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	Jun '26 Jun 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	457.62	480.22	1,084	912.23	257	109.79
Short-Term Investments	-	87.78	321.55	-	-	-
Trading Asset Securities	463.89	677.88	492.05	833.05	196.62	453.46
Cash & Short-Term Investments	921.51	1,246	1,898	1,745	453.62	563.24
Cash Growth	-42.45%	-34.34%	8.72%	284.75%	-19.46%	14.20%
Accounts Receivable	318.78	262.85	241.89	221.43	185.68	237.47
Other Receivables	19.99	11.2	10.07	7.89	16.55	18.89
Receivables	338.77	274.05	251.96	229.32	202.24	256.36
Inventory	393.99	261.63	271.68	234	214.1	273.03
Other Current Assets	158.4	50.5	40.91	30.81	16.54	12.12
Total Current Assets	1,813	1,832	2,462	2,239	886.49	1,105
Property, Plant & Equipment	721.84	502.41	363.16	343.88	325.73	260.66
Long-Term Investments	479	566.4	185.08	394.53	302.36	-
Other Intangible Assets	173.78	118.79	33.9	35.04	30.9	28.5
Long-Term Accounts Receivable	-	-	-	-	0.57	-
Long-Term Deferred Tax Assets	49.44	25.22	21.62	17.79	18.38	5.92
Long-Term Deferred Charges	9.76	12.34	14.97	10.35	10.08	9.26
Other Long-Term Assets	28.7	7.13	17.29	16.15	14.95	18.79
Total Assets	3,443	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	Jun '26 Jun 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	390.97	319.43	303.75	257.81	219.64	345.24
Accrued Expenses	45.47	52.22	52.46	46.14	40.88	39.59
Short-Term Debt	62.04	-	-	-	-	-
Current Portion of Long-Term Debt	40.58	-	-	-	-	-
Current Portion of Leases	-	20.11	23.11	19.02	24.72	21.32
Current Income Taxes Payable	13.68	6.26	0.24	2.14	7.22	7.85
Current Unearned Revenue	73.75	65.26	75.5	59.62	57.81	56.44
Other Current Liabilities	160.35	43.02	41.08	40.87	24.56	33.74
Total Current Liabilities	786.83	506.31	496.13	425.61	374.84	504.18
Long-Term Debt	6.15	-	-	-	-	-
Long-Term Leases	27.89	21.51	40.46	53.54	64.57	3.13
Long-Term Unearned Revenue	5.63	1.93	3.22	1.31	1.86	1.39
Long-Term Deferred Tax Liabilities	30.11	9.35	14.55	14.01	12.39	0.01
Other Long-Term Liabilities	60	-	-	-	-	0.06
Total Liabilities	916.62	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	Jun '26 Jun 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	1,482	1,504	1,504	1,505	283.17	277.73
Retained Earnings	884.39	978.57	989.65	958.98	777.99	565.58
Treasury Stock	-49.5	-49.5	-49.5	-	-	-
Comprehensive Income & Other	-11.3	-4.82	-0.37	-0.29	-0.28	-
Total Common Equity	2,452	2,533	2,549	2,568	1,139	921.81
Minority Interest	74.64	-7.5	-4.86	-5.33	-3.56	-2.7
Shareholders' Equity	2,526	2,525	2,544	2,563	1,136	919.11
Total Liabilities & Equity	3,443	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	Jun '26 Jun 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	136.67	41.62	63.57	72.55	89.29	24.45
Net Cash (Debt)	784.84	1,204	1,834	1,673	364.33	538.79
Net Cash Growth	-49.30%	-34.34%	9.64%	359.12%	-32.38%	9.24%
Net Cash Per Share	5.46	8.35	12.61	13.34	3.32	4.89
Filing Date Shares Outstanding	144.23	144.46	144.46	146.54	109.9	110.13
Total Common Shares Outstanding	144.23	144.46	144.46	146.54	109.9	110.13
Working Capital	1,026	1,326	1,966	1,814	511.65	600.58
Book Value Per Share	17.00	17.53	17.64	17.52	10.37	8.37
Tangible Book Value	2,110	2,414	2,515	2,533	1,108	893.31
Tangible Book Value Per Share	14.63	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