Jiangsu Azure 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	Jan '22 Jan 1, 2022
Cash & Equivalents	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	80.75	463.5	820.18	618.22	229.5
Cash & Short-Term Investments	1,458	1,466	2,079	2,077	891.56
Cash Growth	-0.57%	-29.45%	0.07%	132.97%	107.00%
Accounts Receivable	2,679	2,368	1,650	1,375	1,871
Other Receivables	53.22	7.8	7.29	13.06	11.39
Receivables	2,733	2,375	1,657	1,388	1,882
Inventory	1,935	1,518	1,552	1,870	1,533
Other Current Assets	277.93	233.13	222.62	287.5	324.8
Total Current Assets	6,403	5,593	5,511	5,623	4,632
Property, Plant & Equipment	5,174	4,749	4,396	4,157	3,323
Long-Term Investments	34.61	33.87	132.93	595.56	837.91
Goodwill	597.38	597.38	597.38	597.38	597.38
Other Intangible Assets	228.08	213.89	219.13	224.44	211.97
Long-Term Deferred Tax Assets	94.26	113.72	132.9	85.87	59.93
Long-Term Deferred Charges	0.29	1.04	2.79	2.52	2.59
Other Long-Term Assets	131.87	16.48	18.2	38.45	57.93
Total Assets	12,663	11,319	11,011	11,324	9,722
Accounts Payable	3,755	2,152	1,443	2,057	2,295
Accrued Expenses	97.43	80.94	79.51	64.32	62.87
Short-Term Debt	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	115.8	61.94	44.99	53.94	48.37
Current Unearned Revenue	24.44	27.24	72.56	25.42	42.19
Other Current Liabilities	92.5	24.53	351.38	57.57	224.03
Total Current Liabilities	4,183	3,458	3,658	3,538	4,585
Long-Term Debt	-	157.12	339.36	398.44	781.25
Long-Term Leases	2.63	-	1.29	2.44	0.97
Long-Term Unearned Revenue	457.28	416.18	218.05	182.8	7.97
Long-Term Deferred Tax Liabilities	19.99	30	10.1	7.59	8.01
Total Liabilities	4,663	4,061	4,227	4,129	5,383
Common Stock	1,154	1,152	1,152	1,152	1,036
Additional Paid-In Capital	2,950	2,936	2,935	2,928	571.32
Retained Earnings	3,474	2,838	2,367	2,267	1,961
Comprehensive Income & Other	65.4	-2.27	-2.61	-	-0.01
Total Common Equity	7,643	6,924	6,451	6,346	3,568
Minority Interest	357.61	334.31	332.24	848.8	771
Shareholders' Equity	8,000	7,258	6,784	7,195	4,339
Total Liabilities & Equity	12,663	11,319	11,011	11,324	9,722
Total Debt	100.67	1,268	2,007	1,680	2,695
Net Cash (Debt)	1,357	198.68	71.36	396.87	-1,803
Net Cash Growth	583.21%	178.40%	-82.02%	-	-
Net Cash Per Share	1.18	0.17	0.06	0.36	-1.75
Filing Date Shares Outstanding	1,154	1,152	1,152	1,152	1,036
Total Common Shares Outstanding	1,154	1,152	1,152	1,152	1,036
Working Capital	2,220	2,136	1,853	2,085	46.6
Book Value Per Share	6.62	6.01	5.60	5.51	3.44
Tangible Book Value	6,817	6,112	5,635	5,525	2,759
Tangible Book Value Per Share	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

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