Zhejiang Yunzhongma 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	622.35	827.08	651.87	848.74	373.67	258.2
Trading Asset Securities	-	10.5	-	-	-	-
Cash & Short-Term Investments	622.35	837.58	651.87	848.74	373.67	258.2
Cash Growth	-1.67%	28.49%	-23.20%	127.13%	44.72%	21.41%
Accounts Receivable	638.94	552.22	408.18	277.41	288.7	240.94
Other Receivables	0.71	18.99	26.24	7.42	1.2	0.11
Receivables	639.66	571.2	434.42	284.83	289.89	241.04
Inventory	111.4	183.2	169.99	126.52	159.63	69.59
Other Current Assets	189.09	157.35	281.95	152.84	35.85	18.34
Total Current Assets	1,562	1,749	1,538	1,413	859.05	587.17
Property, Plant & Equipment	938.04	970.42	809.51	589.99	350.07	215.25
Long-Term Investments	86.29	64.19	25.75	-	-	-
Other Intangible Assets	199.3	231.37	106.14	103.87	106.94	47.66
Long-Term Deferred Tax Assets	9.56	15.31	14.31	23.86	8.25	5.33
Long-Term Deferred Charges	2	2.38	2.82	3.11	-	0.57
Other Long-Term Assets	38.28	1.23	3.57	18.2	11.38	15.51
Total Assets	2,836	3,034	2,500	2,152	1,336	871.49
Accounts Payable	121.4	189.25	262.25	413.36	463.85	315.87
Accrued Expenses	42.67	54.69	49.31	23.73	31.38	39.71
Short-Term Debt	981.95	1,124	655.75	189.21	157.29	43.49
Current Portion of Long-Term Debt	34.1	32.73	-	27.14	4.4	-
Current Portion of Leases	-	0.22	0.23	10.65	9.82	-
Current Income Taxes Payable	10.16	0.84	1.84	-	6.04	5.19
Current Unearned Revenue	29.29	28.94	61.38	128.95	50.05	31.96
Other Current Liabilities	96.72	104.95	108.73	17.39	7.07	13.41
Total Current Liabilities	1,316	1,536	1,140	810.42	729.9	449.63
Long-Term Debt	95.2	109.68	-	72.3	50.42	-
Long-Term Leases	1.2	0.73	0.05	6.32	18.38	-
Long-Term Unearned Revenue	48.19	53.1	26.55	17.37	18.83	9.06
Long-Term Deferred Tax Liabilities	8.77	5.16	-	-	-	-
Total Liabilities	1,470	1,705	1,166	906.42	817.53	458.69
Common Stock	137.51	137.51	140	140	105	105
Additional Paid-In Capital	585.81	585.81	633.31	633.31	41.8	41.8
Retained Earnings	642.98	606.25	560.9	472.24	371.37	266
Shareholders' Equity	1,366	1,330	1,334	1,246	518.17	412.8
Total Liabilities & Equity	2,836	3,034	2,500	2,152	1,336	871.49
Total Debt	1,112	1,268	656.04	305.62	240.31	43.49
Net Cash (Debt)	-490.11	-430.13	-4.17	543.12	133.37	214.71
Net Cash Growth	-	-	-	307.24%	-37.89%	32.05%
Net Cash Per Share	-3.58	-3.13	-0.03	5.01	1.27	2.05
Filing Date Shares Outstanding	137.51	137.51	140	140	105	105
Total Common Shares Outstanding	137.51	137.51	140	140	105	105
Working Capital	246.2	213.35	398.73	602.51	129.15	137.54
Book Value Per Share	9.94	9.67	9.53	8.90	4.93	3.93
Tangible Book Value	1,167	1,098	1,228	1,142	411.23	365.14
Tangible Book Value Per Share	8.49	7.99	8.77	8.15	3.92	3.48
Buildings	-	510.75	323.8	291.57	200.88	144.32
Machinery	-	732.58	582.76	308.45	247.91	175.65
Construction In Progress	-	37.01	123.18	161.76	44.14	14.01

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.