Suli Co., Ltd. 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	421.07	409.48	443.04	1,326	1,924	1,123
Trading Asset Securities	110.19	200.35	290.38	-	20	13.89
Cash & Short-Term Investments	531.25	609.82	733.42	1,326	1,944	1,137
Cash Growth	3.91%	-16.85%	-44.70%	-31.79%	70.95%	5.06%
Accounts Receivable	789.82	863.98	864.94	593.1	755.87	790.25
Other Receivables	2.52	1.74	3.74	2.51	8.27	4.73
Receivables	792.34	865.72	868.67	595.62	764.15	794.97
Inventory	586.18	530.27	423.16	350.69	351.92	405.23
Other Current Assets	74.35	60.89	96.36	225.56	121.07	65.2
Total Current Assets	1,984	2,067	2,122	2,498	3,181	2,403
Property, Plant & Equipment	3,301	3,323	3,246	2,816	1,618	1,126
Long-Term Investments	57.43	54.46	59.75	55.68	220.21	91.36
Goodwill	0.35	0.35	0.35	0.35	-	-
Other Intangible Assets	181.41	182.39	187.17	191.08	127.35	131.39
Long-Term Deferred Tax Assets	18	15.6	12.51	19.76	33.4	10.11
Long-Term Deferred Charges	35.94	37.44	43.54	33.85	15.84	18.69
Other Long-Term Assets	74.92	72.51	71.15	73.66	120.78	94.6
Total Assets	5,653	5,752	5,742	5,688	5,317	3,875
Accounts Payable	606.6	715.53	1,017	1,133	895.07	862.77
Accrued Expenses	40.19	65.8	63.91	55.11	53.72	42.38
Short-Term Debt	59.01	60.49	69.94	5.75	13.13	34.62
Current Portion of Long-Term Debt	21.48	13.98	2.88	82	22.07	-
Current Portion of Leases	-	-	2.27	2.4	2.22	2.45
Current Income Taxes Payable	12.45	14.7	5.06	6.39	29.7	18.72
Current Unearned Revenue	20.27	8.88	7.95	27.5	18.68	21.97
Other Current Liabilities	25.04	44.11	24.22	4.06	23.61	170.86
Total Current Liabilities	785.05	923.5	1,194	1,316	1,058	1,154
Long-Term Debt	1,256	1,264	1,226	1,065	854.46	-
Long-Term Leases	4.93	5.41	8.08	9.89	12.56	4.27
Long-Term Unearned Revenue	118.21	119.9	106.45	60.88	44.36	9.07
Long-Term Deferred Tax Liabilities	12.22	11.79	18.14	28.13	5.39	0.03
Other Long-Term Liabilities	-	-	-	0.76	-	3.82
Total Liabilities	2,176	2,325	2,552	2,481	1,975	1,171
Common Stock	186.89	186.89	183.85	180	180	180
Additional Paid-In Capital	760.78	759.63	702.35	684.26	688.25	688.21
Retained Earnings	1,636	1,614	1,422	1,442	1,520	1,277
Treasury Stock	-21.27	-21.27	-19.71	-	-	-
Comprehensive Income & Other	166.69	165.25	176.87	174.79	227.84	62.3
Total Common Equity	2,729	2,705	2,465	2,481	2,617	2,208
Minority Interest	747.83	722.23	724.48	726.29	725.78	496.17
Shareholders' Equity	3,477	3,427	3,190	3,207	3,342	2,704
Total Liabilities & Equity	5,653	5,752	5,742	5,688	5,317	3,875
Total Debt	1,341	1,344	1,309	1,165	904.45	41.35
Net Cash (Debt)	-809.78	-734.44	-575.72	160.66	1,040	1,096
Net Cash Growth	-	-	-	-84.55%	-5.13%	1.24%
Net Cash Per Share	-4.14	-3.66	-3.18	0.88	4.91	6.08
Filing Date Shares Outstanding	179.4	184.87	183.85	180	180	180
Total Common Shares Outstanding	179.4	184.87	183.85	180	180	180
Working Capital	1,199	1,143	927.93	1,182	2,123	1,249
Book Value Per Share	15.21	14.63	13.41	13.78	14.54	12.26
Tangible Book Value	2,547	2,522	2,278	2,289	2,489	2,076
Tangible Book Value Per Share	14.20	13.64	12.39	12.72	13.83	11.53
Buildings	-	-	1,296	743.52	473.64	449.35
Machinery	-	-	2,500	1,211	931.63	923.23
Construction In Progress	-	-	299.82	1,510	742.93	191.34

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