Lancy Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	801.19	555.94	439.23	443.92	477.98
Short-Term Investments	-	7.7	-	-	-
Trading Asset Securities	385.49	38.14	66.33	5.52	169.19
Cash & Short-Term Investments	1,187	601.78	505.56	449.45	647.17
Cash Growth	97.20%	19.03%	12.48%	-30.55%	26.15%
Accounts Receivable	149.08	171.74	219.97	191.94	254.66
Other Receivables	55.21	70.15	111.02	91.78	116.77
Receivables	204.29	241.89	330.99	283.72	371.42
Inventory	1,242	1,151	1,113	1,223	1,041
Prepaid Expenses	-	18.24	16.25	11.88	7.25
Other Current Assets	156.16	110.04	97.17	106.7	130.35
Total Current Assets	2,789	2,123	2,063	2,075	2,197
Property, Plant & Equipment	1,399	1,451	1,607	1,463	1,325
Long-Term Investments	1,269	1,366	1,613	1,687	1,716
Goodwill	1,919	1,781	1,819	1,134	811.2
Other Intangible Assets	403.27	392.18	397.76	389.2	371.79
Long-Term Deferred Tax Assets	173	215.71	237.34	196.77	171.88
Long-Term Deferred Charges	326.79	335.54	287.58	286.42	192.49
Other Long-Term Assets	295.31	306.13	338.43	338.26	392.11
Total Assets	8,575	7,971	8,363	7,570	7,177
Accounts Payable	252.85	249.71	293.28	251.02	256.42
Accrued Expenses	117.45	250.2	204.63	126.5	116.32
Short-Term Debt	1,113	1,315	872.41	886.41	958.85
Current Portion of Long-Term Debt	288.79	-	54.18	74.36	-
Current Portion of Leases	-	8.83	8.84	5.34	-
Current Income Taxes Payable	102.66	33.86	27.5	11.69	18.17
Current Unearned Revenue	1,055	1,089	1,160	752.52	527.16
Other Current Liabilities	343.26	290.92	245.6	364.94	484.98
Total Current Liabilities	3,273	3,238	2,866	2,473	2,362
Long-Term Debt	419.38	405.73	165	422.17	497.28
Long-Term Leases	736.13	767.57	893.82	756.94	654.23
Long-Term Unearned Revenue	1.05	2.31	3.57	4.83	6.09
Long-Term Deferred Tax Liabilities	109.79	84.12	85.12	87.53	89.28
Other Long-Term Liabilities	-	80.16	114.64	-	6.92
Total Liabilities	4,539	4,578	4,128	3,744	3,616
Common Stock	442.45	442.45	442.45	442.45	442.45
Additional Paid-In Capital	999.41	1,202	2,001	1,790	1,597
Retained Earnings	2,012	1,189	1,131	904.9	911.92
Comprehensive Income & Other	-52.5	-45.54	-19.15	-19.64	-31.73
Total Common Equity	3,401	2,787	3,555	3,117	2,919
Minority Interest	633.76	606.56	679.19	708.09	642.25
Shareholders' Equity	4,035	3,394	4,234	3,825	3,561
Total Liabilities & Equity	8,575	7,971	8,363	7,570	7,177
Total Debt	2,557	2,497	1,994	2,145	2,110
Net Cash (Debt)	-1,370	-1,895	-1,489	-1,696	-1,463
Net Cash Per Share	-3.10	-4.28	-3.36	-3.83	-3.31
Filing Date Shares Outstanding	442.38	442.45	442.45	442.45	442.45
Total Common Shares Outstanding	442.38	442.45	442.45	442.45	442.45
Working Capital	-484.15	-1,115	-803.42	-397.73	-164.7
Book Value Per Share	7.69	6.30	8.03	7.05	6.60
Tangible Book Value	1,079	613.85	1,338	1,594	1,736
Tangible Book Value Per Share	2.44	1.39	3.02	3.60	3.92
Buildings	-	584.87	602.31	613.07	553.47
Machinery	-	545.3	528.31	423.49	336.71
Construction In Progress	-	14.34	16.13	18.65	28.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.