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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	516.49	489.78	419.98	159.63	232.23	195.85
Trading Asset Securities	1.46	1.85	70.32	110.25	120.39	70.39
Cash & Short-Term Investments	517.95	491.63	490.3	269.89	352.62	266.24
Cash Growth	-2.20%	0.27%	81.67%	-23.46%	32.45%	59.14%
Accounts Receivable	1,465	1,591	1,257	917.54	591.61	473.56
Other Receivables	5.45	0.16	2.63	0.42	4.27	7.98
Receivables	1,471	1,591	1,260	917.96	595.88	481.54
Inventory	525.79	505.96	501.87	478.21	418.93	329.15
Prepaid Expenses	-	3.48	-	0.17	0.17	-
Other Current Assets	57.86	35.49	20.63	15.93	32.56	23.72
Total Current Assets	2,573	2,627	2,273	1,682	1,400	1,101
Property, Plant & Equipment	841.12	817.29	725.4	711.58	711.64	689.6
Other Intangible Assets	78.22	77.16	60.38	59.26	56.43	56.82
Long-Term Deferred Tax Assets	44.62	44.24	28.63	11.83	14.62	11.85
Other Long-Term Assets	261.47	268.75	177.39	185.85	206.63	216.54
Total Assets	3,798	3,835	3,265	2,651	2,389	2,075
Accounts Payable	1,231	1,358	1,041	844.21	693.03	428.98
Accrued Expenses	34.6	183.49	123.59	73.78	70.52	54.71
Short-Term Debt	171.93	109.49	81.11	147.82	153.16	153.12
Current Portion of Long-Term Debt	2.01	-	-	25.08	-	-
Current Portion of Leases	-	1.78	-	-	-	-
Current Income Taxes Payable	5.23	1.34	0.2	-	0.84	0.36
Current Unearned Revenue	13.49	19.62	26.29	27.94	17.06	22.29
Other Current Liabilities	140.96	5.74	4.77	4.39	4.26	4.6
Total Current Liabilities	1,599	1,679	1,277	1,123	938.87	664.06
Long-Term Debt	-	-	-	34.84	43.82	18.79
Long-Term Leases	5.28	5.53	-	-	-	-
Long-Term Unearned Revenue	44.81	45.78	34.84	32.68	28.08	35.29
Long-Term Deferred Tax Liabilities	1.79	1.76	1.85	1.96	5.62	2.48
Total Liabilities	1,651	1,732	1,314	1,193	1,016	720.62
Common Stock	822.63	822.63	822.63	789.64	789.64	789.64
Additional Paid-In Capital	493.43	493.43	493.43	182.33	182.33	182.33
Retained Earnings	800.04	758.17	627.01	497.89	420.68	404.86
Total Common Equity	2,116	2,074	1,943	1,470	1,393	1,377
Minority Interest	31.16	28.43	7.8	-11.9	-19.56	-22
Shareholders' Equity	2,147	2,103	1,951	1,458	1,373	1,355
Total Liabilities & Equity	3,798	3,835	3,265	2,651	2,389	2,075
Total Debt	179.22	116.79	81.11	207.74	196.98	171.92
Net Cash (Debt)	338.73	374.84	409.19	62.15	155.64	94.32
Net Cash Growth	-25.01%	-8.39%	558.43%	-60.07%	65.01%	56.22%
Net Cash Per Share	0.41	0.46	0.50	0.08	0.20	0.11
Filing Date Shares Outstanding	822.55	822.63	822.63	789.64	789.64	789.64
Total Common Shares Outstanding	822.55	822.63	822.63	789.64	789.64	789.64
Working Capital	973.72	948.29	995.77	558.92	461.29	436.59
Book Value Per Share	2.57	2.52	2.36	1.86	1.76	1.74
Tangible Book Value	2,038	1,997	1,883	1,411	1,336	1,320
Tangible Book Value Per Share	2.48	2.43	2.29	1.79	1.69	1.67
Buildings	-	399.75	387.49	373.83	364.65	353.44
Machinery	-	1,047	1,089	1,072	976.74	897.57
Construction In Progress	-	133.6	62.75	29.03	73.88	73.68

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