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 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	721.05	902.99	543.28	403.3	520.97	638.93
Short-Term Investments	-	-	153.66	178.58	-	153
Trading Asset Securities	4.01	-	-	-	-	100
Cash & Short-Term Investments	725.06	902.99	696.94	581.87	520.97	891.93
Cash Growth	-10.30%	29.57%	19.78%	11.69%	-41.59%	-24.73%
Accounts Receivable	7,327	7,897	8,680	8,397	8,367	7,349
Other Receivables	591.88	583.68	705.67	1,007	1,148	891.81
Receivables	7,919	9,132	10,128	9,931	9,515	8,241
Inventory	481.28	379.89	308.55	357.23	229.1	1,053
Prepaid Expenses	-	20.33	26.32	15.12	6.75	7.28
Other Current Assets	1,382	650.1	652.31	673.62	570.77	455.76
Total Current Assets	10,507	11,085	11,813	11,558	10,843	10,649
Property, Plant & Equipment	267.15	264.39	241	301.78	335.53	382.74
Long-Term Investments	2,989	2,986	2,923	3,041	3,300	3,291
Goodwill	53.14	54.36	79.1	-	-	-
Other Intangible Assets	99.4	100.89	80.23	58.98	90.57	92.7
Long-Term Accounts Receivable	-	-	-	-	-	6.5
Long-Term Deferred Tax Assets	255.55	255.49	293.12	288.52	311.02	311.57
Long-Term Deferred Charges	5.95	6.44	7.89	5.2	17.03	22.96
Other Long-Term Assets	2,766	2,779	2,790	3,451	3,381	2,864
Total Assets	16,943	17,532	18,226	18,889	18,615	17,931
Accounts Payable	7,903	8,699	8,790	8,138	6,901	6,287
Accrued Expenses	28.25	73.2	39.66	62.05	24.7	91.82
Short-Term Debt	784.27	5,732	5,219	4,985	3,386	3,310
Current Portion of Long-Term Debt	1,129	1,133	266.07	110.67	1,297	20
Current Portion of Leases	-	9.96	8.21	7.2	12.45	17.37
Current Income Taxes Payable	12.42	3.49	3.72	0.01	4.54	0.97
Current Unearned Revenue	291.64	149.46	117.44	358.04	536.15	328.57
Other Current Liabilities	5,879	666.31	764.74	600.35	803.13	935.3
Total Current Liabilities	16,028	16,466	15,210	14,262	12,965	10,992
Long-Term Debt	-	370	1,146	1,128	1,200	2,805
Long-Term Leases	19.69	20	5.68	2.29	32.85	34.47
Long-Term Deferred Tax Liabilities	19.97	19.99	9.19	5.68	0.64	0.85
Other Long-Term Liabilities	397.42	53.46	10.19	-	-	40
Total Liabilities	16,465	16,930	16,381	15,398	14,198	13,872
Common Stock	1,802	1,802	1,813	1,813	1,813	1,487
Additional Paid-In Capital	3,085	3,085	3,100	3,099	3,071	2,325
Retained Earnings	-4,551	-4,425	-3,234	-1,655	-715.28	-24.24
Treasury Stock	-75.29	-75.29	-50.26	-	-	-
Comprehensive Income & Other	36.25	33.35	30.25	31.24	29.47	17.25
Total Common Equity	297.09	420.9	1,658	3,287	4,198	3,805
Minority Interest	180.64	181.18	187.48	203.85	219.3	253.75
Shareholders' Equity	477.73	602.09	1,846	3,491	4,417	4,059
Total Liabilities & Equity	16,943	17,532	18,226	18,889	18,615	17,931
Total Debt	1,933	7,265	6,645	6,233	5,928	6,187
Net Cash (Debt)	-1,208	-6,362	-5,948	-5,651	-5,407	-5,295
Net Cash Per Share	-0.68	-3.58	-3.32	-3.13	-3.44	-3.59
Filing Date Shares Outstanding	1,810	1,768	1,813	1,813	1,813	1,487
Total Common Shares Outstanding	1,810	1,768	1,813	1,813	1,813	1,487
Working Capital	-5,520	-5,381	-3,397	-2,703	-2,122	-343.29
Book Value Per Share	0.16	0.24	0.91	1.81	2.32	2.56
Tangible Book Value	144.55	265.66	1,499	3,228	4,107	3,713
Tangible Book Value Per Share	0.08	0.15	0.83	1.78	2.27	2.50
Buildings	-	200.27	219.24	358.39	354.89	375.21
Machinery	-	45.99	49.75	60.65	111.17	110.98
Construction In Progress	-	37.78	10.76	10.76	14.97	25.23

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