Modern Avenue Group 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	Dec '21 Dec 31, 2021
Cash & Equivalents	307.88	135.72	113.75	106.3	322.13
Trading Asset Securities	0.01	100.66	113.13	169.12	-
Cash & Short-Term Investments	307.89	236.38	226.88	275.42	322.13
Cash Growth	30.25%	4.19%	-17.62%	-14.50%	-45.34%
Accounts Receivable	98.02	34.53	56.76	71.91	85.54
Other Receivables	7.15	16.07	44.84	105.87	149.53
Receivables	105.18	50.6	101.6	177.78	235.07
Inventory	60.7	59.8	73	98.57	100.22
Prepaid Expenses	-	-	0	-	0.38
Other Current Assets	25.73	16.29	14.15	21.5	29.54
Total Current Assets	499.49	363.07	415.63	573.26	687.34
Property, Plant & Equipment	85.78	28.09	65.25	91.07	67.25
Long-Term Investments	33.27	33.32	50.14	58.68	91.55
Other Intangible Assets	13.08	4.57	4.65	5.32	6.07
Long-Term Deferred Tax Assets	3.04	-	-	-	22.62
Long-Term Deferred Charges	5.61	13.12	15.63	13.68	5.55
Other Long-Term Assets	27.63	43.69	45.37	48.31	53.12
Total Assets	667.91	485.87	596.66	790.33	933.48
Accounts Payable	21.07	15.15	17.48	24.48	36.89
Accrued Expenses	8.93	8.45	9.64	14.63	24.52
Short-Term Debt	54.82	-	-	-	-
Current Portion of Long-Term Debt	16.92	-	-	-	-
Current Portion of Leases	-	10.71	22.24	19.16	14.98
Current Income Taxes Payable	4.1	0.05	0.77	0.1	0.04
Current Unearned Revenue	34.17	42.84	47.82	65.74	68.17
Other Current Liabilities	75.7	48.87	52.79	68.63	63.1
Total Current Liabilities	215.71	126.07	150.73	192.74	207.71
Long-Term Leases	33.11	15.01	47.34	74.18	47.19
Long-Term Deferred Tax Liabilities	3.21	2.91	3.04	2.87	2.79
Other Long-Term Liabilities	0.93	5.86	23.22	13.72	102.23
Total Liabilities	252.97	149.85	224.33	283.51	359.92
Common Stock	712.52	712.52	712.52	712.52	712.52
Additional Paid-In Capital	1,456	1,331	1,311	1,311	1,311
Retained Earnings	-1,774	-1,495	-1,437	-1,348	-1,307
Comprehensive Income & Other	20.43	-212.7	-214.89	-169.47	-144.15
Total Common Equity	414.93	336.01	371.39	505.86	572.58
Minority Interest	-	-	0.94	0.96	0.99
Shareholders' Equity	414.93	336.01	372.33	506.82	573.57
Total Liabilities & Equity	667.91	485.87	596.66	790.33	933.48
Total Debt	104.85	25.73	69.58	93.34	62.17
Net Cash (Debt)	203.04	210.65	157.3	182.08	259.96
Net Cash Growth	-3.61%	33.92%	-13.61%	-29.96%	-55.89%
Net Cash Per Share	0.28	0.30	0.22	0.24	0.36
Filing Date Shares Outstanding	715.79	712.52	712.52	712.52	712.52
Total Common Shares Outstanding	715.79	712.52	712.52	712.52	712.52
Working Capital	283.78	237	264.9	380.52	479.63
Book Value Per Share	0.58	0.47	0.52	0.71	0.80
Tangible Book Value	401.85	331.44	366.74	500.54	566.51
Tangible Book Value Per Share	0.56	0.47	0.51	0.70	0.80
Machinery	-	13.26	19.06	19.38	18.89
Construction In Progress	-	1.25	0.56	6.21	3.81

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