Pearl River Holdings Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	43.6	53.19	71.86	77.63	44.08	51.99
Short-Term Investments	-	-	1.35	-	-	-
Cash & Short-Term Investments	43.6	53.19	73.21	77.63	44.08	51.99
Cash Growth	-28.53%	-27.34%	-5.69%	76.10%	-15.22%	39.03%
Accounts Receivable	40.33	51.79	40.17	44.22	58.19	64.99
Other Receivables	8.14	8.99	9.23	5.96	6.13	4.16
Receivables	48.46	60.78	49.4	50.18	64.32	69.15
Inventory	52.82	44.42	35.83	35.1	47.33	33.36
Prepaid Expenses	-	-	-	-	3.97	3.22
Total Current Assets	144.88	158.39	158.44	162.9	159.71	157.72
Property, Plant & Equipment	80.89	83.92	38.1	46.74	49.71	45.79
Other Intangible Assets	0.7	0.87	1.03	-	-	-
Long-Term Deferred Tax Assets	11.57	11.91	4.19	5.94	-	-
Other Long-Term Assets	3.35	3.49	-	0.85	-	-
Total Assets	241.4	258.59	201.75	216.43	209.41	203.51
Accounts Payable	26.01	36.33	34.41	27.3	32	35.81
Accrued Expenses	-	-	-	-	7.69	8.32
Current Portion of Long-Term Debt	14.58	15.78	10	5.25	9.25	7
Current Portion of Leases	3.56	5.2	7.95	7.63	6.35	4.34
Current Income Taxes Payable	-	1.1	1.06	1.97	0.05	0.08
Current Unearned Revenue	2.98	2.34	2.6	-	-	-
Other Current Liabilities	1.25	1.25	1.73	1.52	2.28	2.8
Total Current Liabilities	48.39	62	57.75	43.67	57.61	58.35
Long-Term Debt	8.8	7.9	10	19	5	3.25
Long-Term Leases	42.26	44.03	8.91	16.24	19.02	18.29
Long-Term Deferred Tax Liabilities	10.63	11.56	4	5.7	0.48	0.46
Other Long-Term Liabilities	-	-	1.6	5.25	2.46	2.94
Total Liabilities	110.08	125.49	82.26	89.86	84.57	83.29
Common Stock	52.24	52.24	52.24	52.24	52.24	52.24
Additional Paid-In Capital	9.13	9.13	8.47	8.47	7.16	7.16
Retained Earnings	32.62	31.38	23.19	28.01	27.68	21.75
Comprehensive Income & Other	1.16	3.82	4.15	5.8	0.07	1.42
Total Common Equity	95.14	96.57	88.05	94.53	87.15	82.57
Minority Interest	36.18	36.53	31.44	32.05	37.69	37.65
Shareholders' Equity	131.33	133.1	119.5	126.57	124.84	120.22
Total Liabilities & Equity	241.4	258.59	201.75	216.43	209.41	203.51
Total Debt	69.21	72.92	36.86	48.12	39.62	32.88
Net Cash (Debt)	-25.61	-19.72	36.35	29.51	4.46	19.11
Net Cash Growth	-	-	23.18%	560.94%	-76.64%	387.27%
Net Cash Per Share	-0.94	-0.72	1.33	1.08	0.16	0.70
Filing Date Shares Outstanding	27.31	27.31	27.31	27.31	27.31	27.31
Total Common Shares Outstanding	27.31	27.31	27.31	27.31	27.31	27.31
Working Capital	96.5	96.39	100.69	119.24	102.09	99.38
Book Value Per Share	3.48	3.54	3.22	3.46	3.19	3.02
Tangible Book Value	94.44	95.69	87.03	94.53	87.15	82.57
Tangible Book Value Per Share	3.46	3.50	3.19	3.46	3.19	3.02
Machinery	-	114.77	108.82	105.2	100.65	95.06
Construction In Progress	-	12.66	-	-	-	-
Leasehold Improvements	-	15.29	14.95	14.5	13.6	12.89

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