Linkage Software Co., LTD 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	653.13	718.76	802.28	784.96	544.43	513.88
Trading Asset Securities	301.32	210.12	206.68	68.53	279.32	360.81
Cash & Short-Term Investments	954.46	928.88	1,009	853.5	823.76	874.68
Cash Growth	-4.10%	-7.94%	18.21%	3.61%	-5.82%	1.97%
Accounts Receivable	137.32	142.72	142.81	135.27	115.14	93.53
Other Receivables	15.95	12.36	15.3	13.09	4.94	5.31
Receivables	153.28	155.08	158.1	148.36	120.08	98.84
Inventory	5.11	2.53	5.02	3.85	3.88	3.88
Other Current Assets	18.95	23.26	17.15	9.34	3.89	4.62
Total Current Assets	1,132	1,110	1,189	1,015	951.61	982.02
Property, Plant & Equipment	204.41	209.43	228.6	217.14	208.57	211.07
Long-Term Investments	224.01	228.63	188.7	305.26	282.58	176.92
Goodwill	39.48	40.84	42.14	42.54	-	-
Other Intangible Assets	120.8	123.14	127.02	7.38	4.88	6.05
Long-Term Deferred Tax Assets	2.04	2.48	5.51	6.07	1.79	0.59
Long-Term Deferred Charges	6.94	7.27	9.18	3.72	2.57	1.77
Total Assets	1,729	1,722	1,790	1,597	1,452	1,378
Accounts Payable	18.18	18.69	21.51	25.04	11.05	14.4
Accrued Expenses	53.01	93.24	126.26	113.16	56	52.33
Short-Term Debt	365.57	314.99	305.74	202.26	-	-
Current Portion of Long-Term Debt	10.9	15.23	-	-	-	-
Current Portion of Leases	-	-	17.3	7.71	4.51	4.32
Current Income Taxes Payable	28.29	22.63	17.51	3.79	10.11	3.38
Current Unearned Revenue	10.61	8.61	9.7	5.95	3.95	2.6
Other Current Liabilities	5.35	8.05	13.57	12.98	9.28	8.99
Total Current Liabilities	491.91	481.44	511.6	370.88	94.9	86.02
Long-Term Leases	4.25	5.19	17.79	7.4	2	5.79
Long-Term Deferred Tax Liabilities	4.13	4.57	6.79	11.62	12.19	12.36
Other Long-Term Liabilities	0.87	0.87	0.86	0.64	0.31	-
Total Liabilities	501.16	492.06	537.06	390.55	109.39	104.16
Common Stock	400.01	400.01	400.01	400.01	400.01	400.01
Additional Paid-In Capital	350.94	350.94	350.94	351.75	351.75	351.75
Retained Earnings	638.5	640.48	611.85	565.56	558.52	497.34
Treasury Stock	-179.82	-179.82	-130.11	-130.11	-	-
Comprehensive Income & Other	18.27	17.31	20.11	18.67	31.53	23.88
Total Common Equity	1,228	1,229	1,253	1,206	1,342	1,273
Minority Interest	0.4	0.57	0.51	0.72	0.79	1.28
Shareholders' Equity	1,228	1,229	1,253	1,207	1,343	1,274
Total Liabilities & Equity	1,729	1,722	1,790	1,597	1,452	1,378
Total Debt	380.73	335.4	340.84	217.37	6.51	10.11
Net Cash (Debt)	573.73	593.48	668.11	636.12	817.25	864.58
Net Cash Growth	-11.58%	-11.17%	5.03%	-22.16%	-5.47%	0.79%
Net Cash Per Share	1.48	1.53	1.71	1.60	2.04	2.16
Filing Date Shares Outstanding	388.73	385.78	389.93	390.01	400.01	400.01
Total Common Shares Outstanding	388.73	385.78	390.01	390.01	400.01	400.01
Working Capital	639.89	628.32	677.62	644.17	856.71	896
Book Value Per Share	3.16	3.19	3.21	3.09	3.35	3.18
Tangible Book Value	1,068	1,065	1,084	1,156	1,337	1,267
Tangible Book Value Per Share	2.75	2.76	2.78	2.96	3.34	3.17
Buildings	-	-	221.21	221.21	220.77	211.45
Machinery	-	-	41.38	42.67	37.24	33.07
Construction In Progress	-	-	-	-	-	6.58

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