Sublime China Information 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	120.66	148.95	135.89	186.93	317.91	192.59
Short-Term Investments	231.37	64.46	57.3	-	-	-
Trading Asset Securities	25.59	121.52	333.64	593.01	-	30.01
Cash & Short-Term Investments	377.62	334.93	526.84	779.94	317.91	222.6
Cash Growth	28.50%	-36.43%	-32.45%	145.33%	42.81%	46.38%
Accounts Receivable	12.94	11.48	5.17	4.52	4.12	2.29
Other Receivables	1.36	0.46	0.66	0.05	0.07	0.09
Receivables	14.3	11.94	5.83	4.57	4.18	2.38
Inventory	0.19	0.11	0.14	0.19	0.05	0.06
Prepaid Expenses	-	0.22	1.05	-	1.13	2.51
Other Current Assets	1.54	1.8	0.74	4.23	7.51	5.98
Total Current Assets	393.65	349	534.6	788.93	330.79	233.53
Property, Plant & Equipment	166.15	172.1	185.87	179.73	184.12	171.48
Long-Term Investments	-	314.92	216.08	-	-	-
Other Intangible Assets	75.09	57.63	25.91	26.75	27.8	28.68
Long-Term Deferred Tax Assets	8.18	7.49	4.42	4.01	2.32	2.37
Long-Term Deferred Charges	22.69	21.98	11.68	6.31	5.89	7.43
Other Long-Term Assets	262.87	14.9	1.04	-	-	0.33
Total Assets	981.02	938.02	979.6	1,006	550.93	443.84
Accounts Payable	5.91	5.13	3.36	3.52	4.1	4.78
Accrued Expenses	34.18	32.19	35.33	33.81	31.36	26.66
Current Portion of Leases	5.2	4.04	3.08	2.55	2.12	-
Current Income Taxes Payable	4.21	4.35	-	-	-	-
Current Unearned Revenue	286.99	212.92	215.05	226.32	229.16	190.37
Other Current Liabilities	7.02	24.73	0.68	0.7	0.49	0.54
Total Current Liabilities	343.52	283.37	257.49	266.89	267.24	222.34
Long-Term Leases	7.69	8.24	10.87	9.02	11.57	-
Long-Term Unearned Revenue	23.8	24.62	25.7	26.86	27.4	28.53
Long-Term Deferred Tax Liabilities	16.08	14.15	12.37	9.86	6.02	4.28
Total Liabilities	391.09	330.37	306.44	312.63	312.23	255.15
Common Stock	60.38	60	60	60	45	45
Additional Paid-In Capital	410.27	395.5	381.52	381.52	0.61	0.61
Retained Earnings	123.18	152.16	231.65	251.58	193.08	143.07
Shareholders' Equity	589.94	607.65	673.16	693.1	238.7	188.69
Total Liabilities & Equity	981.02	938.02	979.6	1,006	550.93	443.84
Total Debt	12.88	12.28	13.95	11.56	13.69	-
Net Cash (Debt)	364.74	322.65	512.88	768.38	304.22	222.6
Net Cash Growth	30.22%	-37.09%	-33.25%	152.57%	36.66%	46.38%
Net Cash Per Share	6.06	5.40	8.57	16.18	6.75	4.95
Filing Date Shares Outstanding	60.38	60	60	60	45	45
Total Common Shares Outstanding	60.38	60	60	60	45	45
Working Capital	50.13	65.63	277.11	522.03	63.55	11.19
Book Value Per Share	9.83	10.13	11.22	11.55	5.30	4.19
Tangible Book Value	466.37	550.02	647.26	666.35	210.89	160
Tangible Book Value Per Share	7.72	9.17	10.79	11.11	4.69	3.56
Buildings	-	194.01	194.01	193.38	192.28	185.97
Machinery	-	37.37	33.68	29.3	25.14	22.36
Construction In Progress	-	1.48	7.83	-	0.04	0.92

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