Visual China Group 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	489.23	533.52	407.23	239.98	324.95
Trading Asset Securities	132.81	0.19	30	15.84	26.04
Cash & Short-Term Investments	622.04	533.71	437.23	255.82	350.98
Cash Growth	16.55%	22.07%	70.92%	-27.11%	5.79%
Accounts Receivable	147.23	165.63	166.78	212.22	232.83
Other Receivables	51.35	24.16	33.55	46.48	45.71
Receivables	198.58	189.79	200.33	258.7	278.54
Prepaid Expenses	-	-	-	-	0.07
Other Current Assets	38.19	19.97	19.43	7.94	10.75
Total Current Assets	858.81	743.47	657	522.46	640.34
Property, Plant & Equipment	49.18	24.87	34.23	34.21	20.43
Long-Term Investments	1,277	1,342	1,333	1,373	1,395
Goodwill	1,351	1,353	1,351	1,203	1,195
Other Intangible Assets	223.95	226.42	228.04	203.16	182.66
Long-Term Deferred Tax Assets	17.65	12.35	10.9	10.28	7.95
Long-Term Deferred Charges	5.71	1.22	2.96	4.32	2.83
Other Long-Term Assets	562.26	573.55	560.36	550.94	510.35
Total Assets	4,345	4,277	4,178	3,901	3,954
Accounts Payable	151.78	154.42	150.56	149.38	147.03
Accrued Expenses	25.39	31.85	23.49	20.89	26.63
Short-Term Debt	54.62	99.33	89.21	0.01	158.47
Current Portion of Long-Term Debt	-	-	-	9.71	29.42
Current Portion of Leases	8.43	8.87	9.5	14.94	17.02
Current Income Taxes Payable	12.97	14.89	16.23	16.65	16.78
Current Unearned Revenue	127.53	112.36	118.25	86.89	88.06
Other Current Liabilities	92.74	36.7	43.93	16.38	9.12
Total Current Liabilities	473.47	458.41	451.17	314.84	492.53
Long-Term Debt	-	-	-	-	9.95
Long-Term Leases	38.23	15.62	23.51	25.35	13.42
Long-Term Deferred Tax Liabilities	16.39	12.56	15.64	16.61	17.02
Other Long-Term Liabilities	168.69	184.52	191.98	169.15	157.02
Total Liabilities	696.79	671.12	682.3	525.95	689.94
Common Stock	73.89	73.89	73.89	73.89	73.89
Additional Paid-In Capital	1,592	1,592	1,585	1,611	1,615
Retained Earnings	1,959	1,893	1,794	1,659	1,610
Treasury Stock	-20.58	-23.77	-22.06	-	-
Comprehensive Income & Other	9.13	35.16	36.56	28.14	-40
Total Common Equity	3,613	3,570	3,468	3,372	3,259
Minority Interest	35.13	35.58	28.55	3.32	5.71
Shareholders' Equity	3,649	3,606	3,496	3,375	3,264
Total Liabilities & Equity	4,345	4,277	4,178	3,901	3,954
Total Debt	101.29	123.82	122.22	50	228.29
Net Cash (Debt)	520.75	409.89	315.01	205.82	122.69
Net Cash Growth	27.05%	30.12%	53.05%	67.75%	27.46%
Net Cash Per Share	0.75	0.58	0.45	0.29	0.18
Filing Date Shares Outstanding	699.58	699.58	697.75	700.58	700.58
Total Common Shares Outstanding	699.58	699.58	697.75	700.58	700.58
Working Capital	385.33	285.06	205.83	207.62	147.81
Book Value Per Share	5.17	5.10	4.97	4.81	4.65
Tangible Book Value	2,039	1,991	1,888	1,966	1,881
Tangible Book Value Per Share	2.91	2.85	2.71	2.81	2.68
Machinery	5.76	5.62	6.35	7.03	8.03

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.