Ciwen Media 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	113.84	146.19	198.04	177	369.73	240.8
Short-Term Investments	-	-	-	-	-	3.36
Trading Asset Securities	79.57	85.67	30	15.09	1	-
Cash & Short-Term Investments	193.4	231.87	228.04	192.1	370.74	244.16
Cash Growth	13.54%	1.68%	18.71%	-48.19%	51.84%	-41.99%
Accounts Receivable	403.1	439.57	305.45	200.58	238.73	232.85
Other Receivables	28.53	28.64	6.8	9.27	0.19	1.87
Receivables	431.64	468.21	312.24	209.85	238.93	234.73
Inventory	629.59	627.14	729.9	497.95	797.53	1,048
Prepaid Expenses	-	-	-	-	58.99	74.04
Other Current Assets	80.87	70.11	74.03	37.16	11.94	4.06
Total Current Assets	1,335	1,397	1,344	937.05	1,478	1,605
Property, Plant & Equipment	0.64	0.67	0.8	1.51	23.9	26.33
Long-Term Investments	162.44	216.73	175.22	224.33	22.71	28.79
Other Intangible Assets	0.12	0.12	0.16	-	-	0.03
Long-Term Deferred Tax Assets	84.11	86.25	81.35	86.54	97.95	98.75
Long-Term Deferred Charges	-	-	0.03	0.07	0.1	0.28
Other Long-Term Assets	14.48	14.83	16.7	18.18	-	-
Total Assets	1,597	1,716	1,618	1,268	1,623	1,759
Accounts Payable	146.3	170.06	215.5	107.37	177.93	99.26
Accrued Expenses	1.35	12.28	15.62	10.59	16.15	12.21
Short-Term Debt	57.95	138.77	244.24	35.61	60	169.15
Current Portion of Long-Term Debt	32.36	32.58	0.03	-	16.22	0.03
Current Portion of Leases	-	-	-	0.77	16.93	20.4
Current Income Taxes Payable	8.15	0.26	0.1	0.15	6.39	0.17
Current Unearned Revenue	171.1	169.56	85.01	76.15	332.46	463.96
Other Current Liabilities	42.49	40.89	34.63	35.64	22.59	30.03
Total Current Liabilities	459.71	564.41	595.11	266.29	648.68	795.2
Long-Term Debt	162.21	162.41	30	-	-	16.6
Long-Term Leases	-	-	-	-	-	16.93
Long-Term Unearned Revenue	7.93	7.93	0.33	-	-	-
Long-Term Deferred Tax Liabilities	9.94	10.73	3.19	3.61	3.7	1.71
Other Long-Term Liabilities	-	-	-	-	-	9.88
Total Liabilities	639.79	745.47	628.63	269.9	652.39	840.32
Common Stock	600.3	600.3	601.57	601.57	601.57	601.57
Additional Paid-In Capital	843.35	843.35	851.96	851.96	851.96	851.96
Retained Earnings	-491.6	-478.47	-460.39	-490.74	-518.37	-567.6
Comprehensive Income & Other	3.54	3.29	3.8	4.12	4.11	6.78
Total Common Equity	955.59	968.47	996.94	966.92	939.27	892.7
Minority Interest	1.91	2	-7.09	30.86	31.12	25.72
Shareholders' Equity	957.5	970.47	989.85	997.78	970.4	918.42
Total Liabilities & Equity	1,597	1,716	1,618	1,268	1,623	1,759
Total Debt	252.52	333.76	274.26	36.38	93.16	223.1
Net Cash (Debt)	-59.12	-101.89	-46.23	155.71	277.58	21.05
Net Cash Growth	-	-	-	-43.90%	1218.43%	-
Net Cash Per Share	-0.13	-0.23	-0.09	0.34	0.56	0.04
Filing Date Shares Outstanding	474.11	473.68	601.57	601.57	601.57	601.57
Total Common Shares Outstanding	474.11	473.68	601.57	601.57	601.57	601.57
Working Capital	875.78	832.93	749.1	670.76	829.43	809.36
Book Value Per Share	2.02	2.04	1.66	1.61	1.56	1.48
Tangible Book Value	955.47	968.34	996.78	966.92	939.27	892.67
Tangible Book Value Per Share	2.02	2.04	1.66	1.61	1.56	1.48
Buildings	-	-	-	-	44.04	44.04
Machinery	-	4.69	4.67	6.05	6.04	6.96

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