Liuzhou Liangmianzhen 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	1,295	1,273	1,278	1,210	1,227
Trading Asset Securities	287.21	290.9	203.16	198.52	240.81
Cash & Short-Term Investments	1,582	1,564	1,481	1,408	1,468
Cash Growth	1.19%	5.59%	5.16%	-4.06%	60.15%
Accounts Receivable	125.56	104.1	114.6	111.2	88.54
Other Receivables	17.43	13.52	14.1	11.28	11.37
Receivables	142.99	117.62	128.7	122.48	99.91
Inventory	234.84	269.88	252.29	190.58	186.23
Prepaid Expenses	0.18	0.37	0.52	0.06	0.11
Other Current Assets	22.45	35.13	21.09	24.25	28.45
Total Current Assets	1,983	1,987	1,884	1,746	1,783
Property, Plant & Equipment	307.24	292.3	294.27	290.58	303.46
Long-Term Investments	292.2	292.2	292.2	292.2	292.2
Goodwill	3.41	3.41	3.41	3.41	3.41
Other Intangible Assets	75.73	78	79.59	76.16	77.81
Long-Term Accounts Receivable	0.36	1.03	1.21	0.19	-
Long-Term Deferred Tax Assets	4.67	5.96	6.67	6.09	4.65
Long-Term Deferred Charges	4.2	4.21	4.63	1.89	3.08
Other Long-Term Assets	52.86	57.03	56.4	60.22	57.45
Total Assets	2,724	2,721	2,622	2,477	2,525
Accounts Payable	277.88	257.12	260.5	179.16	151.5
Accrued Expenses	20.81	28.94	27.35	35.76	22.75
Short-Term Debt	102	90	58	43	75
Current Portion of Long-Term Debt	-	-	24	-	-
Current Portion of Leases	2.28	2.21	1.67	0.67	1.12
Current Income Taxes Payable	1.22	1.98	0.08	0.67	1.88
Current Unearned Revenue	31.65	41.49	40.3	34.36	35.85
Other Current Liabilities	40.41	40.44	42.25	41.9	43.58
Total Current Liabilities	476.25	462.17	454.15	335.51	331.67
Long-Term Leases	1.84	4.45	1.2	0.64	1.01
Long-Term Unearned Revenue	7.7	7.92	8.15	8.71	8.81
Pension & Post-Retirement Benefits	0.36	0.79	1.65	1.31	2.27
Long-Term Deferred Tax Liabilities	61.15	63.32	40.6	38.76	50.72
Total Liabilities	547.3	538.66	505.75	384.93	394.49
Common Stock	550	550	550	550	550
Additional Paid-In Capital	1,185	1,185	1,185	1,185	1,185
Retained Earnings	451.72	458.37	393.77	370.97	409.56
Comprehensive Income & Other	-8.83	-8.83	-8.83	-8.83	-8.83
Total Common Equity	2,178	2,184	2,120	2,097	2,136
Minority Interest	-1.53	-2.18	-3.64	-5.47	-5.42
Shareholders' Equity	2,176	2,182	2,116	2,092	2,130
Total Liabilities & Equity	2,724	2,721	2,622	2,477	2,525
Total Debt	106.13	96.67	84.86	44.31	77.13
Net Cash (Debt)	1,476	1,467	1,396	1,364	1,391
Net Cash Growth	0.63%	5.08%	2.35%	-1.92%	65.29%
Net Cash Per Share	2.68	2.67	2.54	2.48	2.52
Filing Date Shares Outstanding	550	550	550	550	550
Total Common Shares Outstanding	550	550	550	550	550
Working Capital	1,507	1,525	1,429	1,410	1,451
Book Value Per Share	3.96	3.97	3.85	3.81	3.88
Tangible Book Value	2,099	2,103	2,037	2,017	2,054
Tangible Book Value Per Share	3.82	3.82	3.70	3.67	3.74
Buildings	359.2	358.99	359.19	358.06	355.26
Machinery	396	370.55	361.42	348.45	347.12
Construction In Progress	22.82	8.27	7.84	6.53	3.55

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