Winner Medical 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	1,684	1,594	1,412	4,706	4,527	4,274
Short-Term Investments	-	428.09	340.99	-	101.67	50.16
Trading Asset Securities	2,510	2,825	2,921	2,850	4,379	3,131
Cash & Short-Term Investments	4,195	4,847	4,674	7,556	9,007	7,455
Cash Growth	18.73%	3.70%	-38.14%	-16.11%	20.83%	-10.12%
Accounts Receivable	1,227	1,133	1,088	845.29	1,077	785.49
Other Receivables	203.98	204.47	186.35	218.91	236.3	329.18
Receivables	1,431	1,338	1,274	1,064	1,313	1,115
Inventory	2,080	2,016	1,958	1,434	1,559	1,597
Other Current Assets	1,028	265	174.79	501.14	246.61	179.06
Total Current Assets	8,734	8,466	8,081	10,556	12,126	10,346
Property, Plant & Equipment	5,222	5,266	5,024	4,151	3,550	2,225
Long-Term Investments	463.32	578.87	553.26	90.88	61.75	16.95
Goodwill	1,054	1,062	1,251	864.29	1,045	-
Other Intangible Assets	1,000	1,009	1,096	995.23	1,033	265.7
Long-Term Accounts Receivable	-	26.5	31.21	35.69	-	-
Long-Term Deferred Tax Assets	142.58	146.11	139	175.35	211.97	122.72
Long-Term Deferred Charges	136.56	133.9	143.86	131.09	132.69	174.79
Other Long-Term Assets	1,725	1,716	2,072	112.55	92.27	115.57
Total Assets	18,477	18,405	18,392	17,112	18,253	13,267
Accounts Payable	1,415	1,662	1,588	1,433	1,144	770.72
Accrued Expenses	223.4	552.92	525.58	530.34	714.42	448.46
Short-Term Debt	2,064	1,837	1,969	1,493	2,295	-
Current Portion of Long-Term Debt	175.17	-	181.13	20.14	8.01	-
Current Portion of Leases	-	184.9	215.05	202.66	207.31	216.18
Current Income Taxes Payable	146.48	98.51	82.32	40.19	197.57	80.63
Current Unearned Revenue	156.66	169.91	182.76	193.26	566.82	341.18
Other Current Liabilities	511.18	364.08	527.9	358.47	353.78	217.57
Total Current Liabilities	4,692	4,869	5,272	4,271	5,487	2,075
Long-Term Debt	96.39	76.99	101.54	170	-	-
Long-Term Leases	392.6	416.88	440.88	292.01	326.46	381.81
Long-Term Unearned Revenue	207.8	211.16	157.15	121.65	98.79	109.63
Pension & Post-Retirement Benefits	-	8.03	9.03	8.51	8.58	-
Long-Term Deferred Tax Liabilities	132.53	136.9	158.52	138.52	133.68	13.34
Other Long-Term Liabilities	412.74	392.93	377.48	-	-	-
Total Liabilities	5,934	6,112	6,516	5,002	6,055	2,580
Common Stock	582.33	582.33	582.33	594.39	426.49	426.49
Additional Paid-In Capital	3,386	3,390	3,379	4,381	4,546	4,550
Retained Earnings	7,812	7,561	7,200	7,029	7,246	5,958
Treasury Stock	-4.19	-4.19	-7.28	-473.55	-500.08	-257.99
Comprehensive Income & Other	-27.65	-11.84	-2.64	2.22	0.78	-1.56
Total Common Equity	11,749	11,517	11,151	11,533	11,720	10,675
Minority Interest	794.36	775.87	724.39	577.1	478.16	12.2
Shareholders' Equity	12,543	12,293	11,876	12,110	12,198	10,687
Total Liabilities & Equity	18,477	18,405	18,392	17,112	18,253	13,267
Total Debt	2,728	2,515	2,908	2,178	2,837	597.99
Net Cash (Debt)	1,467	2,332	1,767	5,378	6,170	6,857
Net Cash Growth	44.74%	32.00%	-67.15%	-12.84%	-10.01%	-15.80%
Net Cash Per Share	2.51	4.01	3.02	9.08	10.43	11.50
Filing Date Shares Outstanding	584.86	584.57	582.33	583.94	587.63	587.63
Total Common Shares Outstanding	584.86	584.57	582.33	588.14	587.63	587.63
Working Capital	4,042	3,597	2,810	6,285	6,638	8,271
Book Value Per Share	20.09	19.70	19.15	19.61	19.94	18.17
Tangible Book Value	9,694	9,446	8,804	9,674	9,642	10,409
Tangible Book Value Per Share	16.58	16.16	15.12	16.45	16.41	17.71
Land	-	2.69	2.69	-	-	-
Buildings	-	3,226	2,406	1,967	1,496	949.42
Machinery	-	2,675	2,389	1,983	1,863	1,238
Construction In Progress	-	511.63	1,075	984.57	765.01	216.1

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