Topscore Fashion 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	311.82	181.9	563.18	651.36	734.09	452.7
Short-Term Investments	-	-	112.7	-	-	131.13
Trading Asset Securities	60.92	230.5	65.21	8.18	106.54	512.86
Cash & Short-Term Investments	372.74	412.39	741.09	659.53	840.63	1,097
Cash Growth	-15.48%	-44.35%	12.37%	-21.54%	-23.35%	118.38%
Accounts Receivable	71.4	94.24	108.03	126.25	196.37	230.87
Other Receivables	13.54	15.49	15.52	17.81	20.24	21.78
Receivables	84.94	109.73	123.55	157.7	229.96	258.02
Inventory	219.89	263.14	321.93	340.49	441.8	392.24
Other Current Assets	57.9	17.21	21.95	31.37	65.93	50.44
Total Current Assets	735.47	802.48	1,209	1,189	1,578	1,797
Property, Plant & Equipment	106.53	422.89	548.01	669.03	728.24	589.5
Long-Term Investments	17.21	16.85	58.53	20.09	13.95	13.71
Goodwill	-	-	-	-	-	78.5
Other Intangible Assets	66.79	57.18	62.07	54.94	65.32	75.89
Long-Term Deferred Tax Assets	35.71	35.82	41.44	50.14	81.69	38.7
Long-Term Deferred Charges	54.62	82.5	79.43	83.05	38.18	26.02
Other Long-Term Assets	513.23	224.04	126.01	77.45	57.75	51.51
Total Assets	1,530	1,642	2,124	2,144	2,563	2,691
Accounts Payable	58.22	60.52	97.92	72.89	176.51	144.53
Accrued Expenses	26.62	58.86	50.51	72.94	112.88	92.27
Short-Term Debt	49.5	100.12	-	-	20	54
Current Portion of Long-Term Debt	9.8	0.86	4.71	3.14	1.88	1.26
Current Portion of Leases	-	18.42	7.06	14.31	20.31	-
Current Income Taxes Payable	11.23	0.36	1.22	0.3	4.64	8.59
Current Unearned Revenue	8.66	6.08	8.83	10.63	13.79	16.17
Other Current Liabilities	51.98	76.24	62.74	61.2	95	146.15
Total Current Liabilities	216.01	321.46	232.98	235.41	445.01	462.95
Long-Term Debt	212.3	243.9	557.63	539.77	518.87	497.5
Long-Term Leases	4.98	5.38	5.89	13.3	19.3	-
Long-Term Unearned Revenue	4.21	5.39	6.46	5.31	6.8	8.69
Long-Term Deferred Tax Liabilities	-	-	0.01	0.47	0.26	0.8
Other Long-Term Liabilities	-	-	-	-	-	0.76
Total Liabilities	437.51	576.12	802.97	794.25	990.24	970.69
Common Stock	419.72	419.71	419.71	419.7	428.92	428.9
Additional Paid-In Capital	1,025	1,054	984.44	998.96	1,090	1,089
Retained Earnings	-244	-238.78	-147.96	-117.81	61.13	188.7
Treasury Stock	-140.92	-201.16	-60.23	-60.23	-116.27	-100.03
Comprehensive Income & Other	8.83	8.71	100.76	98.85	97.15	98.84
Total Common Equity	1,069	1,043	1,297	1,339	1,561	1,706
Minority Interest	23.06	22.94	24.33	10.09	12.57	14.79
Shareholders' Equity	1,092	1,066	1,321	1,350	1,573	1,721
Total Liabilities & Equity	1,530	1,642	2,124	2,144	2,563	2,691
Total Debt	276.58	368.68	575.28	570.52	580.36	552.75
Net Cash (Debt)	96.16	43.72	165.81	89.02	260.26	543.94
Net Cash Growth	48.87%	-73.63%	86.27%	-65.80%	-52.15%	37.98%
Net Cash Per Share	0.20	0.12	0.38	0.22	0.60	1.30
Filing Date Shares Outstanding	387.43	387.42	409.68	409.67	416.8	428.9
Total Common Shares Outstanding	387.43	387.42	409.68	409.67	416.8	428.9
Working Capital	519.46	481.02	975.54	953.69	1,133	1,334
Book Value Per Share	2.76	2.69	3.17	3.27	3.74	3.98
Tangible Book Value	1,002	985.51	1,235	1,285	1,495	1,551
Tangible Book Value Per Share	2.59	2.54	3.01	3.14	3.59	3.62
Buildings	-	448.42	574.53	661.59	495.78	338.42
Machinery	-	127.83	146.87	151.66	140.34	126.84
Construction In Progress	-	-	0.18	5.51	207.74	260.54

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