Zhejiang Wansheng 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	1,249	1,254	1,183	1,680	528.4
Short-Term Investments	21.64	-	-	-	-
Trading Asset Securities	35.23	105.42	137.02	50.01	-
Cash & Short-Term Investments	1,306	1,360	1,320	1,730	528.4
Cash Growth	-3.97%	2.98%	-23.67%	227.39%	68.30%
Accounts Receivable	845.75	855.53	548.29	713.18	762.04
Other Receivables	2.47	5.34	19.2	8.92	38.58
Receivables	848.22	860.87	567.49	722.11	800.63
Inventory	572.2	505.21	403.99	505.6	467.81
Prepaid Expenses	-	-	-	0	1.08
Other Current Assets	163.01	125.02	181.46	101.3	57.02
Total Current Assets	2,889	2,851	2,473	3,059	1,855
Property, Plant & Equipment	2,598	3,353	2,971	2,192	1,086
Long-Term Investments	133.08	194.08	168.24	176.54	174.88
Goodwill	134.82	134.82	49.26	69.42	68.27
Other Intangible Assets	410	502.22	479.55	420.17	86.84
Long-Term Deferred Tax Assets	22.93	19.12	12.72	19.14	23.72
Long-Term Deferred Charges	22.51	24.95	14.5	0.38	-
Other Long-Term Assets	61.81	120.67	111.56	117.53	21.67
Total Assets	6,272	7,200	6,280	6,054	3,317
Accounts Payable	976.12	1,066	935.14	869.08	564.48
Accrued Expenses	112.89	123.03	86.86	73.85	82.23
Short-Term Debt	841.52	519.29	67.08	318.97	70.7
Current Portion of Long-Term Debt	132.14	79.42	40.07	85.41	45.57
Current Portion of Leases	5.07	2.85	1.98	-	-
Current Income Taxes Payable	7.61	15.17	6.9	16.02	30.49
Current Unearned Revenue	11.6	7.42	8.61	18.53	15.38
Other Current Liabilities	37.91	101.6	39.08	133.82	11.96
Total Current Liabilities	2,125	1,915	1,186	1,516	820.82
Long-Term Debt	643.47	788.35	721	375.93	84.13
Long-Term Leases	34.33	9.91	7.22	3.22	-
Long-Term Unearned Revenue	180.99	186.29	192.53	132.47	42.44
Long-Term Deferred Tax Liabilities	7.36	8.27	2.22	2.35	1.48
Other Long-Term Liabilities	381.63	381.29	0.02	0.07	0.01
Total Liabilities	3,373	3,289	2,109	2,030	948.88
Common Stock	589.58	589.58	589.58	589.58	485.27
Additional Paid-In Capital	1,433	1,433	1,696	1,703	290.93
Retained Earnings	765.12	1,763	1,777	1,711	1,594
Treasury Stock	-157.74	-153.72	-2	-	-
Comprehensive Income & Other	-1.9	6.11	4.48	2.61	-1.96
Total Common Equity	2,628	3,638	4,065	4,007	2,368
Minority Interest	271.65	273.47	106.93	17.24	-
Shareholders' Equity	2,900	3,911	4,172	4,024	2,368
Total Liabilities & Equity	6,272	7,200	6,280	6,054	3,317
Total Debt	1,657	1,400	837.35	783.53	200.4
Net Cash (Debt)	-350.64	-39.96	483.13	946.39	328
Net Cash Growth	-	-	-48.95%	188.53%	-
Net Cash Per Share	-0.61	-0.07	0.81	1.68	0.68
Filing Date Shares Outstanding	572.28	572.67	589.39	589.58	485.27
Total Common Shares Outstanding	572.28	572.67	589.39	589.58	485.27
Working Capital	764.48	936.14	1,288	1,543	1,034
Book Value Per Share	4.59	6.35	6.90	6.80	4.88
Tangible Book Value	2,083	3,001	3,536	3,517	2,213
Tangible Book Value Per Share	3.64	5.24	6.00	5.97	4.56
Buildings	1,590	1,604	732.99	693.84	532.74
Machinery	1,666	1,507	1,066	938.03	657.77
Construction In Progress	297.67	996.91	1,692	963.46	203.01

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