Beijing Baolande Software 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	120.4	108.69	105.05	222.05	248.93	662.62
Trading Asset Securities	111.01	150.94	173.53	278.46	261.49	0.3
Cash & Short-Term Investments	231.41	259.63	278.58	500.51	510.42	662.92
Cash Growth	-16.29%	-6.80%	-44.34%	-1.94%	-23.00%	-17.96%
Accounts Receivable	302.24	333.52	361.25	310.46	245.44	209.8
Other Receivables	6.7	7.52	10.89	8.09	8.64	11.24
Receivables	308.94	341.04	372.14	318.55	254.07	221.04
Inventory	1.93	1.73	3.81	9.52	8.1	3
Prepaid Expenses	-	-	1.09	0.02	-	-
Other Current Assets	10.76	5.85	6.94	8.54	8.17	8.67
Total Current Assets	553.04	608.25	662.56	837.15	780.76	895.62
Property, Plant & Equipment	78.25	80.49	78.53	85.53	85.01	69.49
Long-Term Investments	12.68	12.68	12.75	12.68	14.13	1.95
Other Intangible Assets	0.87	1.32	3.63	6.27	7.75	9.65
Long-Term Deferred Tax Assets	10.7	10.61	12.6	6.12	4.99	3.39
Long-Term Deferred Charges	3.99	4.44	3.33	5.61	4.73	4.72
Other Long-Term Assets	-	-	-	-	0.67	7.51
Total Assets	659.52	717.79	773.41	953.36	898.03	992.33
Accounts Payable	9.88	9.97	4.78	7.46	11.78	4.34
Accrued Expenses	6.72	11.54	25.15	25.44	20.35	11.3
Short-Term Debt	-	18.05	0.39	1.01	2.14	0.48
Current Portion of Long-Term Debt	2.51	2.51	-	-	-	-
Current Portion of Leases	-	-	4.02	4.02	2.4	4.46
Current Income Taxes Payable	5.7	8.81	0.03	3.75	0.03	1.78
Current Unearned Revenue	4.82	3.7	4.77	10.06	6.08	8.62
Other Current Liabilities	4.95	3.67	3.73	44.7	4.87	0.96
Total Current Liabilities	34.58	58.26	42.87	96.44	47.65	31.95
Long-Term Leases	3.84	4.38	-	4.08	1.42	5.88
Long-Term Unearned Revenue	4.78	4.78	4.38	0.26	4.84	1.73
Long-Term Deferred Tax Liabilities	0.09	0.01	0.01	0.01	0	-
Total Liabilities	43.29	67.43	47.26	100.79	53.91	39.55
Common Stock	77.73	77.73	77.73	56	56	40
Additional Paid-In Capital	677.48	677.1	677.95	686.39	710.56	717.65
Retained Earnings	-31.65	2.85	77.8	150.61	136.1	194.75
Treasury Stock	-107.33	-107.33	-107.33	-38.47	-57.12	-
Comprehensive Income & Other	-0	-	-	-	-	-
Total Common Equity	616.23	650.36	726.15	854.53	845.54	952.4
Minority Interest	-	-	-	-1.97	-1.42	0.37
Shareholders' Equity	616.23	650.36	726.15	852.57	844.12	952.77
Total Liabilities & Equity	659.52	717.79	773.41	953.36	898.03	992.33
Total Debt	6.35	24.94	4.42	9.11	5.96	10.83
Net Cash (Debt)	225.06	234.69	274.16	491.41	504.46	652.08
Net Cash Growth	-17.72%	-14.40%	-44.21%	-2.59%	-22.64%	-19.14%
Net Cash Per Share	3.08	3.16	3.64	6.43	6.45	8.31
Filing Date Shares Outstanding	73.41	63.35	75.39	75.89	76.63	78.4
Total Common Shares Outstanding	73.41	63.35	75.39	76.51	76.63	78.4
Working Capital	518.46	549.99	619.69	740.71	733.11	863.67
Book Value Per Share	8.39	10.27	9.63	11.17	11.03	12.15
Tangible Book Value	615.37	649.04	722.52	848.27	837.79	942.75
Tangible Book Value Per Share	8.38	10.24	9.58	11.09	10.93	12.02
Buildings	-	-	70.41	70.41	70.41	50.05
Machinery	-	-	19.98	17.49	16.38	8.59
Construction In Progress	-	-	-	-	-	4.59

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