Western Securities Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,039	8,843	3,027	3,039	3,718	10,451
Short-Term Investments	22,429	18,730	15,732	19,665	13,947	11,224
Trading Asset Securities	55,630	28,399	59,248	57,255	51,383	27,955
Accounts Receivable	11,502	10,052	8,575	7,683	8,654	6,592
Other Receivables	320.95	365.22	1,580	203.56	112.48	147.94
Property, Plant & Equipment	1,017	1,081	984.29	896.26	910.92	253.14
Goodwill	6.24	6.24	6.24	6.24	6.24	6.24
Other Intangible Assets	204.26	225.73	232.98	206.16	185.94	172.15
Investments in Debt & Equity Securities	3,017	454.08	52.66	412.13	385.54	791.85
Other Current Assets	6,029	26,813	5,333	4,904	4,631	5,188
Long-Term Deferred Tax Assets	876.72	799.52	1,071	1,135	866.67	827.44
Other Long-Term Assets	6,513	44.81	41.34	32.88	43.64	35.65
Total Assets	110,583	95,964	96,221	95,813	85,118	63,863
Accounts Payable	-	435.37	74.5	11.85	-	-
Accrued Expenses	25,004	19,732	13,876	15,525	16,013	14,627
Short-Term Debt	28,975	19,113	30,268	34,433	32,517	15,336
Current Portion of Leases	-	147.57	132.25	-	-	-
Other Current Liabilities	5,644	5,528	1,858	463.35	969	979.04
Long-Term Debt	17,581	18,519	17,391	15,832	6,244	5,532
Long-Term Leases	271.82	200.12	297.36	514.91	599.11	-
Long-Term Unearned Revenue	136.61	140.94	91.15	57.72	37.24	30.63
Long-Term Deferred Tax Liabilities	-	-	191.21	147.5	171.31	123.51
Other Long-Term Liabilities	2,768	3,094	3,852	1,509	1,312	1,060
Total Liabilities	80,676	66,949	68,097	68,648	57,909	37,755
Common Stock	4,470	4,470	4,470	4,470	4,470	4,470
Additional Paid-In Capital	15,997	15,997	15,997	15,997	15,997	15,997
Retained Earnings	9,271	8,390	7,524	6,593	6,646	5,570
Comprehensive Income & Other	-5.77	-41.96	-45.84	-41.13	-10.96	-20.45
Total Common Equity	29,681	28,811	27,944	27,018	27,102	26,016
Minority Interest	225.7	203.76	178.94	146.81	107.2	91.85
Shareholders' Equity	29,907	29,015	28,123	27,165	27,209	26,108
Total Liabilities & Equity	110,583	95,964	96,221	95,813	85,118	63,863
Total Debt	46,828	37,979	48,089	50,780	39,360	20,869
Net Cash (Debt)	34,270	17,993	29,917	29,179	29,689	28,761
Net Cash Growth	-7.66%	-39.86%	2.53%	-1.71%	3.23%	36.84%
Net Cash Per Share	7.68	4.03	6.69	6.53	6.64	8.21
Filing Date Shares Outstanding	4,463	4,469	4,470	4,470	4,470	4,470
Total Common Shares Outstanding	4,463	4,469	4,470	4,470	4,470	4,470
Working Capital	39,031	48,355	47,541	42,499	33,097	30,749
Book Value Per Share	6.65	6.45	6.25	6.04	6.06	5.82
Tangible Book Value	29,471	28,579	27,705	26,806	26,910	25,838
Tangible Book Value Per Share	6.60	6.39	6.20	6.00	6.02	5.78

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