Xizang Zhihui Mining 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	587.62	142.22	30.81	42.27
Short-Term Investments	20	20	-	-
Trading Asset Securities	100	-	30.78	100.42
Cash & Short-Term Investments	707.62	162.22	61.59	142.69
Cash Growth	336.21%	163.40%	-56.84%	-
Other Receivables	21.36	2.95	1.69	0.89
Receivables	21.36	2.95	1.69	0.89
Inventory	97.16	60.69	55.65	54.4
Other Current Assets	-	21.54	7.94	6.11
Total Current Assets	826.15	247.4	126.86	204.08
Property, Plant & Equipment	830.39	832.31	777.54	612.98
Long-Term Investments	-	20	20	-
Other Intangible Assets	388.25	316.67	326.29	340.77
Long-Term Deferred Tax Assets	7.13	8.44	11.27	11.41
Other Long-Term Assets	1.16	30.07	31.01	0.38
Total Assets	2,053	1,455	1,293	1,170
Accounts Payable	227.23	17.78	7.03	37.43
Accrued Expenses	26.92	20.46	28.27	97.87
Short-Term Debt	37.91	64.68	3	0
Current Portion of Leases	0.37	0.07	0.37	4.66
Current Income Taxes Payable	-	25.37	27.55	35.08
Current Unearned Revenue	-	25.36	4.13	0.3
Other Current Liabilities	0.75	172.83	154.35	77.71
Total Current Liabilities	293.19	326.55	224.7	253.06
Long-Term Debt	50	-	-	-
Long-Term Leases	0.06	0.03	0.05	0.05
Long-Term Deferred Tax Liabilities	49.39	51.27	52.73	55.01
Other Long-Term Liabilities	27.12	42.94	57.82	8.56
Total Liabilities	419.76	420.79	335.29	316.67
Common Stock	487.81	365.85	360	360
Retained Earnings	-	436.62	378.54	273.54
Comprehensive Income & Other	1,146	231.63	219.13	219.41
Shareholders' Equity	1,633	1,034	957.67	852.95
Total Liabilities & Equity	2,053	1,455	1,293	1,170
Total Debt	88.34	64.78	3.42	4.71
Net Cash (Debt)	619.28	97.44	58.17	137.98
Net Cash Growth	535.55%	67.50%	-57.84%	-
Net Cash Per Share	1.69	0.27	0.16	0.38
Filing Date Shares Outstanding	-	487.81	360	360
Total Common Shares Outstanding	-	365.85	360	360
Working Capital	532.96	-79.15	-97.84	-48.97
Book Value Per Share	-	2.83	2.66	2.37
Tangible Book Value	1,245	717.43	631.38	512.18
Tangible Book Value Per Share	-	1.96	1.75	1.42
Buildings	-	222.08	222.08	214.79
Machinery	-	56.02	55.84	53.63
Construction In Progress	-	383.48	295.83	139.34

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