Arrow Home 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	679.4	887.04	1,547	1,970	1,900	1,562
Trading Asset Securities	-	42.07	-	-	-	-
Cash & Short-Term Investments	679.4	929.11	1,547	1,970	1,900	1,562
Cash Growth	-4.69%	-39.94%	-21.46%	3.66%	21.67%	7.77%
Accounts Receivable	416.11	462.1	407.75	457.41	424.24	417.34
Other Receivables	23.53	30.7	31.26	25.21	27.58	18.55
Receivables	439.64	492.8	439	482.62	451.82	435.89
Inventory	1,050	1,058	1,213	1,274	1,379	1,389
Other Current Assets	59.42	53.68	44.79	86.64	116.89	136.35
Total Current Assets	2,229	2,534	3,244	3,813	3,848	3,523
Property, Plant & Equipment	5,160	5,238	5,486	5,313	4,897	3,818
Long-Term Investments	183.27	183.27	182.77	182.33	181.86	181.27
Other Intangible Assets	859.69	871.37	910.88	933.6	950.33	953.85
Long-Term Deferred Tax Assets	187.45	165.68	148.22	128.92	115.22	182.33
Long-Term Deferred Charges	44.3	51.61	62.65	59.3	54.54	47.23
Other Long-Term Assets	69.03	68.26	36.71	209.36	32.04	63.63
Total Assets	8,732	9,112	10,071	10,640	10,079	8,770
Accounts Payable	1,474	1,889	2,450	2,699	2,734	3,414
Accrued Expenses	109.62	145.42	310.71	285.14	234.15	296.17
Short-Term Debt	466.68	236.6	249.88	298.99	300.22	213.27
Current Portion of Long-Term Debt	263.04	205.36	367.64	255.62	118.59	34.1
Current Portion of Leases	-	-	1.89	1.54	1.37	4.54
Current Income Taxes Payable	49.79	80.21	12.78	43.92	2.92	59.04
Current Unearned Revenue	165.71	209.63	387.77	407.57	362.64	514.95
Other Current Liabilities	410.93	443.09	324.71	341.01	211.11	228.88
Total Current Liabilities	2,940	3,209	4,106	4,332	3,965	4,765
Long-Term Debt	964.34	995.91	953.47	1,151	1,229	891.69
Long-Term Leases	0.41	0.53	0.96	1.13	1.31	2.53
Long-Term Unearned Revenue	138.27	139.61	135.08	141	132.09	136.09
Long-Term Deferred Tax Liabilities	4.38	4.5	5.52	7.49	9.55	-
Other Long-Term Liabilities	14.48	28.73	-	-	-	-
Total Liabilities	4,062	4,378	5,201	5,633	5,336	5,795
Common Stock	967.16	967.16	968.6	970.12	965.61	869
Additional Paid-In Capital	2,094	2,093	2,104	2,098	2,034	955.05
Retained Earnings	1,779	1,843	1,923	1,984	1,737	1,144
Treasury Stock	-168.86	-168.86	-126.7	-50.34	-	-
Comprehensive Income & Other	1.91	1.44	0.07	-0.14	0.33	0.17
Total Common Equity	4,673	4,736	4,869	5,002	4,737	2,968
Minority Interest	-2.85	-2.03	1.25	5.22	6.25	6.95
Shareholders' Equity	4,670	4,734	4,871	5,007	4,743	2,975
Total Liabilities & Equity	8,732	9,112	10,071	10,640	10,079	8,770
Total Debt	1,694	1,438	1,574	1,708	1,650	1,146
Net Cash (Debt)	-1,015	-509.3	-26.9	261.92	249.93	415.67
Net Cash Growth	-	-	-	4.80%	-39.87%	-40.60%
Net Cash Per Share	-1.11	-0.56	-0.03	0.27	0.28	0.48
Filing Date Shares Outstanding	946.42	815.98	953.06	967.75	965.61	869
Total Common Shares Outstanding	946.42	815.98	953.06	967.75	965.61	869
Working Capital	-711.51	-675.11	-861.74	-519.52	-116.82	-1,241
Book Value Per Share	4.94	5.80	5.11	5.17	4.91	3.42
Tangible Book Value	3,813	3,865	3,959	4,068	3,786	2,014
Tangible Book Value Per Share	4.03	4.74	4.15	4.20	3.92	2.32
Buildings	-	-	5,079	4,568	2,780	2,319
Machinery	-	-	2,650	2,421	2,134	1,845
Construction In Progress	-	-	186.68	393.08	1,726	1,151

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