Zhejiang Shibao Company 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	529.41	419.98	159.63	232.23	195.85	166.39
Trading Asset Securities	15.3	70.32	110.25	120.39	70.39	0.9
Cash & Short-Term Investments	544.71	490.3	269.89	352.62	266.24	167.29
Cash Growth	33.78%	81.67%	-23.46%	32.45%	59.14%	-17.11%
Accounts Receivable	1,418	1,257	917.54	591.61	473.56	513.11
Other Receivables	6.76	2.63	0.42	4.27	7.98	21.29
Receivables	1,424	1,260	917.96	595.88	481.54	534.4
Inventory	528.78	501.87	478.21	418.93	329.15	254.37
Prepaid Expenses	-	0.17	0.17	0.17	-	-
Other Current Assets	28.21	20.46	15.93	32.56	23.72	24.29
Total Current Assets	2,526	2,273	1,682	1,400	1,101	980.35
Property, Plant & Equipment	792.54	725.4	711.58	711.64	689.6	716.95
Other Intangible Assets	70.76	60.38	59.26	56.43	56.82	81.28
Long-Term Deferred Tax Assets	36.65	28.63	11.83	14.62	11.85	12.81
Other Long-Term Assets	247.15	177.39	185.85	206.63	216.54	184.85
Total Assets	3,673	3,265	2,651	2,389	2,075	1,976
Accounts Payable	1,253	1,041	844.21	693.03	428.98	372.02
Accrued Expenses	46.63	123.59	73.78	70.52	54.71	56.61
Short-Term Debt	121.63	81.11	147.82	153.16	153.12	98.12
Current Portion of Long-Term Debt	-	-	25.08	-	-	-
Current Income Taxes Payable	10.7	0.2	-	0.84	0.36	0.38
Current Unearned Revenue	18.42	26.29	27.94	17.06	22.29	24.93
Other Current Liabilities	104.62	4.77	4.39	4.26	4.6	37.72
Total Current Liabilities	1,555	1,277	1,123	938.87	664.06	589.78
Long-Term Debt	-	-	34.84	43.82	18.79	8.8
Long-Term Unearned Revenue	42.83	34.84	32.68	28.08	35.29	45.99
Long-Term Deferred Tax Liabilities	1.77	1.85	1.96	5.62	2.48	2.44
Total Liabilities	1,605	1,314	1,193	1,016	720.62	647.01
Common Stock	822.63	822.63	789.64	789.64	789.64	789.64
Additional Paid-In Capital	-	493.43	182.33	182.33	182.33	175.89
Retained Earnings	727.33	627.01	497.89	420.68	404.86	370.7
Comprehensive Income & Other	493.43	-	-	-	-	6.44
Total Common Equity	2,043	1,943	1,470	1,393	1,377	1,343
Minority Interest	24.41	7.8	-11.9	-19.56	-22	-13.44
Shareholders' Equity	2,068	1,951	1,458	1,373	1,355	1,329
Total Liabilities & Equity	3,673	3,265	2,651	2,389	2,075	1,976
Total Debt	127.63	81.11	207.74	196.98	171.92	106.92
Net Cash (Debt)	417.08	409.19	62.15	155.64	94.32	60.38
Net Cash Growth	20.52%	558.43%	-60.07%	65.01%	56.22%	21.15%
Net Cash Per Share	0.51	0.50	0.08	0.20	0.11	0.07
Filing Date Shares Outstanding	822.63	822.63	789.64	789.64	789.64	789.64
Total Common Shares Outstanding	822.63	822.63	789.64	789.64	789.64	789.64
Working Capital	971.3	995.77	558.92	461.29	436.59	390.57
Book Value Per Share	2.48	2.36	1.86	1.76	1.74	1.70
Tangible Book Value	1,973	1,883	1,411	1,336	1,320	1,261
Tangible Book Value Per Share	2.40	2.29	1.79	1.69	1.67	1.60
Buildings	-	387.49	373.83	364.65	353.44	349.07
Machinery	-	1,089	1,072	976.74	897.57	912.35
Construction In Progress	-	62.75	29.03	73.88	73.68	48.68

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