Lancy 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	817.26	801.19	556.25	439.23	443.92	477.98
Short-Term Investments	-	-	7.7	-	-	-
Trading Asset Securities	279.7	385.49	38.14	66.33	5.52	169.19
Cash & Short-Term Investments	1,097	1,187	602.09	505.56	449.45	647.17
Cash Growth	60.70%	97.09%	19.09%	12.48%	-30.55%	26.15%
Accounts Receivable	144.11	149.08	172.83	219.97	191.94	254.66
Other Receivables	73.68	55.21	91.56	111.02	91.78	116.77
Receivables	217.79	204.29	264.39	330.99	283.72	371.42
Inventory	1,171	1,242	1,158	1,113	1,223	1,041
Prepaid Expenses	-	13.78	18.82	16.25	11.88	7.25
Other Current Assets	183.54	142.38	110.76	97.17	106.7	130.35
Total Current Assets	2,669	2,789	2,154	2,063	2,075	2,197
Property, Plant & Equipment	1,285	1,399	1,482	1,607	1,463	1,325
Long-Term Investments	1,247	1,269	1,366	1,613	1,687	1,716
Goodwill	1,958	1,919	1,897	1,819	1,134	811.2
Other Intangible Assets	371.34	403.27	392.23	397.76	389.2	371.79
Long-Term Deferred Tax Assets	146.65	173	218.22	237.34	196.77	171.88
Long-Term Deferred Charges	315.31	326.79	339.29	287.58	286.42	192.49
Other Long-Term Assets	439.32	295.31	306.18	338.43	338.26	392.11
Total Assets	8,432	8,575	8,155	8,363	7,570	7,177
Accounts Payable	226.02	252.85	268.31	293.28	251.02	256.42
Accrued Expenses	117.33	136.75	111.31	204.63	126.5	116.32
Short-Term Debt	1,260	1,113	1,315	872.41	886.41	958.85
Current Portion of Long-Term Debt	57.64	285.58	-	54.18	74.36	-
Current Portion of Leases	-	3.21	8.83	8.84	5.34	-
Current Income Taxes Payable	81.8	66.98	33.86	27.5	11.69	18.17
Current Unearned Revenue	1,080	1,058	1,144	1,160	752.52	527.16
Other Current Liabilities	400.97	357.16	443.22	245.6	364.94	484.98
Total Current Liabilities	3,224	3,273	3,325	2,866	2,473	2,362
Long-Term Debt	438.32	419.38	405.73	165	422.17	497.28
Long-Term Leases	783.89	736.13	790.29	893.82	756.94	654.23
Long-Term Unearned Revenue	0.74	1.05	2.31	3.57	4.83	6.09
Long-Term Deferred Tax Liabilities	88.4	109.79	84.12	85.12	87.53	89.28
Other Long-Term Liabilities	-	-	92.06	114.64	-	6.92
Total Liabilities	4,535	4,539	4,699	4,128	3,744	3,616
Common Stock	442.45	442.45	442.45	442.45	442.45	442.45
Additional Paid-In Capital	910.34	999.41	1,279	2,001	1,790	1,597
Retained Earnings	2,061	2,012	1,190	1,131	904.9	911.92
Comprehensive Income & Other	-71.43	-52.5	-45.54	-19.15	-19.64	-31.73
Total Common Equity	3,342	3,401	2,866	3,555	3,117	2,919
Minority Interest	554.11	633.76	589.79	679.19	708.09	642.25
Shareholders' Equity	3,897	4,035	3,456	4,234	3,825	3,561
Total Liabilities & Equity	8,432	8,575	8,155	8,363	7,570	7,177
Total Debt	2,540	2,557	2,520	1,994	2,145	2,110
Net Cash (Debt)	-1,443	-1,370	-1,918	-1,489	-1,696	-1,463
Net Cash Per Share	-3.26	-3.10	-4.33	-3.36	-3.83	-3.31
Filing Date Shares Outstanding	442.51	442.45	442.45	442.45	442.45	442.45
Total Common Shares Outstanding	442.51	442.45	442.45	442.45	442.45	442.45
Working Capital	-554.71	-484.15	-1,171	-803.42	-397.73	-164.7
Book Value Per Share	7.55	7.69	6.48	8.03	7.05	6.60
Tangible Book Value	1,013	1,079	577.04	1,338	1,594	1,736
Tangible Book Value Per Share	2.29	2.44	1.30	3.02	3.60	3.92
Buildings	-	611.36	584.87	602.31	613.07	553.47
Machinery	-	575.88	559.68	528.31	423.49	336.71
Construction In Progress	-	4.7	14.34	16.13	18.65	28.04

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