Zhou Liu Fu Jewellery 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 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019
Cash & Equivalents	1,170	561.75	188.06	217.48	313.55
Short-Term Investments	-	15.13	13.87	10.96	-
Trading Asset Securities	104.67	33.53	-	-	-
Cash & Short-Term Investments	1,274	610.4	201.94	228.44	313.55
Cash Growth	108.75%	202.28%	-11.60%	-27.15%	221.22%
Accounts Receivable	187.65	209.87	238.38	231.07	157.76
Other Receivables	-	135.74	102.22	68.59	5.74
Receivables	187.65	345.61	340.6	299.66	163.5
Inventory	3,166	2,318	1,913	1,615	845.25
Other Current Assets	417.73	27.73	28.68	16.13	30.08
Total Current Assets	5,045	3,302	2,484	2,159	1,352
Property, Plant & Equipment	505.14	292.85	220.38	219.46	11.37
Long-Term Investments	53.08	98.85	337.48	168.24	8.18
Other Intangible Assets	4.74	4.12	3.82	3.37	2.51
Long-Term Deferred Tax Assets	13.41	12.86	15.41	14.11	5.06
Long-Term Deferred Charges	-	14.15	7.08	14.15	17.6
Other Long-Term Assets	161.42	232.99	7.15	6.54	3.21
Total Assets	5,783	3,958	3,075	2,585	1,400
Accounts Payable	478.02	37.81	35.52	36.1	57.42
Accrued Expenses	-	65.9	76.26	60.92	22.81
Short-Term Debt	342.83	655.74	84.12	-	20.02
Current Portion of Leases	18.59	24.76	18.06	17.45	-
Current Income Taxes Payable	74.81	69.84	73.53	67.1	75.4
Current Unearned Revenue	314.34	345.82	381.17	353.12	-
Other Current Liabilities	202.78	130.63	124.95	123.11	247.08
Total Current Liabilities	1,431	1,330	793.61	657.79	422.73
Long-Term Debt	83.49	28.3	-	-	-
Long-Term Leases	11.98	20.98	17.51	21.8	-
Long-Term Unearned Revenue	-	0.2	0.2	0.2	0.2
Other Long-Term Liabilities	0.2	-	0.26	-	1.1
Total Liabilities	1,527	1,380	811.58	679.8	424.03
Common Stock	440.62	378.71	366.17	366.17	366.17
Additional Paid-In Capital	-	291.1	58.64	58.64	67.3
Retained Earnings	3,809	1,869	1,807	1,448	539.21
Comprehensive Income & Other	-	38.48	31.34	32.19	-
Total Common Equity	4,250	2,578	2,264	1,905	972.68
Minority Interest	6.33	-	-	-	3.6
Shareholders' Equity	4,256	2,578	2,264	1,905	976.29
Total Liabilities & Equity	5,783	3,958	3,075	2,585	1,400
Total Debt	456.89	729.78	119.7	39.26	20.02
Net Cash (Debt)	817.34	-119.37	82.24	189.18	293.54
Net Cash Growth	-	-	-56.53%	-35.55%	235.04%
Net Cash Per Share	1.99	-0.32	0.22	0.52	0.80
Filing Date Shares Outstanding	439.26	378.71	366.17	366.17	366.17
Total Common Shares Outstanding	439.26	378.71	366.17	366.17	366.17
Working Capital	3,614	1,971	1,690	1,501	929.66
Book Value Per Share	9.67	6.81	6.18	5.20	2.66
Tangible Book Value	4,245	2,573	2,260	1,902	970.18
Tangible Book Value Per Share	9.66	6.80	6.17	5.19	2.65
Buildings	-	41.59	26.03	26.03	-
Machinery	-	33.6	31.47	27.48	-
Construction In Progress	-	53.86	4.64	-	-
Leasehold Improvements	-	98.86	74.99	59.42	-

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