Rianlon Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,931	1,068	946.75	819.36	467.88	191.47
Trading Asset Securities	58.23	162.73	93.24	40	-	8.07
Cash & Short-Term Investments	1,990	1,230	1,040	859.37	467.88	199.54
Cash Growth	72.45%	18.30%	21.02%	83.67%	134.49%	-32.15%
Accounts Receivable	1,639	1,629	1,417	1,141	946.36	798.16
Other Receivables	17.78	21.11	13.4	25.21	24.15	13.13
Receivables	1,657	1,650	1,430	1,166	970.51	811.29
Inventory	1,411	1,330	1,142	1,282	893.07	545.68
Prepaid Expenses	-	1.11	0.78	0.54	-	-
Other Current Assets	249.7	138.66	118.79	135.97	120.35	67.28
Total Current Assets	5,307	4,350	3,732	3,445	2,452	1,624
Property, Plant & Equipment	3,538	3,581	3,445	3,166	2,427	1,480
Long-Term Investments	0.57	0.57	0.48	0.39	0.25	0.25
Goodwill	636.78	636.78	525.87	525.87	353.45	353.45
Other Intangible Assets	409.37	426.54	352.83	305.37	227.57	209.19
Long-Term Deferred Tax Assets	83.54	89.23	60.7	53.56	22.87	23.38
Long-Term Deferred Charges	7.04	6.68	6.05	5.45	3.41	2.15
Other Long-Term Assets	116.2	43.93	90.43	82.13	91.28	120.6
Total Assets	10,099	9,134	8,214	7,583	5,578	3,813
Accounts Payable	726.99	901.57	925.62	1,103	696.5	336.91
Accrued Expenses	80.5	172.47	150.55	155.46	116.67	96.8
Short-Term Debt	1,891	860	566.44	639.6	656.41	391.02
Current Portion of Long-Term Debt	388.03	357.27	484.05	46.45	81.75	47.59
Current Portion of Leases	-	3.59	3.52	2.43	3.69	-
Current Income Taxes Payable	38.05	14.98	8.05	17.01	20.36	8.63
Current Unearned Revenue	19.13	11.38	29.06	35.13	13.84	11.41
Other Current Liabilities	568.25	497.04	505.23	485.98	574.52	332.6
Total Current Liabilities	3,712	2,818	2,673	2,485	2,164	1,225
Long-Term Debt	1,219	1,475	1,176	1,102	733.1	365.72
Long-Term Leases	0.63	2.01	3.13	1.06	1.98	-
Long-Term Unearned Revenue	50.27	51.38	45.07	33.55	38.49	27.97
Long-Term Deferred Tax Liabilities	35.83	38.4	36.7	32.31	14.29	12.07
Other Long-Term Liabilities	33.43	22.64	-	-	-	2.39
Total Liabilities	5,052	4,408	3,934	3,655	2,952	1,633
Common Stock	229.62	229.62	229.62	229.62	205.01	205.01
Additional Paid-In Capital	1,709	1,709	1,709	1,707	915.12	915.12
Retained Earnings	2,808	2,500	2,153	1,870	1,407	1,037
Comprehensive Income & Other	20.78	20.52	15.48	10.31	-5.95	-1.62
Total Common Equity	4,767	4,459	4,107	3,817	2,521	2,155
Minority Interest	279.88	266.76	172.91	111.48	105.22	24.74
Shareholders' Equity	5,047	4,726	4,280	3,928	2,626	2,180
Total Liabilities & Equity	10,099	9,134	8,214	7,583	5,578	3,813
Total Debt	3,499	2,698	2,233	1,792	1,477	804.32
Net Cash (Debt)	-1,510	-1,468	-1,193	-932.53	-1,009	-604.78
Net Cash Per Share	-6.57	-6.39	-5.20	-4.25	-4.92	-2.95
Filing Date Shares Outstanding	229.62	229.62	229.62	229.62	205.01	205.01
Total Common Shares Outstanding	229.62	229.62	229.62	229.62	205.01	205.01
Working Capital	1,595	1,531	1,059	959.07	288.08	398.85
Book Value Per Share	20.76	19.42	17.89	16.62	12.30	10.51
Tangible Book Value	3,721	3,396	3,228	2,985	1,940	1,593
Tangible Book Value Per Share	16.20	14.79	14.06	13.00	9.46	7.77
Buildings	-	1,818	1,643	1,244	542.88	391.43
Machinery	-	2,973	2,569	1,876	1,176	1,024
Construction In Progress	-	161.98	274.94	836.25	1,227	468.83

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.