Sunstone Development 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	1,722	1,578	2,181	2,570	2,989	1,775
Trading Asset Securities	-	-	-	444.19	-	-
Cash & Short-Term Investments	1,722	1,578	2,181	3,014	2,989	1,775
Cash Growth	-9.45%	-27.66%	-27.65%	0.85%	68.39%	34.91%
Accounts Receivable	3,778	3,452	3,675	3,266	2,703	1,946
Other Receivables	42.39	41.33	8.8	5.62	45.22	88.19
Receivables	3,820	3,493	3,683	3,272	2,749	2,034
Inventory	5,011	4,168	2,742	2,515	4,659	3,188
Other Current Assets	681.21	547.71	434.48	374.56	1,215	275.27
Total Current Assets	11,235	9,787	9,041	9,176	11,611	7,272
Property, Plant & Equipment	8,041	7,989	7,586	7,050	4,896	4,303
Long-Term Investments	83.58	85.59	92.8	94.82	80.95	78
Goodwill	16.11	16.11	16.11	16.11	16.11	20.8
Other Intangible Assets	533.98	531.35	492.13	502.14	428.73	378.08
Long-Term Deferred Tax Assets	212.3	212.39	208.42	233.94	109.41	64.67
Long-Term Deferred Charges	15.76	16.3	17.41	3.61	-	-
Other Long-Term Assets	77.64	108.43	161.62	103.48	217.47	24.13
Total Assets	20,215	18,746	17,615	17,180	17,360	12,141
Accounts Payable	1,819	2,053	1,590	1,399	1,286	975.07
Accrued Expenses	128.92	150.79	145.56	104.86	194.21	153.08
Short-Term Debt	4,245	3,119	3,207	3,005	5,737	3,643
Current Portion of Long-Term Debt	1,871	1,386	1,547	1,148	432.17	396.67
Current Portion of Leases	-	-	298.8	255.54	110.53	9.27
Current Income Taxes Payable	122.7	150.53	50.78	23.24	45.79	80.65
Current Unearned Revenue	33.75	11.72	22.96	35.6	189.26	67.96
Other Current Liabilities	136.02	144.45	137.27	118.42	80.59	68.3
Total Current Liabilities	8,355	7,015	6,999	6,089	8,075	5,394
Long-Term Debt	3,952	4,093	3,144	2,895	1,723	1,274
Long-Term Leases	37.32	35.41	128.15	223.81	164.56	30.49
Long-Term Unearned Revenue	101.37	100.31	100.34	93.26	44.61	45.13
Long-Term Deferred Tax Liabilities	36.44	34.95	37.74	55.97	41.72	31.12
Other Long-Term Liabilities	65	85	305	285	-	-
Total Liabilities	12,548	11,364	10,714	9,642	10,049	6,775
Common Stock	498.1	498.1	498.1	540.85	460.62	459.94
Additional Paid-In Capital	2,963	2,963	3,074	3,737	2,385	2,169
Retained Earnings	2,483	2,277	1,634	1,362	2,609	1,920
Treasury Stock	-32.54	-32.54	-32.54	-	-3.71	-32.03
Comprehensive Income & Other	-3.99	-1.48	-3	-4.86	-2.12	-3.61
Total Common Equity	5,908	5,705	5,171	5,635	5,449	4,513
Minority Interest	1,758	1,677	1,730	1,903	1,862	852.64
Shareholders' Equity	7,667	7,382	6,901	7,537	7,311	5,366
Total Liabilities & Equity	20,215	18,746	17,615	17,180	17,360	12,141
Total Debt	10,105	8,634	8,324	7,527	8,167	5,354
Net Cash (Debt)	-8,383	-7,056	-6,143	-4,512	-5,178	-3,579
Net Cash Per Share	-17.02	-14.27	-11.73	-8.74	-11.21	-8.02
Filing Date Shares Outstanding	491.35	480.74	495.4	540.85	460.62	459.94
Total Common Shares Outstanding	491.35	480.74	495.4	540.85	460.62	459.94
Working Capital	2,879	2,772	2,042	3,087	3,536	1,878
Book Value Per Share	12.02	11.87	10.44	10.42	11.83	9.81
Tangible Book Value	5,358	5,157	4,663	5,116	5,004	4,114
Tangible Book Value Per Share	10.91	10.73	9.41	9.46	10.86	8.95
Buildings	-	-	3,459	2,885	2,565	2,153
Machinery	-	-	4,232	3,431	2,286	2,230
Construction In Progress	-	-	801.37	1,520	492.56	103.69

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