Luoniushan 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	530	764.68	1,100	954.16	639.93	676.65
Short-Term Investments	-	6.79	6.2	7	12.64	10.85
Trading Asset Securities	341.81	33.43	27.24	11.61	11.92	29.95
Cash & Short-Term Investments	871.81	804.9	1,133	972.77	664.48	717.45
Cash Growth	6.01%	-28.97%	16.48%	46.39%	-7.38%	85.61%
Accounts Receivable	58.67	53.33	58.24	68.92	36.8	29.98
Other Receivables	20.12	0.83	10.4	1,367	13.9	8.48
Receivables	78.79	54.16	68.64	1,584	50.71	38.46
Inventory	2,323	2,440	2,639	2,819	3,155	2,412
Prepaid Expenses	-	11.73	80.29	102.46	35.8	192.12
Other Current Assets	64.6	37.34	26.07	14.17	330.23	24.55
Total Current Assets	3,338	3,348	3,948	5,492	4,236	3,385
Property, Plant & Equipment	3,836	3,862	3,878	4,302	4,273	4,261
Long-Term Investments	89.49	167.9	170.32	182.69	1,572	1,499
Goodwill	46.43	46.43	46.43	46.43	46.43	63.34
Other Intangible Assets	482.61	501.82	519.72	513.47	471.06	527.15
Long-Term Deferred Tax Assets	135.01	135.01	141.03	234.24	100.84	91.93
Long-Term Deferred Charges	51.38	50.87	51.94	63.94	74.25	84.83
Other Long-Term Assets	1,567	1,478	1,644	1,684	1,851	1,102
Total Assets	9,571	9,616	10,425	12,550	12,671	11,099
Accounts Payable	1,268	1,313	1,288	1,156	1,180	877.72
Accrued Expenses	61.13	406.64	291.24	162.86	168.87	128.19
Short-Term Debt	674.29	510.25	121.67	303.68	102.64	510.42
Current Portion of Long-Term Debt	339.23	310.55	476.43	458.28	310.92	262.89
Current Portion of Leases	-	6.59	6.64	13.26	6.07	10.38
Current Income Taxes Payable	394.43	124.34	30.24	108.24	24.11	34.37
Current Unearned Revenue	220.41	251.16	1,302	2,148	2,543	2,128
Other Current Liabilities	287.88	202.24	252.62	374.89	392.28	629.49
Total Current Liabilities	3,246	3,125	3,769	4,725	4,729	4,581
Long-Term Debt	889.26	878.77	1,084	2,003	2,042	1,294
Long-Term Leases	61.3	54.41	22.12	251.5	244.72	122.19
Long-Term Unearned Revenue	467.46	484.85	510.94	542.34	565.36	623.08
Long-Term Deferred Tax Liabilities	196.84	198	232.93	263.35	256.79	119.92
Other Long-Term Liabilities	112.04	95.02	91	82.97	11.09	8.24
Total Liabilities	4,973	4,836	5,710	7,868	7,849	6,748
Common Stock	1,152	1,152	1,152	1,152	1,152	1,152
Additional Paid-In Capital	1,481	1,481	1,536	1,696	1,628	1,627
Retained Earnings	1,123	1,289	1,158	935.51	1,050	961.02
Comprehensive Income & Other	413.61	413.61	411.44	418.16	504.08	147.86
Total Common Equity	4,169	4,335	4,257	4,201	4,333	3,887
Minority Interest	429.95	444.83	458.32	480.85	489.17	463.12
Shareholders' Equity	4,599	4,780	4,715	4,682	4,823	4,350
Total Liabilities & Equity	9,571	9,616	10,425	12,550	12,671	11,099
Total Debt	1,964	1,761	1,711	3,029	2,706	2,199
Net Cash (Debt)	-1,092	-955.67	-578.11	-2,057	-2,042	-1,482
Net Cash Per Share	-0.95	-0.83	-0.50	-1.81	-1.77	-1.29
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	92.68	223.51	178.86	766.84	-492.16	-1,197
Book Value Per Share	3.62	3.76	3.70	3.65	3.76	3.38
Tangible Book Value	3,640	3,786	3,691	3,641	3,816	3,297
Tangible Book Value Per Share	3.16	3.29	3.21	3.16	3.31	2.86
Buildings	-	4,130	3,914	3,906	3,660	3,932
Machinery	-	1,218	1,135	1,127	1,043	992.08
Construction In Progress	-	163.56	300.1	292.25	321.22	219.77

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