Winner Medical 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	1,812	1,412	4,706	4,527	4,274	4,163
Short-Term Investments	-	340.99	-	101.67	50.16	-
Trading Asset Securities	2,039	2,921	2,850	4,379	3,131	4,131
Cash & Short-Term Investments	3,851	4,674	7,556	9,007	7,455	8,294
Cash Growth	-32.54%	-38.14%	-16.11%	20.83%	-10.12%	1624.84%
Accounts Receivable	1,296	1,088	845.29	1,077	785.49	862.5
Other Receivables	178.06	186.35	218.91	236.3	329.18	458.17
Receivables	1,474	1,274	1,064	1,313	1,115	1,321
Inventory	2,139	1,958	1,434	1,559	1,597	1,216
Other Current Assets	1,023	174.79	501.14	246.61	179.06	159.22
Total Current Assets	8,488	8,081	10,556	12,126	10,346	10,990
Property, Plant & Equipment	5,172	5,024	4,151	3,550	2,225	1,462
Long-Term Investments	603.09	553.26	90.88	61.75	16.95	13.42
Goodwill	1,246	1,251	864.29	1,045	-	-
Other Intangible Assets	1,027	1,096	995.23	1,033	265.7	208.33
Long-Term Accounts Receivable	-	31.21	35.69	-	-	-
Long-Term Deferred Tax Assets	144.61	139	175.35	211.97	122.72	143.13
Long-Term Deferred Charges	127.94	143.86	131.09	132.69	174.79	121.34
Other Long-Term Assets	1,736	2,072	112.55	92.27	115.57	63.81
Total Assets	18,544	18,392	17,112	18,253	13,267	13,002
Accounts Payable	1,428	1,588	1,433	1,144	770.72	756
Accrued Expenses	283.27	525.58	530.34	714.42	448.46	264.91
Short-Term Debt	2,059	1,969	1,493	2,295	-	150.07
Current Portion of Long-Term Debt	-	181.13	20.14	8.01	-	-
Current Portion of Leases	206.47	215.05	202.66	207.31	216.18	-
Current Income Taxes Payable	105.72	82.32	40.19	197.57	80.63	415.53
Current Unearned Revenue	174.41	182.76	193.26	566.82	341.18	684.5
Other Current Liabilities	773.55	527.9	358.47	353.78	217.57	155.77
Total Current Liabilities	5,030	5,272	4,271	5,487	2,075	2,427
Long-Term Debt	76.51	101.54	170	-	-	-
Long-Term Leases	419.01	440.88	292.01	326.46	381.81	-
Long-Term Unearned Revenue	184.04	157.15	121.65	98.79	109.63	94.92
Pension & Post-Retirement Benefits	-	9.03	8.51	8.58	-	-
Long-Term Deferred Tax Liabilities	163.25	158.52	138.52	133.68	13.34	12.17
Other Long-Term Liabilities	408.2	377.48	-	-	-	-
Total Liabilities	6,281	6,516	5,002	6,055	2,580	2,534
Common Stock	582.33	582.33	594.39	426.49	426.49	426.49
Additional Paid-In Capital	3,395	3,379	4,381	4,546	4,550	4,482
Retained Earnings	7,525	7,200	7,029	7,246	5,958	5,547
Treasury Stock	-7.19	-7.28	-473.55	-500.08	-257.99	-
Comprehensive Income & Other	-4.59	-2.64	2.22	0.78	-1.56	-1.11
Total Common Equity	11,490	11,151	11,533	11,720	10,675	10,454
Minority Interest	772.67	724.39	577.1	478.16	12.2	14.46
Shareholders' Equity	12,263	11,876	12,110	12,198	10,687	10,468
Total Liabilities & Equity	18,544	18,392	17,112	18,253	13,267	13,002
Total Debt	2,761	2,908	2,178	2,837	597.99	150.07
Net Cash (Debt)	1,090	1,767	5,378	6,170	6,857	8,144
Net Cash Growth	-64.19%	-67.15%	-12.84%	-10.01%	-15.80%	3574.47%
Net Cash Per Share	1.87	3.02	9.08	10.43	11.50	14.95
Filing Date Shares Outstanding	577.98	582.33	583.94	587.63	587.63	597.09
Total Common Shares Outstanding	577.98	582.33	588.14	587.63	587.63	597.09
Working Capital	3,457	2,810	6,285	6,638	8,271	8,563
Book Value Per Share	19.88	19.15	19.61	19.94	18.17	17.51
Tangible Book Value	9,217	8,804	9,674	9,642	10,409	10,246
Tangible Book Value Per Share	15.95	15.12	16.45	16.41	17.71	17.16
Land	-	2.69	-	-	-	-
Buildings	-	2,406	1,967	1,496	949.42	878.49
Machinery	-	2,389	1,983	1,863	1,238	1,119
Construction In Progress	-	1,075	984.57	765.01	216.1	61.38

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