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 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	405.45	416.61	451.52	462.92	137.19	102.26
Cash & Short-Term Investments	405.45	416.61	451.52	462.92	137.19	102.26
Cash Growth	-8.68%	-7.73%	-2.46%	237.43%	34.16%	31.24%
Accounts Receivable	262.39	270.91	325.49	285.57	276.27	284.65
Other Receivables	2.12	1.13	3.27	3.04	0.42	0.41
Receivables	264.51	272.04	328.77	288.61	276.69	285.06
Inventory	281.11	295.7	270.4	325.35	295.08	307.74
Other Current Assets	35.86	20.96	6.12	8.22	7.08	5.54
Total Current Assets	986.93	1,005	1,057	1,085	716.04	700.6
Property, Plant & Equipment	402.53	378.7	223.24	188.91	120.72	123.02
Other Intangible Assets	136.42	137.4	139.28	95.93	6.93	7.22
Long-Term Deferred Tax Assets	0.2	0.02	0.02	0.03	0.03	0.28
Long-Term Deferred Charges	1.25	1.52	1.08	1.43	0.37	2.85
Other Long-Term Assets	53.45	52.64	30.73	11.87	13.62	8.53
Total Assets	1,581	1,576	1,451	1,383	857.71	842.5
Accounts Payable	194.77	176.66	145.1	137.06	131.6	143.07
Accrued Expenses	7.33	18.06	23.14	17.54	14.85	16.05
Short-Term Debt	86.06	77.56	71.42	39.04	3.93	9.8
Current Portion of Long-Term Debt	29.05	28.66	8.83	30.4	-	36.85
Current Portion of Leases	-	-	0.04	0.04	2.52	3.02
Current Income Taxes Payable	7.47	9.15	5.56	4.2	3.2	1.36
Current Unearned Revenue	5.82	2.71	3.17	2.52	2.59	10.26
Other Current Liabilities	83.64	111.67	83.78	70.54	82.94	91.6
Total Current Liabilities	414.15	424.48	341.05	301.34	241.63	312.02
Long-Term Debt	32.32	32.32	44.11	42.79	36.84	-
Long-Term Leases	-	-	-	0.04	0.18	2.44
Long-Term Unearned Revenue	19.75	19.39	0.78	0.99	1.3	0.77
Long-Term Deferred Tax Liabilities	0.43	0.44	3.38	3.9	5.04	3.43
Total Liabilities	466.65	476.63	389.31	349.06	284.99	318.66
Common Stock	133.38	133.38	133.38	133.38	100	100
Additional Paid-In Capital	630.9	630.9	630.16	629.26	241.13	239.99
Retained Earnings	345.31	331.35	295.1	270.11	229.66	182.04
Comprehensive Income & Other	2.6	1.59	1.56	0.29	1.25	0.59
Total Common Equity	1,112	1,097	1,060	1,033	572.03	522.61
Minority Interest	1.94	1.75	1.64	1.17	0.68	1.23
Shareholders' Equity	1,114	1,099	1,062	1,034	572.71	523.84
Total Liabilities & Equity	1,581	1,576	1,451	1,383	857.71	842.5
Total Debt	147.43	138.53	124.4	112.31	43.48	52.1
Net Cash (Debt)	258.02	278.08	327.12	350.61	93.71	50.16
Net Cash Growth	-16.54%	-14.99%	-6.70%	274.15%	86.83%	22.13%
Net Cash Per Share	1.89	2.07	2.48	2.95	0.94	0.50
Filing Date Shares Outstanding	139.53	137.14	133.38	133.38	100	100
Total Common Shares Outstanding	139.53	137.14	133.38	133.38	100	100
Working Capital	572.78	580.84	715.76	783.77	474.41	388.58
Book Value Per Share	7.97	8.00	7.95	7.75	5.72	5.23
Tangible Book Value	975.76	959.82	920.92	937.11	565.11	515.39
Tangible Book Value Per Share	6.99	7.00	6.90	7.03	5.65	5.15
Buildings	-	-	148.08	148.08	81.78	77.93
Machinery	-	-	218.6	181.85	157.79	148.18
Construction In Progress	-	-	46.79	21.48	5.19	1.45

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