Chutian Dragon 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	316.46	632.87	576.77	659.97	462.42	1,025
Trading Asset Securities	249.67	100.37	100.13	-	251.24	-
Cash & Short-Term Investments	566.13	733.24	676.9	659.97	713.66	1,025
Cash Growth	0.03%	8.32%	2.56%	-7.52%	-30.40%	37.12%
Accounts Receivable	497.56	430.62	574.17	699.47	818.54	549.75
Other Receivables	33.79	32.26	54.52	59.42	58.94	13.22
Receivables	531.35	462.87	628.69	758.89	877.48	562.97
Inventory	211.77	158.12	199.02	212.2	314.78	186.36
Other Current Assets	78.16	74.36	63.69	57.66	33.76	4.79
Total Current Assets	1,387	1,429	1,568	1,689	1,940	1,780
Property, Plant & Equipment	412.88	416.07	362.08	295.31	211.06	184.17
Long-Term Investments	60.75	59.37	1	1	11.19	19
Other Intangible Assets	34.71	34.99	35.51	36.56	38.5	41.77
Long-Term Deferred Tax Assets	0.72	0.45	2.14	1.65	12.72	7.91
Long-Term Deferred Charges	18.36	18.62	23.01	0.15	0.43	1.09
Other Long-Term Assets	-	-	-	-	0.18	-
Total Assets	1,915	1,958	1,992	2,023	2,214	2,033
Accounts Payable	353.87	374.13	405.5	374.13	528.56	523.52
Accrued Expenses	19.96	33.94	45.74	56.67	53.7	37.67
Current Portion of Long-Term Debt	10.54	11.78	-	-	-	-
Current Portion of Leases	-	-	5.57	9.55	6.53	6.15
Current Income Taxes Payable	1.6	4.83	2.05	3.32	8.21	3.14
Current Unearned Revenue	44.5	37.34	68.62	62.56	73.07	52.69
Other Current Liabilities	3.93	2.64	4.51	4.59	2.92	3.42
Total Current Liabilities	434.4	464.67	531.99	510.82	672.99	626.58
Long-Term Debt	43.23	42.25	-	-	-	-
Long-Term Leases	0.9	1.64	2.21	4.14	8.43	10.43
Long-Term Unearned Revenue	4.32	4.9	7.16	9	11.42	13.88
Long-Term Deferred Tax Liabilities	0.16	0.5	0.01	0.02	8.76	8.06
Total Liabilities	483.01	513.97	541.38	523.98	701.6	658.95
Common Stock	461.14	461.14	461.14	461.14	461.14	461.14
Additional Paid-In Capital	752.79	752.79	752.79	752.79	752.79	752.79
Retained Earnings	225.67	237.95	244.63	293.17	305.78	167.75
Total Common Equity	1,440	1,452	1,459	1,507	1,520	1,382
Minority Interest	-7.78	-7.76	-7.9	-7.7	-7.56	-7.18
Shareholders' Equity	1,432	1,444	1,451	1,499	1,512	1,374
Total Liabilities & Equity	1,915	1,958	1,992	2,023	2,214	2,033
Total Debt	54.66	55.68	7.77	13.69	14.96	16.58
Net Cash (Debt)	511.47	677.56	669.12	646.28	698.7	1,009
Net Cash Growth	-7.80%	1.26%	3.53%	-7.50%	-30.74%	40.68%
Net Cash Per Share	1.48	1.90	1.55	1.38	1.52	2.25
Filing Date Shares Outstanding	409.3	1,298	461.14	461.14	461.14	461.14
Total Common Shares Outstanding	409.3	1,298	461.14	461.14	461.14	461.14
Working Capital	953.01	963.92	1,036	1,178	1,267	1,153
Book Value Per Share	3.52	1.12	3.16	3.27	3.30	3.00
Tangible Book Value	1,405	1,417	1,423	1,471	1,481	1,340
Tangible Book Value Per Share	3.43	1.09	3.09	3.19	3.21	2.91
Buildings	-	-	217.85	132.11	66.93	66.93
Machinery	-	-	261.89	260.62	238.35	259.18
Construction In Progress	-	-	89.12	78.64	62.01	11.7

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