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 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	Dec '21 Dec 31, 2021
Cash & Equivalents	455.8	480.22	1,084	912.23	257	109.79
Short-Term Investments	-	87.78	321.55	-	-	-
Trading Asset Securities	722.83	677.88	492.05	833.05	196.62	453.46
Cash & Short-Term Investments	1,179	1,246	1,898	1,745	453.62	563.24
Cash Growth	-22.48%	-34.34%	8.72%	284.75%	-19.46%	14.20%
Accounts Receivable	222.87	262.85	241.89	221.43	185.68	237.47
Other Receivables	23.62	11.2	10.07	7.89	16.55	18.89
Receivables	246.49	274.05	251.96	229.32	202.24	256.36
Inventory	269.61	261.63	271.68	234	214.1	273.03
Other Current Assets	60.7	50.5	40.91	30.81	16.54	12.12
Total Current Assets	1,755	1,832	2,462	2,239	886.49	1,105
Property, Plant & Equipment	551.16	502.41	363.16	343.88	325.73	260.66
Long-Term Investments	619.43	566.4	185.08	394.53	302.36	-
Other Intangible Assets	116.57	118.79	33.9	35.04	30.9	28.5
Long-Term Accounts Receivable	-	-	-	-	0.57	-
Long-Term Deferred Tax Assets	25.14	25.22	21.62	17.79	18.38	5.92
Long-Term Deferred Charges	10.72	12.34	14.97	10.35	10.08	9.26
Other Long-Term Assets	18.24	7.13	17.29	16.15	14.95	18.79
Total Assets	3,097	3,064	3,098	3,057	1,589	1,428
Accounts Payable	337.35	319.43	303.75	257.81	219.64	345.24
Accrued Expenses	41.73	52.22	52.46	46.14	40.88	39.59
Current Portion of Leases	19.3	20.11	23.11	19.02	24.72	21.32
Current Income Taxes Payable	10.39	6.26	0.24	2.14	7.22	7.85
Current Unearned Revenue	66.87	65.26	75.5	59.62	57.81	56.44
Other Current Liabilities	48.41	43.02	41.08	40.87	24.56	33.74
Total Current Liabilities	524.07	506.31	496.13	425.61	374.84	504.18
Long-Term Leases	16.44	21.51	40.46	53.54	64.57	3.13
Long-Term Unearned Revenue	1.83	1.93	3.22	1.31	1.86	1.39
Long-Term Deferred Tax Liabilities	7.94	9.35	14.55	14.01	12.39	0.01
Other Long-Term Liabilities	-	-	-	-	-	0.06
Total Liabilities	550.28	539.1	554.36	494.46	453.65	508.77
Common Stock	104.67	104.67	104.67	104.67	78.5	78.5
Additional Paid-In Capital	1,504	1,504	1,504	1,505	283.17	277.73
Retained Earnings	1,001	978.57	989.65	958.98	777.99	565.58
Treasury Stock	-49.5	-49.5	-49.5	-	-	-
Comprehensive Income & Other	-9.47	-4.82	-0.37	-0.29	-0.28	-
Total Common Equity	2,551	2,533	2,549	2,568	1,139	921.81
Minority Interest	-4.39	-7.5	-4.86	-5.33	-3.56	-2.7
Shareholders' Equity	2,546	2,525	2,544	2,563	1,136	919.11
Total Liabilities & Equity	3,097	3,064	3,098	3,057	1,589	1,428
Total Debt	35.74	41.62	63.57	72.55	89.29	24.45
Net Cash (Debt)	1,143	1,204	1,834	1,673	364.33	538.79
Net Cash Growth	-21.87%	-34.34%	9.64%	359.12%	-32.38%	9.24%
Net Cash Per Share	7.89	8.35	12.61	13.34	3.32	4.89
Filing Date Shares Outstanding	144.46	144.46	144.46	146.54	109.9	110.13
Total Common Shares Outstanding	144.46	144.46	144.46	146.54	109.9	110.13
Working Capital	1,231	1,326	1,966	1,814	511.65	600.58
Book Value Per Share	17.66	17.53	17.64	17.52	10.37	8.37
Tangible Book Value	2,434	2,414	2,515	2,533	1,108	893.31
Tangible Book Value Per Share	16.85	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