Ronglian Group 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	466.39	669.26	483.23	664.35	556.85	690.32
Trading Asset Securities	69.34	84.09	0.01	0.01	0.01	0.01
Cash & Short-Term Investments	535.73	753.35	483.24	664.35	556.86	690.33
Cash Growth	28.93%	55.90%	-27.26%	19.30%	-19.34%	25.67%
Accounts Receivable	840.98	897.66	869.81	843.28	1,296	1,215
Other Receivables	26.05	29.72	53.56	60.56	96.06	67.04
Receivables	867.04	927.38	923.37	903.84	1,392	1,282
Inventory	603.43	309.19	296.98	471.88	417.91	535.06
Other Current Assets	98.63	70.84	49.92	26.97	158.72	122.54
Total Current Assets	2,105	2,061	1,754	2,067	2,526	2,630
Property, Plant & Equipment	170.85	173.93	185.56	248.3	256.29	275.8
Long-Term Investments	52.86	52.87	57.11	29.91	88.58	96.49
Other Intangible Assets	0.02	0.02	0.22	0.91	20.3	28.32
Long-Term Deferred Tax Assets	35.82	35.82	36.08	36.73	52.35	51.21
Long-Term Deferred Charges	0.05	0.06	0.12	0.59	1.43	6.49
Other Long-Term Assets	237.03	237.14	239.94	236.15	243.52	255.67
Total Assets	2,601	2,561	2,273	2,620	3,188	3,344
Accounts Payable	712.15	702.01	612.04	878.36	954.15	1,031
Accrued Expenses	26.03	108.83	85.75	72.38	152.17	122.24
Short-Term Debt	417.86	408.28	228	315.76	370.01	353.02
Current Portion of Long-Term Debt	0.96	-	-	-	-	-
Current Portion of Leases	-	0.71	2.65	7.37	8.94	8.75
Current Income Taxes Payable	56.73	0.03	-	0.81	1.35	2.26
Current Unearned Revenue	161.03	106.98	131.18	122.75	140.11	244.51
Other Current Liabilities	25.26	31.81	30.03	65.78	36.04	69.06
Total Current Liabilities	1,400	1,359	1,090	1,463	1,663	1,830
Long-Term Leases	0.15	0.63	1.39	7.53	5.22	8.91
Long-Term Unearned Revenue	-	-	-	2.02	2.1	8.77
Long-Term Deferred Tax Liabilities	13.08	13.14	11.89	11.07	6.01	6.44
Total Liabilities	1,413	1,372	1,103	1,484	1,676	1,855
Common Stock	661.58	661.58	661.58	661.58	664.38	667.25
Additional Paid-In Capital	2,900	2,900	2,900	2,900	2,908	2,923
Retained Earnings	-2,263	-2,264	-2,274	-2,302	-1,952	-1,964
Treasury Stock	-	-	-	-	-9.04	-18.31
Comprehensive Income & Other	-110.52	-109.72	-118.14	-123.87	-99.08	-118.49
Total Common Equity	1,188	1,188	1,170	1,136	1,512	1,490
Minority Interest	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03
Shareholders' Equity	1,188	1,188	1,170	1,136	1,512	1,489
Total Liabilities & Equity	2,601	2,561	2,273	2,620	3,188	3,344
Total Debt	418.96	409.61	232.04	330.65	384.17	370.68
Net Cash (Debt)	116.76	343.74	251.2	333.7	172.69	319.65
Net Cash Growth	-55.88%	36.84%	-24.72%	93.24%	-45.98%	-17.64%
Net Cash Per Share	0.18	0.52	0.38	0.50	0.26	0.48
Filing Date Shares Outstanding	679.77	661.58	661.58	661.58	664.38	667.25
Total Common Shares Outstanding	679.77	661.58	661.58	661.58	664.38	667.25
Working Capital	704.8	702.11	663.87	603.84	862.76	799.64
Book Value Per Share	1.75	1.80	1.77	1.72	2.28	2.23
Tangible Book Value	1,188	1,188	1,169	1,135	1,492	1,461
Tangible Book Value Per Share	1.75	1.80	1.77	1.72	2.25	2.19
Buildings	-	242.46	242.46	299.27	299.27	300.61
Machinery	-	50.23	49.9	51.47	54.06	53.98

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