Lutian Machinery 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	852.88	930.98	988.53	977.54	936.93	744.81
Trading Asset Securities	113.81	50.15	-	0.47	-	-
Cash & Short-Term Investments	966.69	981.14	988.53	978.01	936.93	744.81
Cash Growth	0.50%	-0.75%	1.07%	4.38%	25.79%	239.29%
Accounts Receivable	441.66	392.6	400.57	246.14	230.51	229.57
Other Receivables	19.87	42.93	40.01	19.65	19.2	17.37
Receivables	461.54	435.53	440.58	265.78	249.71	246.93
Inventory	559.53	600.94	685.17	433.09	421.86	463.6
Other Current Assets	28.63	20.48	28.79	11.9	23.1	3.13
Total Current Assets	2,016	2,038	2,143	1,689	1,632	1,458
Property, Plant & Equipment	626.5	604.53	505.24	449.26	469.44	425.99
Long-Term Investments	-	-	-	-	-	4
Other Intangible Assets	101.13	101.63	81.49	44.05	45.23	46.33
Long-Term Deferred Tax Assets	9.18	9.07	3.76	0.55	0.19	5.25
Long-Term Deferred Charges	4.12	3.92	-	-	-	-
Other Long-Term Assets	14.41	18.1	3.31	1.78	0.88	9.45
Total Assets	2,772	2,775	2,737	2,184	2,147	1,949
Accounts Payable	736.67	749.55	846.96	473.63	529.44	467.84
Accrued Expenses	34.18	51.82	60.79	43.13	38.83	26.04
Current Portion of Long-Term Debt	1.54	1.99	-	-	-	-
Current Portion of Leases	-	-	0.87	1.18	-	0.61
Current Income Taxes Payable	5.91	11.45	11.32	5.04	-	12.04
Current Unearned Revenue	66.12	79.35	81.38	51.47	62.14	44.87
Other Current Liabilities	11.91	16.56	20.07	19.1	23.86	4.55
Total Current Liabilities	856.34	910.72	1,021	593.56	654.27	555.95
Long-Term Leases	10.71	7.34	0.26	1.08	-	-
Long-Term Unearned Revenue	25.81	26.51	18.23	17.99	13.07	11.16
Long-Term Deferred Tax Liabilities	-	-	-	-	0.88	-
Total Liabilities	892.86	944.57	1,040	612.63	668.22	567.11
Common Stock	172.48	172.48	172.48	123.2	88	88
Additional Paid-In Capital	527.17	527.17	526.65	575.23	609.63	-
Retained Earnings	1,185	1,140	997.86	873.38	781.48	682.46
Comprehensive Income & Other	-	-	-	-	-	611.93
Total Common Equity	1,885	1,840	1,697	1,572	1,479	1,382
Minority Interest	-5.65	-8.78	-	-	-	-
Shareholders' Equity	1,879	1,831	1,697	1,572	1,479	1,382
Total Liabilities & Equity	2,772	2,775	2,737	2,184	2,147	1,949
Total Debt	12.26	9.34	1.13	2.26	-	0.61
Net Cash (Debt)	954.43	971.8	987.4	975.75	936.93	744.2
Net Cash Growth	-0.71%	-1.58%	1.19%	4.14%	25.90%	239.02%
Net Cash Per Share	5.53	5.62	5.73	5.64	5.45	4.94
Filing Date Shares Outstanding	172.92	173.5	172.48	172.48	172.48	172.48
Total Common Shares Outstanding	172.92	173.5	172.48	172.48	172.48	172.48
Working Capital	1,160	1,127	1,122	1,095	977.32	902.53
Book Value Per Share	10.90	10.60	9.84	9.11	8.58	8.01
Tangible Book Value	1,783	1,738	1,615	1,528	1,434	1,336
Tangible Book Value Per Share	10.31	10.02	9.37	8.86	8.31	7.75
Buildings	-	-	421.59	421.59	385.24	-
Machinery	-	-	286.61	259.85	249.76	-
Construction In Progress	-	-	74.44	0.45	30.98	-

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