Wushang Group 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,062	2,691	3,073	2,292	2,158	1,894
Cash & Short-Term Investments	3,062	2,691	3,073	2,292	2,158	1,894
Cash Growth	-9.56%	-12.45%	34.06%	6.24%	13.93%	-7.86%
Accounts Receivable	43.99	26.57	66.62	52.58	29.15	22.13
Other Receivables	206.68	574.84	542.69	463.52	610.34	234.4
Receivables	250.67	601.4	609.31	516.1	639.49	256.52
Inventory	1,474	1,486	1,738	1,911	1,902	2,273
Prepaid Expenses	-	107.79	102.24	110.3	-	133.33
Other Current Assets	995.35	432.89	352.12	376.82	379.22	425.23
Total Current Assets	5,782	5,319	5,875	5,207	5,079	4,982
Property, Plant & Equipment	15,912	16,113	16,622	16,382	14,198	10,043
Long-Term Investments	889.56	800.94	805.36	774.76	836.86	669.5
Other Intangible Assets	7,112	7,099	7,342	7,526	7,531	6,682
Long-Term Deferred Tax Assets	192.96	188.37	244.38	310.87	95	82.03
Long-Term Deferred Charges	748.38	785.71	879.41	718.45	419.63	306.13
Other Long-Term Assets	410.95	78.81	43.3	27.71	28.58	36.57
Total Assets	31,047	30,385	31,812	30,947	28,188	22,802
Accounts Payable	1,799	2,122	2,256	1,701	2,256	2,504
Accrued Expenses	238.13	426.13	461.2	426.53	576.49	442.31
Short-Term Debt	1,981	1,658	2,150	2,178	1,572	1,536
Current Portion of Long-Term Debt	1,855	735.51	1,170	1,524	143.11	77.79
Current Portion of Leases	-	101.5	151.65	164.96	166.48	-
Current Income Taxes Payable	139.46	85.45	119.28	81.39	160.94	197.42
Current Unearned Revenue	3,896	3,803	3,936	3,933	3,557	3,064
Other Current Liabilities	4,064	3,155	3,509	3,548	3,143	2,289
Total Current Liabilities	13,973	12,086	13,754	13,558	11,575	10,110
Long-Term Debt	5,511	6,789	6,180	5,561	4,984	2,695
Long-Term Leases	384.11	326.35	604.17	710.93	832.04	-
Long-Term Unearned Revenue	18.62	21.15	2.99	-	-	-
Long-Term Deferred Tax Liabilities	171.17	169.98	217.22	250.14	94.15	52.39
Other Long-Term Liabilities	31.77	14.73	16.51	22.75	25.58	28.71
Total Liabilities	20,090	19,407	20,775	20,103	17,511	12,887
Common Stock	768.99	768.99	768.99	768.99	768.99	768.99
Additional Paid-In Capital	1,449	1,449	1,449	1,449	1,449	1,449
Retained Earnings	8,640	8,663	8,561	8,390	8,177	7,540
Treasury Stock	-143.59	-143.59	-	-	-	-
Comprehensive Income & Other	238.1	239.76	258.17	235.72	282.45	157.16
Total Common Equity	10,953	10,977	11,037	10,844	10,678	9,915
Minority Interest	3.59	1.38	-	-	-	-
Shareholders' Equity	10,957	10,978	11,037	10,844	10,678	9,915
Total Liabilities & Equity	31,047	30,385	31,812	30,947	28,188	22,802
Total Debt	9,732	9,610	10,256	10,139	7,697	4,310
Net Cash (Debt)	-6,670	-6,920	-7,183	-7,846	-5,539	-2,416
Net Cash Per Share	-8.85	-8.97	-9.28	-10.14	-7.21	-3.13
Filing Date Shares Outstanding	749.9	749.9	768.99	768.99	768.99	768.99
Total Common Shares Outstanding	749.9	749.9	768.99	768.99	768.99	768.99
Working Capital	-8,192	-6,767	-7,878	-8,351	-6,496	-5,128
Book Value Per Share	14.61	14.64	14.35	14.10	13.89	12.89
Tangible Book Value	3,841	3,877	3,695	3,318	3,146	3,233
Tangible Book Value Per Share	5.12	5.17	4.80	4.31	4.09	4.20
Buildings	-	17,030	17,030	15,179	7,692	7,692
Machinery	-	1,398	1,442	1,189	825.75	810.84
Construction In Progress	-	605.51	521.72	1,846	7,192	3,766

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