Nanfang Ventilator Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	173.42	601.59	529.45	733.49	858.41	638.42
Short-Term Investments	233.92	84.71	91.81	-	-	-
Trading Asset Securities	382.99	-	-	-	-	-
Cash & Short-Term Investments	790.32	686.29	621.26	733.49	858.41	638.42
Cash Growth	101.55%	10.47%	-15.30%	-14.55%	34.46%	50.67%
Accounts Receivable	579.81	526.18	496.34	418.38	279.27	218.95
Other Receivables	28.89	30.17	4.97	7.14	7.55	530.58
Receivables	608.7	556.35	501.32	425.52	286.82	749.53
Inventory	116.59	125.58	170.9	201.7	210.1	184.49
Prepaid Expenses	0.13	0.02	0.12	0.13	0.1	0.54
Other Current Assets	44.32	42.49	29.51	35.62	36.89	16.95
Total Current Assets	1,560	1,411	1,323	1,396	1,392	1,590
Property, Plant & Equipment	274.96	281.53	266.73	295.15	318.66	335.72
Long-Term Investments	0.01	229.97	267.87	102.1	1.43	1.64
Other Intangible Assets	78.55	79.05	80.95	83.75	86.26	88.55
Long-Term Accounts Receivable	49.86	44.77	35.02	18.59	4.3	-
Long-Term Deferred Tax Assets	56.5	55.73	54.22	45.5	40.88	45.53
Other Long-Term Assets	75.86	81.69	55.67	42.03	68.09	2.33
Total Assets	2,096	2,183	2,084	1,984	1,912	2,064

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	207.48	272.91	218.19	160.81	134.31	96.41
Accrued Expenses	13.15	25	28.25	22.92	18.48	26.21
Short-Term Debt	0.36	0.36	-	-	-	240
Current Portion of Leases	0.6	0.67	0.57	0.52	-	-
Current Income Taxes Payable	0	0.01	0.01	0.01	1.55	1.47
Current Unearned Revenue	32.96	37.41	31.21	63.61	28.55	13.45
Other Current Liabilities	53.61	53.25	57.98	56.16	24.1	40.24
Total Current Liabilities	308.17	389.6	336.21	304.02	207	417.79
Long-Term Leases	1.96	2.25	-	0.36	-	-
Long-Term Unearned Revenue	1.1	1.15	0.95	2.07	2.97	3.81
Long-Term Deferred Tax Liabilities	0.39	0.44	0.09	0.13	-	-
Other Long-Term Liabilities	14.2	12.69	-	-	-	-
Total Liabilities	325.82	406.13	337.25	306.59	209.97	421.6

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	-65.96	-58.61	-1,003	-1,077	-1,056	-1,081
Total Common Equity	1,770	1,777	1,757	1,683	1,704	1,642
Minority Interest	-	-	-11.15	-6.01	-2.08	-0.35
Shareholders' Equity	1,770	1,777	1,746	1,677	1,702	1,642
Total Liabilities & Equity	2,096	2,183	2,084	1,984	1,912	2,064

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	2.92	3.28	0.57	0.88	-	240
Net Cash (Debt)	787.4	683.02	620.69	732.61	858.41	398.42
Net Cash Growth	100.95%	10.04%	-15.28%	-14.66%	115.45%	445.02%
Net Cash Per Share	1.69	1.32	1.33	1.39	1.76	0.83
Filing Date Shares Outstanding	479.99	479.99	479.99	479.99	479.99	479.99
Total Common Shares Outstanding	479.99	479.99	479.99	479.99	479.99	479.99
Working Capital	1,252	1,021	986.9	1,092	1,185	1,172
Book Value Per Share	3.69	3.70	3.66	3.51	3.55	3.42
Tangible Book Value	1,691	1,698	1,677	1,599	1,618	1,554
Tangible Book Value Per Share	3.52	3.54	3.49	3.33	3.37	3.24
Buildings	302.91	302.91	302.58	302.79	272.07	272.07
Machinery	199.3	201.67	183.39	195.56	194.85	190.37
Construction In Progress	9.01	6.09	0.89	0.03	31.06	31.48