Up-shine Lighting 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	570.24	1,084	912.23	257	109.79	58.63
Short-Term Investments	-	321.55	-	-	-	-
Trading Asset Securities	613.49	492.05	833.05	196.62	453.46	434.59
Cash & Short-Term Investments	1,184	1,898	1,745	453.62	563.24	493.22
Cash Growth	-15.82%	8.72%	284.75%	-19.46%	14.20%	39.05%
Accounts Receivable	237.08	241.89	221.43	185.68	237.47	126.8
Other Receivables	17.59	10.07	7.89	16.55	18.89	18.04
Receivables	254.67	251.96	229.32	202.24	256.36	144.84
Inventory	218.62	271.68	234	214.1	273.03	160.48
Other Current Assets	367.82	40.91	30.81	16.54	12.12	16.95
Total Current Assets	2,025	2,462	2,239	886.49	1,105	815.5
Property, Plant & Equipment	405.41	363.16	343.88	325.73	260.66	224.55
Long-Term Investments	304.21	185.08	394.53	302.36	-	-
Other Intangible Assets	118.83	33.9	35.04	30.9	28.5	29.19
Long-Term Accounts Receivable	-	-	-	0.57	-	-
Long-Term Deferred Tax Assets	20.67	21.62	17.79	18.38	5.92	3.13
Long-Term Deferred Charges	11.41	14.97	10.35	10.08	9.26	1.03
Other Long-Term Assets	67.95	17.29	16.15	14.95	18.79	16.68
Total Assets	2,953	3,098	3,057	1,589	1,428	1,090
Accounts Payable	263.33	303.75	257.81	219.64	345.24	209.66
Accrued Expenses	27.43	52.46	46.14	40.88	39.59	26.65
Current Portion of Leases	21.1	23.11	19.02	24.72	21.32	-
Current Income Taxes Payable	7.9	0.24	2.14	7.22	7.85	1
Current Unearned Revenue	64.37	75.5	59.62	57.81	56.44	51.18
Other Current Liabilities	39.01	41.08	40.87	24.56	33.74	34.62
Total Current Liabilities	423.14	496.13	425.61	374.84	504.18	323.11
Long-Term Leases	26.29	40.46	53.54	64.57	3.13	-
Long-Term Unearned Revenue	2.74	3.22	1.31	1.86	1.39	1.1
Long-Term Deferred Tax Liabilities	16.3	14.55	14.01	12.39	0.01	-
Other Long-Term Liabilities	-	-	-	-	0.06	0.18
Total Liabilities	468.47	554.36	494.46	453.65	508.77	324.39
Common Stock	104.67	104.67	104.67	78.5	78.5	78.5
Additional Paid-In Capital	1,499	1,504	1,505	283.17	277.73	259
Retained Earnings	944.26	989.65	958.98	777.99	565.58	429.66
Treasury Stock	-49.5	-49.5	-	-	-	-
Comprehensive Income & Other	-6.57	-0.37	-0.29	-0.28	-	-
Total Common Equity	2,492	2,549	2,568	1,139	921.81	767.16
Minority Interest	-7.08	-4.86	-5.33	-3.56	-2.7	-1.47
Shareholders' Equity	2,485	2,544	2,563	1,136	919.11	765.69
Total Liabilities & Equity	2,953	3,098	3,057	1,589	1,428	1,090
Total Debt	47.39	63.57	72.55	89.29	24.45	-
Net Cash (Debt)	1,136	1,834	1,673	364.33	538.79	493.22
Net Cash Growth	-14.79%	9.64%	359.12%	-32.38%	9.24%	41.45%
Net Cash Per Share	10.86	17.66	18.68	4.65	6.85	6.29
Filing Date Shares Outstanding	103.19	103.19	104.67	78.5	78.66	78.5
Total Common Shares Outstanding	103.19	103.19	104.67	78.5	78.66	78.5
Working Capital	1,602	1,966	1,814	511.65	600.58	492.39
Book Value Per Share	24.15	24.70	24.53	14.51	11.72	9.77
Tangible Book Value	2,373	2,515	2,533	1,108	893.31	737.97
Tangible Book Value Per Share	23.00	24.37	24.20	14.12	11.36	9.40
Buildings	-	256.74	224.74	226.39	226.39	80.43
Machinery	-	122.26	99.88	85.3	68.11	47.83
Construction In Progress	-	51.27	53.63	6.04	0.03	136.92

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