Liuzhou Liangmianzhen Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	1,256	1,295	1,273	1,278	1,210	1,227
Trading Asset Securities	240.51	287.21	290.9	203.16	198.52	240.81
Cash & Short-Term Investments	1,496	1,582	1,564	1,481	1,408	1,468
Cash Growth	-3.30%	1.19%	5.59%	5.16%	-4.06%	60.15%
Accounts Receivable	99.74	125.56	104.1	114.6	111.2	88.54
Other Receivables	16.34	17.43	13.52	14.1	11.28	11.37
Receivables	116.08	142.99	117.62	128.7	122.48	99.91
Inventory	249.77	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	30.65	22.45	35.13	21.09	24.25	28.45
Total Current Assets	1,893	1,983	1,987	1,884	1,746	1,783
Property, Plant & Equipment	311.78	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	74.69	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	4.67	5.96	6.67	6.09	4.65
Long-Term Deferred Charges	3.97	4.2	4.21	4.63	1.89	3.08
Other Long-Term Assets	54.13	52.86	57.03	56.4	60.22	57.45
Total Assets	2,638	2,724	2,721	2,622	2,477	2,525
Accounts Payable	249.18	277.88	257.12	260.5	179.16	151.5
Accrued Expenses	2.23	20.81	28.94	27.35	35.76	22.75
Short-Term Debt	82	102	90	58	43	75
Current Portion of Long-Term Debt	1.98	-	-	24	-	-
Current Portion of Leases	-	2.28	2.21	1.67	0.67	1.12
Current Income Taxes Payable	2.6	1.22	1.98	0.08	0.67	1.88
Current Unearned Revenue	40.29	31.65	41.49	40.3	34.36	35.85
Other Current Liabilities	60.89	40.41	40.44	42.25	41.9	43.58
Total Current Liabilities	439.17	476.25	462.17	454.15	335.51	331.67
Long-Term Leases	1.85	1.84	4.45	1.2	0.64	1.01
Long-Term Unearned Revenue	9.1	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	49.48	61.15	63.32	40.6	38.76	50.72
Other Long-Term Liabilities	0.21	-	-	-	-	-
Total Liabilities	499.8	547.3	538.66	505.75	384.93	394.49
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	413.44	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	2,140	2,178	2,184	2,120	2,097	2,136
Minority Interest	-1.65	-1.53	-2.18	-3.64	-5.47	-5.42
Shareholders' Equity	2,138	2,176	2,182	2,116	2,092	2,130
Total Liabilities & Equity	2,638	2,724	2,721	2,622	2,477	2,525
Total Debt	85.83	106.13	96.67	84.86	44.31	77.13
Net Cash (Debt)	1,410	1,476	1,467	1,396	1,364	1,391
Net Cash Growth	-2.15%	0.63%	5.08%	2.35%	-1.92%	65.29%
Net Cash Per Share	2.56	2.68	2.67	2.54	2.48	2.52
Filing Date Shares Outstanding	549.96	550	550	550	550	550
Total Common Shares Outstanding	549.96	550	550	550	550	550
Working Capital	1,454	1,507	1,525	1,429	1,410	1,451
Book Value Per Share	3.89	3.96	3.97	3.85	3.81	3.88
Tangible Book Value	2,061	2,099	2,103	2,037	2,017	2,054
Tangible Book Value Per Share	3.75	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

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