DHC Software 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	1,809	2,983	2,000	2,212	2,551	2,664
Short-Term Investments	-	-	-	-	-	10
Cash & Short-Term Investments	1,809	2,983	2,000	2,212	2,551	2,674
Cash Growth	51.75%	49.13%	-9.57%	-13.27%	-4.63%	4.19%
Accounts Receivable	7,419	7,786	7,348	7,303	7,067	6,768
Other Receivables	309.61	405.03	440.12	420.14	535.98	636.48
Receivables	7,729	8,191	7,788	7,723	7,603	7,405
Inventory	9,705	9,595	9,983	9,587	8,169	7,281
Prepaid Expenses	-	0.14	0.12	0.12	0.12	0.15
Other Current Assets	863.79	883.09	880.94	655.22	719.54	710.9
Total Current Assets	20,106	21,652	20,653	20,177	19,042	18,071
Property, Plant & Equipment	944.13	941.04	838.67	749.57	696.61	546.63
Long-Term Investments	1,618	1,676	1,668	1,520	1,276	1,217
Goodwill	568.09	568.09	568.09	639.83	641.78	641.78
Other Intangible Assets	146.7	148.96	157.25	168.05	181.71	197.27
Long-Term Accounts Receivable	296.42	321.53	404.05	157.97	243.68	276.65
Long-Term Deferred Tax Assets	228.65	219.87	185.41	151.09	112.53	80.84
Long-Term Deferred Charges	11.78	8.61	5.48	6.86	8.97	12.3
Other Long-Term Assets	58.22	57.07	67.93	67.03	26.03	27.88
Total Assets	23,978	25,592	24,547	23,638	22,229	21,071
Accounts Payable	1,621	1,905	2,236	2,164	2,088	2,120
Accrued Expenses	8.97	79.9	110.65	68.1	85.36	91.53
Short-Term Debt	6,085	7,216	5,761	4,326	4,344	3,723
Current Portion of Leases	-	21.18	18.61	24.62	31.51	87.13
Current Income Taxes Payable	45.29	18.44	12.75	9.7	20.12	12.15
Current Unearned Revenue	1,897	2,082	2,477	3,300	2,413	2,250
Other Current Liabilities	1,306	1,315	1,300	1,558	1,606	1,504
Total Current Liabilities	10,964	12,637	11,917	11,450	10,587	9,787
Long-Term Leases	15.76	18.92	23.86	15.84	35.42	73.74
Long-Term Unearned Revenue	110.07	109.99	114.09	110.82	107.49	87.53
Long-Term Deferred Tax Liabilities	45.87	50.18	43.39	50.86	22.39	14.97
Total Liabilities	11,136	12,816	12,098	11,628	10,752	9,964
Common Stock	3,205	3,205	3,205	3,205	3,205	3,205
Additional Paid-In Capital	2,992	2,992	2,993	2,805	2,751	2,769
Retained Earnings	6,185	6,123	5,806	5,467	5,188	4,948
Comprehensive Income & Other	0.34	2.51	5.44	3.69	2.31	-3.41
Total Common Equity	12,383	12,323	12,010	11,481	11,147	10,919
Minority Interest	459.24	453.07	438.75	529.04	329.51	188.09
Shareholders' Equity	12,842	12,776	12,449	12,010	11,477	11,107
Total Liabilities & Equity	23,978	25,592	24,547	23,638	22,229	21,071
Total Debt	6,101	7,256	5,804	4,367	4,411	3,884
Net Cash (Debt)	-4,292	-4,273	-3,803	-2,155	-1,860	-1,210
Net Cash Per Share	-1.34	-1.33	-1.19	-0.67	-0.58	-0.38
Filing Date Shares Outstanding	3,205	3,205	3,205	3,205	3,205	3,205
Total Common Shares Outstanding	3,205	3,205	3,205	3,205	3,205	3,205
Working Capital	9,142	9,014	8,736	8,727	8,455	8,284
Book Value Per Share	3.86	3.84	3.75	3.58	3.48	3.41
Tangible Book Value	11,668	11,606	11,285	10,673	10,324	10,080
Tangible Book Value Per Share	3.64	3.62	3.52	3.33	3.22	3.14
Buildings	-	336	348.89	169.38	169.38	168.68
Machinery	-	1,146	1,063	994.28	901.08	750.68
Construction In Progress	-	412.74	268.04	332.21	259.45	160.83

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