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 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	95.6	108.11	148.95	135.89	186.93	317.91
Short-Term Investments	-	200.21	64.46	57.3	-	-
Trading Asset Securities	24.34	24.57	121.52	333.64	593.01	-
Cash & Short-Term Investments	119.94	332.9	334.93	526.84	779.94	317.91
Cash Growth	-68.87%	-0.61%	-36.43%	-32.45%	145.33%	42.81%
Accounts Receivable	12.24	11.65	11.48	5.17	4.52	4.12
Other Receivables	1.13	0.76	0.46	0.66	0.05	0.07
Receivables	13.37	12.41	11.94	5.83	4.57	4.18
Inventory	0.11	0.13	0.11	0.14	0.19	0.05
Prepaid Expenses	-	0.29	0.22	1.05	-	1.13
Other Current Assets	165.61	12.58	1.8	0.74	4.23	7.51
Total Current Assets	299.03	358.31	349	534.6	788.93	330.79
Property, Plant & Equipment	158.92	162.64	172.1	185.87	179.73	184.12
Long-Term Investments	-	309.6	314.92	216.08	-	-
Goodwill	51.05	51.05	-	-	-	-
Other Intangible Assets	85.26	82.8	57.63	25.91	26.75	27.8
Long-Term Deferred Tax Assets	10.34	8.86	7.49	4.42	4.01	2.32
Long-Term Deferred Charges	19.41	20.12	21.98	11.68	6.31	5.89
Other Long-Term Assets	363.99	0.17	14.9	1.04	-	-
Total Assets	988	993.56	938.02	979.6	1,006	550.93
Accounts Payable	1.79	2.97	5.13	3.36	3.52	4.1
Accrued Expenses	22.65	45.06	32.19	35.33	33.81	31.36
Current Portion of Leases	-	4.66	4.04	3.08	2.55	2.12
Current Income Taxes Payable	6.12	2.04	4.35	-	-	-
Current Unearned Revenue	292.39	298.48	212.92	215.05	226.32	229.16
Other Current Liabilities	6.08	5.71	24.73	0.68	0.7	0.49
Total Current Liabilities	332.32	358.92	283.37	257.49	266.89	267.24
Long-Term Leases	5.99	6.61	8.24	10.87	9.02	11.57
Long-Term Unearned Revenue	23.26	23.53	24.62	25.7	26.86	27.4
Long-Term Deferred Tax Liabilities	16.05	16.5	14.15	12.37	9.86	6.02
Total Liabilities	377.62	405.56	330.37	306.44	312.63	312.23
Common Stock	60.38	60.38	60	60	60	45
Additional Paid-In Capital	414.64	411.98	395.5	381.52	381.52	0.61
Retained Earnings	133.78	115.15	152.16	231.65	251.58	193.08
Total Common Equity	608.8	587.51	607.65	673.16	693.1	238.7
Minority Interest	1.59	0.49	-	-	-	-
Shareholders' Equity	610.39	588	607.65	673.16	693.1	238.7
Total Liabilities & Equity	988	993.56	938.02	979.6	1,006	550.93
Total Debt	9.27	11.27	12.28	13.95	11.56	13.69
Net Cash (Debt)	110.67	321.62	322.65	512.88	768.38	304.22
Net Cash Growth	-70.02%	-0.32%	-37.09%	-33.25%	152.57%	36.66%
Net Cash Per Share	1.84	5.34	5.40	8.57	16.18	6.75
Filing Date Shares Outstanding	60.1	60.38	60	60	60	45
Total Common Shares Outstanding	60.1	60.38	60	60	60	45
Working Capital	-33.29	-0.61	65.63	277.11	522.03	63.55
Book Value Per Share	10.13	9.73	10.13	11.22	11.55	5.30
Tangible Book Value	472.49	453.66	550.02	647.26	666.35	210.89
Tangible Book Value Per Share	7.86	7.51	9.17	10.79	11.11	4.69
Buildings	-	195.45	194.01	194.01	193.38	192.28
Machinery	-	40.61	37.37	33.68	29.3	25.14
Construction In Progress	-	-	1.48	7.83	-	0.04

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