Beijing BDStar Navigation 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	Dec '21 Dec 31, 2021
Cash & Equivalents	487.92	977.19	1,724	1,232	1,239	1,832
Trading Asset Securities	746.31	322.01	-	610.53	2.24	1.88
Cash & Short-Term Investments	1,234	1,299	1,724	1,842	1,241	1,834
Cash Growth	-30.36%	-24.65%	-6.41%	48.41%	-32.32%	15.19%
Accounts Receivable	700.36	738.99	795.58	922.91	1,534	981.77
Other Receivables	8.36	79.34	63.64	75.72	111.71	177.81
Receivables	708.72	818.33	859.22	998.63	1,646	1,160
Inventory	856.51	820.57	580.78	658.22	1,221	970
Prepaid Expenses	-	0.11	-	-	-	-
Other Current Assets	161.95	201.53	277.93	129.8	156.55	92.53
Total Current Assets	2,961	3,140	3,442	3,629	4,264	4,056
Property, Plant & Equipment	629.18	637.31	555.7	598	1,170	935.51
Long-Term Investments	752.74	746.06	765.44	739.83	631.02	613.83
Goodwill	514.35	515.8	491.07	555.14	631.08	640.82
Other Intangible Assets	288.23	305.43	288.59	353.71	553.77	587.15
Long-Term Deferred Tax Assets	120.56	120.07	100.34	92.48	99.78	83.11
Long-Term Deferred Charges	50.55	55.41	99.92	110.01	246.18	187.13
Other Long-Term Assets	915.94	918.13	427.42	414.92	15.85	79.49
Total Assets	6,233	6,438	6,171	6,493	7,612	7,183
Accounts Payable	383.91	444.43	357.16	360.65	1,461	984.55
Accrued Expenses	74.51	193.26	129.91	152.88	197.58	195.35
Short-Term Debt	29.72	29.72	56.4	-	253.76	503.51
Current Portion of Long-Term Debt	-	0.4	-	-	85.18	91.51
Current Portion of Leases	-	9.5	10.92	8.56	7.38	9.77
Current Income Taxes Payable	23.35	2.09	0.22	0.73	12.24	2.5
Current Unearned Revenue	123.24	145.05	67.74	72.32	91.85	230.07
Other Current Liabilities	136.91	161.31	62.52	90.76	113.48	126.07
Total Current Liabilities	771.64	985.75	684.89	685.9	2,222	2,143
Long-Term Debt	9.84	9.94	-	-	69.5	133.25
Long-Term Leases	18.51	18.73	20.19	24.95	17.46	5
Long-Term Unearned Revenue	218.15	222.5	149.17	144.72	198.59	182.56
Long-Term Deferred Tax Liabilities	9.3	9.51	7.4	14.17	18.25	16.48
Other Long-Term Liabilities	133.04	133.07	53.82	11.28	272.36	22.6
Total Liabilities	1,160	1,380	915.47	881.01	2,798	2,503
Common Stock	542.91	542.91	542.96	543.66	512.78	512.2
Additional Paid-In Capital	4,884	4,895	4,960	5,011	3,879	3,991
Retained Earnings	-362.15	-375.71	-118.55	311.96	181.89	70.22
Treasury Stock	-67.14	-67.14	-150.5	-191.39	-225.61	-94.94
Comprehensive Income & Other	-161.63	-158.74	-129.77	-110.76	-12.39	-47.31
Total Common Equity	4,836	4,836	5,104	5,565	4,336	4,431
Minority Interest	236.72	222.47	151.12	47.31	478.23	249.38
Shareholders' Equity	5,072	5,058	5,255	5,612	4,814	4,680
Total Liabilities & Equity	6,233	6,438	6,171	6,493	7,612	7,183
Total Debt	58.07	68.29	87.51	33.5	433.28	743.04
Net Cash (Debt)	1,176	1,231	1,637	1,809	808.09	1,091
Net Cash Growth	-31.45%	-24.79%	-9.52%	123.83%	-25.95%	29.94%
Net Cash Per Share	2.20	2.25	3.04	3.48	1.56	1.94
Filing Date Shares Outstanding	542.91	542.91	542.96	543.66	512.78	512.2
Total Common Shares Outstanding	542.91	542.91	542.96	543.66	512.78	512.2
Working Capital	2,190	2,154	2,757	2,943	2,042	1,913
Book Value Per Share	8.91	8.91	9.40	10.24	8.46	8.65
Tangible Book Value	4,033	4,015	4,324	4,656	3,151	3,203
Tangible Book Value Per Share	7.43	7.39	7.96	8.56	6.14	6.25
Buildings	-	285	261.74	261.74	678.88	310.59
Machinery	-	856.19	703.94	667.26	706.05	646.17
Construction In Progress	-	2.69	4.19	0.15	139.41	266.84

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