Palm Eco-Town Development 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	779.29	543.28	403.3	520.97	638.93	987.65
Short-Term Investments	153.66	153.66	178.58	-	153	1.08
Trading Asset Securities	7.4	-	-	-	100	196.21
Cash & Short-Term Investments	940.35	696.94	581.87	520.97	891.93	1,185
Cash Growth	40.41%	19.78%	11.69%	-41.59%	-24.73%	-8.95%
Accounts Receivable	8,510	8,680	8,397	8,367	7,349	7,378
Other Receivables	655.99	705.67	1,007	1,148	891.81	848.38
Receivables	9,166	10,128	9,931	9,515	8,241	8,358
Inventory	389.84	308.55	357.23	229.1	1,053	1,012
Prepaid Expenses	-	26.32	15.12	6.75	7.28	10.98
Other Current Assets	1,435	652.31	673.62	570.77	455.76	290.42
Total Current Assets	11,931	11,813	11,558	10,843	10,649	10,856
Property, Plant & Equipment	229.78	241	301.78	335.53	382.74	623.9
Long-Term Investments	2,996	2,923	3,041	3,300	3,291	3,310
Goodwill	77.99	79.1	-	-	-	-
Other Intangible Assets	100.71	80.23	58.98	90.57	92.7	87.62
Long-Term Accounts Receivable	-	-	-	-	6.5	-
Long-Term Deferred Tax Assets	296.15	293.12	288.52	311.02	311.57	247.99
Long-Term Deferred Charges	6.59	7.89	5.2	17.03	22.96	28.85
Other Long-Term Assets	2,804	2,790	3,451	3,381	2,864	834.08
Total Assets	18,442	18,226	18,889	18,615	17,931	16,454
Accounts Payable	8,963	8,790	8,138	6,901	6,287	4,882
Accrued Expenses	16.76	39.66	62.05	24.7	91.82	81.84
Short-Term Debt	5,693	4,839	4,985	3,386	3,310	3,344
Current Portion of Long-Term Debt	217.73	266.07	110.67	1,297	20	-
Current Portion of Leases	-	8.21	7.2	12.45	17.37	-
Current Income Taxes Payable	7.82	3.72	0.01	4.54	0.97	3.47
Current Unearned Revenue	115.58	117.44	358.04	536.15	328.57	597.59
Other Current Liabilities	1,158	1,146	600.35	803.13	935.3	1,665
Total Current Liabilities	16,172	15,210	14,262	12,965	10,992	10,573
Long-Term Debt	850.14	1,146	1,128	1,200	2,805	1,150
Long-Term Leases	12.71	5.68	2.29	32.85	34.47	-
Long-Term Deferred Tax Liabilities	9.18	9.19	5.68	0.64	0.85	-
Other Long-Term Liabilities	79.81	10.19	-	-	40	-
Total Liabilities	17,124	16,381	15,398	14,198	13,872	11,723
Common Stock	1,813	1,813	1,813	1,813	1,487	1,487
Additional Paid-In Capital	3,100	3,100	3,099	3,071	2,325	2,325
Retained Earnings	-3,749	-3,234	-1,655	-715.28	-24.24	724.98
Treasury Stock	-55.33	-50.26	-	-	-	-
Comprehensive Income & Other	31.58	30.25	31.24	29.47	17.25	23.55
Total Common Equity	1,140	1,658	3,287	4,198	3,805	4,561
Minority Interest	177.77	187.48	203.85	219.3	253.75	170.07
Shareholders' Equity	1,318	1,846	3,491	4,417	4,059	4,731
Total Liabilities & Equity	18,442	18,226	18,889	18,615	17,931	16,454
Total Debt	6,774	6,265	6,233	5,928	6,187	4,493
Net Cash (Debt)	-5,833	-5,568	-5,651	-5,407	-5,295	-3,308
Net Cash Per Share	-3.26	-3.10	-3.13	-3.44	-3.59	-2.24
Filing Date Shares Outstanding	1,679	1,813	1,813	1,813	1,487	1,487
Total Common Shares Outstanding	1,679	1,813	1,813	1,813	1,487	1,487
Working Capital	-4,241	-3,397	-2,703	-2,122	-343.29	282.81
Book Value Per Share	0.68	0.91	1.81	2.32	2.56	3.07
Tangible Book Value	961.33	1,499	3,228	4,107	3,713	4,473
Tangible Book Value Per Share	0.57	0.83	1.78	2.27	2.50	3.01
Buildings	-	219.24	358.39	354.89	375.21	666.7
Machinery	-	49.75	60.65	111.17	110.98	113.66
Construction In Progress	-	10.76	10.76	14.97	25.23	13.98

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