Shenzhen Quanxinhao 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	89.55	80.35	104.7	193.15	163.68	59.02
Trading Asset Securities	9	9	9	9	0.69	3.39
Cash & Short-Term Investments	98.55	89.35	113.7	202.15	164.37	62.41
Cash Growth	-5.33%	-21.41%	-43.76%	22.98%	163.38%	-2.16%
Accounts Receivable	35.3	57.54	20.97	17.55	17.04	13.39
Other Receivables	28.78	29.79	32.79	25.54	18.22	195.18
Receivables	64.09	87.33	53.76	43.1	35.26	208.57
Inventory	51.6	62.57	31.33	29.72	32.59	26.67
Other Current Assets	19.64	24.84	12.07	3.91	7.27	7.15
Total Current Assets	233.88	264.09	210.86	278.87	239.49	304.8
Property, Plant & Equipment	56.03	58.39	59.43	57.24	51.81	56.04
Long-Term Investments	0.82	0.82	0.73	14.14	14.82	20.26
Goodwill	7.41	7.41	-	-	-	-
Other Intangible Assets	0.08	0.08	0.05	0.07	0.09	0.3
Long-Term Deferred Tax Assets	3.06	3.33	2.8	3.22	1.29	0
Long-Term Deferred Charges	8.37	8.88	9.95	7.46	8.51	9
Other Long-Term Assets	32.18	32.74	34.98	37.23	39.47	41.61
Total Assets	341.82	375.74	318.81	398.23	355.47	432.02
Accounts Payable	32.38	48.39	31.35	24.29	22.07	19.27
Accrued Expenses	1.88	2.98	2.66	1.94	1.74	2.04
Short-Term Debt	54.56	63.17	23.85	32.48	61.28	27.26
Current Portion of Long-Term Debt	1.68	4.04	-	-	-	-
Current Portion of Leases	-	-	2.77	3.58	2.08	3.86
Current Income Taxes Payable	0.65	1.85	0.5	8.48	0.48	0.71
Current Unearned Revenue	2.49	5.14	2.22	1.03	0.9	1.66
Other Current Liabilities	38.95	38.58	49.19	57.3	39.74	148.68
Total Current Liabilities	132.59	164.15	112.54	129.11	128.3	203.47
Long-Term Leases	12.62	11.37	11.96	9.31	3.06	5.02
Long-Term Deferred Tax Liabilities	2.75	3.16	2.75	3.22	7.51	6.15
Other Long-Term Liabilities	1.75	1.75	-	118.56	114.39	103.31
Total Liabilities	149.72	180.42	127.25	260.21	253.26	317.97
Common Stock	346.45	346.45	346.45	346.45	346.45	346.45
Additional Paid-In Capital	157.02	157.02	157.02	157.02	157.02	157.02
Retained Earnings	-322.6	-320.42	-322.35	-311.05	-347.02	-339.61
Comprehensive Income & Other	-1.78	-1.78	-1.87	-66.66	-65.98	-62.54
Total Common Equity	179.09	181.26	179.25	125.76	90.47	101.31
Minority Interest	13.01	14.06	12.3	12.26	11.74	12.73
Shareholders' Equity	192.1	195.32	191.55	138.02	102.21	114.05
Total Liabilities & Equity	341.82	375.74	318.81	398.23	355.47	432.02
Total Debt	68.86	78.57	38.58	45.38	66.42	36.15
Net Cash (Debt)	29.69	10.78	75.12	156.77	97.95	26.26
Net Cash Growth	-47.41%	-85.65%	-52.08%	60.05%	272.99%	-58.83%
Net Cash Per Share	0.09	0.03	0.21	0.44	0.37	0.08
Filing Date Shares Outstanding	344.55	340.84	346.45	346.45	346.45	346.45
Total Common Shares Outstanding	344.55	340.84	346.45	346.45	346.45	346.45
Working Capital	101.28	99.95	98.32	149.76	111.19	101.33
Book Value Per Share	0.52	0.53	0.52	0.36	0.26	0.29
Tangible Book Value	171.61	173.77	179.21	125.69	90.38	101.01
Tangible Book Value Per Share	0.50	0.51	0.52	0.36	0.26	0.29
Buildings	-	-	76.72	76.72	76.72	76.91
Machinery	-	-	16.82	13.3	12.81	10.74

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