Hangzhou XZB Tech 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	Jun '26 Jun 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	185.16	196.97	199.1	168	317.05	224.57
Short-Term Investments	97.36	109.28	100.39	58.79	-	-
Trading Asset Securities	306.09	278.65	159.51	247.35	58.02	68.92
Cash & Short-Term Investments	588.61	584.9	459	474.14	375.08	293.49
Cash Growth	12.84%	27.43%	-3.19%	26.41%	27.80%	-24.86%
Accounts Receivable	165.25	153.97	195.42	165.65	205.9	146.68
Other Receivables	0.16	0.13	0.22	0.33	0.51	0.08
Receivables	165.42	154.1	195.64	165.98	206.41	146.76
Inventory	179.47	194.21	167.04	155.87	157.38	137.85
Prepaid Expenses	-	-	-	-	0.08	-
Other Current Assets	13.2	12.9	15.28	14.21	17	22.5
Total Current Assets	946.7	946.12	836.97	810.2	755.94	600.6
Property, Plant & Equipment	438.51	459.59	470.45	461.37	448.3	439.66
Long-Term Investments	331.45	285.32	237.27	153.85	-	-
Goodwill	1.13	1.13	1.13	1.13	1.13	1.13
Other Intangible Assets	68.17	68.43	66.44	67.72	69.07	71.02
Long-Term Deferred Tax Assets	13.82	13.8	0.46	3.09	4.44	4.67
Long-Term Deferred Charges	4.09	2.39	1.47	0.48	1.66	3.13
Other Long-Term Assets	3.71	4.13	6.02	6.51	1.54	2.42
Total Assets	1,808	1,781	1,620	1,504	1,282	1,123

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	126.31	122.38	108.99	86.64	68.71	78.99
Accrued Expenses	19.99	31.33	28.18	26.34	25.79	21.94
Short-Term Debt	50	30.01	11	50	-	-
Current Portion of Leases	1.58	1.56	1.37	1.53	1.06	1.96
Current Income Taxes Payable	0.14	6.47	9.16	7.47	12.57	9.53
Current Unearned Revenue	1.36	0.91	5.62	4.29	2.95	2.52
Other Current Liabilities	17.62	18.13	42.83	13.98	20.29	2.01
Total Current Liabilities	216.99	210.79	207.16	190.26	131.36	116.96
Long-Term Leases	1.39	2.12	3.2	4.79	0.71	0.79
Long-Term Unearned Revenue	15.02	14.05	10.17	10.3	5.94	7.39
Long-Term Deferred Tax Liabilities	0.14	0.14	4.29	9.04	6.91	5.12
Other Long-Term Liabilities	-	-	-	-	-	0.7
Total Liabilities	233.54	227.09	224.82	214.4	144.92	130.97

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	197.36	136.49	136.52	135.11	135.22	133.99
Additional Paid-In Capital	203.54	261.98	227.07	216.33	207.79	211
Retained Earnings	1,141	1,115	1,005	887.41	770.58	654.71
Treasury Stock	-45.5	-45.8	-28.39	-8.99	-21.63	-28.95
Comprehensive Income & Other	20.03	31.66	12.89	23.13	10.58	-2.39
Total Common Equity	1,516	1,500	1,353	1,253	1,103	968.36
Minority Interest	57.6	54	42.67	36.96	34.61	23.3
Shareholders' Equity	1,574	1,554	1,395	1,290	1,137	991.66
Total Liabilities & Equity	1,808	1,781	1,620	1,504	1,282	1,123

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	52.97	33.69	15.57	56.33	1.77	2.76
Net Cash (Debt)	535.64	551.21	443.43	417.81	373.31	290.73
Net Cash Growth	14.62%	24.31%	6.13%	11.92%	28.40%	-25.57%
Net Cash Per Share	2.79	2.83	2.28	2.16	1.93	1.51
Filing Date Shares Outstanding	196.24	196.28	197.11	188.41	195.91	192.79
Total Common Shares Outstanding	196.24	196.28	197.11	188.41	194.75	192.79
Working Capital	729.7	735.33	629.81	619.94	624.58	483.64
Book Value Per Share	7.73	7.64	6.86	6.65	5.66	5.02
Tangible Book Value	1,447	1,430	1,285	1,184	1,032	896.21
Tangible Book Value Per Share	7.37	7.29	6.52	6.28	5.30	4.65
Buildings	326.48	330.78	321.62	277.75	275.94	208.99
Machinery	430.3	421.23	382.31	357.28	312.38	273.58
Construction In Progress	14.97	19.77	25.33	38.93	33.9	91.59