Jiangsu Azure Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	1,069	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	21.06	80.75	463.5	820.18	618.22	229.5
Cash & Short-Term Investments	1,090	1,458	1,466	2,079	2,077	891.56
Cash Growth	41.07%	-0.57%	-29.45%	0.07%	132.97%	107.00%
Accounts Receivable	3,118	2,679	2,368	1,650	1,375	1,871
Other Receivables	21.35	53.22	7.8	7.29	13.06	11.39
Receivables	3,139	2,733	2,375	1,657	1,388	1,882
Inventory	2,998	1,935	1,518	1,552	1,870	1,533
Other Current Assets	1,546	277.93	233.13	222.62	287.5	324.8
Total Current Assets	8,773	6,403	5,593	5,511	5,623	4,632
Property, Plant & Equipment	5,407	5,174	4,749	4,396	4,157	3,323
Long-Term Investments	37.35	34.61	33.87	132.93	595.56	837.91
Goodwill	597.38	597.38	597.38	597.38	597.38	597.38
Other Intangible Assets	216.88	228.08	213.89	219.13	224.44	211.97
Long-Term Deferred Tax Assets	84.59	94.26	113.72	132.9	85.87	59.93
Long-Term Deferred Charges	0.12	0.29	1.04	2.79	2.52	2.59
Other Long-Term Assets	43.18	131.87	16.48	18.2	38.45	57.93
Total Assets	15,159	12,663	11,319	11,011	11,324	9,722

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	5,088	3,755	2,152	1,443	2,057	2,295
Accrued Expenses	54.15	97.43	80.94	79.51	64.32	62.87
Short-Term Debt	276.12	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	1.94	1.7	1.41	0.91
Current Income Taxes Payable	152.96	115.8	61.94	44.99	53.94	48.37
Current Unearned Revenue	115.86	24.44	27.24	72.56	25.42	42.19
Other Current Liabilities	124.15	92.5	24.53	351.38	57.57	224.03
Total Current Liabilities	5,812	4,183	3,458	3,658	3,538	4,585
Long-Term Debt	117.99	-	157.12	339.36	398.44	781.25
Long-Term Leases	4.48	2.63	-	1.29	2.44	0.97
Long-Term Unearned Revenue	484.38	457.28	416.18	218.05	182.8	7.97
Long-Term Deferred Tax Liabilities	19.6	19.99	30	10.1	7.59	8.01
Total Liabilities	6,438	4,663	4,061	4,227	4,129	5,383

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	1,710	1,154	1,152	1,152	1,152	1,036
Additional Paid-In Capital	2,387	2,950	2,936	2,935	2,928	571.32
Retained Earnings	4,204	3,474	2,838	2,367	2,267	1,961
Comprehensive Income & Other	37.22	65.4	-2.27	-2.61	-	-0.01
Total Common Equity	8,338	7,643	6,924	6,451	6,346	3,568
Minority Interest	383.11	357.61	334.31	332.24	848.8	771
Shareholders' Equity	8,721	8,000	7,258	6,784	7,195	4,339
Total Liabilities & Equity	15,159	12,663	11,319	11,011	11,324	9,722

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	398.59	100.67	1,268	2,007	1,680	2,695
Net Cash (Debt)	691.22	1,357	198.68	71.36	396.87	-1,803
Net Cash Growth	100.84%	583.21%	178.40%	-82.02%	-	-
Net Cash Per Share	0.32	0.79	0.12	0.04	0.25	-1.18
Filing Date Shares Outstanding	1,710	1,708	1,705	1,705	1,705	1,533
Total Common Shares Outstanding	1,710	1,708	1,705	1,705	1,705	1,533
Working Capital	2,961	2,220	2,136	1,853	2,085	46.6
Book Value Per Share	4.88	4.48	4.06	3.78	3.72	2.33
Tangible Book Value	7,524	6,817	6,112	5,635	5,525	2,759
Tangible Book Value Per Share	4.40	3.99	3.58	3.30	3.24	1.80
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