Up-shine Lighting Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	428.33	480.22	1,084	912.23	257	109.79
Short-Term Investments	-	87.78	321.55	-	-	-
Trading Asset Securities	437.14	677.88	492.05	833.05	196.62	453.46
Cash & Short-Term Investments	865.46	1,246	1,898	1,745	453.62	563.24
Cash Growth	-26.89%	-34.34%	8.72%	284.75%	-19.46%	14.20%
Accounts Receivable	358	262.85	241.89	221.43	185.68	237.47
Other Receivables	17.39	11.2	10.07	7.89	16.55	18.89
Receivables	375.39	274.05	251.96	229.32	202.24	256.36
Inventory	430.47	261.63	271.68	234	214.1	273.03
Other Current Assets	214.92	50.5	40.91	30.81	16.54	12.12
Total Current Assets	1,886	1,832	2,462	2,239	886.49	1,105
Property, Plant & Equipment	791.32	502.41	363.16	343.88	325.73	260.66
Long-Term Investments	510.16	566.4	185.08	394.53	302.36	-
Other Intangible Assets	170.98	118.79	33.9	35.04	30.9	28.5
Long-Term Accounts Receivable	-	-	-	-	0.57	-
Long-Term Deferred Tax Assets	45.91	25.22	21.62	17.79	18.38	5.92
Long-Term Deferred Charges	19.52	12.34	14.97	10.35	10.08	9.26
Other Long-Term Assets	38.4	7.13	17.29	16.15	14.95	18.79
Total Assets	3,630	3,064	3,098	3,057	1,589	1,428

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Accounts Payable	439.52	319.43	303.75	257.81	219.64	345.24
Accrued Expenses	39.57	52.22	52.46	46.14	40.88	39.59
Short-Term Debt	66.99	-	-	-	-	-
Current Portion of Long-Term Debt	28.76	-	-	-	-	-
Current Portion of Leases	-	20.11	23.11	19.02	24.72	21.32
Current Income Taxes Payable	18.51	6.26	0.24	2.14	7.22	7.85
Current Unearned Revenue	82.49	65.26	75.5	59.62	57.81	56.44
Other Current Liabilities	154.2	43.02	41.08	40.87	24.56	33.74
Total Current Liabilities	830.04	506.31	496.13	425.61	374.84	504.18
Long-Term Debt	108.85	-	-	-	-	-
Long-Term Leases	22.82	21.51	40.46	53.54	64.57	3.13
Long-Term Unearned Revenue	5.31	1.93	3.22	1.31	1.86	1.39
Long-Term Deferred Tax Liabilities	31.2	9.35	14.55	14.01	12.39	0.01
Other Long-Term Liabilities	60	-	-	-	-	0.06
Total Liabilities	1,058	539.1	554.36	494.46	453.65	508.77

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Common Stock	145.94	104.67	104.67	104.67	78.5	78.5
Additional Paid-In Capital	1,486	1,504	1,504	1,505	283.17	277.73
Retained Earnings	920	978.57	989.65	958.98	777.99	565.58
Treasury Stock	-49.5	-49.5	-49.5	-	-	-
Comprehensive Income & Other	-11.27	-4.82	-0.37	-0.29	-0.28	-
Total Common Equity	2,491	2,533	2,549	2,568	1,139	921.81
Minority Interest	80.88	-7.5	-4.86	-5.33	-3.56	-2.7
Shareholders' Equity	2,572	2,525	2,544	2,563	1,136	919.11
Total Liabilities & Equity	3,630	3,064	3,098	3,057	1,589	1,428

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Total Debt	227.41	41.62	63.57	72.55	89.29	24.45
Net Cash (Debt)	638.05	1,204	1,834	1,673	364.33	538.79
Net Cash Growth	-43.85%	-34.34%	9.64%	359.12%	-32.38%	9.24%
Net Cash Per Share	4.45	8.35	12.61	13.34	3.32	4.89
Filing Date Shares Outstanding	141.8	144.46	144.46	146.54	109.9	110.13
Total Common Shares Outstanding	141.8	144.46	144.46	146.54	109.9	110.13
Working Capital	1,056	1,326	1,966	1,814	511.65	600.58
Book Value Per Share	17.57	17.53	17.64	17.52	10.37	8.37
Tangible Book Value	2,152	2,414	2,515	2,533	1,108	893.31
Tangible Book Value Per Share	15.18	16.71	17.41	17.29	10.09	8.11
Buildings	-	328.98	256.74	224.74	226.39	226.39
Machinery	-	134.3	122.26	99.88	85.3	68.11
Construction In Progress	-	162.35	51.27	53.63	6.04	0.03