Jiangsu Safety Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	217.12	188.23	181.3	343.38	150.04	115.69
Short-Term Investments	-	-	-	-	7.22	-
Cash & Short-Term Investments	217.12	188.23	181.3	343.38	157.25	115.69
Cash Growth	-16.57%	3.82%	-47.20%	118.36%	35.92%	-3.65%
Accounts Receivable	459.35	528.29	380.3	373.98	306.43	289.04
Other Receivables	7.14	25.88	23.78	2.82	1.42	1.97
Receivables	466.49	554.17	404.08	376.79	307.86	291.02
Inventory	233.83	168.11	210.97	206.24	191.32	189.05
Prepaid Expenses	-	0.35	0.24	1.42	-	-
Other Current Assets	68.82	58.49	79.51	83.86	22.42	37.26
Total Current Assets	986.25	969.35	876.1	1,012	678.85	633.02
Property, Plant & Equipment	1,244	1,282	1,321	1,102	345.88	332.69
Long-Term Investments	81.79	77.9	79.54	62.14	45.34	45.34
Goodwill	-	-	-	68.71	76.71	236.71
Other Intangible Assets	39.11	39.83	41.04	41.41	25.03	26.09
Long-Term Deferred Tax Assets	99.9	98.74	103.2	34.64	14.58	6.75
Long-Term Deferred Charges	3.21	3.78	4.98	6.19	3.29	0.91
Other Long-Term Assets	18.08	17.17	18.81	25.22	19.14	28.25
Total Assets	2,473	2,489	2,445	2,352	1,209	1,310

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	748.13	819.08	716.86	671.52	185.06	152.09
Accrued Expenses	12.36	35.44	35.09	31.99	30.91	36.45
Short-Term Debt	543.4	410.19	413.87	386.06	241.45	175.99
Current Portion of Long-Term Debt	167.66	60.33	135.99	17.8	-	-
Current Portion of Leases	-	34.02	6.16	8.99	1.15	-
Current Income Taxes Payable	10.05	2.77	2.62	10.58	7.54	7.21
Current Unearned Revenue	58.88	43	39.75	42.53	4.42	5.04
Other Current Liabilities	186.28	204.72	179.65	165.79	2.73	73.53
Total Current Liabilities	1,727	1,610	1,530	1,335	473.27	450.31
Long-Term Debt	289.17	346.23	330.39	37.44	35.4	38.39
Long-Term Leases	5.99	32.18	24.79	13.46	3.98	-
Long-Term Unearned Revenue	122.15	129.72	108.07	49.25	6.88	7.79
Long-Term Deferred Tax Liabilities	6.32	6.74	7.34	9.69	5.17	2.52
Total Liabilities	2,157	2,124	2,001	1,445	524.69	499.01

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	287.04	287.04	287.04	287.04	287.04	287.04
Additional Paid-In Capital	123.41	120.88	125.79	120.71	124.71	124.71
Retained Earnings	43.77	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	15.3	16.09	16.83	16.21	15.81	13.51
Total Common Equity	439.63	470.34	511.06	734.26	683.43	810.12
Minority Interest	-123.47	-105.78	-66.85	172.18	0.7	0.63
Shareholders' Equity	316.16	364.56	444.21	906.44	684.13	810.74
Total Liabilities & Equity	2,473	2,489	2,445	2,352	1,209	1,310

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,006	882.96	911.2	463.76	281.97	214.39
Net Cash (Debt)	-789.1	-694.73	-729.9	-120.38	-124.72	-98.69
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.88	-2.48	-2.55	-0.42	-0.44	-0.38
Filing Date Shares Outstanding	347.58	284.88	282.03	283.25	283.25	287.04
Total Common Shares Outstanding	347.58	284.88	282.03	283.25	283.25	287.04
Working Capital	-740.51	-640.2	-653.89	-323.6	205.59	182.71
Book Value Per Share	1.26	1.65	1.81	2.59	2.41	2.82
Tangible Book Value	400.52	430.51	470.02	624.14	581.69	547.31
Tangible Book Value Per Share	1.15	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