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 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	760.05	799.48	743.02	817.38	787.21	1,190
Trading Asset Securities	100.57	190.42	211.1	134.31	253.62	413.8
Cash & Short-Term Investments	860.62	989.9	954.12	951.69	1,041	1,604
Cash Growth	-3.19%	3.75%	0.26%	-8.56%	-35.12%	30.05%
Accounts Receivable	2,101	2,094	2,159	2,163	2,419	2,141
Other Receivables	213.82	202.12	189.96	158.45	63.39	66.32
Receivables	2,315	2,296	2,349	2,322	2,483	2,207
Inventory	251.22	224.02	269.04	220.47	234.16	309.54
Other Current Assets	360.76	266.72	211.21	213.36	173.24	99.04
Total Current Assets	3,788	3,777	3,783	3,707	3,931	4,220
Property, Plant & Equipment	600.53	609.48	650.65	670.82	670.57	484.15
Long-Term Investments	71.54	69.29	38.78	34.15	30.04	13.19
Goodwill	0.54	0.54	0.54	0.54	0.54	0.54
Other Intangible Assets	136.38	138.31	145.19	134.57	140.07	145.07
Long-Term Accounts Receivable	-	168.43	731.43	-	-	1,937
Long-Term Deferred Tax Assets	119.89	116.89	104.24	98.65	91.8	67.81
Long-Term Deferred Charges	104.32	109.13	127.2	139.38	51.94	54.14
Other Long-Term Assets	2,758	2,774	2,366	3,114	2,743	196.33
Total Assets	7,579	7,762	7,947	7,900	7,659	7,118
Accounts Payable	1,370	1,248	1,164	1,306	1,210	1,212
Accrued Expenses	33.48	438.07	373.39	402.46	413.91	419.23
Short-Term Debt	264.86	144.69	137.17	387.13	352.22	228.3
Current Portion of Long-Term Debt	351.16	264.63	883.14	128.87	107.64	39.91
Current Portion of Leases	-	12.78	8.44	3.74	2.53	8.34
Current Income Taxes Payable	61.64	59.31	29.8	14.09	30.4	35.19
Current Unearned Revenue	564.38	444.17	382.76	275.45	256.63	384.9
Other Current Liabilities	268.4	314.26	316.31	341.2	340.47	284.97
Total Current Liabilities	2,914	2,926	3,295	2,859	2,714	2,613
Long-Term Debt	1,402	1,572	1,704	2,061	2,018	1,810
Long-Term Leases	14.49	14.33	16.72	19.02	19.09	21.66
Long-Term Unearned Revenue	16.35	17.08	14.5	12.26	9.95	14.58
Long-Term Deferred Tax Liabilities	1.1	1.15	1.22	3.31	3.04	1.71
Total Liabilities	4,348	4,531	5,031	4,955	4,764	4,461
Common Stock	422.5	422.5	409.04	409.63	409.74	409.09
Additional Paid-In Capital	841.97	841.97	543.8	546.25	549.4	525.48
Retained Earnings	1,930	1,926	1,892	1,848	1,808	1,603
Treasury Stock	-	-	-94.41	-28.05	-33.98	-43.27
Comprehensive Income & Other	2.84	4.15	119.02	119.26	119.23	119.24
Total Common Equity	3,197	3,195	2,870	2,895	2,853	2,614
Minority Interest	34.05	36.89	47.03	49.78	42.51	43.61
Shareholders' Equity	3,231	3,232	2,917	2,945	2,895	2,657
Total Liabilities & Equity	7,579	7,762	7,947	7,900	7,659	7,118
Total Debt	2,032	2,008	2,749	2,600	2,500	2,109
Net Cash (Debt)	-1,171	-1,018	-1,795	-1,649	-1,459	-504.35
Net Cash Per Share	-2.85	-2.44	-4.45	-4.08	-3.51	-1.15
Filing Date Shares Outstanding	422.5	422.5	401.15	409.63	409.74	409.09
Total Common Shares Outstanding	422.5	422.5	401.15	409.63	409.74	409.09
Working Capital	873.26	850.19	488.27	848.21	1,217	1,607
Book Value Per Share	7.57	7.56	7.15	7.07	6.96	6.39
Tangible Book Value	3,060	3,056	2,724	2,760	2,712	2,468
Tangible Book Value Per Share	7.24	7.23	6.79	6.74	6.62	6.03
Buildings	-	743.98	743.98	630.3	320.25	320.25
Machinery	-	264.23	255.68	243.94	212.11	184.88
Construction In Progress	-	4.64	0.27	89.21	381.49	176.06

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