Shuhua Sports 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	507.12	546.36	226.46	222.52	202.3
Trading Asset Securities	-	47.43	381.77	150.57	0.94
Cash & Short-Term Investments	507.12	593.78	608.23	373.09	203.24
Cash Growth	-14.59%	-2.38%	63.02%	83.57%	-52.29%
Accounts Receivable	368	344.8	308.22	244.03	260.82
Other Receivables	13.54	11.75	15.66	41.63	55.09
Receivables	381.54	356.55	323.88	285.66	315.91
Inventory	268.91	235.29	198.12	277.98	324.61
Other Current Assets	68.56	53.38	29.27	49.61	81.24
Total Current Assets	1,226	1,239	1,159	986.34	925
Property, Plant & Equipment	543.47	582.39	624.79	676.37	710.23
Long-Term Investments	6.38	6.42	5.92	5.62	4.9
Other Intangible Assets	114.99	79.86	89.27	96.13	97.54
Long-Term Deferred Tax Assets	55.06	53.52	45.01	49.23	44.44
Long-Term Deferred Charges	22.11	12.52	13.14	11.37	14.08
Other Long-Term Assets	67.98	51.83	27.62	11.06	16.35
Total Assets	2,036	2,026	1,965	1,836	1,813
Accounts Payable	207.82	164.88	128.38	95.81	143.27
Accrued Expenses	147.55	161.54	125.83	106.45	104.56
Short-Term Debt	211.6	233.85	205	136.65	65.25
Current Portion of Leases	8.74	6.24	4.57	3.32	1.77
Current Income Taxes Payable	14.83	16.58	19.26	20.87	15.4
Current Unearned Revenue	64.08	46.9	58.17	89.98	100.88
Other Current Liabilities	17.16	22.51	26.7	15.81	22.78
Total Current Liabilities	671.78	652.51	567.92	468.89	453.91
Long-Term Leases	30.06	28.14	15.91	10.52	3.55
Long-Term Unearned Revenue	59.8	62.34	64.88	67.42	69.44
Long-Term Deferred Tax Liabilities	-	-	-	1.06	0.98
Total Liabilities	761.64	742.99	648.71	547.89	527.88
Common Stock	409.23	411.67	411.67	411.5	411.5
Additional Paid-In Capital	331.9	344.01	348.73	350.46	350.46
Retained Earnings	537.14	529.71	561.83	535.43	520.48
Treasury Stock	-7.12	-6.21	-8.68	-11.92	-
Comprehensive Income & Other	3.33	3.37	2.99	2.76	2.22
Shareholders' Equity	1,274	1,283	1,317	1,288	1,285
Total Liabilities & Equity	2,036	2,026	1,965	1,836	1,813
Total Debt	250.4	268.24	225.49	150.49	70.57
Net Cash (Debt)	256.72	325.54	382.74	222.6	132.67
Net Cash Growth	-21.14%	-14.95%	71.94%	67.78%	-32.93%
Net Cash Per Share	0.63	0.79	0.92	0.55	0.32
Filing Date Shares Outstanding	408.31	371.88	410.44	410.27	411.5
Total Common Shares Outstanding	408.31	371.88	410.44	410.27	411.5
Working Capital	554.35	586.49	591.58	517.46	471.09
Book Value Per Share	3.12	3.45	3.21	3.14	3.12
Tangible Book Value	1,159	1,203	1,227	1,192	1,187
Tangible Book Value Per Share	2.84	3.23	2.99	2.91	2.88
Buildings	660.44	681.23	700.31	715.19	715.19
Machinery	295.88	285.34	281.78	276.58	271.72

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.