Shenzhen Laibao Hi-Tech 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	1,842	2,091	4,347	3,024	2,650	2,318
Trading Asset Securities	-	-	-	-	25.84	34.23
Cash & Short-Term Investments	1,842	2,091	4,347	3,024	2,676	2,352
Cash Growth	-51.96%	-51.89%	43.76%	13.00%	13.75%	17.45%
Accounts Receivable	1,476	1,448	1,529	1,409	1,417	2,000
Other Receivables	3.1	2.64	5.56	5.32	6.83	6.64
Receivables	1,479	1,451	1,535	1,414	1,423	2,007
Inventory	487.65	510.14	557.96	561.92	585.01	831.64
Other Current Assets	672.03	656.62	68.2	25.86	31.26	19.64
Total Current Assets	4,480	4,709	6,508	5,026	4,716	5,210
Property, Plant & Equipment	6,400	6,267	1,281	1,380	1,297	1,113
Long-Term Investments	62.17	61.05	54.23	50.64	13.4	11.65
Other Intangible Assets	95.28	96.09	99.84	104.69	86.78	89.68
Long-Term Deferred Tax Assets	140.53	129.5	92.99	74.66	71.55	63.35
Long-Term Deferred Charges	42.73	46.57	51.88	51.85	34.71	22.3
Other Long-Term Assets	97.79	79.04	1,358	18	28.46	21.97
Total Assets	11,319	11,389	9,446	6,706	6,247	6,532
Accounts Payable	1,073	1,301	982.26	976.25	787.25	1,349
Accrued Expenses	135.48	203.37	207.7	190.22	158.01	210.11
Current Portion of Long-Term Debt	21.56	14.62	-	-	-	-
Current Portion of Leases	-	5.69	6.62	6.4	6.59	6.35
Current Income Taxes Payable	24.5	3.67	12.91	23.25	28.05	20.2
Current Unearned Revenue	7.56	8.2	9.36	9.55	11.24	12.25
Other Current Liabilities	27.76	27.04	27.72	26.66	21.95	6.12
Total Current Liabilities	1,290	1,564	1,247	1,232	1,013	1,604
Long-Term Debt	1,604	1,446	-	-	-	-
Long-Term Leases	-	-	5.69	12.32	19.41	26.09
Long-Term Unearned Revenue	107.48	106.51	113.59	118.66	134.48	147.22
Other Long-Term Liabilities	2,214	2,199	2,165	122.98	96.56	73.91
Total Liabilities	5,216	5,316	3,531	1,486	1,264	1,851
Common Stock	705.82	705.82	705.82	705.82	705.82	705.82
Additional Paid-In Capital	2,038	2,038	2,038	2,038	2,038	2,038
Retained Earnings	3,001	2,966	2,791	2,593	2,358	2,062
Comprehensive Income & Other	-127.47	-124.8	-121.61	-122.96	-124.24	-130.14
Total Common Equity	5,617	5,585	5,413	5,214	4,978	4,676
Minority Interest	485.58	488.22	501.66	6.09	5.8	5.27
Shareholders' Equity	6,102	6,073	5,915	5,220	4,984	4,681
Total Liabilities & Equity	11,319	11,389	9,446	6,706	6,247	6,532
Total Debt	1,626	1,466	12.32	18.71	26.01	32.44
Net Cash (Debt)	215.78	625.13	4,335	3,005	2,650	2,320
Net Cash Growth	-94.36%	-85.58%	44.25%	13.40%	14.22%	15.83%
Net Cash Per Share	0.31	0.89	6.14	4.26	3.75	3.29
Filing Date Shares Outstanding	706.3	705.82	705.82	705.82	705.82	705.82
Total Common Shares Outstanding	706.3	705.82	705.82	705.82	705.82	705.82
Working Capital	3,190	3,145	5,262	3,794	3,702	3,607
Book Value Per Share	7.95	7.91	7.67	7.39	7.05	6.62
Tangible Book Value	5,522	5,489	5,313	5,109	4,891	4,586
Tangible Book Value Per Share	7.82	7.78	7.53	7.24	6.93	6.50
Land	-	17.33	-	-	-	-
Buildings	-	897.04	896.27	608.13	608.13	608.13
Machinery	-	2,928	2,795	2,726	2,463	2,362
Construction In Progress	-	5,036	122.83	392.39	398.58	175.08

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