ZONQING Environmental 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	278.11	122.78	210.41	220.23	47.5
Cash & Short-Term Investments	278.11	122.78	210.41	220.23	47.5
Cash Growth	126.51%	-41.65%	-4.46%	363.70%	-67.02%
Accounts Receivable	2,854	3,433	2,883	2,616	1,733
Other Receivables	-	144.94	106.35	629.87	135.77
Receivables	2,854	3,578	2,989	3,246	1,869
Inventory	181.26	65.68	62.99	151.48	39.13
Other Current Assets	556.7	133.18	99.77	71.44	38.24
Total Current Assets	3,870	3,900	3,362	3,689	1,994
Property, Plant & Equipment	46.55	50	47.18	46.15	15.97
Long-Term Investments	260.88	310.87	340.29	348.79	288.46
Other Intangible Assets	12.16	17.04	1.94	2.44	2.93
Long-Term Accounts Receivable	0.56	0.55	0.6	18.99	34.63
Long-Term Deferred Tax Assets	98.07	105.21	93.92	77.42	43.87
Other Long-Term Assets	66.38	-	-	-	-
Total Assets	4,355	4,384	3,846	4,183	2,380
Accounts Payable	1,383	1,578	1,389	1,237	943.45
Accrued Expenses	244.09	151.73	121.59	158.68	68.73
Current Portion of Long-Term Debt	759.78	882.81	726.26	974.78	479.57
Current Portion of Leases	2.64	2.75	2.02	2.61	3.25
Current Income Taxes Payable	28.41	34.11	54.21	26.27	11.46
Current Unearned Revenue	1,097	726.7	602.07	583.04	154.66
Other Current Liabilities	19.79	202.26	89.95	189.61	77.09
Total Current Liabilities	3,535	3,578	2,985	3,172	1,738
Long-Term Debt	-	1.85	79.95	78.93	25
Long-Term Leases	1.5	4.34	1.25	0.82	2.18
Long-Term Deferred Tax Liabilities	4.74	1.93	10.48	12.76	10.34
Other Long-Term Liabilities	-	1.72	-	-	-
Total Liabilities	3,541	3,588	3,077	3,265	1,776
Common Stock	0.23	0.23	0.23	0.23	0.23
Additional Paid-In Capital	-	70.32	90.06	90.06	90.06
Retained Earnings	-	301.57	262.39	142.48	178.29
Comprehensive Income & Other	695.49	296.86	296.91	634.98	326.04
Total Common Equity	695.72	668.97	649.6	867.75	594.63
Minority Interest	118.16	126.22	119.87	50.26	9.45
Shareholders' Equity	813.87	795.19	769.47	918.02	604.08
Total Liabilities & Equity	4,355	4,384	3,846	4,183	2,380
Total Debt	763.92	891.75	809.48	1,057	509.99
Net Cash (Debt)	-485.81	-768.97	-599.07	-836.91	-462.49
Net Cash Per Share	-0.59	-0.93	-0.73	-1.01	-0.56
Filing Date Shares Outstanding	825	825	825	825	825
Total Common Shares Outstanding	825	825	825	825	825
Working Capital	335.52	321.36	377.21	516.73	255.72
Book Value Per Share	0.84	0.81	0.79	1.05	0.72
Tangible Book Value	683.55	651.93	647.66	865.31	591.7
Tangible Book Value Per Share	0.83	0.79	0.79	1.05	0.72
Buildings	-	4.42	4.42	4.42	-
Machinery	-	81.21	75.31	68.78	24.44

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.