Yang Guang 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	29.01	58.13	79.02	119.91	53.19	119.2
Short-Term Investments	-	12.26	12.86	-	-	-
Cash & Short-Term Investments	29.01	70.38	91.87	119.91	53.19	119.2
Cash Growth	-29.12%	-23.39%	-23.38%	125.41%	-55.38%	-48.28%
Accounts Receivable	18.19	16.57	18.55	28.27	14.7	8.56
Other Receivables	28.58	13.04	13.47	25.76	13.18	37.97
Receivables	46.77	29.61	32.02	54.02	27.87	46.54
Inventory	-	-	-	5.59	5.69	5.69
Other Current Assets	1.66	4.8	15.96	2.84	1.02	2.15
Total Current Assets	77.44	104.79	139.85	182.36	87.78	173.58
Property, Plant & Equipment	500.86	641.94	709.1	725.44	106.03	122.7
Long-Term Investments	568.74	570.05	603.37	620.53	898.02	989.99
Other Intangible Assets	1.82	1.66	1.56	0.63	1.18	1.28
Long-Term Deferred Tax Assets	23.33	21.35	11.34	26.87	10.9	-
Long-Term Deferred Charges	94.4	97.5	110.03	128.96	1.44	1.59
Other Long-Term Assets	3,039	3,040	3,270	3,487	3,739	4,333
Total Assets	4,306	4,477	4,845	5,171	4,844	5,622
Accounts Payable	43.3	76.83	88.28	154.65	103.16	89.39
Accrued Expenses	8.26	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	103.38	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	52.63	1.96	3.86	8.65	14.45	41.22
Current Unearned Revenue	2.87	3.28	2.86	38.07	34.36	52.28
Other Current Liabilities	399.57	108.27	122.86	94.09	62.81	56.49
Total Current Liabilities	610.02	634.17	662.6	774.82	750.44	878.46
Long-Term Debt	265.7	270.2	336.98	344.88	423.84	498.04
Long-Term Leases	487.53	609.33	641.49	715.88	45.56	49.66
Long-Term Deferred Tax Liabilities	354.51	348.2	358.84	359.95	371.89	465.92
Other Long-Term Liabilities	50.03	56.85	52.36	19.13	67	67.51
Total Liabilities	1,768	1,919	2,052	2,215	1,659	1,960
Common Stock	749.91	749.91	749.91	749.91	749.91	749.91
Additional Paid-In Capital	535.88	535.88	537.04	549.99	511.28	511.89
Retained Earnings	645.52	668.99	887.2	1,010	1,245	1,628
Comprehensive Income & Other	122.2	122.57	135.77	157.6	184.95	270.17
Total Common Equity	2,054	2,077	2,310	2,468	2,691	3,160
Minority Interest	484.73	481.24	482.65	489.13	494.66	501.93
Shareholders' Equity	2,538	2,559	2,793	2,957	3,186	3,662
Total Liabilities & Equity	4,306	4,477	4,845	5,171	4,844	5,622
Total Debt	856.6	1,253	1,332	1,471	879.52	1,052
Net Cash (Debt)	-827.59	-1,183	-1,240	-1,351	-826.33	-932.53
Net Cash Per Share	-1.11	-1.58	-1.57	-1.86	-1.10	-1.24
Filing Date Shares Outstanding	749.91	749.91	749.91	749.91	749.91	749.91
Total Common Shares Outstanding	749.91	749.91	749.91	749.91	749.91	749.91
Working Capital	-532.58	-529.38	-522.75	-592.46	-662.67	-704.88
Book Value Per Share	2.74	2.77	3.08	3.29	3.59	4.21
Tangible Book Value	2,052	2,076	2,308	2,467	2,690	3,159
Tangible Book Value Per Share	2.74	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.