Marssenger Kitchenware Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	347.52	419.89	763.96	1,650	1,230	990.73
Trading Asset Securities	30.86	60.96	60.01	110.28	532.1	201.08
Cash & Short-Term Investments	378.38	480.84	823.97	1,761	1,762	1,192
Cash Growth	-39.46%	-41.64%	-53.20%	-0.07%	47.83%	7.18%
Accounts Receivable	60.04	63.21	178.55	181.13	182.78	75.28
Other Receivables	8.71	20.4	15.82	12.2	19.43	8.48
Receivables	68.75	83.61	194.37	193.33	202.21	83.77
Inventory	118.97	128.69	160.9	232.69	272.59	238.75
Prepaid Expenses	-	-	0.5	1.26	4.32	10.78
Other Current Assets	71.16	60.11	14.23	6.5	7.61	12.17
Total Current Assets	637.26	753.25	1,194	2,194	2,249	1,537
Property, Plant & Equipment	803.84	836.36	931.67	857.2	779.3	722.42
Long-Term Investments	285.24	225.51	149.69	118.81	29.91	29.92
Other Intangible Assets	108.99	110.92	102.69	104.8	102.03	58.25
Long-Term Accounts Receivable	-	0.32	0.14	0.33	0.09	2.17
Long-Term Deferred Tax Assets	129.15	107.49	54.17	42.85	33.16	27.98
Long-Term Deferred Charges	11.49	12.24	4.57	9	4.47	3.03
Other Long-Term Assets	50.19	41.44	45.78	7.27	2.79	17.79
Total Assets	2,026	2,088	2,483	3,335	3,200	2,399

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	118.91	138.37	215.33	352.24	421.56	460.16
Accrued Expenses	30.49	113.44	125.88	154.86	173.35	199.24
Short-Term Debt	150.1	19.96	1	238.19	187.67	-
Current Portion of Long-Term Debt	0.72	-	-	160.15	-	-
Current Portion of Leases	-	0.93	1.61	3.62	8	5.63
Current Income Taxes Payable	5.62	0	-	12.75	15.28	29.69
Current Unearned Revenue	33.07	48.16	73.91	114.97	113.73	132.77
Other Current Liabilities	80.92	52.79	71.08	100.93	42.93	45.28
Total Current Liabilities	419.82	373.64	488.8	1,138	962.51	872.77
Long-Term Debt	546.42	527.1	495.15	462.67	531.6	-
Long-Term Leases	-	0.31	0.16	2.36	6.95	7.26
Long-Term Unearned Revenue	63.15	59.81	57.96	62.17	36.83	21.62
Long-Term Deferred Tax Liabilities	9.02	12.46	1.28	2.34	1.45	-
Other Long-Term Liabilities	8.25	8.39	21.69	19.22	15.67	20.33
Total Liabilities	1,047	981.72	1,065	1,686	1,555	921.98

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	405	406.28	407.72	408.54	405	405
Additional Paid-In Capital	448.66	462.35	477.72	486.38	444.03	448.13
Retained Earnings	42.45	168.82	464.17	698.23	696.25	624.74
Treasury Stock	-	-15	-31.9	-43.6	-	-
Comprehensive Income & Other	83.39	83.4	99.94	99.94	99.95	-
Total Common Equity	979.51	1,106	1,418	1,649	1,645	1,478
Minority Interest	-0.02	-0.02	-0.01	-1.37	0.1	-1
Shareholders' Equity	979.48	1,106	1,418	1,648	1,645	1,477
Total Liabilities & Equity	2,026	2,088	2,483	3,335	3,200	2,399

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	697.24	548.3	497.92	866.97	734.22	12.89
Net Cash (Debt)	-318.86	-67.46	326.05	893.57	1,028	1,179
Net Cash Growth	-	-	-63.51%	-13.05%	-12.83%	12.08%
Net Cash Per Share	-0.79	-0.17	0.88	2.13	2.52	2.92
Filing Date Shares Outstanding	404.13	406.28	407.72	409.24	405	405
Total Common Shares Outstanding	404.13	406.28	407.72	408.77	405	405
Working Capital	217.44	379.61	705.17	1,057	1,286	664.51
Book Value Per Share	2.42	2.72	3.48	4.04	4.06	3.65
Tangible Book Value	870.52	994.92	1,315	1,545	1,543	1,420
Tangible Book Value Per Share	2.15	2.45	3.23	3.78	3.81	3.51
Buildings	-	917.69	910.38	552.95	550.93	510.31
Machinery	-	581.81	581.55	562.64	511.63	451.14
Construction In Progress	-	2.55	13.89	207.21	66.26	13.4