Shanghai M&G Stationery 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	2,990	3,982	4,962	5,239	3,363	3,011
Trading Asset Securities	3,962	4,109	2,569	1,403	1,628	1,609
Cash & Short-Term Investments	6,952	8,090	7,531	6,642	4,991	4,620
Cash Growth	4.39%	7.42%	13.40%	33.08%	8.03%	15.77%
Accounts Receivable	4,600	4,669	3,907	3,665	3,016	1,783
Other Receivables	242.65	272.41	239.11	227.78	259.75	222.01
Receivables	4,843	4,941	4,146	3,893	3,276	2,005
Inventory	1,662	1,669	1,546	1,578	1,625	1,547
Other Current Assets	246.02	225.6	334.73	163.83	106.46	121.91
Total Current Assets	13,703	14,926	13,558	12,277	9,998	8,294
Property, Plant & Equipment	2,083	2,166	2,088	2,131	2,152	2,264
Long-Term Investments	65	46.42	44.16	46.41	48.14	43.26
Goodwill	105.4	105.4	63.53	63.53	63.53	63.53
Other Intangible Assets	420.58	429.11	432.07	447.3	417.77	434.85
Long-Term Deferred Tax Assets	218.92	224.61	217.63	223.01	215.88	153.86
Long-Term Deferred Charges	118.94	126.26	112.8	114.1	120.28	162.21
Other Long-Term Assets	53.53	51.04	71.09	12.2	7.05	8.54
Total Assets	16,769	18,075	16,587	15,314	13,023	11,424
Accounts Payable	4,523	5,980	5,006	4,854	3,999	2,810
Accrued Expenses	129.77	318.16	285.95	331.86	262	392.15
Short-Term Debt	245.32	245.13	341.06	190.17	189.35	179.93
Current Portion of Long-Term Debt	206.85	0.03	4.01	35.88	16.72	10.13
Current Portion of Leases	-	213.4	200.59	186.29	173.79	168.48
Current Income Taxes Payable	212.44	147.74	141.7	196.51	121.75	140.98
Current Unearned Revenue	153.55	145.56	143.35	106.04	81.75	146.59
Other Current Liabilities	636.25	693.05	616.84	633.13	569.69	695.67
Total Current Liabilities	6,107	7,743	6,740	6,534	5,414	4,544
Long-Term Debt	36	36	6	30.03	-	-
Long-Term Leases	179.2	214.6	199.11	198.61	144.95	172.92
Long-Term Unearned Revenue	17.83	15.89	34.96	34.35	46.21	48.09
Long-Term Deferred Tax Liabilities	186.08	187.52	170.67	165.59	150.66	92.67
Other Long-Term Liabilities	0.5	0.5	0.37	-	14.92	43.73
Total Liabilities	6,527	8,198	7,151	6,963	5,770	4,901
Common Stock	920.97	920.97	923.83	926.6	926.93	927.75
Additional Paid-In Capital	719.89	714.45	840.32	373.09	427.94	454.19
Retained Earnings	8,140	7,803	7,408	6,751	5,687	4,961
Treasury Stock	-150.04	-150.04	-251.1	-216.94	-191.84	-148.11
Comprehensive Income & Other	1.57	-0.59	-11.42	-0.95	-0.31	0.26
Total Common Equity	9,632	9,288	8,910	7,833	6,849	6,195
Minority Interest	609.37	589.33	525.83	517.99	402.84	328.4
Shareholders' Equity	10,242	9,877	9,436	8,351	7,252	6,523
Total Liabilities & Equity	16,769	18,075	16,587	15,314	13,023	11,424
Total Debt	667.37	709.16	750.77	640.98	524.8	531.46
Net Cash (Debt)	6,285	7,381	6,781	6,001	4,466	4,088
Net Cash Growth	5.82%	8.86%	13.00%	34.37%	9.24%	7.30%
Net Cash Per Share	6.86	8.06	7.37	6.51	4.83	4.44
Filing Date Shares Outstanding	915.7	920.97	923.83	926.6	919.57	917.97
Total Common Shares Outstanding	915.7	920.97	923.83	926.6	919.57	917.97
Working Capital	7,596	7,183	6,818	5,742	4,584	3,750
Book Value Per Share	10.52	10.08	9.64	8.45	7.45	6.75
Tangible Book Value	9,106	8,753	8,414	7,322	6,368	5,697
Tangible Book Value Per Share	9.94	9.50	9.11	7.90	6.93	6.21
Buildings	-	1,818	1,611	1,719	1,720	1,720
Machinery	-	1,636	1,545	1,440	1,388	1,303
Construction In Progress	-	44.07	148.52	95.39	71.9	66.74

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