Shuanglin 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	606.82	734.54	621.93	477.8	440.25	809.15
Trading Asset Securities	-	-	10.88	-	26.91	25.73
Cash & Short-Term Investments	606.82	734.54	632.8	477.8	467.17	834.87
Cash Growth	16.50%	16.08%	32.44%	2.28%	-44.04%	102.23%
Accounts Receivable	2,043	2,424	2,257	2,056	1,803	1,515
Other Receivables	23.55	7.43	20.71	4.02	11.31	13.3
Receivables	2,067	2,432	2,278	2,060	1,815	1,528
Inventory	934.15	1,007	1,017	1,024	957.31	940.19
Prepaid Expenses	-	-	-	0.03	-	1.06
Other Current Assets	122.95	105.15	33.38	73.01	72.3	55.32
Total Current Assets	3,731	4,278	3,961	3,634	3,312	3,360
Property, Plant & Equipment	2,007	2,008	1,770	1,790	1,846	1,972
Goodwill	115.31	115.31	-	-	-	-
Other Intangible Assets	424.96	452.77	391.07	392.15	425.6	426.08
Long-Term Deferred Tax Assets	49.99	51.79	49.13	34.31	37.61	34.43
Long-Term Deferred Charges	31.97	31.75	23.29	31.83	43.07	50.91
Other Long-Term Assets	62.55	84.84	76.18	72.69	31.02	43.8
Total Assets	6,422	7,023	6,271	5,955	5,695	5,887
Accounts Payable	1,759	2,308	2,274	2,058	1,865	1,638
Accrued Expenses	61.32	164.22	116.53	110.36	115.24	93.69
Short-Term Debt	560.38	565.39	693.44	833.11	956.42	1,102
Current Portion of Long-Term Debt	139.3	199.14	69.77	184.51	135.93	102.9
Current Portion of Leases	-	9.25	6.99	7.91	8.93	7.11
Current Income Taxes Payable	21.35	1.9	1.87	1.34	3.79	1.79
Current Unearned Revenue	53.19	49.31	37.98	55.16	28.92	6.74
Other Current Liabilities	299.83	268.57	84.67	53.61	47.97	49.53
Total Current Liabilities	2,894	3,566	3,285	3,304	3,162	3,001
Long-Term Debt	-	-	100.09	134.65	161.21	297.15
Long-Term Leases	8.27	10.31	4.47	65.45	14.81	16.83
Long-Term Unearned Revenue	151.89	151.88	136.71	159.44	175.88	207.77
Long-Term Deferred Tax Liabilities	33.16	33.54	30.42	28.18	32.97	27.39
Other Long-Term Liabilities	16.77	35.27	71.45	58.69	31.88	24.4
Total Liabilities	3,104	3,797	3,628	3,751	3,579	3,575
Common Stock	571.98	571.98	400.77	402.15	402.15	402.15
Additional Paid-In Capital	1,456	1,433	1,482	1,463	1,459	1,450
Retained Earnings	1,291	1,206	782.85	325.51	246.29	451.65
Treasury Stock	-	-	-30.02	-	-	-
Comprehensive Income & Other	-0.59	14.72	6.89	4.79	0.18	-0.21
Total Common Equity	3,318	3,226	2,643	2,196	2,108	2,304
Minority Interest	-	-	-	8.05	8.2	8.3
Shareholders' Equity	3,318	3,226	2,643	2,204	2,116	2,312
Total Liabilities & Equity	6,422	7,023	6,271	5,955	5,695	5,887
Total Debt	707.96	784.09	874.75	1,226	1,277	1,526
Net Cash (Debt)	-101.13	-49.55	-241.94	-747.84	-810.13	-690.74
Net Cash Per Share	-0.18	-0.09	-0.43	-1.32	-1.46	-1.23
Filing Date Shares Outstanding	571.98	571.98	556.06	563.01	563.01	563.01
Total Common Shares Outstanding	571.98	571.98	556.06	563.01	563.01	563.01
Working Capital	836.58	712.44	676.36	329.75	149.15	358.32
Book Value Per Share	5.80	5.64	4.75	3.90	3.74	4.09
Tangible Book Value	2,778	2,658	2,252	1,804	1,682	1,877
Tangible Book Value Per Share	4.86	4.65	4.05	3.20	2.99	3.33
Buildings	-	1,139	1,098	993.62	963.6	961.07
Machinery	-	3,044	2,883	2,708	2,669	2,568
Construction In Progress	-	163.89	91.92	95.95	96.5	82.79

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