Wushang Group 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	Dec '21 Dec 31, 2021
Cash & Equivalents	3,042	2,784	2,691	3,073	2,292	2,158
Cash & Short-Term Investments	3,082	2,784	2,691	3,073	2,292	2,158
Cash Growth	15.97%	3.49%	-12.45%	34.06%	6.24%	13.93%
Accounts Receivable	33.08	25.22	26.57	66.62	52.58	29.15
Other Receivables	180.91	411.01	458.33	542.69	463.52	610.34
Receivables	213.99	436.68	485.1	609.31	516.1	639.49
Inventory	1,378	1,451	1,486	1,738	1,911	1,902
Prepaid Expenses	-	105.83	107.79	102.24	110.3	-
Other Current Assets	1,172	581.65	549.19	352.12	376.82	379.22
Total Current Assets	5,847	5,360	5,319	5,875	5,207	5,079
Property, Plant & Equipment	15,788	15,870	16,113	16,622	16,382	14,198
Long-Term Investments	858.43	1,081	852.38	805.36	774.76	836.86
Other Intangible Assets	6,991	7,054	7,099	7,342	7,526	7,531
Long-Term Deferred Tax Assets	168.82	199.09	188.37	244.38	310.87	95
Long-Term Deferred Charges	790.66	794.54	785.71	879.41	718.45	419.63
Other Long-Term Assets	174.5	28.82	27.38	43.3	27.71	28.58
Total Assets	30,619	30,387	30,385	31,812	30,947	28,188
Accounts Payable	2,023	2,060	2,122	2,256	1,701	2,256
Accrued Expenses	182.45	308.67	428.9	461.2	426.53	576.49
Short-Term Debt	1,651	3,094	1,658	2,150	2,178	1,572
Current Portion of Long-Term Debt	1,960	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	152.44	94.58	85.45	119.28	81.39	160.94
Current Unearned Revenue	3,782	3,685	3,803	3,936	3,933	3,557
Other Current Liabilities	4,135	2,936	3,152	3,509	3,548	3,143
Total Current Liabilities	13,887	14,023	12,086	13,754	13,558	11,575
Long-Term Debt	5,170	4,844	6,789	6,180	5,561	4,984
Long-Term Leases	319.94	384.79	326.35	604.17	710.93	832.04
Long-Term Unearned Revenue	18.9	19.28	21.15	2.99	-	-
Long-Term Deferred Tax Liabilities	149.45	172.65	169.98	217.22	250.14	94.15
Other Long-Term Liabilities	34.72	35.07	14.73	16.51	22.75	25.58
Total Liabilities	19,579	19,478	19,407	20,775	20,103	17,511
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	8,741	8,618	8,663	8,561	8,390	8,177
Treasury Stock	-143.59	-143.59	-143.59	-	-	-
Comprehensive Income & Other	219.92	213.05	239.76	258.17	235.72	282.45
Total Common Equity	11,036	10,906	10,977	11,037	10,844	10,678
Minority Interest	3.67	3.66	1.38	-	-	-
Shareholders' Equity	11,039	10,909	10,978	11,037	10,844	10,678
Total Liabilities & Equity	30,619	30,387	30,385	31,812	30,947	28,188
Total Debt	9,101	10,166	9,610	10,256	10,139	7,697
Net Cash (Debt)	-6,018	-7,382	-6,920	-7,183	-7,846	-5,539
Net Cash Per Share	-7.95	-9.82	-8.97	-9.28	-10.14	-7.21
Filing Date Shares Outstanding	770.99	749.9	749.9	768.99	768.99	768.99
Total Common Shares Outstanding	770.99	749.9	749.9	768.99	768.99	768.99
Working Capital	-8,040	-8,662	-6,767	-7,878	-8,351	-6,496
Book Value Per Share	14.31	14.54	14.64	14.35	14.10	13.89
Tangible Book Value	4,044	3,852	3,877	3,695	3,318	3,146
Tangible Book Value Per Share	5.25	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.