Shenzhen SDG Service 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	289.77	584.97	744.86	554.76	317.15	717.24
Short-Term Investments	-	533.49	343.27	110.79	50	-
Trading Asset Securities	823.19	83.19	35.06	265.95	476.57	-
Cash & Short-Term Investments	1,113	1,202	1,123	931.49	843.72	717.24
Cash Growth	64.37%	6.98%	20.58%	10.40%	17.64%	300.39%
Accounts Receivable	615.16	527.97	416.94	455.21	383	276.04
Other Receivables	80.93	44.17	55.37	22.56	18.77	13.7
Receivables	696.09	572.14	472.31	477.77	401.77	289.74
Inventory	3.94	5.34	4.8	4.75	4.21	3.54
Prepaid Expenses	-	0.11	1.51	0	0.08	0.03
Other Current Assets	159.9	12.74	10.89	12.95	5.78	6.56
Total Current Assets	1,973	1,792	1,613	1,427	1,256	1,017
Property, Plant & Equipment	47.56	64.29	80.15	37.04	33.67	8.56
Long-Term Investments	14.24	12.91	8.24	5.63	4.31	12.22
Goodwill	21.55	21.55	19.28	-	-	-
Other Intangible Assets	6.96	7.2	6.78	4.17	2.37	0.92
Long-Term Deferred Tax Assets	12.02	9.71	9.82	9.88	8.11	3.96
Long-Term Deferred Charges	5.64	6.26	7.38	4.11	3.46	1.43
Other Long-Term Assets	44.43	46.32	48.83	50.63	53.11	55.59
Total Assets	2,125	1,960	1,793	1,538	1,361	1,100
Accounts Payable	343.26	317.89	232.79	179.42	151.53	72.83
Accrued Expenses	191.88	207.18	214.84	200.28	174.95	141.61
Short-Term Debt	21.38	-	-	-	-	-
Current Portion of Leases	10.99	14.18	12.56	9.01	6.3	-
Current Income Taxes Payable	48.07	17.77	12.5	13.62	14.96	13.14
Current Unearned Revenue	61.75	30.85	48.92	49.43	39.43	12.88
Other Current Liabilities	152.32	131.98	115.07	99.14	73.71	44.04
Total Current Liabilities	829.64	719.84	636.68	550.91	460.88	284.49
Long-Term Leases	12.17	14.28	21.48	14.56	15.54	-
Long-Term Unearned Revenue	-	2.77	3.81	4.84	5.88	6.92
Long-Term Deferred Tax Liabilities	2.02	3.32	2.87	-	-	-
Total Liabilities	845.83	740.2	664.83	570.31	482.3	291.41
Common Stock	169	169	169	169	130	100
Additional Paid-In Capital	390.62	390.62	390.62	390.62	429.62	459.62
Retained Earnings	603.09	554.45	470	383.65	301.43	226.76
Comprehensive Income & Other	-0.13	-0.12	-0.07	-0.06	-0.1	-0.08
Total Common Equity	1,163	1,114	1,030	943.2	860.95	786.31
Minority Interest	116.91	106.04	98.8	24.9	17.33	22.07
Shareholders' Equity	1,279	1,220	1,128	968.11	878.28	808.37
Total Liabilities & Equity	2,125	1,960	1,793	1,538	1,361	1,100
Total Debt	44.54	28.46	34.04	23.57	21.84	-
Net Cash (Debt)	1,068	1,173	1,089	907.92	821.88	717.24
Net Cash Growth	65.20%	7.71%	19.96%	10.47%	14.59%	300.39%
Net Cash Per Share	6.32	6.94	6.44	5.41	4.83	5.66
Filing Date Shares Outstanding	169	169	169	169	169	169
Total Common Shares Outstanding	169	169	169	169	169	169
Working Capital	1,143	1,072	976.02	876.05	794.67	732.61
Book Value Per Share	6.88	6.59	6.09	5.58	5.09	4.65
Tangible Book Value	1,134	1,085	1,003	939.04	858.58	785.39
Tangible Book Value Per Share	6.71	6.42	5.94	5.56	5.08	4.65
Buildings	-	20.48	20.48	2.13	2.13	1.96
Machinery	-	117.42	114.68	32.91	25.79	16.86

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.