Sailvan Times 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	654.38	1,120	924.41	764.3	723.09	400.46
Short-Term Investments	225.53	276.06	11.47	63.63	-	-
Trading Asset Securities	949.64	465.73	199.68	617.14	10	-
Cash & Short-Term Investments	1,830	1,862	1,136	1,445	733.09	400.46
Cash Growth	93.38%	63.98%	-21.42%	97.12%	83.06%	11.52%
Accounts Receivable	326.29	344.94	318.84	226.57	271.67	158.76
Other Receivables	68.47	137.83	124.86	82.43	84	88.1
Receivables	394.76	482.77	443.7	309	355.67	246.86
Inventory	1,201	1,277	1,805	802.5	604.78	892.01
Other Current Assets	120.03	43.69	54.27	36.5	39.5	39.68
Total Current Assets	3,546	3,666	3,438	2,593	1,733	1,579
Property, Plant & Equipment	662.23	700.7	744.47	421.1	496.3	549.92
Long-Term Investments	173.48	181.39	396.23	53.68	3.84	3.05
Other Intangible Assets	152.94	154.45	2.52	3.08	1.01	1.64
Long-Term Accounts Receivable	12.31	15.02	23.49	15.39	14.07	12.37
Long-Term Deferred Tax Assets	49.27	55.56	57.83	43.54	39.4	31.1
Long-Term Deferred Charges	41.59	49.82	52.23	59.75	71.26	59.77
Other Long-Term Assets	-	0.75	27.62	433.54	2.88	6.04
Total Assets	4,637	4,823	4,743	3,623	2,362	2,243
Accounts Payable	646.29	683.46	569.69	380.86	182.1	231.75
Accrued Expenses	42.91	132.87	148.87	110.91	87.15	91.17
Short-Term Debt	233.41	245.56	608.25	109.65	17.83	-
Current Portion of Leases	154.89	159.52	145.65	97.93	82.33	86.67
Current Income Taxes Payable	65.62	64.99	24.72	37.97	22.67	27.95
Current Unearned Revenue	32.6	40.48	43.32	28.33	23.97	22.48
Other Current Liabilities	179.14	235.34	151.41	25.88	19.42	15
Total Current Liabilities	1,355	1,562	1,692	791.53	435.46	475.02
Long-Term Leases	481.55	518.34	589.26	334.25	416.59	460.52
Long-Term Deferred Tax Liabilities	0.99	0.9	0.72	1.93	0.06	-
Other Long-Term Liabilities	-	-	-	81	53.89	41.49
Total Liabilities	1,837	2,081	2,282	1,209	906	977.04
Common Stock	403.46	403.46	400.1	400.1	360	360
Additional Paid-In Capital	941.78	927.43	825.6	775.21	92.21	92.21
Retained Earnings	1,460	1,418	1,236	1,241	1,006	819.57
Comprehensive Income & Other	-5.37	-6.75	-0.47	-2.37	-2.37	-5.91
Shareholders' Equity	2,800	2,742	2,461	2,414	1,456	1,266
Total Liabilities & Equity	4,637	4,823	4,743	3,623	2,362	2,243
Total Debt	869.85	923.42	1,343	541.82	516.75	547.2
Net Cash (Debt)	959.69	938.72	-207.59	903.24	216.34	-146.73
Net Cash Growth	-	-	-	317.50%	-	-
Net Cash Per Share	2.36	2.31	-0.52	2.40	0.60	-0.41
Filing Date Shares Outstanding	403.46	403.46	400.1	400.1	360	360
Total Common Shares Outstanding	403.46	403.46	400.1	400.1	360	360
Working Capital	2,191	2,103	1,746	1,802	1,298	1,104
Book Value Per Share	6.94	6.80	6.15	6.03	4.04	3.52
Tangible Book Value	2,647	2,587	2,458	2,411	1,455	1,264
Tangible Book Value Per Share	6.56	6.41	6.14	6.03	4.04	3.51
Machinery	-	167.43	122.79	82.03	72.53	59.25
Construction In Progress	-	-	9.94	-	-	-

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