Mingchen Health 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	180.67	237.64	172.83	169.04	135.93	250.9
Short-Term Investments	-	-	-	-	3.49	-
Trading Asset Securities	167.93	112.37	58.15	-	-	11.96
Cash & Short-Term Investments	348.6	350.02	230.98	169.04	139.42	262.85
Cash Growth	115.14%	51.54%	36.65%	21.24%	-46.96%	-16.18%
Accounts Receivable	195.8	214.64	241.72	334.64	161.24	211.59
Other Receivables	8.62	6.68	5.39	7.45	-	7.74
Receivables	204.42	221.32	247.11	342.09	161.24	219.32
Inventory	75.61	72.25	79.52	208.35	191.29	133.01
Other Current Assets	98.22	89.69	133.24	138.11	146.93	56.65
Total Current Assets	726.86	733.27	690.85	857.58	638.87	671.84
Property, Plant & Equipment	76.86	79.38	65.64	97.72	146.87	82.3
Long-Term Investments	-	-	0.04	-	-	65.7
Goodwill	103.31	103.31	103.31	103.31	126.84	117.66
Other Intangible Assets	255.73	259.12	151.48	150.42	274.03	8.05
Long-Term Deferred Tax Assets	84.86	78.82	76.86	47.88	30.43	15.64
Long-Term Deferred Charges	25.57	27.93	11.41	12.42	16.58	3.73
Other Long-Term Assets	2.88	3.04	3.76	4.71	9.68	5.42
Total Assets	1,276	1,285	1,103	1,274	1,243	970.35
Accounts Payable	216.37	205.02	127.07	195.21	183.18	77.17
Accrued Expenses	17.11	38.31	52.41	55.96	55.99	47.41
Short-Term Debt	80.07	80.07	-	-	-	-
Current Portion of Long-Term Debt	11.5	9.64	-	-	-	-
Current Portion of Leases	-	-	9.66	26.94	28.72	5.5
Current Income Taxes Payable	10	7.27	8.04	3.95	2.78	0.88
Current Unearned Revenue	44.45	49.89	27.6	115.95	96.94	44.01
Other Current Liabilities	40.06	42.81	41.12	38.68	75.5	18.26
Total Current Liabilities	419.56	433	265.9	436.7	443.11	193.23
Long-Term Leases	17.55	21.26	13.31	26.16	59.1	18.91
Long-Term Deferred Tax Liabilities	22.93	22.86	0.01	-	-	0.4
Other Long-Term Liabilities	0.93	0.92	0.8	1.29	1.58	-
Total Liabilities	460.97	478.04	280.01	464.15	503.79	212.54
Common Stock	266.53	266.53	266.53	222.17	170.99	122.14
Additional Paid-In Capital	178.84	178.84	178.84	223.2	274.38	323.23
Retained Earnings	409.4	400.23	385.22	371.77	301.41	312.44
Treasury Stock	-38.25	-38.25	-7.25	-7.25	-7.25	-
Total Common Equity	816.51	807.34	823.34	809.89	739.52	757.81
Minority Interest	-1.43	-0.51	-0	-	-	-
Shareholders' Equity	815.09	806.83	823.34	809.89	739.52	757.81
Total Liabilities & Equity	1,276	1,285	1,103	1,274	1,243	970.35
Total Debt	109.12	110.97	22.96	53.1	87.81	24.41
Net Cash (Debt)	239.48	239.05	208.02	115.94	51.61	238.44
Net Cash Growth	73.20%	14.92%	79.42%	124.66%	-78.36%	-13.15%
Net Cash Per Share	0.90	0.90	0.80	0.43	0.19	0.89
Filing Date Shares Outstanding	266.62	266.41	266.02	266	266.14	266.74
Total Common Shares Outstanding	266.62	266.41	266.02	266	266.14	266.74
Working Capital	307.29	300.28	424.95	420.88	195.77	478.62
Book Value Per Share	3.06	3.03	3.10	3.04	2.78	2.84
Tangible Book Value	457.48	444.92	568.55	556.16	338.65	632.1
Tangible Book Value Per Share	1.72	1.67	2.14	2.09	1.27	2.37
Buildings	-	-	83.86	82.54	79.03	78.34
Machinery	-	-	80.21	82.09	75.42	66.4
Construction In Progress	-	-	-	-	8.65	7.46

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