Zhejiang Shibao Company 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	489.78	419.98	159.63	232.23	195.85
Trading Asset Securities	1.85	70.32	110.25	120.39	70.39
Cash & Short-Term Investments	491.63	490.3	269.89	352.62	266.24
Cash Growth	0.27%	81.67%	-23.46%	32.45%	59.14%
Accounts Receivable	1,591	1,257	917.54	591.61	473.56
Other Receivables	0.16	2.63	0.42	4.27	7.98
Receivables	1,591	1,260	917.96	595.88	481.54
Inventory	505.96	501.87	478.21	418.93	329.15
Prepaid Expenses	-	-	0.17	0.17	-
Other Current Assets	38.97	20.63	15.93	32.56	23.72
Total Current Assets	2,627	2,273	1,682	1,400	1,101
Property, Plant & Equipment	817.29	725.4	711.58	711.64	689.6
Other Intangible Assets	77.16	60.38	59.26	56.43	56.82
Long-Term Deferred Tax Assets	44.24	28.63	11.83	14.62	11.85
Other Long-Term Assets	268.75	177.39	185.85	206.63	216.54
Total Assets	3,835	3,265	2,651	2,389	2,075
Accounts Payable	1,358	1,041	844.21	693.03	428.98
Accrued Expenses	183.49	123.59	73.78	70.52	54.71
Short-Term Debt	109.49	81.11	147.82	153.16	153.12
Current Portion of Long-Term Debt	-	-	25.08	-	-
Current Portion of Leases	1.78	-	-	-	-
Current Income Taxes Payable	1.34	0.2	-	0.84	0.36
Current Unearned Revenue	19.62	26.29	27.94	17.06	22.29
Other Current Liabilities	5.74	4.77	4.39	4.26	4.6
Total Current Liabilities	1,679	1,277	1,123	938.87	664.06
Long-Term Debt	-	-	34.84	43.82	18.79
Long-Term Leases	5.53	-	-	-	-
Long-Term Unearned Revenue	45.78	34.84	32.68	28.08	35.29
Long-Term Deferred Tax Liabilities	1.76	1.85	1.96	5.62	2.48
Total Liabilities	1,732	1,314	1,193	1,016	720.62
Common Stock	822.63	822.63	789.64	789.64	789.64
Additional Paid-In Capital	493.43	493.43	182.33	182.33	182.33
Retained Earnings	758.17	627.01	497.89	420.68	404.86
Total Common Equity	2,074	1,943	1,470	1,393	1,377
Minority Interest	28.43	7.8	-11.9	-19.56	-22
Shareholders' Equity	2,103	1,951	1,458	1,373	1,355
Total Liabilities & Equity	3,835	3,265	2,651	2,389	2,075
Total Debt	116.79	81.11	207.74	196.98	171.92
Net Cash (Debt)	374.84	409.19	62.15	155.64	94.32
Net Cash Growth	-8.39%	558.43%	-60.07%	65.01%	56.22%
Net Cash Per Share	0.46	0.50	0.08	0.20	0.11
Filing Date Shares Outstanding	822.63	822.63	789.64	789.64	789.64
Total Common Shares Outstanding	822.63	822.63	789.64	789.64	789.64
Working Capital	948.29	995.77	558.92	461.29	436.59
Book Value Per Share	2.52	2.36	1.86	1.76	1.74
Tangible Book Value	1,997	1,883	1,411	1,336	1,320
Tangible Book Value Per Share	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.