26	-2.96
Filing Date Shares Outstanding	1,732	1,732	1,732	1,732	1,732	1,732
Total Common Shares Outstanding	1,732	1,732	1,732	1,732	1,732	1,732
Working Capital	-2,679	-2,977	-3,721	-3,151	-3,088	-3,518
Book Value Per Share	4.06	4.03	4.02	4.14	4.08	3.79
Tangible Book Value	4,481	4,371	4,254	4,349	4,172	3,511
Tangible Book Value Per Share	2.59	2.52	2.46	2.51	2.41	2.03
Buildings	-	6,156	6,156	6,127	6,161	6,361
Machinery	-	403.08	412.08	419.21	423.33	429.17
Construction In Progress	-	993.95	982.04	1,236	1,082	1,043

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