Liuzhou Liangmianzhen Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	1,245	1,295	1,273	1,278	1,210	1,227
Trading Asset Securities	258.53	287.21	290.9	203.16	198.52	240.81
Cash & Short-Term Investments	1,503	1,582	1,564	1,481	1,408	1,468
Cash Growth	-6.29%	1.19%	5.59%	5.16%	-4.06%	60.15%
Accounts Receivable	141.35	125.56	104.1	114.6	111.2	88.54
Other Receivables	18.92	17.43	13.52	14.1	11.28	11.37
Receivables	160.27	142.99	117.62	128.7	122.48	99.91
Inventory	238.28	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	39.81	22.45	35.13	21.09	24.25	28.45
Total Current Assets	1,942	1,983	1,987	1,884	1,746	1,783
Property, Plant & Equipment	317.57	307.24	292.3	294.27	290.58	303.46
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	72.55	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	4.25	4.67	5.96	6.67	6.09	4.65
Long-Term Deferred Charges	4.38	4.2	4.21	4.63	1.89	3.08
Other Long-Term Assets	59.98	52.86	57.03	56.4	60.22	57.45
Total Assets	2,696	2,724	2,721	2,622	2,477	2,525

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Accounts Payable	263.29	277.88	257.12	260.5	179.16	151.5
Accrued Expenses	3.47	20.81	28.94	27.35	35.76	22.75
Short-Term Debt	100	102	90	58	43	75
Current Portion of Long-Term Debt	2.02	-	-	24	-	-
Current Portion of Leases	-	2.28	2.21	1.67	0.67	1.12
Current Income Taxes Payable	3.34	1.22	1.98	0.08	0.67	1.88
Current Unearned Revenue	73.4	31.65	41.49	40.3	34.36	35.85
Other Current Liabilities	59.63	40.41	40.44	42.25	41.9	43.58
Total Current Liabilities	505.15	476.25	462.17	454.15	335.51	331.67
Long-Term Leases	0.66	1.84	4.45	1.2	0.64	1.01
Long-Term Unearned Revenue	8.63	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	53.98	61.15	63.32	40.6	38.76	50.72
Total Liabilities	568.43	547.3	538.66	505.75	384.93	394.49

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
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	403.31	451.72	458.37	393.77	370.97	409.56
Comprehensive Income & Other	-8.83	-8.83	-8.83	-8.83	-8.83	-8.83
Total Common Equity	2,129	2,178	2,184	2,120	2,097	2,136
Minority Interest	-1.82	-1.53	-2.18	-3.64	-5.47	-5.42
Shareholders' Equity	2,128	2,176	2,182	2,116	2,092	2,130
Total Liabilities & Equity	2,696	2,724	2,721	2,622	2,477	2,525

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Total Debt	102.68	106.13	96.67	84.86	44.31	77.13
Net Cash (Debt)	1,401	1,476	1,467	1,396	1,364	1,391
Net Cash Growth	-6.58%	0.63%	5.08%	2.35%	-1.92%	65.29%
Net Cash Per Share	2.55	2.68	2.67	2.54	2.48	2.52
Filing Date Shares Outstanding	548.99	550	550	550	550	550
Total Common Shares Outstanding	548.99	550	550	550	550	550
Working Capital	1,437	1,507	1,525	1,429	1,410	1,451
Book Value Per Share	3.88	3.96	3.97	3.85	3.81	3.88
Tangible Book Value	2,053	2,099	2,103	2,037	2,017	2,054
Tangible Book Value Per Share	3.74	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