Jiangsu Lopal Tech. Group 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	3,268	2,765	3,309	2,030	852.63
Short-Term Investments	517.62	-	-	-	-
Trading Asset Securities	502.2	505.36	59.53	30.74	0.43
Cash & Short-Term Investments	4,288	3,270	3,369	2,060	853.06
Cash Growth	31.12%	-2.93%	63.50%	141.53%	-13.77%
Accounts Receivable	2,246	1,753	2,654	3,160	1,205
Other Receivables	5.85	89.25	85.48	88.48	37.14
Receivables	2,252	1,842	2,740	3,248	1,242
Inventory	1,597	1,392	1,610	3,007	1,101
Prepaid Expenses	-	-	-	2.99	-
Other Current Assets	1,465	661.43	668.69	950.84	322.12
Total Current Assets	9,602	7,166	8,387	9,270	3,518
Property, Plant & Equipment	8,129	7,354	7,165	3,738	1,641
Long-Term Investments	163.4	189.11	215.94	212.13	155.17
Goodwill	214.17	214.17	289.83	362.6	390.07
Other Intangible Assets	48.2	404.65	433.86	332.19	261.41
Long-Term Deferred Tax Assets	466.42	344.33	392.69	62.3	20.24
Long-Term Deferred Charges	-	116.27	121.38	116.22	18.82
Other Long-Term Assets	47.98	20.88	220.55	597.37	100.38
Total Assets	18,672	15,809	17,227	14,691	6,105
Accounts Payable	1,908	1,792	1,622	1,498	621.38
Accrued Expenses	110.52	61.8	86.35	87.05	82.75
Short-Term Debt	-	3,986	5,068	3,442	971.17
Current Portion of Long-Term Debt	5,287	2,531	1,438	596.88	104.46
Current Portion of Leases	124.59	-	82.86	297.39	157.43
Current Income Taxes Payable	25.96	16.93	4.87	82.51	59.12
Current Unearned Revenue	90.43	92.29	21.94	425.74	60.19
Other Current Liabilities	3,279	64.06	1,309	661.61	223.38
Total Current Liabilities	10,825	8,543	9,632	7,092	2,280
Long-Term Debt	2,860	2,204	2,069	1,241	727.97
Long-Term Leases	827.87	757.37	795.42	360.6	188.75
Long-Term Unearned Revenue	206.68	171.13	88.34	33.83	38.18
Long-Term Deferred Tax Liabilities	12.39	6.65	8.83	8.52	10.06
Other Long-Term Liabilities	163.26	193.1	451.25	345	345
Total Liabilities	14,895	11,875	13,046	9,081	3,590
Common Stock	685.08	665.08	565.08	565.08	482.09
Additional Paid-In Capital	-	2,752	2,588	2,585	575.61
Retained Earnings	2,143	-285.59	350.07	1,583	935.58
Treasury Stock	-	-50.27	-50.27	-12	-
Comprehensive Income & Other	-	-0.96	-0.47	1.01	0.85
Total Common Equity	2,828	3,080	3,452	4,723	1,994
Minority Interest	949.4	853.23	728.89	886.82	521.13
Shareholders' Equity	3,777	3,933	4,181	5,609	2,515
Total Liabilities & Equity	18,672	15,809	17,227	14,691	6,105
Total Debt	9,099	9,478	9,454	5,939	2,150
Net Cash (Debt)	-4,811	-6,208	-6,085	-3,878	-1,297
Net Cash Per Share	-7.16	-10.64	-10.76	-7.31	-2.70
Filing Date Shares Outstanding	615.66	663	565.08	565.08	482.09
Total Common Shares Outstanding	615.66	663	565.08	565.08	482.09
Working Capital	-1,222	-1,377	-1,245	2,178	1,238
Book Value Per Share	4.59	4.65	6.11	8.36	4.14
Tangible Book Value	2,565	2,461	2,728	4,028	1,343
Tangible Book Value Per Share	4.17	3.71	4.83	7.13	2.79
Buildings	-	-	730.62	503.65	450.7
Machinery	-	-	3,758	2,117	973.44
Construction In Progress	-	-	2,578	1,367	538.7

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