Winall Hi-tech Seed 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	945.23	1,614	1,601	1,536	1,359	880.04
Trading Asset Securities	10.64	10.64	250	-	-	381.24
Cash & Short-Term Investments	955.87	1,625	1,851	1,536	1,359	1,261
Cash Growth	-13.29%	-12.25%	20.56%	12.97%	7.78%	147.06%
Accounts Receivable	655.96	591.61	555.86	555.94	474.23	252.07
Other Receivables	31.89	71.01	3.5	26.61	9.84	-7.82
Receivables	687.85	662.62	559.37	582.55	484.06	244.26
Inventory	2,547	2,914	2,989	2,284	1,565	1,002
Other Current Assets	641.84	574.93	514.19	622.68	286.59	221.11
Total Current Assets	4,832	5,776	5,914	5,025	3,695	2,728
Property, Plant & Equipment	1,025	1,028	779.95	695.02	594.57	379.63
Long-Term Investments	81.87	82.61	115.69	160.45	110.06	57.26
Goodwill	70.7	70.7	171.98	185.34	108.56	108.56
Other Intangible Assets	318.41	330.99	314.17	297.03	210.68	177.84
Long-Term Accounts Receivable	-	-	167.63	178.67	192.61	-
Long-Term Deferred Tax Assets	3.82	3.82	2.6	5.76	3.37	1.6
Long-Term Deferred Charges	134.24	131.07	126.88	107.28	106.01	36.63
Other Long-Term Assets	222.66	214.5	59.69	55.16	57.2	48.49
Total Assets	6,689	7,638	7,652	6,710	5,078	3,538
Accounts Payable	682.61	1,385	1,489	1,270	579.28	394.02
Accrued Expenses	40.06	126.77	246.78	242.6	214.61	97.9
Short-Term Debt	1,441	1,348	1,456	723.86	557.62	137.97
Current Portion of Long-Term Debt	297.77	244.1	270.44	67.35	186.72	28.02
Current Portion of Leases	-	-	34.54	35.09	30.68	9.7
Current Income Taxes Payable	8.59	10.75	0.59	0.47	1.64	1.51
Current Unearned Revenue	501.89	590.93	460.89	448.74	410.22	335
Other Current Liabilities	492.47	600.77	448.82	464.41	357.45	382.44
Total Current Liabilities	3,465	4,306	4,407	3,253	2,338	1,387
Long-Term Debt	349.07	428.77	138.97	364.04	149.15	387.94
Long-Term Leases	254.44	267.89	270.2	287.87	309.21	57.67
Long-Term Unearned Revenue	227.56	219.14	164.66	113.62	88.46	55.21
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.06
Other Long-Term Liabilities	48.84	48.84	49.24	108.93	-	-
Total Liabilities	4,345	5,270	5,030	4,127	2,885	1,887
Common Stock	947.33	947.33	947.33	947.33	676.67	454.1
Additional Paid-In Capital	140.65	140.65	140.21	139.27	386.38	557.79
Retained Earnings	580.74	569.36	851.1	831.86	625.62	436.75
Treasury Stock	-	-	-	-	-	-75.33
Comprehensive Income & Other	28.44	28.76	30.24	30.69	26.74	0.1
Total Common Equity	1,697	1,686	1,969	1,949	1,715	1,373
Minority Interest	647.06	681.6	653.18	633.35	477.67	277.55
Shareholders' Equity	2,344	2,368	2,622	2,583	2,193	1,651
Total Liabilities & Equity	6,689	7,638	7,652	6,710	5,078	3,538
Total Debt	2,343	2,288	2,170	1,478	1,233	621.3
Net Cash (Debt)	-1,387	-663.74	-318.92	57.5	126.04	639.98
Net Cash Growth	-	-	-	-54.38%	-80.31%	4259.65%
Net Cash Per Share	-1.44	-0.69	-0.34	0.06	0.14	0.70
Filing Date Shares Outstanding	948.76	1,006	947.33	947.33	947.33	915.52
Total Common Shares Outstanding	948.76	1,006	947.33	947.33	947.33	915.52
Working Capital	1,368	1,471	1,507	1,772	1,357	1,342
Book Value Per Share	1.79	1.68	2.08	2.06	1.81	1.50
Tangible Book Value	1,308	1,284	1,483	1,467	1,396	1,087
Tangible Book Value Per Share	1.38	1.28	1.57	1.55	1.47	1.19
Buildings	-	-	521.86	476.84	383.91	298.97
Machinery	-	-	320.9	273.77	210.97	158.19
Construction In Progress	-	-	112.41	42.56	39.9	10.03

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