Jiujiang Defu Technology 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	5,373	5,058	2,832	3,539	1,493	874.75
Trading Asset Securities	-	-	110.07	30.43	5.12	122.83
Cash & Short-Term Investments	5,373	5,058	2,942	3,569	1,498	997.59
Cash Growth	22.05%	71.91%	-17.56%	138.26%	50.16%	774.53%
Accounts Receivable	4,970	4,831	3,619	2,550	2,036	1,397
Other Receivables	178.68	232.99	2.35	9.55	5.01	4.88
Receivables	5,149	5,064	3,621	2,560	2,041	1,402
Inventory	2,353	1,872	1,538	1,740	1,152	638.26
Prepaid Expenses	-	6.02	7.74	2.52	31.34	-
Other Current Assets	553.92	301.44	242.41	179.99	143.28	93.84
Total Current Assets	13,429	12,302	8,352	8,051	4,866	3,131
Property, Plant & Equipment	6,660	6,509	5,890	5,264	4,422	2,178
Long-Term Investments	7.54	7.54	7.45	7.45	7.45	7.45
Other Intangible Assets	355.07	357.37	360.67	319.19	320.39	98.81
Long-Term Deferred Tax Assets	215.48	205.05	156.22	148.4	121.58	7.27
Long-Term Deferred Charges	1.86	2.19	1.63	2.84	1.18	0.97
Other Long-Term Assets	147.12	161.02	111.25	280.41	142.09	377.34
Total Assets	20,816	19,545	14,880	14,074	9,880	5,801
Accounts Payable	3,516	2,693	1,935	1,755	2,208	1,043
Accrued Expenses	50.95	71.68	49.62	38.35	35.59	42.5
Short-Term Debt	8,856	7,642	5,386	4,726	2,158	474.63
Current Portion of Long-Term Debt	848.77	555.04	640.21	551.68	494.02	232.74
Current Portion of Leases	-	345.92	26.28	-	-	-
Current Income Taxes Payable	23.32	3.48	0.66	34.3	36.49	50.45
Current Unearned Revenue	20.88	33.28	8.4	8.45	10.32	5.03
Other Current Liabilities	466.15	652.38	672.99	441.31	456.54	625.49
Total Current Liabilities	13,782	11,997	8,719	7,555	5,399	2,474
Long-Term Debt	1,258	1,208	854.88	1,186	1,159	1,003
Long-Term Leases	106.63	259.13	73.43	-	-	-
Long-Term Unearned Revenue	657.29	663.62	558.59	283.51	116.05	116.76
Long-Term Deferred Tax Liabilities	92.3	92.12	98.51	110.42	114.86	0.11
Total Liabilities	15,897	14,220	10,304	9,135	6,789	3,594
Common Stock	630.32	630.32	630.32	450.23	382.7	382.7
Additional Paid-In Capital	2,482	2,475	2,484	2,664	967.44	966.89
Retained Earnings	1,137	989.33	876.81	1,147	1,045	541.25
Comprehensive Income & Other	0.02	3.46	-0.3	0.8	0.37	-
Total Common Equity	4,157	4,098	3,991	4,262	2,395	1,891
Minority Interest	761.51	1,227	584.29	676.22	695.9	316.07
Shareholders' Equity	4,919	5,325	4,575	4,938	3,091	2,207
Total Liabilities & Equity	20,816	19,545	14,880	14,074	9,880	5,801
Total Debt	11,070	10,010	6,981	6,464	3,811	1,711
Net Cash (Debt)	-5,697	-4,952	-4,038	-2,895	-2,314	-712.98
Net Cash Per Share	-8.99	-7.86	-6.43	-7.20	-4.33	-1.39
Filing Date Shares Outstanding	630.32	630.32	630.32	630.32	535.78	513.83
Total Common Shares Outstanding	630.32	630.32	630.32	630.32	535.78	513.83
Working Capital	-353.41	305.31	-366.74	496	-533.13	657.03
Book Value Per Share	6.60	6.50	6.33	6.76	4.47	3.68
Tangible Book Value	3,802	3,740	3,630	3,943	2,075	1,792
Tangible Book Value Per Share	6.03	5.93	5.76	6.26	3.87	3.49
Buildings	-	2,914	2,600	1,865	1,587	830.59
Machinery	-	4,373	3,947	3,063	2,048	1,203
Construction In Progress	-	532.29	291.55	971.85	1,176	423.79