Jiangsu Azure 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	861.6	643.27	766.18	664.72	494.64	547.17
Short-Term Investments	-	734.05	236.78	593.65	964.21	114.9
Trading Asset Securities	0.75	80.75	463.5	820.18	618.22	229.5
Cash & Short-Term Investments	862.35	1,458	1,466	2,079	2,077	891.56
Cash Growth	-30.28%	-0.57%	-29.45%	0.07%	132.97%	107.00%
Accounts Receivable	2,861	2,679	2,368	1,650	1,375	1,871
Other Receivables	24.31	53.22	7.8	7.29	13.06	11.39
Receivables	2,885	2,733	2,375	1,657	1,388	1,882
Inventory	2,406	1,935	1,518	1,552	1,870	1,533
Other Current Assets	1,084	277.93	233.13	222.62	287.5	324.8
Total Current Assets	7,238	6,403	5,593	5,511	5,623	4,632
Property, Plant & Equipment	4,949	5,174	4,749	4,396	4,157	3,323
Long-Term Investments	35.87	34.61	33.87	132.93	595.56	837.91
Goodwill	599.99	597.38	597.38	597.38	597.38	597.38
Other Intangible Assets	226.64	228.08	213.89	219.13	224.44	211.97
Long-Term Deferred Tax Assets	87.91	94.26	113.72	132.9	85.87	59.93
Long-Term Deferred Charges	0.57	0.29	1.04	2.79	2.52	2.59
Other Long-Term Assets	130.73	131.87	16.48	18.2	38.45	57.93
Total Assets	13,269	12,663	11,319	11,011	11,324	9,722
Accounts Payable	3,904	3,755	2,152	1,443	2,057	2,295
Accrued Expenses	51.84	97.43	80.94	79.51	64.32	62.87
Short-Term Debt	198.9	97.36	1,002	1,598	1,246	1,889
Current Portion of Long-Term Debt	-	-	107.09	67.07	32.03	23.03
Current Portion of Leases	0.68	0.68	1.94	1.7	1.41	0.91
Current Income Taxes Payable	147.05	115.8	61.94	44.99	53.94	48.37
Current Unearned Revenue	205.91	24.44	27.24	72.56	25.42	42.19
Other Current Liabilities	99.16	92.5	24.53	351.38	57.57	224.03
Total Current Liabilities	4,607	4,183	3,458	3,658	3,538	4,585
Long-Term Debt	-	-	157.12	339.36	398.44	781.25
Long-Term Leases	2.66	2.63	-	1.29	2.44	0.97
Long-Term Unearned Revenue	490.34	457.28	416.18	218.05	182.8	7.97
Long-Term Deferred Tax Liabilities	19.67	19.99	30	10.1	7.59	8.01
Total Liabilities	5,120	4,663	4,061	4,227	4,129	5,383
Common Stock	1,154	1,154	1,152	1,152	1,152	1,036
Additional Paid-In Capital	2,951	2,950	2,936	2,935	2,928	571.32
Retained Earnings	3,669	3,474	2,838	2,367	2,267	1,961
Comprehensive Income & Other	61.31	65.4	-2.27	-2.61	-	-0.01
Total Common Equity	7,835	7,643	6,924	6,451	6,346	3,568
Minority Interest	313.57	357.61	334.31	332.24	848.8	771
Shareholders' Equity	8,149	8,000	7,258	6,784	7,195	4,339
Total Liabilities & Equity	13,269	12,663	11,319	11,011	11,324	9,722
Total Debt	202.24	100.67	1,268	2,007	1,680	2,695
Net Cash (Debt)	660.11	1,357	198.68	71.36	396.87	-1,803
Net Cash Growth	563.22%	583.21%	178.40%	-82.02%	-	-
Net Cash Per Share	0.57	1.18	0.17	0.06	0.36	-1.75
Filing Date Shares Outstanding	1,154	1,154	1,152	1,152	1,152	1,036
Total Common Shares Outstanding	1,154	1,154	1,152	1,152	1,152	1,036
Working Capital	2,631	2,220	2,136	1,853	2,085	46.6
Book Value Per Share	6.79	6.62	6.01	5.60	5.51	3.44
Tangible Book Value	7,008	6,817	6,112	5,635	5,525	2,759
Tangible Book Value Per Share	6.07	5.91	5.31	4.89	4.80	2.66
Land	-	228.8	-	-	-	-
Buildings	-	1,724	1,163	981.34	703.07	643.88
Machinery	-	5,173	4,092	3,632	3,002	2,859
Construction In Progress	-	392.29	1,497	1,461	1,844	935.83

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