Ugreen Group 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,220	1,394	1,143	992.31	876.18	548.64
Short-Term Investments	-	50.8	50.23	-	-	-
Trading Asset Securities	307.87	380.52	691.31	-	-	6
Cash & Short-Term Investments	1,528	1,825	1,884	992.31	876.18	554.64
Cash Growth	-13.92%	-3.15%	89.89%	13.26%	57.97%	70.92%
Accounts Receivable	372.11	346.84	99.65	137.34	62.41	30.74
Other Receivables	114.11	22.07	5.46	4.89	9.05	2.98
Receivables	486.22	368.91	105.11	142.22	71.47	33.72
Inventory	2,214	2,001	1,235	995.85	739.38	726.16
Other Current Assets	400.97	449.62	129.58	120.71	92.1	96.95
Total Current Assets	4,629	4,644	3,354	2,251	1,779	1,411
Property, Plant & Equipment	192.73	175.16	141.2	146.22	167.44	101.32
Long-Term Investments	16.01	16.01	333.45	-	-	-
Other Intangible Assets	10.93	11.18	8.87	5.46	3.4	2.98
Long-Term Accounts Receivable	0.98	1.09	0.6	0.3	-	-
Long-Term Deferred Tax Assets	59.89	52.24	35.57	26.25	52.53	30.69
Long-Term Deferred Charges	29.38	25.25	20.28	19.22	29.3	16.09
Other Long-Term Assets	4.32	4.07	1.36	4.61	2.14	2.13
Total Assets	4,943	4,929	3,895	2,453	2,034	1,565
Accounts Payable	675.12	805.58	554.09	355.79	298.41	245.21
Accrued Expenses	131.56	324.88	161.91	111.08	100.58	85.21
Current Portion of Leases	44.25	40.5	22.7	31.89	32.91	23.54
Current Income Taxes Payable	154.25	46.27	22.92	21.18	18.16	28.89
Current Unearned Revenue	66.5	95.07	61.96	33.97	50.52	42.23
Other Current Liabilities	80.81	77.42	38.38	18.37	14.19	10.66
Total Current Liabilities	1,152	1,390	861.95	572.28	514.78	435.74
Long-Term Leases	113.58	106.72	95.54	95.18	116.83	61.69
Long-Term Deferred Tax Liabilities	-	-	-	-	32.11	14.81
Other Long-Term Liabilities	30.09	24.78	12.62	9.38	4.71	5.75
Total Liabilities	1,296	1,521	970.1	676.84	668.42	517.99
Common Stock	414.91	414.91	414.91	373.41	373.41	373.41
Additional Paid-In Capital	1,101	1,100	1,072	301.05	282.12	231.89
Retained Earnings	2,103	1,866	1,410	1,072	684.65	416.97
Comprehensive Income & Other	0.86	0.86	-	-	-	-
Total Common Equity	3,620	3,381	2,897	1,747	1,340	1,022
Minority Interest	26.75	26.75	27.89	29.69	25.32	24.42
Shareholders' Equity	3,647	3,408	2,925	1,776	1,365	1,047
Total Liabilities & Equity	4,943	4,929	3,895	2,453	2,034	1,565
Total Debt	157.83	147.21	118.24	127.07	149.74	85.22
Net Cash (Debt)	1,370	1,678	1,766	865.24	726.43	469.42
Net Cash Growth	-15.30%	-5.00%	104.11%	19.11%	54.75%	44.66%
Net Cash Per Share	3.30	4.04	4.52	2.32	1.95	1.30
Filing Date Shares Outstanding	414.91	414.91	414.91	373.41	372.08	373.41
Total Common Shares Outstanding	414.91	414.91	414.91	373.41	372.08	373.41
Working Capital	3,476	3,254	2,492	1,679	1,264	975.73
Book Value Per Share	8.72	8.15	6.98	4.68	3.60	2.74
Tangible Book Value	3,609	3,370	2,888	1,741	1,337	1,019
Tangible Book Value Per Share	8.70	8.12	6.96	4.66	3.59	2.73
Machinery	-	89.04	69.24	56.2	45.72	33.7
Construction In Progress	-	0.56	0.62	-	0.19	0.41

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