Marssenger Kitchenware 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	331.43	419.89	763.96	1,650	1,230	990.73
Trading Asset Securities	141.56	60.96	60.01	110.28	532.1	201.08
Cash & Short-Term Investments	472.99	480.84	823.97	1,761	1,762	1,192
Cash Growth	-35.45%	-41.64%	-53.20%	-0.07%	47.83%	7.18%
Accounts Receivable	57.63	63.21	178.55	181.13	182.78	75.28
Other Receivables	8.53	20.4	15.82	12.2	19.43	8.48
Receivables	66.16	83.61	194.37	193.33	202.21	83.77
Inventory	98.6	128.69	160.9	232.69	272.59	238.75
Prepaid Expenses	-	-	0.5	1.26	4.32	10.78
Other Current Assets	67.62	60.11	14.23	6.5	7.61	12.17
Total Current Assets	705.37	753.25	1,194	2,194	2,249	1,537
Property, Plant & Equipment	816.78	836.36	931.67	857.2	779.3	722.42
Long-Term Investments	239.56	225.51	149.69	118.81	29.91	29.92
Other Intangible Assets	109.6	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	116.25	107.49	54.17	42.85	33.16	27.98
Long-Term Deferred Charges	11.91	12.24	4.57	9	4.47	3.03
Other Long-Term Assets	43.92	41.44	45.78	7.27	2.79	17.79
Total Assets	2,043	2,088	2,483	3,335	3,200	2,399
Accounts Payable	100.23	138.37	215.33	352.24	421.56	460.16
Accrued Expenses	25.32	113.44	125.88	154.86	173.35	199.24
Short-Term Debt	100.06	19.96	1	238.19	187.67	-
Current Portion of Long-Term Debt	0.9	-	-	160.15	-	-
Current Portion of Leases	-	0.93	1.61	3.62	8	5.63
Current Income Taxes Payable	3.69	0	-	12.75	15.28	29.69
Current Unearned Revenue	42.54	48.16	73.91	114.97	113.73	132.77
Other Current Liabilities	98.94	52.79	71.08	100.93	42.93	45.28
Total Current Liabilities	371.68	373.64	488.8	1,138	962.51	872.77
Long-Term Debt	536.65	527.1	495.15	462.67	531.6	-
Long-Term Leases	0.16	0.31	0.16	2.36	6.95	7.26
Long-Term Unearned Revenue	63.72	59.81	57.96	62.17	36.83	21.62
Long-Term Deferred Tax Liabilities	11.14	12.46	1.28	2.34	1.45	-
Other Long-Term Liabilities	7.43	8.39	21.69	19.22	15.67	20.33
Total Liabilities	990.78	981.72	1,065	1,686	1,555	921.98
Common Stock	406.28	406.28	407.72	408.54	405	405
Additional Paid-In Capital	462.35	462.35	477.72	486.38	444.03	448.13
Retained Earnings	115.6	168.82	464.17	698.23	696.25	624.74
Treasury Stock	-15	-15	-31.9	-43.6	-	-
Comprehensive Income & Other	83.4	83.4	99.94	99.94	99.95	-
Total Common Equity	1,053	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	1,053	1,106	1,418	1,648	1,645	1,477
Total Liabilities & Equity	2,043	2,088	2,483	3,335	3,200	2,399
Total Debt	637.77	548.3	497.92	866.97	734.22	12.89
Net Cash (Debt)	-164.78	-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	-0.41	-0.17	0.88	2.13	2.52	2.92
Filing Date Shares Outstanding	409.35	406.28	407.72	409.24	405	405
Total Common Shares Outstanding	409.35	406.28	407.72	408.77	405	405
Working Capital	333.68	379.61	705.17	1,057	1,286	664.51
Book Value Per Share	2.57	2.72	3.48	4.04	4.06	3.65
Tangible Book Value	943.02	994.92	1,315	1,545	1,543	1,420
Tangible Book Value Per Share	2.30	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

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