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