Winner Technology Co. 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	248.81	281.44	275.34	316.83	175.94	337.22
Trading Asset Securities	-	-	-	20.08	220.35	151.84
Cash & Short-Term Investments	248.81	281.44	275.34	336.91	396.28	489.06
Cash Growth	-1.77%	2.22%	-18.28%	-14.98%	-18.97%	-6.51%
Accounts Receivable	219.88	227.24	250.91	196.22	214.43	210.61
Other Receivables	6.97	9.03	16.88	9.83	8.14	16.76
Receivables	226.84	236.28	267.79	206.06	222.57	227.37
Inventory	69.16	82.8	40.02	48.03	53.98	74.17
Other Current Assets	27.53	19.67	14.38	29.28	19.34	4.12
Total Current Assets	572.34	620.19	597.52	620.27	692.17	794.72
Property, Plant & Equipment	294.99	300.34	334.8	335.12	274.72	276.67
Long-Term Investments	224.92	225.23	135.74	146.12	115.78	112.14
Goodwill	27.29	27.29	41.11	50.22	52.21	56.64
Other Intangible Assets	41.09	45.77	49.57	73.29	49.37	64.08
Long-Term Deferred Tax Assets	44.58	43.07	36.52	31.8	31.36	14.37
Long-Term Deferred Charges	7.19	7.38	25.09	8.26	41.57	27.66
Other Long-Term Assets	39.17	35.14	82.31	125.52	-	-
Total Assets	1,252	1,304	1,303	1,391	1,257	1,346
Accounts Payable	79.5	107.63	94.88	102.18	71.56	85.01
Accrued Expenses	12.32	15.81	17.17	20.58	18.52	21.63
Short-Term Debt	109.57	81.54	10.37	33.82	13.08	7.1
Current Portion of Long-Term Debt	5.63	4.51	-	3	-	-
Current Portion of Leases	-	-	10.33	5.8	8.91	12.28
Current Income Taxes Payable	2.05	3.38	-	0.74	0.01	1.06
Current Unearned Revenue	56.2	80.52	47.9	55.45	32.34	37.66
Other Current Liabilities	0.93	5.62	4.68	3.08	16.68	24.76
Total Current Liabilities	266.19	299.01	185.33	224.66	161.09	189.51
Long-Term Debt	5	-	-	-	3	-
Long-Term Leases	10.01	12.25	22.43	14.02	6.96	12.46
Long-Term Unearned Revenue	-	-	1.01	1.01	1.81	2.2
Long-Term Deferred Tax Liabilities	5.67	6.88	5.86	1.19	0.39	-
Total Liabilities	286.87	318.14	214.63	240.88	173.26	204.16
Common Stock	120.11	120.11	120.11	121.87	122.44	121.91
Additional Paid-In Capital	830.25	830.25	829	859.18	842.89	844.76
Retained Earnings	-10.01	10.21	94.63	142.51	176.54	243.5
Treasury Stock	-	-	-	-26.28	-89.78	-99.12
Comprehensive Income & Other	-22.72	-22.59	-15.31	-8.75	-5.09	-4.4
Total Common Equity	917.63	937.98	1,028	1,089	1,047	1,107
Minority Interest	47.07	48.3	59.61	61.18	36.91	35.48
Shareholders' Equity	964.69	986.28	1,088	1,150	1,084	1,142
Total Liabilities & Equity	1,252	1,304	1,303	1,391	1,257	1,346
Total Debt	130.21	98.3	43.13	56.64	31.95	31.84
Net Cash (Debt)	118.6	183.14	232.21	280.27	364.33	457.22
Net Cash Growth	-28.73%	-21.13%	-17.15%	-23.07%	-20.32%	-11.76%
Net Cash Per Share	0.99	1.52	1.92	2.29	2.99	3.73
Filing Date Shares Outstanding	120.08	120.13	120.11	120.11	117.67	117.14
Total Common Shares Outstanding	120.08	120.13	120.11	120.17	117.67	117.14
Working Capital	306.15	321.18	412.2	395.61	531.07	605.21
Book Value Per Share	7.64	7.81	8.56	9.06	8.90	9.45
Tangible Book Value	849.24	864.91	937.75	965.03	945.43	985.92
Tangible Book Value Per Share	7.07	7.20	7.81	8.03	8.03	8.42
Buildings	-	-	215.44	215.44	210.3	210.3
Machinery	-	-	181.83	141.11	93.47	69.1
Construction In Progress	-	-	22.22	39.77	16.34	11.49

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