Shuhua Sports Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	516.04	546.36	226.46	222.52	202.3	426
Trading Asset Securities	-	47.43	381.77	150.57	0.94	-
Cash & Short-Term Investments	516.04	593.78	608.23	373.09	203.24	426
Cash Growth	-14.61%	-2.38%	63.02%	83.57%	-52.29%	182.48%
Accounts Receivable	330.28	344.8	308.22	244.03	260.82	303.51
Other Receivables	18.37	11.75	15.66	41.63	55.09	60.04
Receivables	348.65	356.55	323.88	285.66	315.91	363.55
Inventory	283.95	235.29	198.12	277.98	324.61	290.57
Other Current Assets	59.65	53.38	29.27	49.61	81.24	46.39
Total Current Assets	1,208	1,239	1,159	986.34	925	1,127
Property, Plant & Equipment	552.6	582.39	624.79	676.37	710.23	714.2
Long-Term Investments	6.42	6.42	5.92	5.62	4.9	4.82
Other Intangible Assets	73.7	79.86	89.27	96.13	97.54	103.04
Long-Term Deferred Tax Assets	57.85	53.52	45.01	49.23	44.44	42.32
Long-Term Deferred Charges	24.22	12.52	13.14	11.37	14.08	10.37
Other Long-Term Assets	59.6	51.83	27.62	11.06	16.35	13.13
Total Assets	1,983	2,026	1,965	1,836	1,813	2,014
Accounts Payable	248.08	164.88	128.38	95.81	143.27	161.2
Accrued Expenses	28.35	161.54	125.83	106.45	104.56	108.62
Short-Term Debt	290.87	233.85	205	136.65	65.25	228.18
Current Portion of Leases	9.16	6.24	4.57	3.32	1.77	-
Current Income Taxes Payable	18.5	16.58	19.26	20.87	15.4	16.73
Current Unearned Revenue	51.55	46.9	58.17	89.98	100.88	96.14
Other Current Liabilities	16.96	22.51	26.7	15.81	22.78	38.56
Total Current Liabilities	663.47	652.51	567.92	468.89	453.91	649.43
Long-Term Leases	31.98	28.14	15.91	10.52	3.55	-
Long-Term Unearned Revenue	60.44	62.34	64.88	67.42	69.44	71.98
Long-Term Deferred Tax Liabilities	-	-	-	1.06	0.98	0.72
Total Liabilities	755.89	742.99	648.71	547.89	527.88	722.13
Common Stock	409.23	411.67	411.67	411.5	411.5	411.5
Additional Paid-In Capital	338.19	344.01	348.73	350.46	350.46	350.46
Retained Earnings	483.12	529.71	561.83	535.43	520.48	528.14
Treasury Stock	-7.12	-6.21	-8.68	-11.92	-	-
Comprehensive Income & Other	3.37	3.37	2.99	2.76	2.22	2.17
Shareholders' Equity	1,227	1,283	1,317	1,288	1,285	1,292
Total Liabilities & Equity	1,983	2,026	1,965	1,836	1,813	2,014
Total Debt	332.01	268.24	225.49	150.49	70.57	228.18
Net Cash (Debt)	184.03	325.54	382.74	222.6	132.67	197.82
Net Cash Growth	-22.14%	-14.95%	71.94%	67.78%	-32.93%	-
Net Cash Per Share	0.47	0.79	0.92	0.55	0.32	0.55
Filing Date Shares Outstanding	408.31	371.88	410.44	410.27	411.5	411.5
Total Common Shares Outstanding	408.31	371.88	410.44	410.27	411.5	411.5
Working Capital	544.81	586.49	591.58	517.46	471.09	477.08
Book Value Per Share	3.00	3.45	3.21	3.14	3.12	3.14
Tangible Book Value	1,153	1,203	1,227	1,192	1,187	1,189
Tangible Book Value Per Share	2.82	3.23	2.99	2.91	2.88	2.89
Buildings	-	681.23	700.31	715.19	715.19	721
Machinery	-	285.34	281.78	276.58	271.72	230.15

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.