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 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	459.08	489.23	533.52	407.23	239.98	324.95
Trading Asset Securities	373.4	132.81	0.19	30	15.84	26.04
Cash & Short-Term Investments	832.48	622.04	533.71	437.23	255.82	350.98
Cash Growth	47.68%	16.55%	22.07%	70.92%	-27.11%	5.79%
Accounts Receivable	187.54	147.23	165.63	166.78	212.22	232.83
Other Receivables	53.81	51.35	24.16	33.55	46.48	45.71
Receivables	241.35	198.58	189.79	200.33	258.7	278.54
Prepaid Expenses	-	-	-	-	-	0.07
Other Current Assets	78.43	38.19	19.97	19.43	7.94	10.75
Total Current Assets	1,152	858.81	743.47	657	522.46	640.34
Property, Plant & Equipment	45.2	49.18	24.87	34.23	34.21	20.43
Long-Term Investments	1,312	1,277	1,342	1,333	1,373	1,395
Goodwill	1,349	1,351	1,353	1,351	1,203	1,195
Other Intangible Assets	214.76	223.95	226.42	228.04	203.16	182.66
Long-Term Deferred Tax Assets	19.05	17.65	12.35	10.9	10.28	7.95
Long-Term Deferred Charges	11.48	5.71	1.22	2.96	4.32	2.83
Other Long-Term Assets	551.51	562.26	573.55	560.36	550.94	510.35
Total Assets	4,655	4,345	4,277	4,178	3,901	3,954
Accounts Payable	247.05	151.78	154.42	150.56	149.38	147.03
Accrued Expenses	13.07	25.39	31.85	23.49	20.89	26.63
Short-Term Debt	84.57	54.62	99.33	89.21	0.01	158.47
Current Portion of Long-Term Debt	21.1	-	-	-	9.71	29.42
Current Portion of Leases	-	8.43	8.87	9.5	14.94	17.02
Current Income Taxes Payable	18.04	12.97	14.89	16.23	16.65	16.78
Current Unearned Revenue	120.22	127.53	112.36	118.25	86.89	88.06
Other Current Liabilities	65.01	92.74	36.7	43.93	16.38	9.12
Total Current Liabilities	569.06	473.47	458.41	451.17	314.84	492.53
Long-Term Debt	-	-	-	-	-	9.95
Long-Term Leases	34.25	38.23	15.62	23.51	25.35	13.42
Long-Term Deferred Tax Liabilities	15.64	16.39	12.56	15.64	16.61	17.02
Other Long-Term Liabilities	166.07	168.69	184.52	191.98	169.15	157.02
Total Liabilities	785.01	696.79	671.12	682.3	525.95	689.94
Common Stock	73.89	73.89	73.89	73.89	73.89	73.89
Additional Paid-In Capital	1,592	1,592	1,592	1,585	1,611	1,615
Retained Earnings	2,198	1,959	1,893	1,794	1,659	1,610
Treasury Stock	-20.58	-20.58	-23.77	-22.06	-	-
Comprehensive Income & Other	-9.6	9.13	35.16	36.56	28.14	-40
Total Common Equity	3,834	3,613	3,570	3,468	3,372	3,259
Minority Interest	36.71	35.13	35.58	28.55	3.32	5.71
Shareholders' Equity	3,870	3,649	3,606	3,496	3,375	3,264
Total Liabilities & Equity	4,655	4,345	4,277	4,178	3,901	3,954
Total Debt	139.91	101.29	123.82	122.22	50	228.29
Net Cash (Debt)	692.57	520.75	409.89	315.01	205.82	122.69
Net Cash Growth	55.56%	27.05%	30.12%	53.05%	67.75%	27.46%
Net Cash Per Share	0.99	0.75	0.58	0.45	0.29	0.18
Filing Date Shares Outstanding	697.73	699.58	699.58	697.75	700.58	700.58
Total Common Shares Outstanding	697.73	699.58	699.58	697.75	700.58	700.58
Working Capital	583.19	385.33	285.06	205.83	207.62	147.81
Book Value Per Share	5.49	5.17	5.10	4.97	4.81	4.65
Tangible Book Value	2,270	2,039	1,991	1,888	1,966	1,881
Tangible Book Value Per Share	3.25	2.91	2.85	2.71	2.81	2.68
Machinery	-	5.76	5.62	6.35	7.03	8.03