SWS Hemodialysis Care 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	581.3	631.44	772.48	1,442	171.55	144.56
Short-Term Investments	-	-	-	-	0.01	-
Trading Asset Securities	851.12	763.88	622.95	30.46	-	100.03
Cash & Short-Term Investments	1,432	1,395	1,395	1,472	171.56	244.59
Cash Growth	4.10%	-0.01%	-5.23%	758.25%	-29.86%	1217.99%
Accounts Receivable	129.78	108.9	105.77	121.55	128.25	88.31
Other Receivables	8.39	6.43	12.5	16.68	9.65	20.64
Receivables	138.17	115.33	118.27	138.23	137.9	108.95
Inventory	134.88	152.97	148.16	133.69	61.8	76.38
Other Current Assets	25.95	14.43	8.52	12.24	9.08	6.75
Total Current Assets	1,731	1,678	1,670	1,757	380.34	436.67
Property, Plant & Equipment	267.5	179.99	123.6	127.97	137.57	129.32
Other Intangible Assets	112.39	113.77	122.91	22.6	13.57	13.16
Long-Term Deferred Tax Assets	18.45	16.14	14.41	9.11	4.85	2.85
Long-Term Deferred Charges	4.63	2.09	2.99	9.09	18.71	11.93
Other Long-Term Assets	39	21.51	1.48	0.4	0.89	0.06
Total Assets	2,173	2,012	1,936	1,926	555.92	593.98
Accounts Payable	138.82	71.89	34.78	83.22	20.6	20.63
Accrued Expenses	44.48	53.37	30.23	30.27	15.59	16.53
Short-Term Debt	-	-	-	-	-	71.06
Current Portion of Long-Term Debt	-	-	-	10.02	8.03	7.04
Current Portion of Leases	1.53	1.49	2.98	3.14	3.08	-
Current Income Taxes Payable	14.82	1.46	4.6	8.67	4.03	4.1
Current Unearned Revenue	60.02	53.82	54.68	158.25	5.86	8.15
Other Current Liabilities	44.67	49.94	9.58	22.74	8.9	15.65
Total Current Liabilities	304.35	231.97	136.84	316.3	66.09	143.17
Long-Term Debt	-	-	-	2.8	12.8	20.8
Long-Term Leases	1.02	1.04	3.81	5.84	7.61	-
Long-Term Unearned Revenue	70.95	67.58	61.17	57.47	61.79	49.6
Long-Term Deferred Tax Liabilities	3.53	3.25	3.5	2.37	-	-
Other Long-Term Liabilities	31.22	29.42	34.94	25.49	18.2	11.37
Total Liabilities	411.06	333.26	240.26	410.27	166.49	224.93
Common Stock	321.32	321.32	215.65	144.73	108.54	108.54
Additional Paid-In Capital	1,189	1,176	1,285	1,340	307.05	304.81
Retained Earnings	296.6	224.08	196.32	30.77	-28.91	-48.38
Treasury Stock	-34.02	-34.02	-	-	-	-
Total Common Equity	1,773	1,687	1,697	1,515	386.68	364.97
Minority Interest	-10.23	-8.76	-1.88	0.41	2.75	4.08
Shareholders' Equity	1,762	1,678	1,696	1,515	389.43	369.05
Total Liabilities & Equity	2,173	2,012	1,936	1,926	555.92	593.98
Total Debt	2.55	2.53	6.79	21.81	31.52	98.9
Net Cash (Debt)	1,430	1,393	1,389	1,451	140.04	145.7
Net Cash Growth	4.15%	0.30%	-4.27%	935.84%	-3.88%	-
Net Cash Per Share	4.46	4.36	4.32	4.52	0.58	0.67
Filing Date Shares Outstanding	318.5	318.5	319.6	321.32	240.97	240.97
Total Common Shares Outstanding	318.5	318.5	319.6	321.32	240.97	240.97
Working Capital	1,427	1,446	1,534	1,440	314.26	293.5
Book Value Per Share	5.57	5.30	5.31	4.72	1.60	1.51
Tangible Book Value	1,660	1,573	1,574	1,492	373.12	351.81
Tangible Book Value Per Share	5.21	4.94	4.93	4.64	1.55	1.46
Buildings	-	80.27	79.63	79.63	74.71	66.22
Machinery	-	123.04	114.97	109.46	106.63	108.4
Construction In Progress	-	68	4.33	3.78	7.89	3.14

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