JIADE Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	19.77	3.92	7.08	2.6	0.01
Short-Term Investments	1.68	-	-	0.3	0.3
Cash & Short-Term Investments	21.46	3.92	7.08	2.9	0.31
Cash Growth	447.64%	-44.67%	143.96%	850.83%	-
Accounts Receivable	6.26	10.56	7.82	6.4	0.13
Other Receivables	1.94	4.64	0.04	0.02	0.85
Receivables	10.93	15.21	7.86	6.41	0.98
Prepaid Expenses	11.94	8.62	-	-	-
Other Current Assets	43.58	3.28	7.87	0.75	-
Total Current Assets	87.9	31.03	22.81	10.07	1.28
Property, Plant & Equipment	5.22	1.35	0.36	2.97	2.54
Goodwill	26.55	-	-	-	-
Other Intangible Assets	24.04	16.94	1.99	0.23	-
Long-Term Deferred Tax Assets	0.23	0.02	-	-	0.03
Other Long-Term Assets	-	32	0.07	0.16	0.09
Total Assets	143.95	81.33	25.23	13.43	3.94
Accounts Payable	-	-	0	0.18	0.28
Accrued Expenses	4.06	2.76	1.82	1.25	0.28
Short-Term Debt	15.24	4	3	0.61	0.57
Current Portion of Long-Term Debt	-	-	-	0.25	-
Current Portion of Leases	0.48	0.5	0.15	0.32	0.06
Current Income Taxes Payable	1.45	1.61	2.37	0.85	-
Current Unearned Revenue	0.04	0.62	0.06	0.02	0.19
Other Current Liabilities	0.46	0.28	-	-	0.4
Total Current Liabilities	21.74	9.76	7.41	3.48	1.77
Long-Term Debt	1	-	-	0.35	-
Long-Term Leases	0.48	0.27	-	2.09	2.01
Total Liabilities	23.22	10.04	7.41	5.92	3.79
Common Stock	0.02	0	1.54	1.54	1.54
Additional Paid-In Capital	127.45	50.18	2.73	1.98	-
Retained Earnings	9.95	20.55	14.95	5.46	0.15
Comprehensive Income & Other	-16.84	0.42	-1.54	-1.54	-1.54
Total Common Equity	120.58	71.15	17.68	7.45	0.15
Minority Interest	0.15	0.15	0.15	0.06	0
Shareholders' Equity	120.73	71.3	17.82	7.51	0.15
Total Liabilities & Equity	143.95	81.33	25.23	13.43	3.94
Total Debt	17.2	4.77	3.15	3.62	2.64
Net Cash (Debt)	4.25	-0.85	3.93	-0.72	-2.33
Net Cash Per Share	15.43	-6.93	35.34	-6.44	-20.99
Filing Date Shares Outstanding	4.31	0.12	0.11	0.11	0.11
Total Common Shares Outstanding	0.93	0.12	0.11	0.11	0.11
Working Capital	66.16	21.26	15.4	6.59	-0.49
Book Value Per Share	129.00	579.97	158.99	66.98	1.32
Tangible Book Value	69.99	54.21	15.69	7.21	0.15
Tangible Book Value Per Share	74.87	441.85	141.09	64.89	1.32
Machinery	1.63	1.21	0.61	0.61	0.53
Leasehold Improvements	4.08	-	-	0.41	-

Source: S&P Capital IQ. Standard template. Financial Sources.