Addsino 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	1,528	1,857	1,608	1,393	1,763	1,417
Short-Term Investments	-	-	64.23	-	-	-
Trading Asset Securities	-	-	-	61.73	74.17	124.63
Cash & Short-Term Investments	1,528	1,857	1,672	1,455	1,837	1,542
Cash Growth	3.38%	11.08%	14.94%	-20.84%	19.16%	-27.03%
Accounts Receivable	2,214	2,238	2,374	2,805	3,636	3,319
Other Receivables	194.38	325.52	341.28	310.52	319	250.63
Receivables	2,409	2,563	2,715	3,115	3,955	3,569
Inventory	1,105	1,403	2,159	2,256	1,941	1,810
Other Current Assets	264.08	140.52	294.28	332.4	532.21	420.55
Total Current Assets	5,306	5,964	6,840	7,158	8,265	7,342
Property, Plant & Equipment	865.77	917.23	1,108	1,148	806.33	767.83
Long-Term Investments	48.12	215.62	808.01	1,486	1,631	1,918
Goodwill	1,430	1,430	1,471	1,636	2,188	2,193
Other Intangible Assets	409.32	426.11	496.8	535.37	583.63	648.88
Long-Term Accounts Receivable	-	33.29	145.15	377.54	425.61	514.98
Long-Term Deferred Tax Assets	202.75	205.15	170.17	117.78	70.69	58.87
Long-Term Deferred Charges	42.74	32.01	54.13	90.95	75.16	41.19
Other Long-Term Assets	326.25	157.09	245.44	309.23	544.33	478.74
Total Assets	8,631	9,381	11,339	12,858	14,590	13,963
Accounts Payable	1,761	2,034	2,311	2,189	1,967	2,348
Accrued Expenses	3.47	58.59	46.73	49.7	81.95	76.92
Short-Term Debt	547.21	585.57	680.51	948.46	559.94	502.79
Current Portion of Long-Term Debt	61.03	29.53	242.14	24.9	-	-
Current Portion of Leases	-	464.32	371.21	304.05	711.79	13.51
Current Income Taxes Payable	40.47	21.14	17.69	17.69	40.28	56.69
Current Unearned Revenue	488.85	775.78	1,070	671.93	590.67	582.58
Other Current Liabilities	802.87	453.43	303.8	295.09	179.84	299.58
Total Current Liabilities	3,705	4,422	5,043	4,501	4,132	3,880
Long-Term Debt	244.27	147.87	49.31	307.02	219.5	-
Long-Term Leases	28.56	32.36	56.64	38.24	36.21	17.24
Long-Term Unearned Revenue	123.49	128.89	140.01	113.06	47.27	28.97
Long-Term Deferred Tax Liabilities	13.58	9.31	4.47	16.1	14.99	45.52
Other Long-Term Liabilities	25.02	23.33	13.91	10.13	10.13	-
Total Liabilities	4,140	4,764	5,307	4,986	4,460	3,971
Common Stock	358.38	358.38	358.38	358.38	363.59	363.59
Additional Paid-In Capital	5,295	5,295	5,295	5,295	5,299	5,394
Retained Earnings	-1,906	-1,796	-487.41	1,185	3,192	3,249
Treasury Stock	-	-	-	-	-4.54	-
Comprehensive Income & Other	25.31	24.37	23.04	23.17	21.34	12.87
Total Common Equity	3,772	3,882	5,189	6,862	8,872	9,020
Minority Interest	718.95	735.63	842.49	1,011	1,259	972.37
Shareholders' Equity	4,491	4,617	6,031	7,873	10,130	9,992
Total Liabilities & Equity	8,631	9,381	11,339	12,858	14,590	13,963
Total Debt	881.07	1,260	1,400	1,623	1,527	533.54
Net Cash (Debt)	646.85	597.48	272.07	-168.08	309.98	1,008
Net Cash Growth	54.81%	119.60%	-	-	-69.26%	-40.40%
Net Cash Per Share	0.41	0.37	0.17	-0.10	0.17	0.63
Filing Date Shares Outstanding	1,598	1,598	1,598	1,598	1,604	1,604
Total Common Shares Outstanding	1,598	1,598	1,598	1,598	1,604	1,604
Working Capital	1,601	1,542	1,797	2,657	4,134	3,462
Book Value Per Share	2.36	2.43	3.25	4.29	5.53	5.62
Tangible Book Value	1,933	2,025	3,221	4,691	6,101	6,178
Tangible Book Value Per Share	1.21	1.27	2.02	2.93	3.80	3.85
Buildings	-	717.02	726.61	706.12	705.76	701.83
Machinery	-	1,004	1,003	559.05	461.5	399.21
Construction In Progress	-	1.31	10.11	392.47	29.72	33.2

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