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	Sep '25 Sep 30, 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	49.64	53.19	71.86	77.63	44.08	51.99
Short-Term Investments	0.52	-	1.35	-	-	-
Cash & Short-Term Investments	50.15	53.19	73.21	77.63	44.08	51.99
Cash Growth	-13.70%	-27.34%	-5.69%	76.10%	-15.22%	39.03%
Accounts Receivable	64.75	51.79	40.17	44.22	58.19	64.99
Other Receivables	12.95	8.99	9.23	5.96	10.1	7.38
Total Trade Receivables	77.7	60.78	49.4	50.18	68.29	72.37
Inventory	51.91	44.42	35.83	35.1	47.33	33.36
Total Current Assets	179.77	158.39	158.44	162.91	159.71	157.72
Net Property, Plant & Equipment	79.6	83.92	38.1	46.74	49.71	45.79
Other Intangible Assets	0.37	0.87	1.03	-	-	-
Other Long-Term Assets	18.23	15.4	4.19	6.79	-	-
Total Assets	277.97	258.59	201.75	216.44	209.41	203.51
Accounts Payable	45.95	36.33	34.41	27.3	41.97	46.92
Short-Term Debt	38.98	15.78	10	5.25	9.25	7
Current Portion of Leases	3.69	5.2	7.95	7.63	6.35	4.34
Other Current Liabilities	-	4.69	5.39	3.49	0.05	0.08
Total Current Liabilities	88.62	62	57.75	43.67	57.61	58.35
Long-Term Debt	8.2	7.9	10	19	5	3.25
Long-Term Leases	41.47	44.03	8.91	16.24	19.02	18.29
Other Long-Term Liabilities	14.8	11.56	5.6	10.96	2.94	3.4
Total Long-Term Liabilities	64.47	63.49	24.5	46.19	26.96	24.94
Total Liabilities	153.09	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
Accumulated Other Comprehensive Income	-5.15	3.82	4.15	5.8	0.07	1.42
Retained Earnings	33.27	31.38	23.19	28.01	27.68	21.75
Total Common Shareholders' Equity	89.5	96.57	88.05	94.53	87.15	82.57
Minority Interest	35.37	36.53	31.44	32.05	37.69	37.65
Shareholders' Equity	124.87	133.1	119.5	126.57	124.84	120.22
Total Liabilities & Equity	277.97	258.59	201.75	216.44	209.41	203.51
Total Debt	92.34	72.92	36.86	48.12	39.62	32.88
Net Cash (Debt)	-42.19	-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	-1.65	-0.72	1.33	1.08	0.16	0.70
Book Value	89.5	96.57	88.05	94.53	87.15	82.57
Book Value Per Share	3.49	3.54	3.22	3.45	3.19	3.02
Tangible Book Value	89.13	95.69	87.03	94.53	87.15	82.57
Tangible Book Value Per Share	3.48	3.50	3.19	3.45	3.19	3.02