Jiangsu Zhongchao Holding 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	287.32	726.86	973.2	949.68	804.58	616.71
Cash & Short-Term Investments	287.32	726.86	973.2	949.68	804.58	616.71
Cash Growth	-63.41%	-25.31%	2.48%	18.03%	30.46%	-29.79%
Accounts Receivable	2,261	2,116	2,475	2,700	2,839	3,070
Other Receivables	105.56	101.85	36.34	41.61	74.32	79.61
Receivables	2,366	2,218	2,512	2,741	2,914	3,149
Inventory	1,140	737.34	662.63	569.61	551.25	555.68
Prepaid Expenses	-	-	-	-	0.01	-
Other Current Assets	139.1	89.44	73.37	64.06	69.61	81.83
Total Current Assets	3,932	3,772	4,221	4,325	4,339	4,404
Property, Plant & Equipment	598.27	603.9	516.91	428.75	485.06	538.15
Long-Term Investments	377.04	368.67	487.47	484.75	481.95	437.18
Goodwill	22.84	22.84	22.84	22.84	23.21	23.82
Other Intangible Assets	169.76	172.19	146.7	154.74	156.15	177.41
Long-Term Deferred Tax Assets	144.89	143.9	139.75	138.8	126.68	88.28
Long-Term Deferred Charges	61.28	53.01	56.47	42.37	25.86	27.45
Other Long-Term Assets	102.59	99.06	68.85	83.1	32.16	4.02
Total Assets	5,409	5,235	5,660	5,680	5,670	5,700
Accounts Payable	1,110	1,205	1,482	1,504	1,578	1,539
Accrued Expenses	15.5	52	83.07	95.07	83.37	87.7
Short-Term Debt	1,868	1,660	1,895	1,876	1,968	1,970
Current Portion of Long-Term Debt	93.5	68.47	19.71	-	-	-
Current Portion of Leases	-	5.59	6.59	5.68	5.19	3.94
Current Income Taxes Payable	30.22	0.49	2.85	7.55	12.75	8.52
Current Unearned Revenue	76.09	74.69	75.78	92.83	117.2	129.07
Other Current Liabilities	226.89	229.01	235.09	341.03	167.18	244.69
Total Current Liabilities	3,421	3,296	3,800	3,923	3,931	3,983
Long-Term Debt	57.3	20	35	6.44	-	-
Long-Term Leases	18.72	37.48	39.16	28.16	31.57	13.27
Long-Term Unearned Revenue	31.77	16.97	17.44	10.9	11.62	6.4
Long-Term Deferred Tax Liabilities	32.76	33.01	16.93	23.23	19.51	12.96
Other Long-Term Liabilities	11.34	-	-	-	272.79	272.79
Total Liabilities	3,573	3,403	3,909	3,991	4,267	4,288
Common Stock	1,369	1,369	1,369	1,369	1,268	1,268
Additional Paid-In Capital	191.01	188.39	157.45	74.2	-	-
Retained Earnings	216.12	220.86	259.58	323.42	72.38	122.01
Treasury Stock	-29.1	-29.1	-86.75	-143.31	-	-
Comprehensive Income & Other	57.75	50.57	17.15	28.17	29.2	-18.56
Total Common Equity	1,805	1,799	1,716	1,651	1,370	1,371
Minority Interest	31.89	32.42	34.5	37.2	33.86	40.11
Shareholders' Equity	1,836	1,832	1,751	1,689	1,403	1,412
Total Liabilities & Equity	5,409	5,235	5,660	5,680	5,670	5,700
Total Debt	2,038	1,792	1,996	1,916	2,004	1,987
Net Cash (Debt)	-1,751	-1,065	-1,022	-966.71	-1,200	-1,370
Net Cash Per Share	-1.32	-0.81	-0.80	-0.75	-0.95	-1.08
Filing Date Shares Outstanding	1,353	1,369	1,369	1,369	1,268	1,268
Total Common Shares Outstanding	1,353	1,369	1,369	1,369	1,268	1,268
Working Capital	511.64	475.78	420.45	402.07	407.84	420.67
Book Value Per Share	1.33	1.31	1.25	1.21	1.08	1.08
Tangible Book Value	1,612	1,604	1,547	1,474	1,190	1,170
Tangible Book Value Per Share	1.19	1.17	1.13	1.08	0.94	0.92
Buildings	-	682.89	670.79	576.46	586.56	648.61
Machinery	-	562.65	557.2	563.68	558.42	527.6
Construction In Progress	-	151.05	35.24	1.8	1.59	11.66

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