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	Jun '26 Jun 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	617.58	643.27	766.18	664.72	494.64	547.17
Short-Term Investments	1,254	734.05	236.78	593.65	964.21	114.9
Trading Asset Securities	0.34	80.75	463.5	820.18	618.22	229.5
Cash & Short-Term Investments	1,872	1,458	1,466	2,079	2,077	891.56
Cash Growth	62.46%	-0.57%	-29.45%	0.07%	132.97%	107.00%
Accounts Receivable	2,955	2,679	2,368	1,650	1,375	1,871
Other Receivables	34.07	53.22	7.8	7.29	13.06	11.39
Receivables	2,989	2,733	2,375	1,657	1,388	1,882
Inventory	2,328	1,935	1,518	1,552	1,870	1,533
Other Current Assets	456.95	277.93	233.13	222.62	287.5	324.8
Total Current Assets	7,646	6,403	5,593	5,511	5,623	4,632
Property, Plant & Equipment	5,425	5,174	4,749	4,396	4,157	3,323
Long-Term Investments	36.58	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	225.2	228.08	213.89	219.13	224.44	211.97
Long-Term Deferred Tax Assets	88.24	94.26	113.72	132.9	85.87	59.93
Long-Term Deferred Charges	0.15	0.29	1.04	2.79	2.52	2.59
Other Long-Term Assets	129.81	131.87	16.48	18.2	38.45	57.93
Total Assets	14,149	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	Jun '26 Jun 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	4,660	3,755	2,152	1,443	2,057	2,295
Accrued Expenses	62.44	97.43	80.94	79.51	64.32	62.87
Short-Term Debt	177.07	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	115.99	115.8	61.94	44.99	53.94	48.37
Current Unearned Revenue	227.81	24.44	27.24	72.56	25.42	42.19
Other Current Liabilities	81.89	92.5	24.53	351.38	57.57	224.03
Total Current Liabilities	5,326	4,183	3,458	3,658	3,538	4,585
Long-Term Debt	26.3	-	157.12	339.36	398.44	781.25
Long-Term Leases	3.37	2.63	-	1.29	2.44	0.97
Long-Term Unearned Revenue	457.69	457.28	416.18	218.05	182.8	7.97
Long-Term Deferred Tax Liabilities	16.09	19.99	30	10.1	7.59	8.01
Total Liabilities	5,829	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	Jun '26 Jun 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	2,384	2,950	2,936	2,935	2,928	571.32
Retained Earnings	3,869	3,474	2,838	2,367	2,267	1,961
Comprehensive Income & Other	-4.54	65.4	-2.27	-2.61	-	-0.01
Total Common Equity	7,959	7,643	6,924	6,451	6,346	3,568
Minority Interest	360.65	357.61	334.31	332.24	848.8	771
Shareholders' Equity	8,320	8,000	7,258	6,784	7,195	4,339
Total Liabilities & Equity	14,149	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	Jun '26 Jun 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	206.73	100.67	1,268	2,007	1,680	2,695
Net Cash (Debt)	1,665	1,357	198.68	71.36	396.87	-1,803
Net Cash Growth	365.57%	583.21%	178.40%	-82.02%	-	-
Net Cash Per Share	0.84	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	2,321	2,220	2,136	1,853	2,085	46.6
Book Value Per Share	4.65	4.48	4.06	3.78	3.72	2.33
Tangible Book Value	7,136	6,817	6,112	5,635	5,525	2,759
Tangible Book Value Per Share	4.17	3.99	3.58	3.30	3.24	1.80
Land	221.07	228.8	-	-	-	-
Buildings	1,725	1,724	1,163	981.34	703.07	643.88
Machinery	5,284	5,173	4,092	3,632	3,002	2,859
Construction In Progress	798.42	392.29	1,497	1,461	1,844	935.83