Blue Sail Medical 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	1,583	1,701	1,954	1,282	2,049	2,840
Short-Term Investments	-	-	233.97	-	-	495.79
Trading Asset Securities	695.81	934.03	315.21	307.84	476.17	645.23
Cash & Short-Term Investments	2,278	2,635	2,504	1,590	2,525	3,981
Cash Growth	-17.74%	5.24%	57.45%	-37.04%	-36.56%	-20.09%
Accounts Receivable	1,258	1,110	1,238	897.3	721.9	817.2
Other Receivables	62.08	62.66	71.08	78.05	114.22	72.12
Receivables	1,320	1,172	1,309	975.35	836.11	889.32
Inventory	1,109	1,127	1,222	1,055	916.76	1,125
Prepaid Expenses	-	-	0.27	-	3.34	1.47
Other Current Assets	372.06	572.44	222.73	149.58	141.15	345.06
Total Current Assets	5,080	5,506	5,258	3,770	4,423	6,341
Property, Plant & Equipment	5,082	5,184	5,421	5,432	5,487	5,478
Long-Term Investments	599.56	605.16	815.14	1,116	673.17	303.12
Goodwill	3,819	3,903	3,872	3,874	3,771	3,512
Other Intangible Assets	1,151	1,180	1,125	1,078	1,119	911.46
Long-Term Accounts Receivable	-	-	-	-	-	23.22
Long-Term Deferred Tax Assets	133.27	143.29	100.84	100.09	40.29	39.75
Long-Term Deferred Charges	217.97	208.18	188.24	221.31	158.11	170.3
Other Long-Term Assets	33.71	32.9	20.81	42.67	200.61	134.8
Total Assets	16,116	16,762	16,801	15,633	15,873	16,914
Accounts Payable	475.91	480.45	564.82	431.03	266.82	464.49
Accrued Expenses	115.05	165.48	186.2	158.2	162.24	157.32
Short-Term Debt	320.01	634.82	518.64	543.08	153.46	12.56
Current Portion of Long-Term Debt	3,720	3,909	573.92	1,379	201.08	776.55
Current Portion of Leases	-	-	7.91	107.71	14.17	13.65
Current Income Taxes Payable	179.54	253.54	49.15	15.95	16.88	10.46
Current Unearned Revenue	100.09	103.32	66.23	55.36	60.58	69.27
Other Current Liabilities	911.17	927.76	1,000	1,218	1,403	1,680
Total Current Liabilities	5,822	6,475	2,967	3,909	2,279	3,184
Long-Term Debt	654.72	617.34	3,525	1,811	2,823	2,897
Long-Term Leases	7.28	9.15	314.46	198.81	18.64	31.31
Long-Term Unearned Revenue	79.8	81.32	89.53	64.22	70.35	75.94
Pension & Post-Retirement Benefits	-	-	19.36	18.87	9.54	5.7
Long-Term Deferred Tax Liabilities	33.49	32.39	66.88	72.45	109.99	169.17
Other Long-Term Liabilities	110.5	86.6	18.11	10.58	9.95	14.22
Total Liabilities	6,708	7,301	7,000	6,085	5,321	6,378
Common Stock	1,007	1,007	1,007	1,007	1,007	1,007
Additional Paid-In Capital	4,780	4,776	4,913	5,822	5,802	5,758
Retained Earnings	1,084	1,083	1,907	2,353	3,324	3,696
Treasury Stock	-30	-30	-30	-	-	-
Comprehensive Income & Other	253.18	328.89	388.83	366.35	419.38	75.38
Total Common Equity	7,095	7,165	8,186	9,548	10,552	10,536
Minority Interest	2,314	2,296	1,614	-	-	0.01
Shareholders' Equity	9,409	9,461	9,801	9,548	10,552	10,536
Total Liabilities & Equity	16,116	16,762	16,801	15,633	15,873	16,914
Total Debt	4,702	5,171	4,940	4,040	3,211	3,731
Net Cash (Debt)	-2,424	-2,536	-2,436	-2,450	-685.39	249.71
Net Cash Per Share	-	-2.54	-2.41	-2.41	-0.68	0.24
Filing Date Shares Outstanding	-	930.55	1,002	1,007	1,007	1,007
Total Common Shares Outstanding	-	930.55	1,002	1,007	1,007	1,007
Working Capital	-742.1	-968.35	2,291	-139.09	2,144	3,157
Book Value Per Share	-	7.70	8.17	9.48	10.48	10.46
Tangible Book Value	2,124	2,082	3,190	4,596	5,661	6,113
Tangible Book Value Per Share	-	2.24	3.18	4.56	5.62	6.07
Buildings	-	-	2,266	2,361	2,341	1,875
Machinery	-	-	4,147	3,962	3,904	3,520
Construction In Progress	-	-	1,044	708.96	454.97	881.55

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