PNC Process Systems 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	721.47	1,006	870.47	886.63	1,035	1,519
Trading Asset Securities	-	-	3.08	-	-	0.01
Cash & Short-Term Investments	721.47	1,006	873.56	886.63	1,035	1,519
Cash Growth	-17.84%	15.13%	-1.47%	-14.30%	-31.91%	1.12%
Accounts Receivable	2,861	2,955	3,185	2,590	2,244	1,287
Other Receivables	108.67	122.07	219.13	105.3	114.25	104.09
Receivables	2,969	3,077	3,404	2,695	2,359	1,392
Inventory	3,717	3,432	3,118	2,650	1,705	1,183
Other Current Assets	883.26	892.28	801.71	1,035	872.81	672.05
Total Current Assets	8,291	8,407	8,198	7,268	5,971	4,766
Property, Plant & Equipment	3,375	3,311	3,364	2,326	1,805	1,363
Long-Term Investments	858.01	879.35	915.63	831.14	647.27	538.93
Goodwill	169.13	169.13	223.4	241.67	255.93	255.93
Other Intangible Assets	444.89	452.69	511.89	366.58	312.9	173.5
Long-Term Deferred Tax Assets	143.04	141.63	156.22	130.75	127.3	53.39
Long-Term Deferred Charges	260.48	261.69	200.79	169.04	168.05	245.36
Other Long-Term Assets	478.6	428.99	105.78	586.45	551	537.12
Total Assets	14,021	14,051	13,676	11,919	9,838	7,933
Accounts Payable	1,754	1,490	1,424	1,104	899.72	537.91
Accrued Expenses	41.66	141.28	145.86	129.03	152.32	117.46
Short-Term Debt	3,293	3,527	3,073	2,227	1,985	1,283
Current Portion of Long-Term Debt	481.4	454.77	1,109	507.95	266.26	246.26
Current Portion of Leases	-	22.76	9.63	10.13	10.53	9.83
Current Income Taxes Payable	41.26	42.72	54.52	75.39	68.5	104.73
Current Unearned Revenue	926.69	919.41	591.65	459.01	269.95	239.63
Other Current Liabilities	289.68	250.21	421.72	308.94	282.95	222.43
Total Current Liabilities	6,828	6,848	6,830	4,822	3,935	2,761
Long-Term Debt	2,247	2,220	1,705	1,723	938.97	675.39
Long-Term Leases	25.23	25.23	13.8	18.61	20.3	4.03
Long-Term Unearned Revenue	275.8	269.94	269.19	198.85	168.12	176.24
Long-Term Deferred Tax Liabilities	14.55	14.25	84.67	90.14	66.47	25.59
Other Long-Term Liabilities	850.5	834.74	784.18	-	-	-
Total Liabilities	10,241	10,212	9,686	6,853	5,129	3,643
Common Stock	382.96	382.96	386.25	386.72	321.08	318.5
Additional Paid-In Capital	2,977	2,905	2,631	3,076	3,101	3,014
Retained Earnings	91.92	194.37	946.42	1,414	1,030	747.34
Treasury Stock	-115.89	-115.89	-126.42	-109.4	-75.03	-12.15
Comprehensive Income & Other	138.07	131.57	142.25	123.03	82.82	-1.04
Total Common Equity	3,474	3,498	3,980	4,890	4,460	4,066
Minority Interest	305.06	341.6	10	176.08	249.13	224.23
Shareholders' Equity	3,779	3,839	3,990	5,066	4,709	4,290
Total Liabilities & Equity	14,021	14,051	13,676	11,919	9,838	7,933
Total Debt	6,047	6,250	5,910	4,487	3,221	2,219
Net Cash (Debt)	-5,326	-5,244	-5,036	-3,601	-2,186	-699.2
Net Cash Per Share	-14.78	-13.64	-13.17	-10.10	-5.73	-1.84
Filing Date Shares Outstanding	378.41	379.14	380.3	386.72	385.3	382.2
Total Common Shares Outstanding	378.41	379.14	382.3	386.72	385.3	382.2
Working Capital	1,463	1,559	1,368	2,446	2,036	2,005
Book Value Per Share	9.18	9.23	10.41	12.65	11.58	10.64
Tangible Book Value	2,860	2,876	3,244	4,282	3,891	3,637
Tangible Book Value Per Share	7.56	7.59	8.49	11.07	10.10	9.52
Buildings	-	1,955	2,043	1,028	1,031	660.49
Machinery	-	1,755	1,573	1,027	810.79	465.76
Construction In Progress	-	401.2	340.78	618.89	185.03	373.03

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