Wushang Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	2,784	2,691	3,073	2,292	2,158
Cash & Short-Term Investments	2,784	2,691	3,073	2,292	2,158
Cash Growth	3.49%	-12.45%	34.06%	6.24%	13.93%
Accounts Receivable	25.22	26.57	66.62	52.58	29.15
Other Receivables	411.01	458.33	542.69	463.52	610.34
Receivables	436.68	485.1	609.31	516.1	639.49
Inventory	1,451	1,486	1,738	1,911	1,902
Prepaid Expenses	105.83	107.79	102.24	110.3	-
Other Current Assets	581.65	549.19	352.12	376.82	379.22
Total Current Assets	5,360	5,319	5,875	5,207	5,079
Property, Plant & Equipment	15,870	16,113	16,622	16,382	14,198
Long-Term Investments	1,081	852.38	805.36	774.76	836.86
Other Intangible Assets	7,054	7,099	7,342	7,526	7,531
Long-Term Deferred Tax Assets	199.09	188.37	244.38	310.87	95
Long-Term Deferred Charges	794.54	785.71	879.41	718.45	419.63
Other Long-Term Assets	28.82	27.38	43.3	27.71	28.58
Total Assets	30,387	30,385	31,812	30,947	28,188
Accounts Payable	2,060	2,122	2,256	1,701	2,256
Accrued Expenses	308.67	428.9	461.2	426.53	576.49
Short-Term Debt	3,094	1,658	2,150	2,178	1,572
Current Portion of Long-Term Debt	1,762	735.51	1,170	1,524	143.11
Current Portion of Leases	81.83	101.5	151.65	164.96	166.48
Current Income Taxes Payable	94.58	85.45	119.28	81.39	160.94
Current Unearned Revenue	3,685	3,803	3,936	3,933	3,557
Other Current Liabilities	2,936	3,152	3,509	3,548	3,143
Total Current Liabilities	14,023	12,086	13,754	13,558	11,575
Long-Term Debt	4,844	6,789	6,180	5,561	4,984
Long-Term Leases	384.79	326.35	604.17	710.93	832.04
Long-Term Unearned Revenue	19.28	21.15	2.99	-	-
Long-Term Deferred Tax Liabilities	172.65	169.98	217.22	250.14	94.15
Other Long-Term Liabilities	35.07	14.73	16.51	22.75	25.58
Total Liabilities	19,478	19,407	20,775	20,103	17,511
Common Stock	768.99	768.99	768.99	768.99	768.99
Additional Paid-In Capital	1,449	1,449	1,449	1,449	1,449
Retained Earnings	8,618	8,663	8,561	8,390	8,177
Treasury Stock	-143.59	-143.59	-	-	-
Comprehensive Income & Other	213.05	239.76	258.17	235.72	282.45
Total Common Equity	10,906	10,977	11,037	10,844	10,678
Minority Interest	3.66	1.38	-	-	-
Shareholders' Equity	10,909	10,978	11,037	10,844	10,678
Total Liabilities & Equity	30,387	30,385	31,812	30,947	28,188
Total Debt	10,166	9,610	10,256	10,139	7,697
Net Cash (Debt)	-7,382	-6,920	-7,183	-7,846	-5,539
Net Cash Per Share	-9.82	-8.97	-9.28	-10.14	-7.21
Filing Date Shares Outstanding	749.9	749.9	768.99	768.99	768.99
Total Common Shares Outstanding	749.9	749.9	768.99	768.99	768.99
Working Capital	-8,662	-6,767	-7,878	-8,351	-6,496
Book Value Per Share	14.54	14.64	14.35	14.10	13.89
Tangible Book Value	3,852	3,877	3,695	3,318	3,146
Tangible Book Value Per Share	5.14	5.17	4.80	4.31	4.09
Buildings	17,026	17,030	17,030	15,179	7,692
Machinery	1,348	1,398	1,442	1,189	825.75
Construction In Progress	730.64	605.51	521.72	1,846	7,192

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