Chengdu B-ray Media Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	400.01	443.92	510.92	487.63	643.94	578.43
Trading Asset Securities	4.2	4.2	4.2	-	-	-
Cash & Short-Term Investments	404.21	448.12	515.12	487.63	643.94	578.43
Cash Growth	-10.93%	-13.01%	5.64%	-24.27%	11.33%	-31.13%
Accounts Receivable	319.1	263.12	317	436.28	346.85	214.82
Other Receivables	235.9	278.26	237.29	93.78	34.29	47.47
Receivables	555	541.38	554.29	530.06	381.14	262.29
Inventory	65.92	142.17	69.42	33.86	25.6	24.81
Prepaid Expenses	0.32	0.68	0.88	1.25	0	0.79
Other Current Assets	130.15	84.69	93.74	31.23	26.55	60.65
Total Current Assets	1,156	1,217	1,233	1,084	1,077	926.95
Property, Plant & Equipment	193.7	198.38	186.84	189.55	196.22	204.14
Long-Term Investments	555.79	573	580.32	616.76	623.96	553.43
Goodwill	420.73	420.73	420.73	420.73	420.73	420.73
Other Intangible Assets	35.76	35.29	31.87	37.64	45.01	46.04
Long-Term Accounts Receivable	9.9	9.9	32.11	29.16	5.59	9.54
Long-Term Deferred Tax Assets	102.3	91.3	60.64	50.78	42.2	41.42
Long-Term Deferred Charges	15.15	11.07	2.78	3.24	3.75	1.51
Other Long-Term Assets	1,002	1,036	1,006	1,023	1,010	999.53
Total Assets	4,028	4,164	4,113	4,003	3,864	3,789

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	58.06	118.35	187.62	155.21	82.22	92.82
Accrued Expenses	21.47	21.88	47.8	50.35	39.38	42.97
Short-Term Debt	140.08	168.08	135.07	68.96	108.77	42.36
Current Portion of Long-Term Debt	2.25	2.9	30.42	-	-	-
Current Portion of Leases	1.7	0.79	2.65	2.9	2.4	2.99
Current Income Taxes Payable	2.44	3.42	6.2	6.52	2.71	6.53
Current Unearned Revenue	93.66	78.37	42.01	38.72	10.17	19.37
Other Current Liabilities	271.93	279.36	285.32	304.01	297.88	302.36
Total Current Liabilities	591.59	673.15	737.08	626.68	543.53	509.41
Long-Term Debt	100.93	101.6	-	15.49	6	-
Long-Term Leases	28.04	30.44	9.08	11.02	4.95	0.62
Long-Term Deferred Tax Liabilities	101.44	102.13	103.49	104.33	102.54	100.98
Other Long-Term Liabilities	1.88	2.02	2.48	1.77	1.08	1.24
Total Liabilities	823.88	909.35	852.14	759.29	658.09	612.25

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	1,093	1,093	1,093	1,093	1,093	1,093
Additional Paid-In Capital	843.3	856.33	853.99	853.99	853.98	846.88
Retained Earnings	1,005	1,067	1,093	1,085	1,062	1,049
Total Common Equity	2,942	3,016	3,040	3,032	3,009	2,989
Minority Interest	262.08	238.66	221.15	211.01	196.3	187.18
Shareholders' Equity	3,204	3,255	3,261	3,243	3,206	3,176
Total Liabilities & Equity	4,028	4,164	4,113	4,003	3,864	3,789

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	273	303.81	177.21	98.38	122.11	45.97
Net Cash (Debt)	131.21	144.31	337.9	389.25	521.83	532.45
Net Cash Growth	-45.14%	-57.29%	-13.19%	-25.41%	-2.00%	-35.72%
Net Cash Per Share	0.07	0.10	0.36	0.32	0.52	0.47
Filing Date Shares Outstanding	1,093	1,093	1,093	1,093	1,093	1,093
Total Common Shares Outstanding	1,093	1,093	1,093	1,093	1,093	1,093
Working Capital	564.01	543.89	496.36	457.36	533.7	417.55
Book Value Per Share	2.69	2.76	2.78	2.77	2.75	2.73
Tangible Book Value	2,485	2,560	2,587	2,574	2,544	2,523
Tangible Book Value Per Share	2.27	2.34	2.37	2.35	2.33	2.31
Buildings	362.87	363.2	364.12	353.69	382.72	383.98
Machinery	50.88	49.19	48.96	49.91	51.75	51.13
Construction In Progress	1.34	1.17	-	-	0.18	0.18