Nanfang Ventilator 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	127.25	601.59	529.45	733.49	858.41	638.42
Short-Term Investments	-	-	91.81	-	-	-
Trading Asset Securities	415.92	-	-	-	-	-
Cash & Short-Term Investments	543.16	601.59	621.26	733.49	858.41	638.42
Cash Growth	70.02%	-3.17%	-15.30%	-14.55%	34.46%	50.67%
Accounts Receivable	541.08	526.18	496.34	418.38	279.27	218.95
Other Receivables	31.08	30.17	4.97	7.14	7.55	530.58
Receivables	572.17	556.35	501.32	425.52	286.82	749.53
Inventory	126.82	125.58	170.9	201.7	210.1	184.49
Prepaid Expenses	-	-	0.12	0.13	0.1	0.54
Other Current Assets	168.2	127.21	29.51	35.62	36.89	16.95
Total Current Assets	1,410	1,411	1,323	1,396	1,392	1,590
Property, Plant & Equipment	279.73	281.53	266.73	295.15	318.66	335.72
Long-Term Investments	179.4	229.97	267.87	102.1	1.43	1.64
Other Intangible Assets	78.83	79.05	80.95	83.75	86.26	88.55
Long-Term Accounts Receivable	-	-	35.02	18.59	4.3	-
Long-Term Deferred Tax Assets	55.64	55.73	54.22	45.5	40.88	45.53
Other Long-Term Assets	126.61	126.46	55.67	42.03	68.09	2.33
Total Assets	2,131	2,183	2,084	1,984	1,912	2,064
Accounts Payable	232.85	272.91	218.19	160.81	134.31	96.41
Accrued Expenses	6.65	13	28.25	22.92	18.48	26.21
Short-Term Debt	0.36	0.36	-	-	-	240
Current Portion of Long-Term Debt	0.67	0.67	-	-	-	-
Current Portion of Leases	-	-	0.57	0.52	-	-
Current Income Taxes Payable	1.94	8.81	0.01	0.01	1.55	1.47
Current Unearned Revenue	36.43	37.41	31.21	63.61	28.55	13.45
Other Current Liabilities	61.52	56.46	57.98	56.16	24.1	40.24
Total Current Liabilities	340.4	389.6	336.21	304.02	207	417.79
Long-Term Leases	2.08	2.25	-	0.36	-	-
Long-Term Unearned Revenue	1.12	1.15	0.95	2.07	2.97	3.81
Long-Term Deferred Tax Liabilities	0.42	0.44	0.09	0.13	-	-
Other Long-Term Liabilities	14.42	12.69	-	-	-	-
Total Liabilities	358.44	406.13	337.25	306.59	209.97	421.6
Common Stock	479.99	479.99	479.99	479.99	479.99	479.99
Additional Paid-In Capital	1,356	1,356	2,280	2,280	2,280	2,243
Retained Earnings	-63.82	-58.61	-1,003	-1,077	-1,056	-1,081
Total Common Equity	1,772	1,777	1,757	1,683	1,704	1,642
Minority Interest	-	-	-11.15	-6.01	-2.08	-0.35
Shareholders' Equity	1,772	1,777	1,746	1,677	1,702	1,642
Total Liabilities & Equity	2,131	2,183	2,084	1,984	1,912	2,064
Total Debt	3.1	3.28	0.57	0.88	-	240
Net Cash (Debt)	540.06	598.31	620.69	732.61	858.41	398.42
Net Cash Growth	69.27%	-3.60%	-15.28%	-14.66%	115.45%	445.02%
Net Cash Per Share	1.06	1.16	1.33	1.39	1.76	0.83
Filing Date Shares Outstanding	521.49	633.09	479.99	479.99	479.99	479.99
Total Common Shares Outstanding	521.49	633.09	479.99	479.99	479.99	479.99
Working Capital	1,070	1,021	986.9	1,092	1,185	1,172
Book Value Per Share	3.40	2.81	3.66	3.51	3.55	3.42
Tangible Book Value	1,693	1,698	1,677	1,599	1,618	1,554
Tangible Book Value Per Share	3.25	2.68	3.49	3.33	3.37	3.24
Buildings	-	-	302.58	302.79	272.07	272.07
Machinery	-	-	183.39	195.56	194.85	190.37
Construction In Progress	-	-	0.89	0.03	31.06	31.48

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