Visual China Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	482.23	533.52	407.23	239.98	324.95	301.92
Trading Asset Securities	63.43	0.19	30	15.84	26.04	29.84
Cash & Short-Term Investments	545.66	533.71	437.23	255.82	350.98	331.76
Cash Growth	36.95%	22.07%	70.92%	-27.11%	5.79%	-15.92%
Accounts Receivable	226.9	165.63	166.78	212.22	232.83	181.06
Other Receivables	21.44	24.16	33.55	46.48	45.71	46.17
Receivables	248.33	189.79	200.33	258.7	278.54	227.22
Prepaid Expenses	-	-	-	-	0.07	0.57
Other Current Assets	19.45	19.97	19.43	7.94	10.75	132.56
Total Current Assets	813.44	743.47	657	522.46	640.34	692.12
Property, Plant & Equipment	52.49	24.87	34.23	34.21	20.43	1.98
Long-Term Investments	1,392	1,342	1,333	1,373	1,395	1,367
Goodwill	1,352	1,353	1,351	1,203	1,195	1,197
Other Intangible Assets	208.1	226.42	228.04	203.16	182.66	157.44
Long-Term Deferred Tax Assets	17.94	12.35	10.9	10.28	7.95	5.23
Long-Term Deferred Charges	20.21	1.22	2.96	4.32	2.83	4.03
Other Long-Term Assets	568.91	573.55	560.36	550.94	510.35	613.69
Total Assets	4,425	4,277	4,178	3,901	3,954	4,039
Accounts Payable	178.57	154.42	150.56	149.38	147.03	124.16
Accrued Expenses	14.46	31.85	23.49	20.89	26.63	27.42
Short-Term Debt	92.22	99.33	89.21	0.01	158.47	180.89
Current Portion of Long-Term Debt	-	-	-	9.71	29.42	-
Current Portion of Leases	-	8.87	9.5	14.94	17.02	-
Current Income Taxes Payable	28.9	14.89	16.23	16.65	16.78	21.88
Current Unearned Revenue	116.75	112.36	118.25	86.89	88.06	85.63
Other Current Liabilities	53.13	36.7	43.93	16.38	9.12	209.41
Total Current Liabilities	484.02	458.41	451.17	314.84	492.53	649.39
Long-Term Debt	-	-	-	-	9.95	30.05
Long-Term Leases	42.26	15.62	23.51	25.35	13.42	24.56
Long-Term Unearned Revenue	-	-	-	-	-	0.32
Long-Term Deferred Tax Liabilities	19.66	12.56	15.64	16.61	17.02	17.76
Other Long-Term Liabilities	220.53	184.52	191.98	169.15	157.02	147.56
Total Liabilities	766.48	671.12	682.3	525.95	689.94	869.65
Common Stock	73.89	73.89	73.89	73.89	73.89	73.89
Additional Paid-In Capital	1,594	1,592	1,585	1,611	1,615	1,626
Retained Earnings	1,950	1,893	1,794	1,659	1,610	1,486
Treasury Stock	-23.77	-23.77	-22.06	-	-	-
Comprehensive Income & Other	31.18	35.16	36.56	28.14	-40	-21.16
Total Common Equity	3,626	3,570	3,468	3,372	3,259	3,165
Minority Interest	33.15	35.58	28.55	3.32	5.71	3.88
Shareholders' Equity	3,659	3,606	3,496	3,375	3,264	3,169
Total Liabilities & Equity	4,425	4,277	4,178	3,901	3,954	4,039
Total Debt	134.48	123.82	122.22	50	228.29	235.51
Net Cash (Debt)	411.18	409.89	315.01	205.82	122.69	96.26
Net Cash Growth	46.23%	30.12%	53.05%	67.75%	27.46%	-
Net Cash Per Share	0.58	0.58	0.45	0.29	0.18	0.14
Filing Date Shares Outstanding	699.58	699.58	697.75	700.58	700.58	700.58
Total Common Shares Outstanding	699.58	699.58	697.75	700.58	700.58	700.58
Working Capital	329.42	285.06	205.83	207.62	147.81	42.72
Book Value Per Share	5.18	5.10	4.97	4.81	4.65	4.52
Tangible Book Value	2,066	1,991	1,888	1,966	1,881	1,811
Tangible Book Value Per Share	2.95	2.85	2.71	2.81	2.68	2.58
Machinery	-	5.62	6.35	7.03	8.03	7.29

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.