Changyu Holding Group 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	700.95	438.93	260.02	174.52
Trading Asset Securities	-	-	0	0.3
Cash & Short-Term Investments	700.95	438.93	260.03	174.82
Cash Growth	59.70%	68.80%	48.74%	-
Accounts Receivable	499.6	451.85	402.65	369.45
Other Receivables	13.16	3.86	8	0.79
Receivables	512.75	455.72	410.65	370.25
Inventory	240.32	295.89	294.35	319.52
Prepaid Expenses	6.97	0.41	-	0.43
Other Current Assets	16.96	58.85	40.57	44.31
Total Current Assets	1,478	1,250	1,006	909.33
Property, Plant & Equipment	330.35	336.68	309.15	319.28
Other Intangible Assets	69.53	71.01	73.75	72.3
Long-Term Deferred Tax Assets	10.36	9.7	11.9	13.63
Long-Term Deferred Charges	0.07	0.29	-	-
Other Long-Term Assets	15.94	3.25	9.07	4.44
Total Assets	1,904	1,671	1,409	1,319
Accounts Payable	156.03	134.3	139.35	130.18
Accrued Expenses	23.52	21.18	19.72	18.06
Short-Term Debt	-	20.01	-	52.86
Current Portion of Long-Term Debt	0.08	0.08	6.42	26.64
Current Portion of Leases	0.43	0.9	0.22	0.29
Current Income Taxes Payable	14.01	9.61	6.79	1.52
Current Unearned Revenue	8.68	11.19	15.59	23.25
Other Current Liabilities	139.08	164.42	136	177.82
Total Current Liabilities	341.82	361.69	324.09	430.63
Long-Term Debt	11.38	11.39	11.42	18.03
Long-Term Leases	0.26	0.18	0.2	0.42
Long-Term Unearned Revenue	2.12	1.58	0.95	0.89
Other Long-Term Liabilities	-	2.57	4.91	7.04
Total Liabilities	355.59	377.41	341.57	457.01
Common Stock	366.88	366.88	366.88	366.88
Additional Paid-In Capital	152.08	151.84	141.99	119.88
Retained Earnings	995.72	746.41	534.29	336.64
Comprehensive Income & Other	-0.12	-0	0	15.25
Total Common Equity	1,515	1,265	1,043	838.64
Minority Interest	34.06	28.18	24.74	23.32
Shareholders' Equity	1,549	1,293	1,068	861.96
Total Liabilities & Equity	1,904	1,671	1,409	1,319
Total Debt	12.16	32.57	18.26	98.24
Net Cash (Debt)	688.79	406.35	241.77	76.58
Net Cash Growth	69.50%	68.07%	215.72%	-
Net Cash Per Share	1.88	1.11	0.66	0.23
Filing Date Shares Outstanding	407.88	366.88	368.71	334.31
Total Common Shares Outstanding	366.88	366.88	368.71	334.31
Working Capital	1,136	888.1	681.51	478.7
Book Value Per Share	4.13	3.45	2.83	2.51
Tangible Book Value	1,445	1,194	969.4	766.34
Tangible Book Value Per Share	3.94	3.25	2.63	2.29
Buildings	205.7	208.02	195.09	194.7
Machinery	497.66	462.89	416.74	384.74
Construction In Progress	10.57	16.14	11.37	19.97