Hengxin Shambala Culture 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	66.6	96.8	147.58	63.95	387.65	693.18
Trading Asset Securities	-	-	-	143	123	181.83
Cash & Short-Term Investments	66.6	96.8	147.58	206.95	510.65	875.01
Cash Growth	-62.78%	-34.41%	-28.69%	-59.47%	-41.64%	123.86%
Accounts Receivable	150.8	136.5	148.55	185.15	112.94	130.71
Other Receivables	7.76	8.09	40.55	40.12	16.28	47.41
Receivables	158.56	144.59	189.1	225.27	129.22	178.11
Inventory	304.83	320.58	586.87	420.79	273.04	382.87
Other Current Assets	40.4	42.12	74.16	76.08	99.46	65.25
Total Current Assets	570.39	604.1	997.72	929.09	1,012	1,501
Property, Plant & Equipment	361.96	383.61	74.44	73.98	58.14	19.22
Long-Term Investments	268.77	338.74	377.64	376.53	452.19	433.32
Goodwill	69.64	69.64	152.74	245.9	281.18	289.29
Other Intangible Assets	87.79	95.81	126.35	156.1	149.43	177.35
Long-Term Deferred Tax Assets	19.58	19.46	20.64	21.45	26.24	17.09
Long-Term Deferred Charges	28.16	28.38	51.89	85.87	107.54	91.43
Other Long-Term Assets	94.7	25	32.52	32.52	35.93	35.93
Total Assets	1,501	1,565	1,834	1,921	2,123	2,565
Accounts Payable	352.66	358.67	403.75	351.78	246.92	68.59
Accrued Expenses	18.3	24.74	24.62	13.64	10.55	8.07
Short-Term Debt	29.05	42.03	96.22	115.59	120.69	229.25
Current Portion of Long-Term Debt	183.48	89.31	1.83	0.6	6.5	2
Current Portion of Leases	-	0.11	11.7	6.72	7.48	1.65
Current Income Taxes Payable	-	0.03	0.18	0.18	1.16	4.63
Current Unearned Revenue	16.49	16.25	283.6	28.79	20.07	11.47
Other Current Liabilities	21.69	73.76	23.42	20.29	22.97	20.9
Total Current Liabilities	621.67	604.91	845.32	537.58	436.35	346.57
Long-Term Debt	1.52	1.99	5.94	5.4	-	6.5
Long-Term Leases	5.94	6.48	5.61	7.93	14.47	2.38
Long-Term Unearned Revenue	0.75	0.75	0.75	-	-	1.38
Long-Term Deferred Tax Liabilities	1.47	1.54	3.39	15.93	17.98	13.91
Other Long-Term Liabilities	337.23	372.63	2.41	0.44	1.43	20.61
Total Liabilities	968.58	988.29	863.42	567.29	470.24	391.34
Common Stock	604.8	604.8	604.8	604.8	604.8	611.51
Additional Paid-In Capital	2,205	2,205	2,205	2,206	2,204	2,132
Retained Earnings	-1,949	-1,907	-1,536	-1,190	-908.19	-473.1
Treasury Stock	-	-	-	-	-	-48.73
Comprehensive Income & Other	-72.1	-71.85	-70.15	-61.96	-62.43	-52.93
Total Common Equity	788.29	831.24	1,204	1,560	1,838	2,169
Minority Interest	-255.87	-254.78	-233.72	-205.35	-185.29	4.63
Shareholders' Equity	532.42	576.47	970.51	1,354	1,653	2,174
Total Liabilities & Equity	1,501	1,565	1,834	1,921	2,123	2,565
Total Debt	219.98	139.92	121.3	136.25	149.14	241.78
Net Cash (Debt)	-153.39	-43.11	26.28	70.7	361.52	633.23
Net Cash Growth	-	-	-62.83%	-80.44%	-42.91%	-
Net Cash Per Share	-0.25	-0.07	0.04	0.12	0.60	1.20
Filing Date Shares Outstanding	604.8	604.8	604.8	604.8	604.8	609.19
Total Common Shares Outstanding	604.8	604.8	604.8	604.8	604.8	609.19
Working Capital	-51.28	-0.8	152.4	391.51	576.03	1,155
Book Value Per Share	1.30	1.37	1.99	2.58	3.04	3.56
Tangible Book Value	630.86	665.79	925.14	1,158	1,407	1,702
Tangible Book Value Per Share	1.04	1.10	1.53	1.91	2.33	2.79
Buildings	-	27.21	27.21	27.21	27.21	10.82
Machinery	-	420.81	72.73	62.29	40.16	76.32

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