Luoniushan 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	362.84	1,100	954.16	639.93	676.65	224.52
Short-Term Investments	-	6.2	7	12.64	10.85	-
Trading Asset Securities	390.07	27.24	11.61	11.92	29.95	162.01
Cash & Short-Term Investments	752.91	1,133	972.77	664.48	717.45	386.53
Cash Growth	-25.73%	16.48%	46.39%	-7.38%	85.61%	1.69%
Accounts Receivable	47.13	58.24	68.92	36.8	29.98	29.12
Other Receivables	23.25	10.4	1,367	13.9	8.48	31.69
Receivables	70.39	68.64	1,584	50.71	38.46	60.8
Inventory	2,731	2,639	2,819	3,155	2,412	1,617
Prepaid Expenses	-	78.12	102.46	35.8	192.12	1.81
Other Current Assets	121.8	28.25	14.17	330.23	24.55	9.8
Total Current Assets	3,676	3,948	5,492	4,236	3,385	2,076
Property, Plant & Equipment	3,825	3,878	4,302	4,273	4,261	3,613
Long-Term Investments	86.41	193.88	182.69	1,572	1,499	1,562
Goodwill	46.43	46.43	46.43	46.43	63.34	66.88
Other Intangible Assets	491.62	519.72	513.47	471.06	527.15	366.78
Long-Term Deferred Tax Assets	141.4	141.03	234.24	100.84	91.93	50.16
Long-Term Deferred Charges	47.23	51.94	63.94	74.25	84.83	114.67
Other Long-Term Assets	1,715	1,621	1,684	1,851	1,102	438.77
Total Assets	10,054	10,425	12,550	12,671	11,099	8,429
Accounts Payable	1,034	1,288	1,156	1,180	877.72	843.64
Accrued Expenses	65.44	291.24	162.86	168.87	128.19	93.74
Short-Term Debt	314.21	121.67	303.68	102.64	510.42	750.46
Current Portion of Long-Term Debt	308.47	476.43	458.28	310.92	262.89	175.53
Current Portion of Leases	-	6.64	13.26	6.07	10.38	-
Current Income Taxes Payable	179.23	30.24	108.24	24.11	34.37	31.89
Current Unearned Revenue	1,404	1,302	2,148	2,543	2,128	79.59
Other Current Liabilities	317.69	252.62	374.89	392.28	629.49	108.83
Total Current Liabilities	3,623	3,769	4,725	4,729	4,581	2,084
Long-Term Debt	934.35	1,084	2,003	2,042	1,294	1,368
Long-Term Leases	20.28	22.12	251.5	244.72	122.19	-
Long-Term Unearned Revenue	494.43	510.94	542.34	565.36	623.08	647.82
Long-Term Deferred Tax Liabilities	227.34	232.93	263.35	256.79	119.92	36.9
Other Long-Term Liabilities	122.61	91	82.97	11.09	8.24	2.1
Total Liabilities	5,422	5,710	7,868	7,849	6,748	4,138
Common Stock	1,152	1,152	1,152	1,152	1,152	1,152
Additional Paid-In Capital	1,523	1,536	1,696	1,628	1,627	1,608
Retained Earnings	1,134	1,158	935.51	1,050	961.02	1,327
Comprehensive Income & Other	411.44	411.44	418.16	504.08	147.86	103.2
Total Common Equity	4,221	4,257	4,201	4,333	3,887	4,189
Minority Interest	410.87	458.32	480.85	489.17	463.12	101.93
Shareholders' Equity	4,632	4,715	4,682	4,823	4,350	4,291
Total Liabilities & Equity	10,054	10,425	12,550	12,671	11,099	8,429
Total Debt	1,577	1,711	3,029	2,706	2,199	2,293
Net Cash (Debt)	-824.4	-578.11	-2,057	-2,042	-1,482	-1,907
Net Cash Per Share	-0.71	-0.50	-1.81	-1.77	-1.29	-1.66
Filing Date Shares Outstanding	1,152	1,152	1,152	1,152	1,152	1,152
Total Common Shares Outstanding	1,152	1,152	1,152	1,152	1,152	1,152
Working Capital	52.78	178.86	766.84	-492.16	-1,197	-8.03
Book Value Per Share	3.67	3.70	3.65	3.76	3.38	3.64
Tangible Book Value	3,683	3,691	3,641	3,816	3,297	3,755
Tangible Book Value Per Share	3.20	3.21	3.16	3.31	2.86	3.26
Buildings	-	3,914	3,906	3,660	3,932	2,931
Machinery	-	1,135	1,127	1,043	992.08	708.61
Construction In Progress	-	300.1	292.25	321.22	219.77	838.16

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