Guangxi LiuYao Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	2,212	3,787	3,684	3,148	3,855	3,416
Short-Term Investments	-	225	493.59	322.2	-	-
Cash & Short-Term Investments	2,212	4,012	4,177	3,470	3,855	3,416
Cash Growth	-17.40%	-3.96%	20.39%	-9.98%	12.86%	-2.30%
Accounts Receivable	11,871	11,043	11,397	11,060	9,259	7,845
Other Receivables	66.2	58.59	58.55	64.95	86.14	31.8
Receivables	11,937	11,102	11,455	11,125	9,345	7,876
Inventory	3,395	2,980	2,642	2,306	2,462	1,805
Prepaid Expenses	-	-	-	1.28	-	-
Other Current Assets	345	332.56	338.31	414.81	462.91	290.52
Total Current Assets	17,889	18,427	18,613	17,317	16,125	13,388
Property, Plant & Equipment	1,354	1,333	1,321	1,282	1,203	1,212
Long-Term Investments	78.46	331.43	3.58	289.95	1.11	-
Goodwill	751.26	751.26	765.46	765.46	765.46	765.46
Other Intangible Assets	210.14	214.14	223.13	239.9	256.5	226.82
Long-Term Deferred Tax Assets	132.18	120.71	102.5	99.74	56.42	52.09
Long-Term Deferred Charges	45.14	46.9	55.73	64.76	71.45	91.53
Other Long-Term Assets	358.71	114.43	184.45	100.84	128.05	139.42
Total Assets	20,818	21,338	21,269	20,159	18,607	15,875
Accounts Payable	5,371	5,696	6,920	7,174	6,526	4,803
Accrued Expenses	1.98	55.73	58.25	109.86	114.96	61.73
Short-Term Debt	2,971	2,498	2,944	3,173	2,996	2,711
Current Portion of Long-Term Debt	494.48	1,133	35.6	16	66	-
Current Portion of Leases	-	75.62	93.02	92.68	87.43	77.64
Current Income Taxes Payable	112.93	69.53	35.71	55.33	36.94	40.07
Current Unearned Revenue	10.2	62.57	71.16	34.84	102.72	50.6
Other Current Liabilities	2,215	2,631	1,699	958.14	897.25	884.82
Total Current Liabilities	11,177	12,221	11,858	11,614	10,828	8,629
Long-Term Debt	881.97	540.28	1,005	990.31	967.97	943.09
Long-Term Leases	110.38	101.33	127.92	149.29	139.21	190.85
Long-Term Unearned Revenue	67.03	67.37	68.25	65.74	67.99	70.43
Long-Term Deferred Tax Liabilities	31.87	30.25	37	41.03	5.16	3.05
Other Long-Term Liabilities	235.82	235.82	236.61	235.59	233.6	232.22
Total Liabilities	12,504	13,196	13,332	13,096	12,242	10,068
Common Stock	349.15	397.18	399.03	362.23	362.23	362.36
Additional Paid-In Capital	2,266	2,266	2,305	1,963	1,980	1,980
Retained Earnings	5,422	5,197	4,786	4,170	3,502	2,975
Treasury Stock	-183.95	-183.95	-18.99	-30.48	-29.01	-9.57
Comprehensive Income & Other	152.67	152.82	152.85	152.85	152.85	152.87
Total Common Equity	8,006	7,829	7,624	6,618	5,969	5,460
Minority Interest	308.2	313.14	312.51	446.12	396.38	346.18
Shareholders' Equity	8,314	8,142	7,937	7,064	6,365	5,806
Total Liabilities & Equity	20,818	21,338	21,269	20,159	18,607	15,875
Total Debt	4,458	4,349	4,205	4,421	4,257	3,923
Net Cash (Debt)	-2,246	-336.92	-28.13	-951.09	-402.01	-507.24
Net Cash Per Share	-5.83	-0.85	-0.07	-2.63	-1.11	-1.40
Filing Date Shares Outstanding	350.92	387.96	398.61	361.81	360.76	362.06
Total Common Shares Outstanding	350.92	387.96	398.61	361.81	360.76	362.06
Working Capital	6,712	6,206	6,755	5,703	5,297	4,759
Book Value Per Share	22.81	20.18	19.13	18.29	16.55	15.08
Tangible Book Value	7,045	6,864	6,636	5,612	4,947	4,468
Tangible Book Value Per Share	20.08	17.69	16.65	15.51	13.71	12.34
Buildings	-	782.96	781.92	775.89	746.96	608.46
Machinery	-	777.31	684.86	608.02	543.31	469.77
Construction In Progress	-	122.42	83.07	36.32	14.04	114.93

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