Zhejiang Dafeng Industry Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	747.88	743.02	817.38	787.21	1,190	894.15
Trading Asset Securities	150.35	211.1	134.31	253.62	413.8	339.35
Cash & Short-Term Investments	898.24	954.12	951.69	1,041	1,604	1,234
Cash Growth	0.47%	0.26%	-8.56%	-35.12%	30.05%	0.29%
Accounts Receivable	2,332	2,159	2,163	2,419	2,141	1,938
Other Receivables	217.59	189.96	158.45	63.39	66.32	66.15
Receivables	2,550	2,349	2,322	2,483	2,207	2,004
Inventory	340.33	269.04	220.47	234.16	309.54	249.98
Other Current Assets	326.06	211.21	213.36	173.24	99.04	79
Total Current Assets	4,114	3,783	3,707	3,931	4,220	3,566
Property, Plant & Equipment	622.96	650.65	670.82	670.57	484.15	305.16
Long-Term Investments	43.55	38.78	34.15	30.04	13.19	9.56
Goodwill	0.54	0.54	0.54	0.54	0.54	0.54
Other Intangible Assets	139.67	145.19	134.57	140.07	145.07	147.82
Long-Term Accounts Receivable	-	-	-	-	1,937	-
Long-Term Deferred Tax Assets	110.83	104.24	98.65	91.8	67.81	62.81
Long-Term Deferred Charges	113.2	127.2	139.38	51.94	54.14	4.24
Other Long-Term Assets	2,934	3,098	3,114	2,743	196.33	1,062
Total Assets	8,079	7,947	7,900	7,659	7,118	5,159
Accounts Payable	1,575	1,164	1,306	1,210	1,212	792.75
Accrued Expenses	50.11	373.39	402.46	413.91	419.23	385.86
Short-Term Debt	108.07	137.17	387.13	352.22	228.3	230.86
Current Portion of Long-Term Debt	189.98	883.14	128.87	107.64	39.91	7.91
Current Portion of Leases	-	8.44	3.74	2.53	8.34	-
Current Income Taxes Payable	75.55	29.8	14.09	30.4	35.19	36.67
Current Unearned Revenue	480.07	382.76	275.45	256.63	384.9	365.64
Other Current Liabilities	343.4	316.31	341.2	340.47	284.97	218.59
Total Current Liabilities	2,822	3,295	2,859	2,714	2,613	2,038
Long-Term Debt	1,984	1,704	2,061	2,018	1,810	779.49
Long-Term Leases	21	16.72	19.02	19.09	21.66	-
Long-Term Unearned Revenue	16.15	14.5	12.26	9.95	14.58	17.61
Long-Term Deferred Tax Liabilities	1.22	1.22	3.31	3.04	1.71	1.54
Total Liabilities	4,844	5,031	4,955	4,764	4,461	2,837
Common Stock	422.5	409.04	409.63	409.74	409.09	401.81
Additional Paid-In Capital	841.97	543.8	546.25	549.4	525.48	483.74
Retained Earnings	1,929	1,892	1,848	1,808	1,603	1,273
Treasury Stock	-	-94.41	-28.05	-33.98	-43.27	-
Comprehensive Income & Other	3.34	119.02	119.26	119.23	119.24	119.24
Total Common Equity	3,197	2,870	2,895	2,853	2,614	2,277
Minority Interest	37.72	47.03	49.78	42.51	43.61	44.35
Shareholders' Equity	3,235	2,917	2,945	2,895	2,657	2,322
Total Liabilities & Equity	8,079	7,947	7,900	7,659	7,118	5,159
Total Debt	2,303	2,749	2,600	2,500	2,109	1,018
Net Cash (Debt)	-1,405	-1,795	-1,649	-1,459	-504.35	215.24
Net Cash Growth	-	-	-	-	-	-62.64%
Net Cash Per Share	-3.39	-4.45	-4.08	-3.51	-1.15	0.49
Filing Date Shares Outstanding	422.5	401.15	409.63	409.74	409.09	401.81
Total Common Shares Outstanding	422.5	401.15	409.63	409.74	409.09	401.81
Working Capital	1,292	488.27	848.21	1,217	1,607	1,528
Book Value Per Share	7.57	7.15	7.07	6.96	6.39	5.67
Tangible Book Value	3,057	2,724	2,760	2,712	2,468	2,129
Tangible Book Value Per Share	7.24	6.79	6.74	6.62	6.03	5.30
Buildings	-	743.98	630.3	320.25	320.25	312.69
Machinery	-	255.68	243.94	212.11	184.88	142.82
Construction In Progress	-	0.27	89.21	381.49	176.06	50.58

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