Jiangsu Lopal Tech. Group 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	3,521	3,787	2,765	3,309	2,030	852.63
Trading Asset Securities	771.03	502.2	505.36	59.53	30.74	0.43
Cash & Short-Term Investments	4,292	4,289	3,270	3,369	2,060	853.06
Cash Growth	-14.10%	31.18%	-2.93%	63.50%	141.53%	-13.77%
Accounts Receivable	2,868	2,764	1,753	2,654	3,160	1,205
Other Receivables	900.85	121.3	89.25	85.48	88.48	37.14
Receivables	3,769	2,885	1,842	2,740	3,248	1,242
Inventory	2,471	1,597	1,392	1,610	3,007	1,101
Prepaid Expenses	-	-	-	-	2.99	-
Other Current Assets	1,280	830.03	661.43	668.69	950.84	322.12
Total Current Assets	11,812	9,602	7,166	8,387	9,270	3,518
Property, Plant & Equipment	7,834	7,712	7,354	7,165	3,738	1,641
Long-Term Investments	154.21	163.4	189.11	215.94	212.13	155.17
Goodwill	214.17	214.17	214.17	289.83	362.6	390.07
Other Intangible Assets	384.07	386.41	404.65	433.86	332.19	261.41
Long-Term Deferred Tax Assets	471.19	466.42	344.33	392.69	62.3	20.24
Long-Term Deferred Charges	-	78.75	116.27	121.38	116.22	18.82
Other Long-Term Assets	294.46	47.98	20.88	220.55	597.37	100.38
Total Assets	21,164	18,672	15,809	17,227	14,691	6,105
Accounts Payable	2,884	2,516	1,792	1,622	1,498	621.38
Accrued Expenses	57.5	71.87	61.8	86.35	87.05	82.75
Short-Term Debt	5,196	4,091	3,986	5,068	3,442	971.17
Current Portion of Long-Term Debt	-	2,376	2,531	1,438	596.88	104.46
Current Portion of Leases	-	-	-	82.86	297.39	157.43
Current Income Taxes Payable	54.03	54.08	16.93	4.87	82.51	59.12
Current Unearned Revenue	88.68	90.43	92.29	21.94	425.74	60.19
Other Current Liabilities	3,887	1,625	64.06	1,309	661.61	223.38
Total Current Liabilities	12,167	10,825	8,543	9,632	7,092	2,280
Long-Term Debt	3,596	2,796	2,204	2,069	1,241	727.97
Long-Term Leases	864.74	827.87	757.37	795.42	360.6	188.75
Long-Term Unearned Revenue	246.24	206.68	171.13	88.34	33.83	38.18
Long-Term Deferred Tax Liabilities	11.88	12.39	6.65	8.83	8.52	10.06
Other Long-Term Liabilities	214.99	227.33	193.1	451.25	345	345
Total Liabilities	17,101	14,895	11,875	13,046	9,081	3,590
Common Stock	685.08	685.08	665.08	565.08	565.08	482.09
Additional Paid-In Capital	-	2,685	2,752	2,588	2,585	575.61
Retained Earnings	-254.36	-468.62	-285.59	350.07	1,583	935.58
Treasury Stock	-50.27	-50.27	-50.27	-50.27	-12	-
Comprehensive Income & Other	2,663	-22.98	-0.96	-0.47	1.01	0.85
Total Common Equity	3,044	2,828	3,080	3,452	4,723	1,994
Minority Interest	1,019	949.4	853.23	728.89	886.82	521.13
Shareholders' Equity	4,062	3,777	3,933	4,181	5,609	2,515
Total Liabilities & Equity	21,164	18,672	15,809	17,227	14,691	6,105
Total Debt	9,658	10,091	9,478	9,454	5,939	2,150
Net Cash (Debt)	-5,365	-5,801	-6,208	-6,085	-3,878	-1,297
Net Cash Per Share	-7.86	-8.74	-10.64	-10.76	-7.31	-2.70
Filing Date Shares Outstanding	683	582.98	663	565.08	565.08	482.09
Total Common Shares Outstanding	683	582.98	663	565.08	565.08	482.09
Working Capital	-355.39	-1,222	-1,377	-1,245	2,178	1,238
Book Value Per Share	4.46	4.85	4.65	6.11	8.36	4.14
Tangible Book Value	2,445	2,227	2,461	2,728	4,028	1,343
Tangible Book Value Per Share	3.58	3.82	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.