ARTS Group 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	364.72	304.32	324.25	401.19	332.3	318.13
Trading Asset Securities	603.11	692.2	486.73	406.16	408.66	331.6
Cash & Short-Term Investments	967.82	996.52	810.99	807.35	740.97	649.74
Cash Growth	2.54%	22.88%	0.45%	8.96%	14.04%	20.31%
Accounts Receivable	639.88	787.4	954.18	1,143	1,222	1,316
Other Receivables	74.77	65.12	56.04	65.61	74.41	105.61
Receivables	714.66	852.52	1,010	1,208	1,296	1,422
Inventory	-	-	-	-	0.03	5.12
Other Current Assets	42.62	45.62	43.89	32.71	36.05	22
Total Current Assets	1,725	1,895	1,865	2,048	2,073	2,099
Property, Plant & Equipment	518.34	522.71	535.68	521.32	483.54	480.34
Long-Term Investments	341.3	340.97	329.37	211.06	218.77	209.52
Goodwill	88.27	88.27	130.4	190.98	208.37	224.15
Other Intangible Assets	183.09	184.63	218.37	226.31	235.16	122.45
Long-Term Deferred Tax Assets	70.22	70.93	60.24	48.92	38.94	37.95
Long-Term Deferred Charges	0.97	1.02	1.49	3.96	11.75	18.01
Other Long-Term Assets	120.29	122.34	146.72	138.35	119.87	97.2
Total Assets	3,048	3,226	3,289	3,392	3,394	3,293
Accounts Payable	690.67	724.38	854.43	876.8	891.04	843.31
Accrued Expenses	247.99	363.54	303.06	301.36	270.39	302.17
Short-Term Debt	68.04	150.1	215.15	249.8	242.26	204.18
Current Portion of Long-Term Debt	9.16	7.05	-	-	-	-
Current Portion of Leases	-	2.07	2.66	5.67	6.92	9.23
Current Income Taxes Payable	33.6	29.35	15.75	22.66	19.98	27.2
Current Unearned Revenue	293.73	275.65	268.66	303.98	329.27	298.49
Other Current Liabilities	129.05	115.55	127.58	114.14	124.08	118.71
Total Current Liabilities	1,472	1,668	1,787	1,874	1,884	1,803
Long-Term Debt	56	59.5	-	-	31.51	-
Long-Term Leases	3.52	3.61	5.54	8.38	16.27	48.88
Long-Term Deferred Tax Liabilities	1.89	1.94	6.23	6.44	6.66	3.58
Other Long-Term Liabilities	6.3	6.3	8.62	18.8	18.09	5.71
Total Liabilities	1,540	1,739	1,808	1,908	1,956	1,861
Common Stock	276.19	276.19	275.91	275.91	275.91	278.51
Additional Paid-In Capital	1,005	1,005	1,003	1,010	1,002	1,036
Retained Earnings	244.32	223.37	229.23	204.12	180.29	161.42
Treasury Stock	-30.06	-30.06	-44.9	-28.72	-49.49	-69.93
Comprehensive Income & Other	-2.5	-1.72	-0.52	-1.27	0.17	-0.01
Total Common Equity	1,493	1,473	1,463	1,460	1,409	1,406
Minority Interest	14.65	14.12	18.26	23.75	28.87	25.87
Shareholders' Equity	1,508	1,487	1,481	1,484	1,437	1,431
Total Liabilities & Equity	3,048	3,226	3,289	3,392	3,394	3,293
Total Debt	136.72	222.33	223.34	263.84	296.96	262.28
Net Cash (Debt)	831.11	774.19	587.64	543.51	444.01	387.45
Net Cash Growth	57.03%	31.75%	8.12%	22.41%	14.60%	-7.14%
Net Cash Per Share	3.06	2.84	2.18	1.99	1.58	1.41
Filing Date Shares Outstanding	261.91	272.69	272.41	265.64	272.93	273.68
Total Common Shares Outstanding	261.91	272.69	272.41	265.64	272.93	273.68
Working Capital	252.86	226.98	77.81	173.91	189.31	295.56
Book Value Per Share	5.70	5.40	5.37	5.50	5.16	5.14
Tangible Book Value	1,222	1,200	1,114	1,043	964.98	1,059
Tangible Book Value Per Share	4.66	4.40	4.09	3.93	3.54	3.87
Buildings	-	458.13	458.13	458.13	458.27	458.27
Machinery	-	61.22	63.63	70.28	76.04	75.91
Construction In Progress	-	177.14	171.22	136.02	67.41	11.9

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