Zhejiang Yunzhongma 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	689.05	608.4	827.08	651.87	848.74	373.67
Trading Asset Securities	20	-	10.5	-	-	-
Cash & Short-Term Investments	709.05	608.4	837.58	651.87	848.74	373.67
Cash Growth	-15.29%	-27.36%	28.49%	-23.20%	127.13%	44.72%
Accounts Receivable	536.31	526.47	552.22	408.18	277.41	288.7
Other Receivables	0.91	0.34	18.99	26.24	7.42	1.2
Receivables	537.21	526.8	571.2	434.42	284.83	289.89
Inventory	126.26	83.64	183.2	169.99	126.52	159.63
Other Current Assets	196.74	172.76	157.35	281.95	152.84	35.85
Total Current Assets	1,569	1,392	1,749	1,538	1,413	859.05
Property, Plant & Equipment	1,040	982.72	970.42	809.51	589.99	350.07
Long-Term Investments	158.82	107.34	64.19	25.75	-	-
Other Intangible Assets	197.61	198.99	231.37	106.14	103.87	106.94
Long-Term Deferred Tax Assets	8.55	8.93	15.31	14.31	23.86	8.25
Long-Term Deferred Charges	1.34	1.69	2.38	2.82	3.11	-
Other Long-Term Assets	109.78	55.89	1.23	3.57	18.2	11.38
Total Assets	3,085	2,747	3,034	2,500	2,152	1,336
Accounts Payable	673.21	377.75	189.25	262.25	413.36	463.85
Accrued Expenses	30.32	47.35	54.69	49.31	23.73	31.38
Short-Term Debt	486.87	591.24	1,124	655.75	189.21	157.29
Current Portion of Long-Term Debt	21.43	20.93	32.73	-	27.14	4.4
Current Portion of Leases	-	0.44	0.22	0.23	10.65	9.82
Current Income Taxes Payable	4.81	3.33	0.84	1.84	-	6.04
Current Unearned Revenue	89.61	18.53	28.94	61.38	128.95	50.05
Other Current Liabilities	6.66	34.47	104.95	108.73	17.39	7.07
Total Current Liabilities	1,313	1,094	1,536	1,140	810.42	729.9
Long-Term Debt	272.02	164.99	109.68	-	72.3	50.42
Long-Term Leases	1.14	1.11	0.73	0.05	6.32	18.38
Long-Term Unearned Revenue	49.35	51.09	53.1	26.55	17.37	18.83
Long-Term Deferred Tax Liabilities	15.29	15.52	5.16	-	-	-
Total Liabilities	1,651	1,327	1,705	1,166	906.42	817.53
Common Stock	137.51	137.51	137.51	140	140	105
Additional Paid-In Capital	585.81	585.81	585.81	633.31	633.31	41.8
Retained Earnings	711.45	697.08	606.25	560.9	472.24	371.37
Shareholders' Equity	1,435	1,420	1,330	1,334	1,246	518.17
Total Liabilities & Equity	3,085	2,747	3,034	2,500	2,152	1,336
Total Debt	781.46	778.72	1,268	656.04	305.62	240.31
Net Cash (Debt)	-72.41	-170.31	-430.13	-4.17	543.12	133.37
Net Cash Growth	-	-	-	-	307.24%	-37.89%
Net Cash Per Share	-0.51	-1.24	-3.13	-0.03	5.01	1.27
Filing Date Shares Outstanding	143.69	137.51	137.51	140	140	105
Total Common Shares Outstanding	143.69	137.51	137.51	140	140	105
Working Capital	256.36	297.56	213.35	398.73	602.51	129.15
Book Value Per Share	9.99	10.33	9.67	9.53	8.90	4.93
Tangible Book Value	1,237	1,221	1,098	1,228	1,142	411.23
Tangible Book Value Per Share	8.61	8.88	7.99	8.77	8.15	3.92
Buildings	-	460.99	510.75	323.8	291.57	200.88
Machinery	-	792.53	732.58	582.76	308.45	247.91
Construction In Progress	-	104.62	37.01	123.18	161.76	44.14

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