Liqun Commercial Group 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	1,230	923.61	713.56	726.34	744.56	876.45
Cash & Short-Term Investments	1,230	923.61	713.56	726.34	744.56	876.45
Cash Growth	5.70%	29.44%	-1.76%	-2.45%	-15.05%	110.27%
Accounts Receivable	248.44	338.7	339.24	541.47	372.7	191.54
Other Receivables	261.99	239.53	200.7	298.91	664.92	100.63
Receivables	510.43	578.23	539.95	840.39	1,038	292.17
Inventory	2,319	2,584	2,562	2,511	1,889	1,679
Other Current Assets	917.33	1,014	950.39	912.22	905.88	1,155
Total Current Assets	4,977	5,100	4,766	4,990	4,577	4,002
Property, Plant & Equipment	7,863	8,394	8,962	9,585	9,323	6,726
Long-Term Investments	25.84	25.84	26.12	24.95	23.57	21.31
Other Intangible Assets	984.25	1,013	1,052	1,189	1,210	1,219
Long-Term Deferred Tax Assets	288.65	300.82	325.36	348.44	91.73	64.04
Long-Term Deferred Charges	364.24	407.89	464.33	560.12	605.11	546.07
Other Long-Term Assets	1,000	978.76	1,001	1,014	1,120	521.03
Total Assets	15,503	16,220	16,598	17,711	16,950	13,099
Accounts Payable	980.68	1,390	1,377	1,572	1,690	1,561
Accrued Expenses	89.13	136.78	130.97	186.91	141.99	142.97
Short-Term Debt	4,453	4,269	3,686	3,774	3,167	2,283
Current Portion of Long-Term Debt	1,587	14.38	11.68	131.59	128.19	128.19
Current Portion of Leases	-	270.94	283.18	292.97	275.18	-
Current Income Taxes Payable	55.81	33.61	29.48	19.2	97.96	61.47
Current Unearned Revenue	345.7	714.73	942.08	637.49	624.56	617.43
Other Current Liabilities	1,884	1,488	1,558	2,228	1,962	1,454
Total Current Liabilities	9,395	8,317	8,018	8,842	8,087	6,248
Long-Term Debt	143.27	1,362	1,834	1,761	1,783	1,859
Long-Term Leases	1,431	1,786	2,080	2,373	2,337	-
Long-Term Unearned Revenue	34.85	35.35	34.95	26.15	17.5	14.02
Long-Term Deferred Tax Liabilities	353.86	372.43	395.06	430.67	198.57	209.02
Other Long-Term Liabilities	2.85	4.57	2.85	27.16	7.2	2.85
Total Liabilities	11,360	11,878	12,365	13,461	12,430	8,333
Common Stock	913.93	913.93	849.63	849.73	860.53	860.51
Additional Paid-In Capital	2,012	2,012	1,716	1,709	1,706	1,763
Retained Earnings	1,429	1,433	1,431	1,486	1,786	2,066
Treasury Stock	-399.38	-211.03	-30.37	-61.17	-103.27	-159.93
Comprehensive Income & Other	167.98	168.21	232.4	232.08	231.32	230.03
Total Common Equity	4,124	4,316	4,199	4,216	4,481	4,759
Minority Interest	18.65	26.87	33.43	35.17	39.31	7.2
Shareholders' Equity	4,142	4,343	4,232	4,251	4,520	4,766
Total Liabilities & Equity	15,503	16,220	16,598	17,711	16,950	13,099
Total Debt	7,613	7,703	7,895	8,333	7,690	4,270
Net Cash (Debt)	-6,383	-6,779	-7,181	-7,607	-6,945	-3,394
Net Cash Per Share	-4.76	-4.98	-4.82	-8.80	-6.93	-3.56
Filing Date Shares Outstanding	836.36	853.98	849.63	849.73	860.53	834.03
Total Common Shares Outstanding	836.36	875.68	849.63	849.73	860.53	834.03
Working Capital	-4,418	-3,218	-3,252	-3,852	-3,510	-2,245
Book Value Per Share	4.93	4.93	4.94	4.96	5.21	5.71
Tangible Book Value	3,140	3,302	3,147	3,027	3,271	3,540
Tangible Book Value Per Share	3.75	3.77	3.70	3.56	3.80	4.24
Buildings	-	7,366	7,319	6,881	6,459	6,004
Machinery	-	2,025	2,029	1,881	1,648	1,568
Construction In Progress	-	455.94	464.3	1,024	1,131	1,288

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.