Jiangsu Safety 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	226.75	188.23	181.3	343.38	150.04	115.69
Short-Term Investments	-	-	-	-	7.22	-
Cash & Short-Term Investments	226.75	188.23	181.3	343.38	157.25	115.69
Cash Growth	59.17%	3.82%	-47.20%	118.36%	35.92%	-3.65%
Accounts Receivable	436.02	528.29	380.3	373.98	306.43	289.04
Other Receivables	22.44	25.88	23.78	2.82	1.42	1.97
Receivables	458.46	554.17	404.08	376.79	307.86	291.02
Inventory	240.87	168.11	210.97	206.24	191.32	189.05
Prepaid Expenses	-	0.35	0.24	1.42	-	-
Other Current Assets	78.44	58.49	79.51	83.86	22.42	37.26
Total Current Assets	1,005	969.35	876.1	1,012	678.85	633.02
Property, Plant & Equipment	1,264	1,282	1,321	1,102	345.88	332.69
Long-Term Investments	81.43	77.9	79.54	62.14	45.34	45.34
Goodwill	-	-	-	68.71	76.71	236.71
Other Intangible Assets	39.46	39.83	41.04	41.41	25.03	26.09
Long-Term Deferred Tax Assets	97.59	98.74	103.2	34.64	14.58	6.75
Long-Term Deferred Charges	3.85	3.78	4.98	6.19	3.29	0.91
Other Long-Term Assets	29.51	17.17	18.81	25.22	19.14	28.25
Total Assets	2,520	2,489	2,445	2,352	1,209	1,310
Accounts Payable	780	819.08	716.86	671.52	185.06	152.09
Accrued Expenses	10.48	35.44	35.09	31.99	30.91	36.45
Short-Term Debt	505.81	410.19	413.87	386.06	241.45	175.99
Current Portion of Long-Term Debt	94.42	60.33	135.99	17.8	-	-
Current Portion of Leases	-	34.02	6.16	8.99	1.15	-
Current Income Taxes Payable	10.1	2.77	2.62	10.58	7.54	7.21
Current Unearned Revenue	76.31	43	39.75	42.53	4.42	5.04
Other Current Liabilities	185.9	204.72	179.65	165.79	2.73	73.53
Total Current Liabilities	1,663	1,610	1,530	1,335	473.27	450.31
Long-Term Debt	348.96	346.23	330.39	37.44	35.4	38.39
Long-Term Leases	8.65	32.18	24.79	13.46	3.98	-
Long-Term Unearned Revenue	125.92	129.72	108.07	49.25	6.88	7.79
Long-Term Deferred Tax Liabilities	6.55	6.74	7.34	9.69	5.17	2.52
Total Liabilities	2,168	2,124	2,001	1,445	524.69	499.01
Common Stock	287.04	287.04	287.04	287.04	287.04	287.04
Additional Paid-In Capital	120.88	120.88	125.79	120.71	124.71	124.71
Retained Earnings	71.36	76.21	121.1	319.98	288.15	384.86
Treasury Stock	-29.89	-29.89	-39.69	-9.68	-32.28	-
Comprehensive Income & Other	14.99	16.09	16.83	16.21	15.81	13.51
Total Common Equity	464.4	470.34	511.06	734.26	683.43	810.12
Minority Interest	-112.24	-105.78	-66.85	172.18	0.7	0.63
Shareholders' Equity	352.16	364.56	444.21	906.44	684.13	810.74
Total Liabilities & Equity	2,520	2,489	2,445	2,352	1,209	1,310
Total Debt	957.84	882.96	911.2	463.76	281.97	214.39
Net Cash (Debt)	-731.09	-694.73	-729.9	-120.38	-124.72	-98.69
Net Cash Per Share	-2.67	-2.48	-2.55	-0.42	-0.44	-0.38
Filing Date Shares Outstanding	284.88	284.88	282.03	283.25	283.25	287.04
Total Common Shares Outstanding	284.88	284.88	282.03	283.25	283.25	287.04
Working Capital	-658.49	-640.2	-653.89	-323.6	205.59	182.71
Book Value Per Share	1.63	1.65	1.81	2.59	2.41	2.82
Tangible Book Value	424.94	430.51	470.02	624.14	581.69	547.31
Tangible Book Value Per Share	1.49	1.51	1.67	2.20	2.05	1.91
Buildings	-	775.25	773.13	248.81	248.81	242.78
Machinery	-	749.74	811.74	622.91	319.26	288.92
Construction In Progress	-	147.37	50.86	469.19	-	4.24