Shanghai M&G Stationery Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,982	4,962	5,239	3,363	3,011
Trading Asset Securities	4,109	2,569	1,403	1,628	1,609
Cash & Short-Term Investments	8,090	7,531	6,642	4,991	4,620
Cash Growth	7.42%	13.40%	33.08%	8.03%	15.77%
Accounts Receivable	4,669	3,907	3,665	3,016	1,783
Other Receivables	272.19	239.11	227.78	259.75	222.01
Receivables	4,941	4,146	3,893	3,276	2,005
Inventory	1,669	1,546	1,578	1,625	1,547
Other Current Assets	225.81	334.73	163.83	106.46	121.91
Total Current Assets	14,926	13,558	12,277	9,998	8,294
Property, Plant & Equipment	2,166	2,088	2,131	2,152	2,264
Long-Term Investments	46.42	44.16	46.41	48.14	43.26
Goodwill	105.4	63.53	63.53	63.53	63.53
Other Intangible Assets	429.11	432.07	447.3	417.77	434.85
Long-Term Deferred Tax Assets	224.61	217.63	223.01	215.88	153.86
Long-Term Deferred Charges	126.26	112.8	114.1	120.28	162.21
Other Long-Term Assets	51.04	71.09	12.2	7.05	8.54
Total Assets	18,075	16,587	15,314	13,023	11,424
Accounts Payable	5,980	5,006	4,854	3,999	2,810
Accrued Expenses	209.83	305.83	331.86	262	392.15
Short-Term Debt	245.13	341.06	190.17	189.35	179.93
Current Portion of Long-Term Debt	213.43	4.01	35.88	16.72	10.13
Current Portion of Leases	-	200.59	186.29	173.79	168.48
Current Income Taxes Payable	250.02	141.7	196.51	121.75	140.98
Current Unearned Revenue	142.18	143.35	106.04	81.75	146.59
Other Current Liabilities	702.48	596.95	633.13	569.69	695.67
Total Current Liabilities	7,743	6,740	6,534	5,414	4,544
Long-Term Debt	36	6	30.03	-	-
Long-Term Leases	214.6	199.11	198.61	144.95	172.92
Long-Term Unearned Revenue	15.89	34.96	34.35	46.21	48.09
Long-Term Deferred Tax Liabilities	187.52	170.67	165.59	150.66	92.67
Other Long-Term Liabilities	0.5	0.37	-	14.92	43.73
Total Liabilities	8,198	7,151	6,963	5,770	4,901
Common Stock	920.97	923.83	926.6	926.93	927.75
Additional Paid-In Capital	714.45	840.32	373.09	427.94	454.19
Retained Earnings	7,803	7,408	6,751	5,687	4,961
Treasury Stock	-150.04	-251.1	-216.94	-191.84	-148.11
Comprehensive Income & Other	-0.59	-11.42	-0.95	-0.31	0.26
Total Common Equity	9,288	8,910	7,833	6,849	6,195
Minority Interest	589.33	525.83	517.99	402.84	328.4
Shareholders' Equity	9,877	9,436	8,351	7,252	6,523
Total Liabilities & Equity	18,075	16,587	15,314	13,023	11,424
Total Debt	709.16	750.77	640.98	524.8	531.46
Net Cash (Debt)	7,381	6,781	6,001	4,466	4,088
Net Cash Growth	8.86%	13.00%	34.37%	9.24%	7.30%
Net Cash Per Share	8.06	7.37	6.51	4.83	4.44
Filing Date Shares Outstanding	915.88	923.83	926.6	919.57	917.97
Total Common Shares Outstanding	915.88	923.83	926.6	919.57	917.97
Working Capital	7,183	6,818	5,742	4,584	3,750
Book Value Per Share	10.14	9.64	8.45	7.45	6.75
Tangible Book Value	8,753	8,414	7,322	6,368	5,697
Tangible Book Value Per Share	9.56	9.11	7.90	6.93	6.21
Buildings	-	1,611	1,719	1,720	1,720
Machinery	-	1,545	1,440	1,388	1,303
Construction In Progress	-	148.52	95.39	71.9	66.74

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