Liqun Commercial Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	959.27	923.61	713.56	726.34	744.56
Cash & Short-Term Investments	959.27	923.61	713.56	726.34	744.56
Cash Growth	3.86%	29.44%	-1.76%	-2.45%	-15.05%
Accounts Receivable	143	338.7	339.24	541.47	372.7
Other Receivables	148.31	239.53	200.7	298.91	664.92
Receivables	291.31	578.23	539.95	840.39	1,038
Inventory	2,268	2,584	2,562	2,511	1,889
Other Current Assets	777.69	1,014	950.39	912.22	905.88
Total Current Assets	4,296	5,100	4,766	4,990	4,577
Property, Plant & Equipment	7,714	8,394	8,962	9,585	9,323
Long-Term Investments	31.76	25.84	26.12	24.95	23.57
Other Intangible Assets	973.42	1,013	1,052	1,189	1,210
Long-Term Deferred Tax Assets	389.45	300.82	325.36	348.44	91.73
Long-Term Deferred Charges	332.75	407.89	464.33	560.12	605.11
Other Long-Term Assets	981.65	978.76	1,001	1,014	1,120
Total Assets	14,719	16,220	16,598	17,711	16,950
Accounts Payable	863.84	1,390	1,377	1,572	1,690
Accrued Expenses	109.94	136.78	130.97	186.91	141.99
Short-Term Debt	4,307	4,269	3,686	3,774	3,167
Current Portion of Long-Term Debt	1,393	14.38	11.68	131.59	128.19
Current Portion of Leases	-	270.94	283.18	292.97	275.18
Current Income Taxes Payable	55.23	33.61	29.48	19.2	97.96
Current Unearned Revenue	330.37	714.73	942.08	637.49	624.56
Other Current Liabilities	1,674	1,488	1,558	2,228	1,962
Total Current Liabilities	8,734	8,317	8,018	8,842	8,087
Long-Term Debt	109.29	1,362	1,834	1,761	1,783
Long-Term Leases	1,343	1,786	2,080	2,373	2,337
Long-Term Unearned Revenue	36.47	35.35	34.95	26.15	17.5
Long-Term Deferred Tax Liabilities	466.19	372.43	395.06	430.67	198.57
Other Long-Term Liabilities	4.12	4.57	2.85	27.16	7.2
Total Liabilities	10,693	11,878	12,365	13,461	12,430
Common Stock	933.06	913.93	849.63	849.73	860.53
Additional Paid-In Capital	2,110	2,012	1,716	1,709	1,706
Retained Earnings	1,093	1,433	1,431	1,486	1,786
Treasury Stock	-191.22	-211.03	-30.37	-61.17	-103.27
Comprehensive Income & Other	73.11	168.21	232.4	232.08	231.32
Total Common Equity	4,018	4,316	4,199	4,216	4,481
Minority Interest	8.58	26.87	33.43	35.17	39.31
Shareholders' Equity	4,026	4,343	4,232	4,251	4,520
Total Liabilities & Equity	14,719	16,220	16,598	17,711	16,950
Total Debt	7,153	7,703	7,895	8,333	7,690
Net Cash (Debt)	-6,193	-6,779	-7,181	-7,607	-6,945
Net Cash Per Share	-7.31	-4.98	-4.82	-8.80	-6.93
Filing Date Shares Outstanding	641.65	853.98	849.63	849.73	860.53
Total Common Shares Outstanding	641.65	875.68	849.63	849.73	860.53
Working Capital	-4,438	-3,218	-3,252	-3,852	-3,510
Book Value Per Share	6.26	4.93	4.94	4.96	5.21
Tangible Book Value	3,044	3,302	3,147	3,027	3,271
Tangible Book Value Per Share	4.74	3.77	3.70	3.56	3.80
Buildings	-	7,366	7,319	6,881	6,459
Machinery	-	2,025	2,029	1,881	1,648
Construction In Progress	-	455.94	464.3	1,024	1,131

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.