UE Furniture 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	1,400	1,035	663.94	688.49	404.46	309.89
Short-Term Investments	-	-	-	-	-	55
Trading Asset Securities	-	-	0	-	4.35	160.57
Cash & Short-Term Investments	1,400	1,035	663.95	688.49	408.81	525.46
Cash Growth	67.05%	55.93%	-3.56%	68.42%	-22.20%	17.00%
Accounts Receivable	609.93	667.15	589.04	435.76	620.13	682.49
Other Receivables	11.3	13.97	82.45	8.67	13.1	15.19
Receivables	621.23	681.11	671.49	444.42	633.23	697.68
Inventory	579.91	584.41	396.45	406.65	714.36	770.3
Other Current Assets	123.56	148.23	120.04	108.24	203.35	163.18
Total Current Assets	2,725	2,449	1,852	1,648	1,960	2,157
Property, Plant & Equipment	1,357	1,292	1,096	1,088	1,015	822.23
Long-Term Investments	34.11	34.11	16.68	10.5	10.5	10.5
Goodwill	5.06	5.06	5.06	5.06	5.06	5.06
Other Intangible Assets	411.94	353.72	370.07	209.12	199.93	177.94
Long-Term Deferred Tax Assets	30.63	21.09	14	7.67	6.92	5.68
Long-Term Deferred Charges	9.52	10.29	11.62	15.7	19.54	15.71
Other Long-Term Assets	11.68	140.96	11.55	3.62	4.04	-
Total Assets	4,585	4,306	3,377	2,987	3,221	3,194
Accounts Payable	818.07	878.46	657.8	623.46	838.57	1,200
Accrued Expenses	103.01	124.61	102.84	137.52	119.02	92.54
Short-Term Debt	1,065	847.93	251.6	327.78	723.44	460.5
Current Portion of Long-Term Debt	146.05	40	50.06	-	-	-
Current Portion of Leases	-	8.5	2.54	4.91	4.59	-
Current Income Taxes Payable	29.38	11.78	23.54	11.2	1.42	2.3
Current Unearned Revenue	22.35	15.63	18.48	15.05	16.13	17.96
Other Current Liabilities	44.17	39.35	61.49	10.82	9.81	8.95
Total Current Liabilities	2,228	1,966	1,168	1,131	1,713	1,782
Long-Term Debt	1	20	-	50.06	20.04	-
Long-Term Leases	19.56	25.47	2.63	3.51	12.73	-
Long-Term Unearned Revenue	2.19	3.12	3.85	4.91	0.3	0.44
Long-Term Deferred Tax Liabilities	24.08	25.91	24.12	22.04	14.64	11.13
Other Long-Term Liabilities	6.33	14.61	8.28	2.14	2.45	-
Total Liabilities	2,281	2,055	1,207	1,213	1,763	1,794
Common Stock	330.43	331.21	332.91	302.51	302.51	302.51
Additional Paid-In Capital	682.83	692.65	723.84	563.53	546.43	545
Retained Earnings	1,278	1,239	1,128	935.32	666.29	560.05
Treasury Stock	-	-8.17	-34.11	-45.01	-45.01	-
Comprehensive Income & Other	-1.82	-26.16	3	3.57	-23.71	-17.25
Total Common Equity	2,290	2,228	2,154	1,760	1,447	1,390
Minority Interest	14.43	22.4	16.55	13.8	10.88	9.7
Shareholders' Equity	2,304	2,251	2,170	1,774	1,457	1,400
Total Liabilities & Equity	4,585	4,306	3,377	2,987	3,221	3,194
Total Debt	1,231	941.91	306.83	386.26	760.8	460.5
Net Cash (Debt)	168.7	93.36	357.12	302.23	-352	64.96
Net Cash Growth	225.13%	-73.86%	18.16%	-	-	-83.28%
Net Cash Per Share	0.51	0.28	1.14	1.00	-1.16	0.22
Filing Date Shares Outstanding	330.43	329.65	329.65	298.22	298.22	302.51
Total Common Shares Outstanding	330.43	329.65	329.65	298.22	298.22	302.51
Working Capital	496.99	482.76	683.58	517.06	246.76	374.49
Book Value Per Share	6.93	6.76	6.53	5.90	4.85	4.60
Tangible Book Value	1,873	1,869	1,778	1,546	1,242	1,207
Tangible Book Value Per Share	5.67	5.67	5.39	5.18	4.16	3.99
Buildings	-	992.04	921.19	950.2	750.34	538.27
Machinery	-	507.85	449.7	426.05	356.1	300.56
Construction In Progress	-	206.77	92.85	28.7	166.73	203.05

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.