Beijing BDStar Navigation Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	977.19	1,724	1,232	1,239	1,832
Trading Asset Securities	322.01	-	610.53	2.24	1.88
Cash & Short-Term Investments	1,299	1,724	1,842	1,241	1,834
Cash Growth	-24.65%	-6.41%	48.41%	-32.32%	15.19%
Accounts Receivable	738.99	795.58	922.91	1,534	981.77
Other Receivables	-	63.64	75.72	111.71	177.81
Receivables	738.99	859.22	998.63	1,646	1,160
Inventory	820.57	580.78	658.22	1,221	970
Other Current Assets	280.98	277.93	129.8	156.55	92.53
Total Current Assets	3,140	3,442	3,629	4,264	4,056
Property, Plant & Equipment	637.31	555.7	598	1,170	935.51
Long-Term Investments	746.06	765.44	739.83	631.02	613.83
Goodwill	515.8	491.07	555.14	631.08	640.82
Other Intangible Assets	305.43	288.59	353.71	553.77	587.15
Long-Term Deferred Tax Assets	120.07	100.34	92.48	99.78	83.11
Long-Term Deferred Charges	55.41	99.92	110.01	246.18	187.13
Other Long-Term Assets	918.13	427.42	414.92	15.85	79.49
Total Assets	6,438	6,171	6,493	7,612	7,183
Accounts Payable	444.43	357.16	360.65	1,461	984.55
Accrued Expenses	224.51	130.1	152.88	197.58	195.35
Short-Term Debt	29.72	56.4	-	253.76	503.51
Current Portion of Long-Term Debt	-	-	-	85.18	91.51
Current Portion of Leases	-	10.92	8.56	7.38	9.77
Current Income Taxes Payable	-	0.22	0.73	12.24	2.5
Current Unearned Revenue	145.05	67.74	72.32	91.85	230.07
Other Current Liabilities	142.05	62.34	90.76	113.48	126.07
Total Current Liabilities	985.75	684.89	685.9	2,222	2,143
Long-Term Debt	9.94	-	-	69.5	133.25
Long-Term Leases	18.73	20.19	24.95	17.46	5
Long-Term Unearned Revenue	222.5	149.17	144.72	198.59	182.56
Long-Term Deferred Tax Liabilities	9.51	7.4	14.17	18.25	16.48
Other Long-Term Liabilities	133.07	53.82	11.28	272.36	22.6
Total Liabilities	1,380	915.47	881.01	2,798	2,503
Common Stock	542.91	542.96	543.66	512.78	512.2
Additional Paid-In Capital	4,895	4,960	5,011	3,879	3,991
Retained Earnings	-375.71	-118.55	311.96	181.89	70.22
Treasury Stock	-67.14	-150.5	-191.39	-225.61	-94.94
Comprehensive Income & Other	-158.74	-129.77	-110.76	-12.39	-47.31
Total Common Equity	4,836	5,104	5,565	4,336	4,431
Minority Interest	222.47	151.12	47.31	478.23	249.38
Shareholders' Equity	5,058	5,255	5,612	4,814	4,680
Total Liabilities & Equity	6,438	6,171	6,493	7,612	7,183
Total Debt	58.39	87.51	33.5	433.28	743.04
Net Cash (Debt)	1,241	1,637	1,809	808.09	1,091
Net Cash Growth	-24.19%	-9.52%	123.83%	-25.95%	29.94%
Net Cash Per Share	2.27	3.04	3.48	1.56	1.94
Filing Date Shares Outstanding	377.87	542.96	543.66	512.78	512.2
Total Common Shares Outstanding	377.87	542.96	543.66	512.78	512.2
Working Capital	2,154	2,757	2,943	2,042	1,913
Book Value Per Share	12.80	9.40	10.24	8.46	8.65
Tangible Book Value	4,015	4,324	4,656	3,151	3,203
Tangible Book Value Per Share	10.62	7.96	8.56	6.14	6.25
Buildings	-	261.74	261.74	678.88	310.59
Machinery	-	703.94	667.26	706.05	646.17
Construction In Progress	-	4.19	0.15	139.41	266.84

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.