Beijing Cuiwei Tower 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	2,193	2,033	1,876	2,086	2,355	2,339
Trading Asset Securities	-	-	-	138.68	345.86	326.64
Cash & Short-Term Investments	2,193	2,033	1,876	2,224	2,701	2,666
Cash Growth	19.13%	8.37%	-15.67%	-17.64%	1.32%	-5.68%
Accounts Receivable	67.87	54.46	70.39	70.66	99.28	89.73
Other Receivables	9.67	13.99	28.86	91.46	25.2	109.67
Receivables	77.54	68.45	99.25	162.12	124.48	199.4
Inventory	102.08	106.11	93.68	189.15	242.46	288.06
Prepaid Expenses	-	1.1	0.02	-	-	-
Other Current Assets	113.02	122.56	143.21	103.55	117.79	89.4
Total Current Assets	2,485	2,331	2,212	2,679	3,185	3,242
Property, Plant & Equipment	2,357	2,049	2,238	2,499	2,353	1,767
Long-Term Investments	1,075	1,107	1,155	1,330	1,058	1,393
Other Intangible Assets	205.23	213.8	225	237.6	244.92	251.56
Long-Term Deferred Tax Assets	95.7	101.16	156.61	175.11	112.26	53.85
Long-Term Deferred Charges	68.02	97.77	154.7	193.06	177.01	39.78
Other Long-Term Assets	192.56	523.62	742.15	875.45	636.85	279.13
Total Assets	6,479	6,424	6,883	7,989	7,767	7,027
Accounts Payable	168.04	54.59	56.8	212.74	276.91	195.1
Accrued Expenses	45.43	162.88	219.47	275.61	195.09	208.8
Short-Term Debt	810.14	760.6	235.25	240.26	100.12	606.35
Current Portion of Long-Term Debt	-	4.19	5.89	5.89	15.16	566.73
Current Portion of Leases	220.12	162.69	167.53	184.01	262.8	-
Current Income Taxes Payable	12.43	0.11	0.68	19.63	20.9	8.68
Current Unearned Revenue	125.36	133.05	152.72	166.08	157.11	162.55
Other Current Liabilities	1,358	1,170	1,183	1,443	1,005	1,683
Total Current Liabilities	2,739	2,448	2,021	2,547	2,033	3,431
Long-Term Debt	1,170	997.58	996.38	995.2	1,126	-
Long-Term Leases	735.71	819.04	980.6	1,006	677.53	-
Long-Term Unearned Revenue	1.22	2.22	6.42	9.09	2.34	1.13
Long-Term Deferred Tax Liabilities	5.68	5.68	-	-	-	-
Other Long-Term Liabilities	-	4.93	31.22	-	2.55	2.55
Total Liabilities	4,652	4,278	4,036	4,558	3,841	3,435
Common Stock	798.74	798.74	798.74	798.74	798.74	747.74
Additional Paid-In Capital	2,028	2,028	2,028	1,980	1,980	1,712
Retained Earnings	-970.74	-659.62	27.2	611.64	1,103	1,109
Treasury Stock	-44.14	-44.14	-44.14	-	-	-
Comprehensive Income & Other	16.13	15.82	19.1	18.37	16.7	-0.03
Total Common Equity	1,828	2,139	2,829	3,408	3,898	3,568
Minority Interest	-1	7.17	18.27	23.34	28.65	23.64
Shareholders' Equity	1,827	2,146	2,847	3,432	3,926	3,592
Total Liabilities & Equity	6,479	6,424	6,883	7,989	7,767	7,027
Total Debt	2,936	2,744	2,386	2,431	2,181	1,173
Net Cash (Debt)	-742.67	-711.27	-509.83	-206.85	519.17	1,492
Net Cash Growth	-	-	-	-	-65.21%	-19.31%
Net Cash Per Share	-1.03	-0.94	-0.64	-0.26	0.66	2.39
Filing Date Shares Outstanding	754.59	754.59	754.59	798.74	798.74	798.74
Total Common Shares Outstanding	754.59	754.59	754.59	798.74	798.74	747.74
Working Capital	-253.89	-117.35	190.48	131.82	1,153	-189.01
Book Value Per Share	2.42	2.83	3.75	4.27	4.88	4.77
Tangible Book Value	1,623	1,925	2,604	3,171	3,653	3,317
Tangible Book Value Per Share	2.15	2.55	3.45	3.97	4.57	4.44
Buildings	-	2,414	2,683	2,786	2,784	2,784
Machinery	-	354.53	356.91	417.73	407.04	389.58
Construction In Progress	-	28.58	3.71	9.16	13.13	11.77

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