Yang Guang 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	58.13	79.02	119.91	53.19	119.2
Cash & Short-Term Investments	58.13	79.02	119.91	53.19	119.2
Cash Growth	-26.44%	-34.10%	125.41%	-55.38%	-48.28%
Accounts Receivable	16.57	18.55	28.27	14.7	8.56
Other Receivables	27.74	40.21	25.76	13.18	37.97
Receivables	44.31	58.76	54.02	27.87	46.54
Inventory	-	-	5.59	5.69	5.69
Other Current Assets	2.36	2.08	2.84	1.02	2.15
Total Current Assets	104.79	139.85	182.36	87.78	173.58
Property, Plant & Equipment	641.94	709.1	725.44	106.03	122.7
Long-Term Investments	570.05	603.37	620.53	898.02	989.99
Other Intangible Assets	1.66	1.56	0.63	1.18	1.28
Long-Term Deferred Tax Assets	21.35	11.34	26.87	10.9	-
Long-Term Deferred Charges	97.5	110.03	128.96	1.44	1.59
Other Long-Term Assets	3,040	3,270	3,487	3,739	4,333
Total Assets	4,477	4,845	5,171	4,844	5,622
Accounts Payable	76.83	88.28	154.65	103.16	89.39
Accrued Expenses	70.24	91.05	69.58	125.54	135.06
Short-Term Debt	259.17	281.29	289.55	326.86	181.12
Current Portion of Long-Term Debt	69.2	41.88	86.46	74.2	314.78
Current Portion of Leases	45.23	30.52	33.77	9.07	8.13
Current Income Taxes Payable	1.96	3.86	8.65	14.45	41.22
Current Unearned Revenue	3.28	2.86	38.07	34.36	52.28
Other Current Liabilities	108.27	122.86	94.09	62.81	56.49
Total Current Liabilities	634.17	662.6	774.82	750.44	878.46
Long-Term Debt	270.2	336.98	344.88	423.84	498.04
Long-Term Leases	609.33	641.49	715.88	45.56	49.66
Long-Term Deferred Tax Liabilities	348.2	358.84	359.95	371.89	465.92
Other Long-Term Liabilities	56.85	52.36	19.13	67	67.51
Total Liabilities	1,919	2,052	2,215	1,659	1,960
Common Stock	749.91	749.91	749.91	749.91	749.91
Additional Paid-In Capital	535.88	537.04	549.99	511.28	511.89
Retained Earnings	668.99	887.2	1,010	1,245	1,628
Comprehensive Income & Other	122.57	135.77	157.6	184.95	270.17
Total Common Equity	2,077	2,310	2,468	2,691	3,160
Minority Interest	481.24	482.65	489.13	494.66	501.93
Shareholders' Equity	2,559	2,793	2,957	3,186	3,662
Total Liabilities & Equity	4,477	4,845	5,171	4,844	5,622
Total Debt	1,253	1,332	1,471	879.52	1,052
Net Cash (Debt)	-1,195	-1,253	-1,351	-826.33	-932.53
Net Cash Per Share	-1.59	-1.59	-1.86	-1.10	-1.24
Filing Date Shares Outstanding	749.91	749.91	749.91	749.91	749.91
Total Common Shares Outstanding	749.91	749.91	749.91	749.91	749.91
Working Capital	-529.38	-522.75	-592.46	-662.67	-704.88
Book Value Per Share	2.77	3.08	3.29	3.59	4.21
Tangible Book Value	2,076	2,308	2,467	2,690	3,159
Tangible Book Value Per Share	2.77	3.08	3.29	3.59	4.21
Buildings	55.93	53.98	53.98	47.57	56.02
Machinery	8.33	12.95	14.32	10.32	10.9

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