XINHUA WINSHARE (00811) Balance Sheet

10.290
+0.010+0.10%

Market Closed May 22 15:58 CST

12.70BMarket Cap7.16P/E (TTM)

All

YOY

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(Q1)Mar 31, 2026

(FY)Dec 31, 2025

(Q9)Sep 30, 2025

(Q6)Jun 30, 2025

(Q1)Mar 31, 2025

(FY)Dec 31, 2024

(Q9)Sep 30, 2024

(Q6)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

Assets

Current assets

Inventory

0.34%2.67B

-5.88%2.28B

3.43%3.21B

2.17%2.4B

-9.26%2.66B

-8.28%2.42B

-2.75%3.11B

1.44%2.35B

4.32%2.93B

2.66%2.64B

Accounts receivable

16.23%2.31B

6.86%1.63B

4.64%2.49B

-1.63%1.72B

-3.15%1.99B

3.36%1.53B

-4.28%2.38B

1.22%1.74B

-9.36%2.05B

-13.00%1.48B

Notes receivable

----

-75.15%933.79K

-62.41%929.96K

35.80%2.45M

38.49%3.2M

29.31%3.76M

Advance deposits and other receivables

43.12%105.38M

56.85%101.66M

33.35%113.84M

16.82%92.21M

10.24%73.63M

16.82%64.82M

-13.80%85.37M

1.28%78.93M

-21.57%66.79M

-29.40%55.48M

Cash and equivalents

-7.57%8.51B

-3.99%8.81B

1.61%8.63B

11.82%9.22B

2.48%9.21B

0.68%9.18B

3.38%8.5B

3.34%8.24B

11.98%8.98B

16.87%9.12B

Financial assets at fair value-current assets

5.75%50.23K

-21.35%47.29K

27.92%41.36K

-50.97%38.59K

-5.26%47.49K

1,051.78%60.12K

--32.33K

--78.71K

1,814.80%50.13K

--5.22K

Other current assets

5.03%86.89M

-5.89%72.57M

-46.33%69.34M

-65.18%68.71M

-83.76%82.73M

-84.84%77.12M

-72.16%129.2M

-61.67%197.32M

73.58%509.49M

53.63%508.62M

Special items of current assets

-51.01%20.56M

-54.31%22.51M

-51.74%27.79M

-47.49%37.13M

-35.24%41.97M

-29.39%49.26M

-37.68%57.59M

-22.87%70.71M

-28.86%64.81M

-40.49%69.76M

Total current assets

-2.34%13.9B

-3.69%13.1B

2.17%14.75B

6.70%13.83B

-3.42%14.23B

-2.89%13.6B

-2.10%14.43B

0.09%12.96B

7.49%14.74B

9.87%14.01B

Non-current assets

Fixed assets

-0.69%2.31B

-0.54%2.35B

0.99%2.4B

-2.78%2.32B

-1.44%2.33B

-0.88%2.36B

-0.43%2.38B

-0.15%2.39B

-2.53%2.36B

-2.98%2.38B

Investment property

-2.06%74.18M

-2.01%75.06M

-4.85%75.93M

-4.54%76.82M

-18.65%75.74M

-18.64%76.6M

-16.17%79.8M

-16.39%80.47M

-4.32%93.1M

-1.93%94.15M

Construction in progress

-95.00%4.04M

-95.39%3.39M

-82.86%11.55M

64.31%82.94M

220.17%80.84M

86.27%73.67M

82.07%67.39M

-11.17%50.48M

-54.31%25.25M

-16.24%39.55M

Long-term receivables

-51.93%15.9M

-65.06%13.69M

-46.41%17.6M

70.64%25.18M

-2.99%33.07M

13.40%39.19M

14.71%32.84M

-75.81%14.76M

-46.93%34.09M

-65.58%34.56M

Development expenditure

158.81%9.76M

104.26%7.65M

17.82%7.95M

150.67%6.58M

212.14%3.77M

258.26%3.75M

354.62%6.75M

67.66%2.62M

-27.77%1.21M

-26.81%1.05M

long-term investment

9.17%878.94M

8.09%871.59M

5.70%824.35M

6.84%821.56M

3.32%805.13M

4.52%806.32M

4.35%779.9M

0.09%768.95M

3.43%779.26M

3.08%771.48M

Intangible assets

-6.78%306.7M

-6.61%313.8M

-8.07%316.33M

-8.77%320.57M

-8.60%329.02M

-9.15%336.02M

-8.69%344.09M

-9.07%351.38M

-8.89%359.97M

-5.49%369.85M

Goodwill

0.00%622.65M

Deferred tax assets

-3.50%6.96M

-92.74%7.22M

-88.97%7.22M

-89.24%7.22M

-85.68%7.22M

317.02%99.33M

174.66%65.42M

180.62%67.04M

110.96%50.4M

Other illiquid assets

49.84%3.26B

57.12%3.15B

56.63%2.9B

19.74%2.15B

150.53%2.18B

131.30%2B

167.67%1.85B

231.07%1.79B

30.97%869.33M

33.03%865.43M

Special items of non-current assets

22.59%29.83M

8.42%28.69M

-6.58%27.58M

-13.72%26.65M

-19.96%24.33M

-19.67%26.46M

-16.09%29.52M

-24.32%30.89M

-31.75%30.4M

-25.74%32.94M

Total non-current assets

10.13%10.48B

11.28%10.34B

11.62%10.21B

8.97%9.73B

19.15%9.52B

19.49%9.3B

16.05%9.14B

12.57%8.93B

2.42%7.99B

-1.55%7.78B

Total assets

2.66%24.38B

2.38%23.44B

5.83%24.95B

7.63%23.56B

4.51%23.75B

5.10%22.9B

4.22%23.58B

4.83%21.89B

5.65%22.72B

5.50%21.79B

Liabilities

Current liabilities

Accounts payable

-2.90%5.71B

-5.32%5.16B

-3.45%6.23B

0.74%5.47B

-1.86%5.88B

-0.31%5.45B

3.26%6.46B

6.03%5.43B

4.01%5.99B

0.84%5.47B

Notes payable

----

-99.20%114K

-99.69%73.8K

-84.54%4.23M

-87.64%4.49M

-65.00%14.25M

373.61%23.68M

-12.65%27.35M

21.91%36.3M

Tax payable

71.15%44.33M

12.52%47.29M

-68.11%35.96M

-74.62%24.94M

-71.05%25.9M

-40.39%42.02M

69.72%112.76M

76.45%98.28M

28.61%89.47M

-0.18%70.5M

Other payables and accrued expenses

17.26%383.59M

-1.38%304.19M

8.41%323.51M

0.95%480.99M

-19.49%327.14M

-45.33%308.45M

-20.11%298.42M

-14.30%476.47M

-8.21%406.33M

39.52%564.18M

Advance payment

-79.07%589.72K

351.40%7.51M

42.62%2.63M

-37.36%1.91M

653.88%2.82M

220.19%1.66M

-18.13%1.84M

124.34%3.05M

-72.68%373.66K

-55.50%519.38K

Short-term borrowing

244.50%34.45M

0.00%10M

--10M

0.00%10M

----

-44.44%10M

Other current liabilities

-21.81%149.06M

-23.30%141.38M

-24.80%157.83M

-23.53%161.94M

-15.27%190.64M

-18.03%184.33M

-10.91%209.88M

-6.28%211.77M

1.37%224.99M

5.16%224.86M

Special items of current liabilities

1.72%85.16M

9.20%83.93M

5.95%79.66M

0.13%82.03M

-6.35%83.72M

-18.90%76.86M

-20.66%75.18M

-11.52%81.92M

-0.26%89.4M

3.43%94.78M

Total current liabilities

-1.24%8.01B

-3.10%7.36B

2.77%9.12B

1.48%7.56B

-3.05%8.11B

-3.56%7.59B

-0.47%8.87B

4.01%7.45B

2.06%8.37B

4.40%7.87B

Net current assets

-3.81%5.89B

-4.44%5.74B

1.21%5.63B

13.75%6.27B

-3.92%6.12B

-2.03%6.01B

-4.60%5.56B

-4.75%5.51B

15.57%6.37B

17.80%6.13B

Total assets less current liabilities

4.68%16.37B

5.11%16.09B

7.68%15.84B

10.80%16B

8.92%15.64B

10.00%15.31B

7.27%14.71B

5.26%14.44B

7.87%14.36B

6.14%13.91B

Non-current liabilities

Long-term accounts payable

--5.37M

----

Long-term remuneration payable to staff and workers

----

-7.73%30.58M

Financial lease liabilities-non-current liabilities

-20.25%241.35M

49.17%268.41M

52.43%273.01M

34.71%304.9M

33.23%302.63M

-22.08%179.94M

-22.82%179.1M

-20.86%226.33M

-23.35%227.15M

-26.58%230.93M

Deferred tax liability

20.20%77.67M

17.39%76.14M

-75.44%67.82M

-73.28%67.51M

-74.73%64.62M

-70.20%64.86M

281.90%276.16M

240.80%252.68M

212.43%255.69M

194.63%217.64M

Deferred income-non-current liabilities

61.33%85.23M

60.63%85.84M

116.25%61.09M

100.74%54.21M

175.15%52.83M

166.07%53.44M

24.44%28.25M

4.56%27.01M

-37.71%19.2M

-20.80%20.08M

Total non-current liabilities

-2.49%409.61M

46.11%435.77M

-16.88%401.92M

-15.69%426.63M

-16.33%420.07M

-40.26%298.24M

35.19%483.51M

21.48%506.02M

13.72%502.04M

11.71%499.23M

Total liabilities

-1.30%8.42B

-1.24%7.79B

1.75%9.52B

0.39%7.99B

-3.80%8.53B

-5.75%7.89B

0.91%9.35B

4.97%7.95B

2.65%8.87B

4.81%8.37B

Total assets less total liabilities

4.87%15.96B

4.29%15.65B

8.51%15.44B

11.76%15.58B

9.84%15.22B

11.87%15.01B

6.52%14.22B

4.76%13.94B

7.67%13.86B

5.94%13.41B

Total equity and non-current liabilities

4.68%16.37B

5.11%16.09B

7.68%15.84B

10.80%16B

8.92%15.64B

10.00%15.31B

7.27%14.71B

5.26%14.44B

7.87%14.36B

6.14%13.91B

Equity

Share capital

0.00%1.23B

Capital reserve

0.00%2.52B

0.04%2.52B

-1.90%2.52B

Undistributed profit

8.64%8.5B

8.97%8.24B

10.35%8.03B

11.38%7.91B

10.35%7.82B

9.89%7.56B

10.20%7.28B

10.53%7.1B

12.79%7.09B

13.10%6.88B

Shareholders' Equity

5.02%15.56B

4.48%15.26B

8.30%14.99B

11.61%15.13B

9.67%14.81B

11.75%14.61B

5.29%13.84B

3.45%13.56B

6.42%13.51B

4.65%13.07B

Non-controlling interest

-0.49%404.13M

-2.57%390.17M

16.37%448.83M

16.90%443.96M

16.37%406.11M

16.69%400.47M

83.30%385.7M

91.02%379.77M

97.13%348.97M

99.48%343.21M

Total equity

4.87%15.96B

4.29%15.65B

8.51%15.44B

11.76%15.58B

9.84%15.22B

11.87%15.01B

6.52%14.22B

4.76%13.94B

7.67%13.86B

5.94%13.41B

Total equity and total liabilities

2.66%24.38B

2.38%23.44B

5.83%24.95B

7.63%23.56B

4.51%23.75B

5.10%22.9B

4.22%23.58B

4.83%21.89B

5.65%22.72B

5.50%21.79B

Currency Unit

CNY

Accounting Standards

CAS (2007)

Audit Opinions

Unqualified Opinion

Auditor

KPMG Huazhen Certified Public Accountants (Special General Partnership)

Deloitte Touche Tohmatsu会计师事务所

	(Q1)Mar 31, 2026	(FY)Dec 31, 2025	(Q9)Sep 30, 2025	(Q6)Jun 30, 2025	(Q1)Mar 31, 2025	(FY)Dec 31, 2024	(Q9)Sep 30, 2024	(Q6)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023
Assets
Current assets
Inventory	0.34%2.67B	-5.88%2.28B	3.43%3.21B	2.17%2.4B	-9.26%2.66B	-8.28%2.42B	-2.75%3.11B	1.44%2.35B	4.32%2.93B	2.66%2.64B
Accounts receivable	16.23%2.31B	6.86%1.63B	4.64%2.49B	-1.63%1.72B	-3.15%1.99B	3.36%1.53B	-4.28%2.38B	1.22%1.74B	-9.36%2.05B	-13.00%1.48B
Notes receivable	----	----	----	----	----	-75.15%933.79K	-62.41%929.96K	35.80%2.45M	38.49%3.2M	29.31%3.76M
Advance deposits and other receivables	43.12%105.38M	56.85%101.66M	33.35%113.84M	16.82%92.21M	10.24%73.63M	16.82%64.82M	-13.80%85.37M	1.28%78.93M	-21.57%66.79M	-29.40%55.48M
Cash and equivalents	-7.57%8.51B	-3.99%8.81B	1.61%8.63B	11.82%9.22B	2.48%9.21B	0.68%9.18B	3.38%8.5B	3.34%8.24B	11.98%8.98B	16.87%9.12B
Financial assets at fair value-current assets	5.75%50.23K	-21.35%47.29K	27.92%41.36K	-50.97%38.59K	-5.26%47.49K	1,051.78%60.12K	--32.33K	--78.71K	1,814.80%50.13K	--5.22K
Other current assets	5.03%86.89M	-5.89%72.57M	-46.33%69.34M	-65.18%68.71M	-83.76%82.73M	-84.84%77.12M	-72.16%129.2M	-61.67%197.32M	73.58%509.49M	53.63%508.62M
Special items of current assets	-51.01%20.56M	-54.31%22.51M	-51.74%27.79M	-47.49%37.13M	-35.24%41.97M	-29.39%49.26M	-37.68%57.59M	-22.87%70.71M	-28.86%64.81M	-40.49%69.76M
Total current assets	-2.34%13.9B	-3.69%13.1B	2.17%14.75B	6.70%13.83B	-3.42%14.23B	-2.89%13.6B	-2.10%14.43B	0.09%12.96B	7.49%14.74B	9.87%14.01B
Non-current assets
Fixed assets	-0.69%2.31B	-0.54%2.35B	0.99%2.4B	-2.78%2.32B	-1.44%2.33B	-0.88%2.36B	-0.43%2.38B	-0.15%2.39B	-2.53%2.36B	-2.98%2.38B
Investment property	-2.06%74.18M	-2.01%75.06M	-4.85%75.93M	-4.54%76.82M	-18.65%75.74M	-18.64%76.6M	-16.17%79.8M	-16.39%80.47M	-4.32%93.1M	-1.93%94.15M
Construction in progress	-95.00%4.04M	-95.39%3.39M	-82.86%11.55M	64.31%82.94M	220.17%80.84M	86.27%73.67M	82.07%67.39M	-11.17%50.48M	-54.31%25.25M	-16.24%39.55M
Long-term receivables	-51.93%15.9M	-65.06%13.69M	-46.41%17.6M	70.64%25.18M	-2.99%33.07M	13.40%39.19M	14.71%32.84M	-75.81%14.76M	-46.93%34.09M	-65.58%34.56M
Development expenditure	158.81%9.76M	104.26%7.65M	17.82%7.95M	150.67%6.58M	212.14%3.77M	258.26%3.75M	354.62%6.75M	67.66%2.62M	-27.77%1.21M	-26.81%1.05M
long-term investment	9.17%878.94M	8.09%871.59M	5.70%824.35M	6.84%821.56M	3.32%805.13M	4.52%806.32M	4.35%779.9M	0.09%768.95M	3.43%779.26M	3.08%771.48M
Intangible assets	-6.78%306.7M	-6.61%313.8M	-8.07%316.33M	-8.77%320.57M	-8.60%329.02M	-9.15%336.02M	-8.69%344.09M	-9.07%351.38M	-8.89%359.97M	-5.49%369.85M
Goodwill	0.00%622.65M	0.00%622.65M	0.00%622.65M	0.00%622.65M	0.00%622.65M	0.00%622.65M	0.00%622.65M	0.00%622.65M	0.00%622.65M	0.00%622.65M
Deferred tax assets	-3.50%6.96M	-3.50%6.96M	-92.74%7.22M	-88.97%7.22M	-89.24%7.22M	-85.68%7.22M	317.02%99.33M	174.66%65.42M	180.62%67.04M	110.96%50.4M
Other illiquid assets	49.84%3.26B	57.12%3.15B	56.63%2.9B	19.74%2.15B	150.53%2.18B	131.30%2B	167.67%1.85B	231.07%1.79B	30.97%869.33M	33.03%865.43M
Special items of non-current assets	22.59%29.83M	8.42%28.69M	-6.58%27.58M	-13.72%26.65M	-19.96%24.33M	-19.67%26.46M	-16.09%29.52M	-24.32%30.89M	-31.75%30.4M	-25.74%32.94M
Total non-current assets	10.13%10.48B	11.28%10.34B	11.62%10.21B	8.97%9.73B	19.15%9.52B	19.49%9.3B	16.05%9.14B	12.57%8.93B	2.42%7.99B	-1.55%7.78B
Total assets	2.66%24.38B	2.38%23.44B	5.83%24.95B	7.63%23.56B	4.51%23.75B	5.10%22.9B	4.22%23.58B	4.83%21.89B	5.65%22.72B	5.50%21.79B
Liabilities
Current liabilities
Accounts payable	-2.90%5.71B	-5.32%5.16B	-3.45%6.23B	0.74%5.47B	-1.86%5.88B	-0.31%5.45B	3.26%6.46B	6.03%5.43B	4.01%5.99B	0.84%5.47B
Notes payable	----	----	-99.20%114K	-99.69%73.8K	-84.54%4.23M	-87.64%4.49M	-65.00%14.25M	373.61%23.68M	-12.65%27.35M	21.91%36.3M
Tax payable	71.15%44.33M	12.52%47.29M	-68.11%35.96M	-74.62%24.94M	-71.05%25.9M	-40.39%42.02M	69.72%112.76M	76.45%98.28M	28.61%89.47M	-0.18%70.5M
Other payables and accrued expenses	17.26%383.59M	-1.38%304.19M	8.41%323.51M	0.95%480.99M	-19.49%327.14M	-45.33%308.45M	-20.11%298.42M	-14.30%476.47M	-8.21%406.33M	39.52%564.18M
Advance payment	-79.07%589.72K	351.40%7.51M	42.62%2.63M	-37.36%1.91M	653.88%2.82M	220.19%1.66M	-18.13%1.84M	124.34%3.05M	-72.68%373.66K	-55.50%519.38K
Short-term borrowing	244.50%34.45M	0.00%10M	--10M	0.00%10M	0.00%10M	0.00%10M	----	-44.44%10M	-44.44%10M	-44.44%10M
Other current liabilities	-21.81%149.06M	-23.30%141.38M	-24.80%157.83M	-23.53%161.94M	-15.27%190.64M	-18.03%184.33M	-10.91%209.88M	-6.28%211.77M	1.37%224.99M	5.16%224.86M
Special items of current liabilities	1.72%85.16M	9.20%83.93M	5.95%79.66M	0.13%82.03M	-6.35%83.72M	-18.90%76.86M	-20.66%75.18M	-11.52%81.92M	-0.26%89.4M	3.43%94.78M
Total current liabilities	-1.24%8.01B	-3.10%7.36B	2.77%9.12B	1.48%7.56B	-3.05%8.11B	-3.56%7.59B	-0.47%8.87B	4.01%7.45B	2.06%8.37B	4.40%7.87B
Net current assets	-3.81%5.89B	-4.44%5.74B	1.21%5.63B	13.75%6.27B	-3.92%6.12B	-2.03%6.01B	-4.60%5.56B	-4.75%5.51B	15.57%6.37B	17.80%6.13B
Total assets less current liabilities	4.68%16.37B	5.11%16.09B	7.68%15.84B	10.80%16B	8.92%15.64B	10.00%15.31B	7.27%14.71B	5.26%14.44B	7.87%14.36B	6.14%13.91B
Non-current liabilities
Long-term accounts payable	--5.37M	--5.37M	----	----	----	----	----	----	----	----
Long-term remuneration payable to staff and workers	----	----	----	----	----	----	----	----	----	-7.73%30.58M
Financial lease liabilities-non-current liabilities	-20.25%241.35M	49.17%268.41M	52.43%273.01M	34.71%304.9M	33.23%302.63M	-22.08%179.94M	-22.82%179.1M	-20.86%226.33M	-23.35%227.15M	-26.58%230.93M
Deferred tax liability	20.20%77.67M	17.39%76.14M	-75.44%67.82M	-73.28%67.51M	-74.73%64.62M	-70.20%64.86M	281.90%276.16M	240.80%252.68M	212.43%255.69M	194.63%217.64M
Deferred income-non-current liabilities	61.33%85.23M	60.63%85.84M	116.25%61.09M	100.74%54.21M	175.15%52.83M	166.07%53.44M	24.44%28.25M	4.56%27.01M	-37.71%19.2M	-20.80%20.08M
Total non-current liabilities	-2.49%409.61M	46.11%435.77M	-16.88%401.92M	-15.69%426.63M	-16.33%420.07M	-40.26%298.24M	35.19%483.51M	21.48%506.02M	13.72%502.04M	11.71%499.23M
Total liabilities	-1.30%8.42B	-1.24%7.79B	1.75%9.52B	0.39%7.99B	-3.80%8.53B	-5.75%7.89B	0.91%9.35B	4.97%7.95B	2.65%8.87B	4.81%8.37B
Total assets less total liabilities	4.87%15.96B	4.29%15.65B	8.51%15.44B	11.76%15.58B	9.84%15.22B	11.87%15.01B	6.52%14.22B	4.76%13.94B	7.67%13.86B	5.94%13.41B
Total equity and non-current liabilities	4.68%16.37B	5.11%16.09B	7.68%15.84B	10.80%16B	8.92%15.64B	10.00%15.31B	7.27%14.71B	5.26%14.44B	7.87%14.36B	6.14%13.91B
Equity
Share capital	0.00%1.23B	0.00%1.23B	0.00%1.23B	0.00%1.23B	0.00%1.23B	0.00%1.23B	0.00%1.23B	0.00%1.23B	0.00%1.23B	0.00%1.23B
Capital reserve	0.00%2.52B	0.00%2.52B	0.04%2.52B	0.04%2.52B	0.04%2.52B	0.04%2.52B	-1.90%2.52B	-1.90%2.52B	-1.90%2.52B	-1.90%2.52B
Undistributed profit	8.64%8.5B	8.97%8.24B	10.35%8.03B	11.38%7.91B	10.35%7.82B	9.89%7.56B	10.20%7.28B	10.53%7.1B	12.79%7.09B	13.10%6.88B
Shareholders' Equity	5.02%15.56B	4.48%15.26B	8.30%14.99B	11.61%15.13B	9.67%14.81B	11.75%14.61B	5.29%13.84B	3.45%13.56B	6.42%13.51B	4.65%13.07B
Non-controlling interest	-0.49%404.13M	-2.57%390.17M	16.37%448.83M	16.90%443.96M	16.37%406.11M	16.69%400.47M	83.30%385.7M	91.02%379.77M	97.13%348.97M	99.48%343.21M
Total equity	4.87%15.96B	4.29%15.65B	8.51%15.44B	11.76%15.58B	9.84%15.22B	11.87%15.01B	6.52%14.22B	4.76%13.94B	7.67%13.86B	5.94%13.41B
Total equity and total liabilities	2.66%24.38B	2.38%23.44B	5.83%24.95B	7.63%23.56B	4.51%23.75B	5.10%22.9B	4.22%23.58B	4.83%21.89B	5.65%22.72B	5.50%21.79B
Currency Unit	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY	CNY
Accounting Standards	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)	CAS (2007)
Audit Opinions	--	Unqualified Opinion	--	--	--	Unqualified Opinion	--	--	--	Unqualified Opinion
Auditor	--	KPMG Huazhen Certified Public Accountants (Special General Partnership)	--	--	--	KPMG Huazhen Certified Public Accountants (Special General Partnership)	--	--	--	Deloitte Touche Tohmatsu会计师事务所

FY: Financial Year. Refers to the 10-K file disclosed by the listed company to the SEC.

Q: Quarter. Refers to the 10-Q file disclosed by the listed company to the SEC. Q1, Q2, Q3, and Q4 are quarterly reports each with a span of 3 months; Q6 and Q9 are cumulative reports, with Q6 including 6 months and Q9 9 months.

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