Cowealth Medical China 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	187.4	260.84	197.89	326.86	146.6	247.07
Trading Asset Securities	5.8	-	-	10	-	-
Cash & Short-Term Investments	193.2	260.84	197.89	336.86	146.6	247.07
Cash Growth	3.51%	31.81%	-41.25%	129.78%	-40.66%	-11.52%
Accounts Receivable	775.33	746.93	758.84	747.95	557.35	543.39
Other Receivables	1.39	2.15	7.65	4.77	6.89	10.07
Receivables	776.72	749.08	766.49	752.72	564.24	553.46
Inventory	195.71	201.88	196.87	204.82	178.86	140.35
Prepaid Expenses	-	-	-	-	-	0.07
Other Current Assets	120.51	79.18	93.54	116.95	80.14	25.96
Total Current Assets	1,286	1,291	1,255	1,411	969.85	966.91
Property, Plant & Equipment	114.09	118.95	118.53	81.98	88.27	80.07
Other Intangible Assets	6.91	7.48	7.89	1.81	0.94	1.1
Long-Term Deferred Tax Assets	33.34	29.99	34.3	31.79	29.06	32.43
Long-Term Deferred Charges	21.97	21.9	17.78	13.82	23.43	10.56
Other Long-Term Assets	58.98	22.63	24	15.63	5.96	6.7
Total Assets	1,521	1,494	1,461	1,559	1,121	1,099
Accounts Payable	352.46	224.12	167.67	240.09	127.8	127.53
Accrued Expenses	9.03	36.8	43.4	40.11	37.82	31.25
Short-Term Debt	19.86	46.27	53.92	51.31	97.64	91.35
Current Portion of Long-Term Debt	3.46	2.22	8.84	8.69	10.15	17.15
Current Portion of Leases	-	1.34	2.51	3.44	3.41	-
Current Income Taxes Payable	2.15	5.11	7.08	14.56	13.99	20.56
Current Unearned Revenue	0.7	1.61	1.14	2.04	9.12	4.92
Other Current Liabilities	23.24	1.24	1.16	1.32	1.67	77.57
Total Current Liabilities	410.91	318.7	285.73	361.55	301.61	370.34
Long-Term Debt	2.39	-	2.18	10.84	11.99	7.32
Long-Term Leases	0.23	0.74	3.5	5.71	7.91	-
Other Long-Term Liabilities	-	-	1.08	2.38	3.28	4.77
Total Liabilities	413.53	319.44	292.49	380.49	324.78	382.43
Common Stock	398.05	398.05	398.05	398.05	298.54	298.54
Additional Paid-In Capital	596.74	596.62	596.65	596.65	336.1	335.77
Retained Earnings	106.63	170.76	167.08	179.6	168.53	88.3
Comprehensive Income & Other	4.21	6.03	5.02	3.44	-7.33	-5.59
Total Common Equity	1,106	1,171	1,167	1,178	795.83	717.02
Minority Interest	2.26	3.16	2.11	0.83	-0.07	-
Shareholders' Equity	1,108	1,175	1,169	1,179	795.77	717.02
Total Liabilities & Equity	1,521	1,494	1,461	1,559	1,121	1,099
Total Debt	25.94	50.57	70.96	80	131.1	115.82
Net Cash (Debt)	167.25	210.28	126.93	256.86	15.5	131.24
Net Cash Growth	106.92%	65.66%	-50.58%	1556.84%	-88.19%	-31.41%
Net Cash Per Share	0.40	0.53	0.32	0.68	0.05	0.43
Filing Date Shares Outstanding	398.05	398.05	398.05	398.05	398.05	298.54
Total Common Shares Outstanding	398.05	398.05	398.05	398.05	298.54	298.54
Working Capital	875.22	972.28	969.07	1,050	668.24	596.58
Book Value Per Share	2.78	2.94	2.93	2.96	2.67	2.40
Tangible Book Value	1,099	1,164	1,159	1,176	794.89	715.92
Tangible Book Value Per Share	2.76	2.92	2.91	2.95	2.66	2.40
Buildings	-	127.69	122.07	80.07	78.78	72.07
Machinery	-	57.95	67.42	83.41	86.82	90.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.