Ciwen Media Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	131.82	198.04	177	369.73	240.8	382.97
Short-Term Investments	-	-	-	-	3.36	37.89
Trading Asset Securities	30.5	30	15.09	1	-	-
Cash & Short-Term Investments	162.32	228.04	192.1	370.74	244.16	420.86
Cash Growth	2.70%	18.71%	-48.19%	51.84%	-41.99%	30.41%
Accounts Receivable	387.32	305.45	200.58	238.73	232.85	564.09
Other Receivables	9.73	6.8	9.27	0.19	1.87	0.18
Receivables	397.05	312.24	209.85	238.93	234.73	564.26
Inventory	807.9	729.9	497.95	797.53	1,048	1,222
Prepaid Expenses	-	-	-	58.99	74.04	100.28
Other Current Assets	88.92	74.03	37.16	11.94	4.06	72.32
Total Current Assets	1,456	1,344	937.05	1,478	1,605	2,380
Property, Plant & Equipment	0.71	0.8	1.51	23.9	26.33	27.88
Long-Term Investments	207.08	175.22	224.33	22.71	28.79	7.29
Goodwill	-	-	-	-	-	17.11
Other Intangible Assets	0.13	0.16	-	-	0.03	0.09
Long-Term Deferred Tax Assets	84.88	81.35	86.54	97.95	98.75	33.31
Long-Term Deferred Charges	0.01	0.03	0.07	0.1	0.28	2.15
Other Long-Term Assets	15.5	16.7	18.18	-	-	-
Total Assets	1,764	1,618	1,268	1,623	1,759	2,468
Accounts Payable	167.86	215.5	107.37	177.93	99.26	228.49
Accrued Expenses	2.33	15.62	10.59	16.15	12.21	17.51
Short-Term Debt	203.06	244.24	35.61	60	169.15	349.08
Current Portion of Long-Term Debt	0.14	0.03	-	16.22	0.03	-
Current Portion of Leases	-	-	0.77	16.93	20.4	-
Current Income Taxes Payable	7.4	0.1	0.15	6.39	0.17	0.17
Current Unearned Revenue	206.65	85.01	76.15	332.46	463.96	558.04
Other Current Liabilities	45.54	34.63	35.64	22.59	30.03	80.3
Total Current Liabilities	632.97	595.11	266.29	648.68	795.2	1,234
Long-Term Debt	165.75	30	-	-	16.6	17.02
Long-Term Leases	-	-	-	-	16.93	55.59
Long-Term Unearned Revenue	7.93	0.33	-	-	-	-
Long-Term Deferred Tax Liabilities	3.19	3.19	3.61	3.7	1.71	1.8
Other Long-Term Liabilities	-	-	-	-	9.88	-
Total Liabilities	809.84	628.63	269.9	652.39	840.32	1,308
Common Stock	601.57	601.57	601.57	601.57	601.57	601.57
Additional Paid-In Capital	852.08	851.96	851.96	851.96	851.96	851.96
Retained Earnings	-487.8	-460.39	-490.74	-518.37	-567.6	-333.63
Comprehensive Income & Other	3.73	3.8	4.12	4.11	6.78	-0.42
Total Common Equity	962.36	996.94	966.92	939.27	892.7	1,119
Minority Interest	-7.71	-7.09	30.86	31.12	25.72	40.38
Shareholders' Equity	954.65	989.85	997.78	970.4	918.42	1,160
Total Liabilities & Equity	1,764	1,618	1,268	1,623	1,759	2,468
Total Debt	368.95	274.26	36.38	93.16	223.1	421.7
Net Cash (Debt)	-206.63	-46.23	155.71	277.58	21.05	-0.83
Net Cash Growth	-	-	-43.90%	1218.43%	-	-
Net Cash Per Share	-0.41	-0.09	0.34	0.56	0.04	-0.00
Filing Date Shares Outstanding	600.65	601.57	601.57	601.57	601.57	601.57
Total Common Shares Outstanding	600.65	601.57	601.57	601.57	601.57	601.57
Working Capital	823.22	749.1	670.76	829.43	809.36	1,146
Book Value Per Share	1.60	1.66	1.61	1.56	1.48	1.86
Tangible Book Value	962.23	996.78	966.92	939.27	892.67	1,102
Tangible Book Value Per Share	1.60	1.66	1.61	1.56	1.48	1.83
Buildings	-	-	-	44.04	44.04	44.04
Machinery	-	4.67	6.05	6.04	6.96	6.9

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