Western Securities 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,796	8,843	3,027	3,039	3,718
Short-Term Investments	29,291	18,730	15,732	19,665	13,947
Trading Asset Securities	30,376	48,807	59,248	57,255	51,383
Accounts Receivable	17,057	10,052	8,575	7,683	8,654
Other Receivables	1,289	365.22	1,580	203.56	112.48
Property, Plant & Equipment	1,167	1,081	984.29	896.26	910.92
Goodwill	1,274	6.24	6.24	6.24	6.24
Other Intangible Assets	279.21	225.73	232.98	206.16	185.94
Investments in Debt & Equity Securities	4,042	454.08	52.66	412.13	385.54
Other Current Assets	31,848	6,404	5,333	4,904	4,631
Long-Term Deferred Tax Assets	1,042	799.52	1,071	1,135	866.67
Other Long-Term Assets	45.45	44.81	41.34	32.88	43.64
Total Assets	121,661	95,964	96,221	95,813	85,118
Accounts Payable	315.1	435.37	74.5	11.85	-
Accrued Expenses	34,098	19,725	13,876	15,525	16,013
Short-Term Debt	27,434	19,113	30,268	34,433	32,517
Current Portion of Leases	131.57	147.57	132.25	-	-
Other Current Liabilities	4,341	5,528	1,858	463.35	969
Long-Term Debt	19,347	18,519	17,391	15,832	6,244
Long-Term Leases	191.3	200.12	297.36	514.91	599.11
Long-Term Unearned Revenue	141.4	140.94	91.15	57.72	37.24
Long-Term Deferred Tax Liabilities	-	-	191.21	147.5	171.31
Other Long-Term Liabilities	3,447	3,100	3,852	1,509	1,312
Total Liabilities	89,635	66,949	68,097	68,648	57,909
Common Stock	4,470	4,470	4,470	4,470	4,470
Additional Paid-In Capital	15,997	15,997	15,997	15,997	15,997
Retained Earnings	9,692	8,390	7,524	6,593	6,646
Comprehensive Income & Other	31.18	-41.96	-45.84	-41.13	-10.96
Total Common Equity	30,139	28,811	27,944	27,018	27,102
Minority Interest	1,887	203.76	178.94	146.81	107.2
Shareholders' Equity	32,026	29,015	28,123	27,165	27,209
Total Liabilities & Equity	121,661	95,964	96,221	95,813	85,118
Total Debt	47,104	37,979	48,089	50,780	39,360
Net Cash (Debt)	16,359	38,401	29,917	29,179	29,689
Net Cash Growth	-57.40%	28.36%	2.53%	-1.71%	3.23%
Net Cash Per Share	3.66	8.59	6.69	6.53	6.64
Filing Date Shares Outstanding	4,463	4,469	4,470	4,470	4,470
Total Common Shares Outstanding	4,463	4,469	4,470	4,470	4,470
Working Capital	47,318	48,362	47,541	42,499	33,097
Book Value Per Share	6.75	6.45	6.25	6.04	6.06
Tangible Book Value	28,586	28,579	27,705	26,806	26,910
Tangible Book Value Per Share	6.40	6.39	6.20	6.00	6.02

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