Changbai Mountain Tourism Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	438.65	286.51	211	67.44	117.66
Cash & Short-Term Investments	438.65	286.51	211	67.44	117.66
Cash Growth	53.10%	35.79%	212.89%	-42.69%	-35.63%
Accounts Receivable	94.77	67.66	47.03	54.85	64.74
Other Receivables	10.86	12.08	15.07	8.6	5.05
Receivables	105.63	79.74	62.1	63.44	69.79
Inventory	19.09	16.45	13.15	10.71	10.91
Prepaid Expenses	14.46	8.74	9.02	5.4	3.09
Other Current Assets	54.53	53.48	34.12	12.24	5.59
Total Current Assets	632.35	444.92	329.4	159.23	207.05
Property, Plant & Equipment	884.89	805.34	693.23	670.23	670.43
Long-Term Investments	-	-	3.91	4.2	4.2
Other Intangible Assets	162.76	168.51	173.69	179.08	179.46
Long-Term Deferred Tax Assets	18.26	5.02	16.81	46.22	29.1
Long-Term Deferred Charges	137.65	11.56	9.06	4.42	4.33
Other Long-Term Assets	7.33	11.32	5.83	6.91	12.46
Total Assets	1,843	1,447	1,232	1,070	1,107
Accounts Payable	72.4	41.75	34.97	15.77	6.47
Accrued Expenses	48.92	53.59	52.24	42.01	34.22
Short-Term Debt	-	80	-	-	-
Current Portion of Long-Term Debt	17.97	16.67	16.62	15.92	12.91
Current Portion of Leases	4.75	2.19	0.71	0.18	-
Current Income Taxes Payable	2.74	6.27	3.09	0	-
Current Unearned Revenue	15.75	4.76	2.35	0.62	0.69
Other Current Liabilities	67.02	25.92	20.71	11.76	7.82
Total Current Liabilities	229.54	231.13	130.7	86.26	62.12
Long-Term Debt	23.72	41.7	58.37	75	75
Long-Term Leases	51.18	1.72	1.13	0.2	1.27
Long-Term Unearned Revenue	12.79	8.94	2.29	2.63	3.01
Long-Term Deferred Tax Liabilities	15.38	1.15	0.31	-	-
Total Liabilities	332.61	284.64	192.79	164.09	141.4
Common Stock	272.36	266.67	266.67	266.67	266.67
Additional Paid-In Capital	509.1	285.56	285.56	285.56	285.56
Retained Earnings	711.73	604.12	480.66	342.6	399.99
Comprehensive Income & Other	3.34	5.68	6.25	11.37	13.41
Total Common Equity	1,497	1,162	1,039	906.2	965.63
Minority Interest	14.11	-	-	-	-
Shareholders' Equity	1,511	1,162	1,039	906.2	965.63
Total Liabilities & Equity	1,843	1,447	1,232	1,070	1,107
Total Debt	97.62	142.28	76.83	91.3	89.18
Net Cash (Debt)	341.03	144.23	134.18	-23.86	28.48
Net Cash Growth	136.44%	7.50%	-	-	-52.41%
Net Cash Per Share	1.27	0.54	0.51	-0.09	0.10
Filing Date Shares Outstanding	272.36	266.67	266.67	266.67	266.67
Total Common Shares Outstanding	272.36	266.67	266.67	266.67	266.67
Working Capital	402.81	213.79	198.7	72.97	144.93
Book Value Per Share	5.49	4.36	3.90	3.40	3.62
Tangible Book Value	1,334	993.52	865.45	727.12	786.18
Tangible Book Value Per Share	4.90	3.73	3.25	2.73	2.95
Buildings	628.64	628.68	628.68	628.68	621.63
Machinery	375.48	350.01	422.88	382.6	386.32
Construction In Progress	151.57	123.52	56.74	59.69	54.82

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