Zhejiang Wanfeng Chemical 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	418.18	451.52	462.92	137.19	102.26	75.93
Trading Asset Securities	10	-	-	-	-	1.99
Cash & Short-Term Investments	428.18	451.52	462.92	137.19	102.26	77.92
Cash Growth	0.90%	-2.46%	237.43%	34.16%	31.24%	-47.69%
Accounts Receivable	276.93	325.49	285.57	276.27	284.65	271.12
Other Receivables	2.58	3.27	3.04	0.42	0.41	24.2
Receivables	279.51	328.77	288.61	276.69	285.06	295.32
Inventory	268.54	270.4	325.35	295.08	307.74	264.18
Other Current Assets	15.01	6.12	8.22	7.08	5.54	5.74
Total Current Assets	991.23	1,057	1,085	716.04	700.6	643.17
Property, Plant & Equipment	319.66	223.24	188.91	120.72	123.02	118.08
Other Intangible Assets	138.41	139.28	95.93	6.93	7.22	7.34
Long-Term Deferred Tax Assets	0.02	0.02	0.03	0.03	0.28	0.37
Long-Term Deferred Charges	2.04	1.08	1.43	0.37	2.85	5.46
Other Long-Term Assets	63.09	30.73	11.87	13.62	8.53	4.71
Total Assets	1,514	1,451	1,383	857.71	842.5	779.12
Accounts Payable	164.44	145.1	137.06	131.6	143.07	151.03
Accrued Expenses	12.09	23.14	17.54	14.85	16.05	14.75
Short-Term Debt	66.54	71.42	39.04	3.93	9.8	-
Current Portion of Long-Term Debt	11.83	8.83	30.4	-	36.85	10.61
Current Portion of Leases	-	0.04	0.04	2.52	3.02	-
Current Income Taxes Payable	8.99	5.56	4.2	3.2	1.36	8.44
Current Unearned Revenue	1.91	3.17	2.52	2.59	10.26	4.8
Other Current Liabilities	100.95	83.78	70.54	82.94	91.6	81.23
Total Current Liabilities	366.76	341.05	301.34	241.63	312.02	270.87
Long-Term Debt	55.49	44.11	42.79	36.84	-	26.23
Long-Term Leases	-	-	0.04	0.18	2.44	-
Long-Term Unearned Revenue	0.63	0.78	0.99	1.3	0.77	0.95
Long-Term Deferred Tax Liabilities	3.12	3.38	3.9	5.04	3.43	1.92
Total Liabilities	425.99	389.31	349.06	284.99	318.66	299.98
Common Stock	133.38	133.38	133.38	100	100	100
Additional Paid-In Capital	630.71	630.16	629.26	241.13	239.99	238.8
Retained Earnings	320.34	295.1	270.11	229.66	182.04	137.24
Comprehensive Income & Other	2.46	1.56	0.29	1.25	0.59	1.52
Total Common Equity	1,087	1,060	1,033	572.03	522.61	477.56
Minority Interest	1.56	1.64	1.17	0.68	1.23	1.58
Shareholders' Equity	1,088	1,062	1,034	572.71	523.84	479.14
Total Liabilities & Equity	1,514	1,451	1,383	857.71	842.5	779.12
Total Debt	133.86	124.4	112.31	43.48	52.1	36.85
Net Cash (Debt)	294.31	327.12	350.61	93.71	50.16	41.07
Net Cash Growth	-0.75%	-6.70%	274.15%	86.83%	22.13%	19.72%
Net Cash Per Share	2.20	2.48	2.95	0.94	0.50	0.41
Filing Date Shares Outstanding	133.38	133.38	133.38	100	100	100
Total Common Shares Outstanding	133.38	133.38	133.38	100	100	100
Working Capital	624.47	715.76	783.77	474.41	388.58	372.29
Book Value Per Share	8.15	7.95	7.75	5.72	5.23	4.78
Tangible Book Value	948.49	920.92	937.11	565.11	515.39	470.22
Tangible Book Value Per Share	7.11	6.90	7.03	5.65	5.15	4.70
Buildings	-	148.08	148.08	81.78	77.93	73.2
Machinery	-	218.6	181.85	157.79	148.18	122.41
Construction In Progress	-	46.79	21.48	5.19	1.45	15.88

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