Wedge Industrial 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	849.9	312.66	380.85	259.04	293.37	320.7
Trading Asset Securities	0	0	0.21	-	-	-
Accounts Receivable	716.9	566.13	437.71	351.04	228.04	159.02
Other Receivables	6.53	4.54	0.8	13.47	12.56	13.28
Inventory	471.55	455.25	343.88	216.05	118.83	102
Loans Receivable Current	-	-	5.24	2.89	-	-
Other Current Assets	95.22	88.7	64.23	47.82	35.92	68.38
Total Current Assets	2,140	1,427	1,233	890.32	688.73	663.39
Property, Plant & Equipment	2,263	2,215	1,888	1,405	1,008	862.21
Other Intangible Assets	374	374.88	398.66	355.18	247.8	243.71
Long-Term Investments	161.48	161.37	161.99	177.22	111.6	111.67
Long-Term Deferred Tax Assets	83.25	76.81	39.41	17.43	14.5	10.37
Long-Term Deferred Charges	98.75	78.33	45.27	64.58	94.95	44.55
Other Long-Term Assets	261.43	256.44	203.96	210.37	269.58	181.56
Total Assets	5,382	4,590	3,970	3,120	2,435	2,117
Accounts Payable	388.89	423.82	300.94	305.81	226.05	201.54
Accrued Expenses	24.61	40.55	45.33	43.92	30.7	27.92
Short-Term Debt	621.41	569.97	373.16	255.04	197.84	154.14
Current Portion of Long-Term Debt	125.58	159.7	128.85	15.54	2.61	45.74
Current Unearned Revenue	43.45	35.16	2.33	1.63	1.53	2.4
Current Portion of Leases	-	-	6.02	2.09	1.54	11.74
Current Income Taxes Payable	37.28	22.77	19.22	28.99	20.63	20.34
Other Current Liabilities	90.08	96.03	112.02	159.9	115.1	115.82
Total Current Liabilities	1,331	1,348	987.87	812.92	595.99	579.64
Long-Term Debt	1,791	1,141	1,126	788.98	444.4	270.38
Long-Term Leases	17.02	15.79	22.2	17.46	3.88	8.33
Long-Term Unearned Revenue	96.07	95.89	91.41	102.67	135.92	145.17
Long-Term Deferred Tax Liabilities	14.44	14.44	14.44	14.44	14.44	14.44
Other Long-Term Liabilities	215.49	206.16	178.56	79.19	-	-
Total Liabilities	3,465	2,821	2,421	1,816	1,195	1,018
Common Stock	509.55	509.55	510.12	509.04	500.62	495.71
Additional Paid-In Capital	417.1	380.29	393.26	291.87	99.9	28.89
Retained Earnings	1,187	1,110	937.2	801.37	650.27	573.58
Treasury Stock	-396.35	-396.35	-479.59	-390.62	-58.53	-27.01
Total Common Equity	1,718	1,603	1,361	1,212	1,192	1,071
Minority Interest	199.09	165.03	188.42	92.96	47.93	28.32
Shareholders' Equity	1,917	1,768	1,549	1,305	1,240	1,099
Total Liabilities & Equity	5,382	4,590	3,970	3,120	2,435	2,117
Total Debt	2,555	1,887	1,657	1,079	650.26	490.34
Net Cash (Debt)	-1,705	-1,574	-1,276	-820.07	-356.89	-169.64
Net Cash Per Share	-3.36	-3.11	-2.50	-1.62	-0.70	-0.34
Filing Date Shares Outstanding	505.01	484.02	476.91	477.89	500.62	500.71
Total Common Shares Outstanding	505.01	484.02	474.82	487.62	500.62	495.71
Working Capital	808.81	79.29	245.05	77.4	92.74	83.75
Book Value Per Share	3.40	3.31	2.87	2.48	2.38	2.16
Tangible Book Value	1,344	1,228	962.33	856.48	944.45	827.46
Tangible Book Value Per Share	2.66	2.54	2.03	1.76	1.89	1.67
Buildings	-	-	553.19	565.65	584.61	492.48
Machinery	-	-	529.09	474.84	357.2	320.81
Construction In Progress	-	-	1,095	613.84	288.15	224.58

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