Beijing Cuiwei Tower 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	2,133	2,033	1,876	2,086	2,355
Trading Asset Securities	-	-	-	138.68	345.86
Cash & Short-Term Investments	2,133	2,033	1,876	2,224	2,701
Cash Growth	4.92%	8.37%	-15.67%	-17.64%	1.32%
Accounts Receivable	37.23	54.46	70.39	70.66	99.28
Other Receivables	21.2	13.99	28.86	91.46	25.2
Receivables	58.43	68.45	99.25	162.12	124.48
Inventory	97.12	106.11	93.68	189.15	242.46
Prepaid Expenses	-	1.1	0.02	-	-
Other Current Assets	88.64	122.56	143.21	103.55	117.79
Total Current Assets	2,377	2,331	2,212	2,679	3,185
Property, Plant & Equipment	2,246	2,049	2,238	2,499	2,353
Long-Term Investments	1,075	1,107	1,155	1,330	1,058
Other Intangible Assets	203.5	213.8	225	237.6	244.92
Long-Term Deferred Tax Assets	34.45	101.16	156.61	175.11	112.26
Long-Term Deferred Charges	59.6	97.77	154.7	193.06	177.01
Other Long-Term Assets	128.06	523.62	742.15	875.45	636.85
Total Assets	6,124	6,424	6,883	7,989	7,767
Accounts Payable	149.03	54.59	56.8	212.74	276.91
Accrued Expenses	66.6	162.88	219.47	275.61	195.09
Short-Term Debt	710.04	760.6	235.25	240.26	100.12
Current Portion of Long-Term Debt	1,178	4.19	5.89	5.89	15.16
Current Portion of Leases	-	162.69	167.53	184.01	262.8
Current Income Taxes Payable	3.45	0.11	0.68	19.63	20.9
Current Unearned Revenue	120.08	133.05	152.72	166.08	157.11
Other Current Liabilities	1,352	1,170	1,183	1,443	1,005
Total Current Liabilities	3,580	2,448	2,021	2,547	2,033
Long-Term Debt	259.4	997.58	996.38	995.2	1,126
Long-Term Leases	614.11	819.04	980.6	1,006	677.53
Long-Term Unearned Revenue	1.36	2.22	6.42	9.09	2.34
Long-Term Deferred Tax Liabilities	10.26	5.68	-	-	-
Other Long-Term Liabilities	-	4.93	31.22	-	2.55
Total Liabilities	4,465	4,278	4,036	4,558	3,841
Common Stock	798.74	798.74	798.74	798.74	798.74
Additional Paid-In Capital	2,028	2,028	2,028	1,980	1,980
Retained Earnings	-1,140	-659.62	27.2	611.64	1,103
Treasury Stock	-44.14	-44.14	-44.14	-	-
Comprehensive Income & Other	17.17	15.82	19.1	18.37	16.7
Total Common Equity	1,659	2,139	2,829	3,408	3,898
Minority Interest	-0.6	7.17	18.27	23.34	28.65
Shareholders' Equity	1,659	2,146	2,847	3,432	3,926
Total Liabilities & Equity	6,124	6,424	6,883	7,989	7,767
Total Debt	2,762	2,744	2,386	2,431	2,181
Net Cash (Debt)	-628.74	-711.27	-509.83	-206.85	519.17
Net Cash Growth	-	-	-	-	-65.21%
Net Cash Per Share	-0.84	-0.94	-0.64	-0.26	0.66
Filing Date Shares Outstanding	738.78	754.59	754.59	798.74	798.74
Total Common Shares Outstanding	738.78	754.59	754.59	798.74	798.74
Working Capital	-1,203	-117.35	190.48	131.82	1,153
Book Value Per Share	2.25	2.83	3.75	4.27	4.88
Tangible Book Value	1,456	1,925	2,604	3,171	3,653
Tangible Book Value Per Share	1.97	2.55	3.45	3.97	4.57
Buildings	-	2,414	2,683	2,786	2,784
Machinery	-	354.53	356.91	417.73	407.04
Construction In Progress	-	28.58	3.71	9.16	13.13

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