Topscore Fashion 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	320.41	410.12	181.9	563.18	651.36	734.09
Short-Term Investments	-	20.86	-	112.7	-	-
Trading Asset Securities	100.86	80.64	230.5	65.21	8.18	106.54
Cash & Short-Term Investments	421.26	511.62	412.39	741.09	659.53	840.63
Cash Growth	-1.84%	24.06%	-44.35%	12.37%	-21.54%	-23.35%
Accounts Receivable	77.66	80.04	94.24	108.03	126.25	196.37
Other Receivables	11.93	16.54	20.52	15.52	17.81	20.24
Receivables	89.59	96.58	114.77	123.55	157.7	229.96
Inventory	212.97	221.35	263.14	321.93	340.49	441.8
Other Current Assets	63.38	7.81	12.18	21.95	31.37	65.93
Total Current Assets	787.2	837.35	802.48	1,209	1,189	1,578
Property, Plant & Equipment	98.46	102.71	422.89	548.01	669.03	728.24
Long-Term Investments	17.42	53.08	37.28	58.53	20.09	13.95
Other Intangible Assets	25.64	27.46	57.18	62.07	54.94	65.32
Long-Term Deferred Tax Assets	37.29	36.68	35.82	41.44	50.14	81.69
Long-Term Deferred Charges	46.74	50.79	82.5	79.43	83.05	38.18
Other Long-Term Assets	472.67	421.04	203.61	126.01	77.45	57.75
Total Assets	1,485	1,529	1,642	2,124	2,144	2,563
Accounts Payable	66.29	81.6	60.75	97.92	72.89	176.51
Accrued Expenses	21.99	56.04	58.62	50.51	72.94	112.88
Short-Term Debt	17	39.91	100.12	-	-	20
Current Portion of Long-Term Debt	74.93	68.52	0.86	4.71	3.14	1.88
Current Portion of Leases	-	6.84	18.42	7.06	14.31	20.31
Current Income Taxes Payable	12.91	2.1	0.36	1.22	0.3	4.64
Current Unearned Revenue	5.34	5.11	6.08	8.83	10.63	13.79
Other Current Liabilities	46	40.51	76.24	62.74	61.2	95
Total Current Liabilities	244.46	300.61	321.46	232.98	235.41	445.01
Long-Term Debt	106	106	243.9	557.63	539.77	518.87
Long-Term Leases	3.29	4.44	5.38	5.89	13.3	19.3
Long-Term Unearned Revenue	3.46	3.84	5.39	6.46	5.31	6.8
Long-Term Deferred Tax Liabilities	-	-	-	0.01	0.47	0.26
Total Liabilities	357.21	414.89	576.12	802.97	794.25	990.24
Common Stock	419.74	419.72	419.71	419.71	419.7	428.92
Additional Paid-In Capital	1,031	1,029	1,054	984.44	998.96	1,090
Retained Earnings	-211.25	-224.26	-238.78	-147.96	-117.81	61.13
Treasury Stock	-140.92	-140.92	-201.16	-60.23	-60.23	-116.27
Comprehensive Income & Other	7.91	8.54	8.71	100.76	98.85	97.15
Total Common Equity	1,106	1,092	1,043	1,297	1,339	1,561
Minority Interest	22.13	21.85	22.94	24.33	10.09	12.57
Shareholders' Equity	1,128	1,114	1,066	1,321	1,350	1,573
Total Liabilities & Equity	1,485	1,529	1,642	2,124	2,144	2,563
Total Debt	201.21	225.7	368.68	575.28	570.52	580.36
Net Cash (Debt)	220.05	285.91	43.72	165.81	89.02	260.26
Net Cash Growth	250.49%	554.04%	-73.63%	86.27%	-65.80%	-52.15%
Net Cash Per Share	0.63	0.79	0.12	0.38	0.22	0.60
Filing Date Shares Outstanding	387.45	387.43	387.42	409.68	409.67	416.8
Total Common Shares Outstanding	387.45	387.43	387.42	409.68	409.67	416.8
Working Capital	542.74	536.74	481.02	975.54	953.69	1,133
Book Value Per Share	2.85	2.82	2.69	3.17	3.27	3.74
Tangible Book Value	1,080	1,065	985.51	1,235	1,285	1,495
Tangible Book Value Per Share	2.79	2.75	2.54	3.01	3.14	3.59
Buildings	-	109.17	448.42	574.53	661.59	495.78
Machinery	-	122.17	127.83	146.87	151.66	140.34
Construction In Progress	-	-	-	0.18	5.51	207.74

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