ARTS 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	334.86	324.25	401.19	332.3	318.13	244.93
Short-Term Investments	-	-	-	-	-	0.76
Trading Asset Securities	757.27	486.73	406.16	408.66	331.6	294.38
Cash & Short-Term Investments	1,092	810.99	807.35	740.97	649.74	540.06
Cash Growth	30.42%	0.45%	8.96%	14.04%	20.31%	-2.78%
Accounts Receivable	760.73	954.18	1,143	1,222	1,316	1,556
Other Receivables	69.41	56.04	65.61	74.41	105.61	99.2
Receivables	830.13	1,010	1,208	1,296	1,422	1,655
Inventory	-	-	-	0.03	5.12	4.3
Other Current Assets	59.26	43.89	32.71	36.05	22	82.68
Total Current Assets	1,982	1,865	2,048	2,073	2,099	2,282
Property, Plant & Equipment	525.75	535.68	521.32	483.54	480.34	437.44
Long-Term Investments	330.64	329.37	211.06	218.77	209.52	124.81
Goodwill	130.4	130.4	190.98	208.37	224.15	647.48
Other Intangible Assets	213.46	218.37	226.31	235.16	122.45	77.98
Long-Term Deferred Tax Assets	63.49	60.24	48.92	38.94	37.95	31.54
Long-Term Deferred Charges	1.01	1.49	3.96	11.75	18.01	28.3
Other Long-Term Assets	142.93	146.72	138.35	119.87	97.2	84.52
Total Assets	3,390	3,289	3,392	3,394	3,293	3,717
Accounts Payable	795.01	854.43	876.8	891.04	843.31	801.34
Accrued Expenses	234.64	303.06	301.36	270.39	302.17	303.05
Short-Term Debt	306.19	215.15	249.8	242.26	204.18	122.82
Current Portion of Long-Term Debt	9.28	-	-	-	-	-
Current Portion of Leases	-	2.66	5.67	6.92	9.23	-
Current Income Taxes Payable	17.15	15.75	22.66	19.98	27.2	36.38
Current Unearned Revenue	284.45	268.66	303.98	329.27	298.49	250.34
Other Current Liabilities	168.21	127.58	114.14	124.08	118.71	166.33
Total Current Liabilities	1,815	1,787	1,874	1,884	1,803	1,680
Long-Term Debt	59.5	-	-	31.51	-	-
Long-Term Leases	1.66	5.54	8.38	16.27	48.88	-
Long-Term Deferred Tax Liabilities	6.08	6.23	6.44	6.66	3.58	3.73
Other Long-Term Liabilities	8.62	8.62	18.8	18.09	5.71	8.81
Total Liabilities	1,891	1,808	1,908	1,956	1,861	1,693
Common Stock	276.19	275.91	275.91	275.91	278.51	276.81
Additional Paid-In Capital	1,005	1,003	1,010	1,002	1,036	1,028
Retained Earnings	230.58	229.23	204.12	180.29	161.42	749.97
Treasury Stock	-30.06	-44.9	-28.72	-49.49	-69.93	-61.98
Comprehensive Income & Other	-1.14	-0.52	-1.27	0.17	-0.01	-
Total Common Equity	1,480	1,463	1,460	1,409	1,406	1,993
Minority Interest	19.11	18.26	23.75	28.87	25.87	31.35
Shareholders' Equity	1,500	1,481	1,484	1,437	1,431	2,024
Total Liabilities & Equity	3,390	3,289	3,392	3,394	3,293	3,717
Total Debt	376.62	223.34	263.84	296.96	262.28	122.82
Net Cash (Debt)	715.51	587.64	543.51	444.01	387.45	417.24
Net Cash Growth	57.06%	8.12%	22.41%	14.60%	-7.14%	6.86%
Net Cash Per Share	2.64	2.18	1.99	1.58	1.41	1.50
Filing Date Shares Outstanding	282.86	272.41	265.64	272.93	273.68	271.8
Total Common Shares Outstanding	282.86	272.41	265.64	272.93	273.68	271.8
Working Capital	166.59	77.81	173.91	189.31	295.56	602.22
Book Value Per Share	5.23	5.37	5.50	5.16	5.14	7.33
Tangible Book Value	1,137	1,114	1,043	964.98	1,059	1,268
Tangible Book Value Per Share	4.02	4.09	3.93	3.54	3.87	4.66
Buildings	-	458.13	458.13	458.27	458.27	458.27
Machinery	-	63.63	70.28	76.04	75.91	76.45
Construction In Progress	-	171.22	136.02	67.41	11.9	4.55

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