Rianlon Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	1,994	1,068	946.75	819.36	467.88
Trading Asset Securities	105.95	162.73	93.24	40	-
Cash & Short-Term Investments	2,100	1,230	1,040	859.37	467.88
Cash Growth	70.67%	18.30%	21.02%	83.67%	134.49%
Accounts Receivable	1,937	1,629	1,417	1,141	946.36
Other Receivables	19.49	21.11	13.4	25.21	24.15
Receivables	1,957	1,650	1,430	1,166	970.51
Inventory	1,362	1,330	1,142	1,282	893.07
Prepaid Expenses	-	1.11	0.78	0.54	-
Other Current Assets	203.42	138.66	118.79	135.97	120.35
Total Current Assets	5,622	4,350	3,732	3,445	2,452
Property, Plant & Equipment	3,645	3,581	3,445	3,166	2,427
Long-Term Investments	60.88	0.57	0.48	0.39	0.25
Goodwill	636.78	636.78	525.87	525.87	353.45
Other Intangible Assets	394.41	426.54	352.83	305.37	227.57
Long-Term Deferred Tax Assets	101.03	89.23	60.7	53.56	22.87
Long-Term Deferred Charges	6.5	6.68	6.05	5.45	3.41
Other Long-Term Assets	50.56	43.93	90.43	82.13	91.28
Total Assets	10,517	9,134	8,214	7,583	5,578
Accounts Payable	914.11	901.57	925.62	1,103	696.5
Accrued Expenses	94.59	172.47	150.55	155.46	116.67
Short-Term Debt	2,215	860	566.44	639.6	656.41
Current Portion of Long-Term Debt	441.18	357.27	484.05	46.45	81.75
Current Portion of Leases	-	3.59	3.52	2.43	3.69
Current Income Taxes Payable	33.1	14.98	8.05	17.01	20.36
Current Unearned Revenue	8.66	11.38	29.06	35.13	13.84
Other Current Liabilities	607.66	497.04	505.23	485.98	574.52
Total Current Liabilities	4,314	2,818	2,673	2,485	2,164
Long-Term Debt	1,100	1,475	1,176	1,102	733.1
Long-Term Leases	0.68	2.01	3.13	1.06	1.98
Long-Term Unearned Revenue	51.98	51.38	45.07	33.55	38.49
Long-Term Deferred Tax Liabilities	32.02	38.4	36.7	32.31	14.29
Other Long-Term Liabilities	34.75	22.64	-	-	-
Total Liabilities	5,533	4,408	3,934	3,655	2,952
Common Stock	229.62	229.62	229.62	229.62	205.01
Additional Paid-In Capital	1,670	1,709	1,709	1,707	915.12
Retained Earnings	2,914	2,500	2,153	1,870	1,407
Comprehensive Income & Other	12.47	20.52	15.48	10.31	-5.95
Total Common Equity	4,827	4,459	4,107	3,817	2,521
Minority Interest	157.13	266.76	172.91	111.48	105.22
Shareholders' Equity	4,984	4,726	4,280	3,928	2,626
Total Liabilities & Equity	10,517	9,134	8,214	7,583	5,578
Total Debt	3,756	2,698	2,233	1,792	1,477
Net Cash (Debt)	-1,656	-1,468	-1,193	-932.53	-1,009
Net Cash Per Share	-7.21	-6.39	-5.20	-4.25	-4.92
Filing Date Shares Outstanding	229.63	229.62	229.62	229.62	205.01
Total Common Shares Outstanding	229.63	229.62	229.62	229.62	205.01
Working Capital	1,308	1,531	1,059	959.07	288.08
Book Value Per Share	21.02	19.42	17.89	16.62	12.30
Tangible Book Value	3,795	3,396	3,228	2,985	1,940
Tangible Book Value Per Share	16.53	14.79	14.06	13.00	9.46
Buildings	-	1,818	1,643	1,244	542.88
Machinery	-	2,973	2,569	1,876	1,176
Construction In Progress	-	161.98	274.94	836.25	1,227

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