Industrial Securities 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	91,592	84,077	77,404	69,479	80,352	15,663
Short-Term Investments	10,917	13,835	4,996	11,708	10,008	57,864
Trading Asset Securities	90,378	55,834	64,236	61,568	44,624	35,127
Accounts Receivable	45,382	44,099	34,426	30,839	29,633	35,482
Other Receivables	1,653	684.2	876.38	917.92	975.48	947.56
Property, Plant & Equipment	1,189	1,259	1,435	1,548	1,559	1,656
Goodwill	12.26	12.26	12.26	12.26	12.26	12.26
Other Intangible Assets	342.2	395.32	439.08	479.39	432.78	362.43
Investments in Debt & Equity Securities	80,636	15,171	21,485	5,482	6,500	4,942
Other Current Assets	39,388	61,708	41,212	45,981	39,908	41,966
Long-Term Deferred Tax Assets	1,187	1,205	1,145	1,091	988.22	1,150
Other Long-Term Assets	2,845	66,031	52,988	44,051	30,575	21,941
Total Assets	365,520	344,989	301,016	273,611	245,859	217,463
Accounts Payable	-	12.54	0.39	0.39	0.4	0.4
Accrued Expenses	119,842	90,948	81,104	68,045	77,426	68,217
Short-Term Debt	112,450	112,605	81,151	57,772	39,221	40,625
Current Portion of Long-Term Debt	-	21,630	8,707	29,380	-	15,520
Current Portion of Leases	-	182.96	256.98	250.85	267.2	267.68
Other Current Liabilities	3,867	4,393	2,439	3,142	3,679	3,913
Long-Term Debt	60,031	34,221	47,172	32,928	52,356	37,362
Long-Term Leases	433.01	294.1	287.06	313.69	433.07	579.32
Long-Term Unearned Revenue	68.16	63.93	78.91	96.13	83.72	71.52
Long-Term Deferred Tax Liabilities	25.41	22.21	19.85	119.82	165.44	222.7
Other Long-Term Liabilities	1,218	13,561	16,613	20,446	15,085	4,158
Total Liabilities	297,934	278,300	238,097	212,641	189,022	172,108
Common Stock	8,636	8,636	8,636	8,636	8,636	6,697
Additional Paid-In Capital	-	22,620	22,577	22,560	22,472	14,377
Retained Earnings	24,792	24,007	22,577	21,735	20,929	19,847
Comprehensive Income & Other	28,910	6,375	4,025	3,440	227.5	269.29
Total Common Equity	62,338	61,638	57,815	56,372	52,265	41,189
Minority Interest	5,248	5,051	5,104	4,599	4,573	4,166
Shareholders' Equity	67,586	66,689	62,919	60,971	56,837	45,355
Total Liabilities & Equity	365,520	344,989	301,016	273,611	245,859	217,463
Total Debt	172,914	168,933	137,573	120,644	92,277	94,353
Net Cash (Debt)	19,972	-15,187	9,063	22,111	42,708	14,300
Net Cash Growth	87.61%	-	-59.01%	-48.23%	198.65%	411.57%
Net Cash Per Share	2.31	-1.76	1.05	2.56	5.67	2.05
Filing Date Shares Outstanding	9,104	8,636	8,636	8,636	8,636	6,697
Total Common Shares Outstanding	9,104	8,636	8,636	8,636	8,636	6,697
Working Capital	43,150	30,950	49,543	62,173	84,811	57,621
Book Value Per Share	6.85	6.48	6.35	6.18	6.05	6.15
Tangible Book Value	61,983	61,230	57,364	55,880	51,820	40,815
Tangible Book Value Per Share	6.81	6.43	6.30	6.12	6.00	6.09

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