Ciwen Media 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	78.59	146.19	198.04	177	369.73	240.8
Short-Term Investments	-	-	-	-	-	3.36
Trading Asset Securities	123.31	85.67	30	15.09	1	-
Cash & Short-Term Investments	201.89	231.87	228.04	192.1	370.74	244.16
Cash Growth	24.38%	1.68%	18.71%	-48.19%	51.84%	-41.99%
Accounts Receivable	356.53	439.57	305.45	200.58	238.73	232.85
Other Receivables	33.52	28.64	6.8	9.27	0.19	1.87
Receivables	390.05	468.21	312.24	209.85	238.93	234.73
Inventory	650.98	627.14	729.9	497.95	797.53	1,048
Prepaid Expenses	-	-	-	-	58.99	74.04
Other Current Assets	74	70.11	74.03	37.16	11.94	4.06
Total Current Assets	1,317	1,397	1,344	937.05	1,478	1,605
Property, Plant & Equipment	0.45	0.67	0.8	1.51	23.9	26.33
Long-Term Investments	58.31	216.73	175.22	224.33	22.71	28.79
Other Intangible Assets	0.1	0.12	0.16	-	-	0.03
Long-Term Deferred Tax Assets	91.68	86.25	81.35	86.54	97.95	98.75
Long-Term Deferred Charges	1.29	-	0.03	0.07	0.1	0.28
Other Long-Term Assets	13.8	14.83	16.7	18.18	-	-
Total Assets	1,483	1,716	1,618	1,268	1,623	1,759

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	131.5	170.06	215.5	107.37	177.93	99.26
Accrued Expenses	1.34	22.33	20.68	10.59	16.15	12.21
Short-Term Debt	44.98	138.77	244.24	35.61	60	169.15
Current Portion of Long-Term Debt	71.97	32.58	0.03	-	16.22	0.03
Current Portion of Leases	-	-	-	0.77	16.93	20.4
Current Income Taxes Payable	8.48	0.26	0.1	0.15	6.39	0.17
Current Unearned Revenue	175.08	169.56	85.01	76.15	332.46	463.96
Other Current Liabilities	46.73	30.84	29.57	35.64	22.59	30.03
Total Current Liabilities	480.09	564.41	595.11	266.29	648.68	795.2
Long-Term Debt	71.86	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	9.79	10.73	3.19	3.61	3.7	1.71
Other Long-Term Liabilities	-	-	-	-	-	9.88
Total Liabilities	569.67	745.47	628.63	269.9	652.39	840.32

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	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	-525.89	-478.47	-460.39	-490.74	-518.37	-567.6
Comprehensive Income & Other	3.83	3.29	3.8	4.12	4.11	6.78
Total Common Equity	921.59	968.47	996.94	966.92	939.27	892.7
Minority Interest	-8.72	2	-7.09	30.86	31.12	25.72
Shareholders' Equity	912.87	970.47	989.85	997.78	970.4	918.42
Total Liabilities & Equity	1,483	1,716	1,618	1,268	1,623	1,759

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	188.81	333.76	274.26	36.38	93.16	223.1
Net Cash (Debt)	13.08	-101.89	-46.23	155.71	277.58	21.05
Net Cash Growth	-	-	-	-43.90%	1218.43%	-
Net Cash Per Share	0.03	-0.23	-0.09	0.34	0.56	0.04
Filing Date Shares Outstanding	471.71	473.68	601.57	601.57	601.57	601.57
Total Common Shares Outstanding	471.71	473.68	601.57	601.57	601.57	601.57
Working Capital	836.82	832.93	749.1	670.76	829.43	809.36
Book Value Per Share	1.95	2.04	1.66	1.61	1.56	1.48
Tangible Book Value	921.49	968.34	996.78	966.92	939.27	892.67
Tangible Book Value Per Share	1.95	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