Liuzhou Liangmianzhen Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,295	1,273	1,278	1,210	1,227	617.61
Trading Asset Securities	309.31	290.9	203.16	198.52	240.81	298.97
Cash & Short-Term Investments	1,604	1,564	1,481	1,408	1,468	916.59
Cash Growth	3.80%	5.59%	5.16%	-4.06%	60.15%	-6.21%
Accounts Receivable	126.4	104.1	114.6	111.2	88.54	96.26
Other Receivables	20.32	13.52	14.1	11.28	11.37	630.52
Receivables	146.72	117.62	128.7	122.48	99.91	726.78
Inventory	245.93	269.88	252.29	190.58	186.23	148.43
Prepaid Expenses	-	0.37	0.52	0.06	0.11	0.01
Other Current Assets	37.56	35.13	21.09	24.25	28.45	19.91
Total Current Assets	2,034	1,987	1,884	1,746	1,783	1,812
Property, Plant & Equipment	298.03	292.3	294.27	290.58	303.46	335.85
Long-Term Investments	292.2	292.2	292.2	292.2	292.2	292.2
Goodwill	3.41	3.41	3.41	3.41	3.41	3.41
Other Intangible Assets	74.88	78	79.59	76.16	77.81	81.2
Long-Term Accounts Receivable	0.45	1.03	1.21	0.19	-	-
Long-Term Deferred Tax Assets	5.54	5.96	6.67	6.09	4.65	3.85
Long-Term Deferred Charges	5.59	4.21	4.63	1.89	3.08	3.31
Other Long-Term Assets	53.84	57.03	56.4	60.22	57.45	25.75
Total Assets	2,768	2,721	2,622	2,477	2,525	2,557
Accounts Payable	281.27	257.12	260.5	179.16	151.5	159.82
Accrued Expenses	2.52	28.94	27.35	35.76	22.75	24.67
Short-Term Debt	100	90	58	43	75	73
Current Portion of Long-Term Debt	-	-	24	-	-	-
Current Portion of Leases	2.28	2.21	1.67	0.67	1.12	0.81
Current Income Taxes Payable	9.85	1.98	0.08	0.67	1.88	2.77
Current Unearned Revenue	54.2	41.49	40.3	34.36	35.85	59.87
Other Current Liabilities	52.31	40.44	42.25	41.9	43.58	44.46
Total Current Liabilities	502.44	462.17	454.15	335.51	331.67	365.4
Long-Term Leases	2.57	4.45	1.2	0.64	1.01	1.31
Long-Term Unearned Revenue	7.83	7.92	8.15	8.71	8.81	9.08
Pension & Post-Retirement Benefits	0.1	0.79	1.65	1.31	2.27	3.36
Long-Term Deferred Tax Liabilities	65.19	63.32	40.6	38.76	50.72	57.19
Total Liabilities	578.12	538.66	505.75	384.93	394.49	436.34
Common Stock	550	550	550	550	550	550
Additional Paid-In Capital	1,185	1,185	1,185	1,185	1,185	1,185
Retained Earnings	465.36	458.37	393.77	370.97	409.56	400.9
Comprehensive Income & Other	-8.83	-8.83	-8.83	-8.83	-8.83	-8.83
Total Common Equity	2,191	2,184	2,120	2,097	2,136	2,127
Minority Interest	-1.27	-2.18	-3.64	-5.47	-5.42	-6.03
Shareholders' Equity	2,190	2,182	2,116	2,092	2,130	2,121
Total Liabilities & Equity	2,768	2,721	2,622	2,477	2,525	2,557
Total Debt	104.85	96.67	84.86	44.31	77.13	75.12
Net Cash (Debt)	1,499	1,467	1,396	1,364	1,391	841.46
Net Cash Growth	3.31%	5.08%	2.35%	-1.92%	65.29%	14.13%
Net Cash Per Share	2.73	2.67	2.54	2.48	2.52	1.53
Filing Date Shares Outstanding	550	550	550	550	550	550
Total Common Shares Outstanding	550	550	550	550	550	550
Working Capital	1,532	1,525	1,429	1,410	1,451	1,446
Book Value Per Share	3.98	3.97	3.85	3.81	3.88	3.87
Tangible Book Value	2,113	2,103	2,037	2,017	2,054	2,042
Tangible Book Value Per Share	3.84	3.82	3.70	3.67	3.74	3.71
Buildings	-	358.99	359.19	358.06	355.26	382.04
Machinery	-	370.55	361.42	348.45	347.12	331.25
Construction In Progress	-	8.27	7.84	6.53	3.55	9.6

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.