Zhende Medical 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	662.47	825.31	596.16	1,052	2,075	1,358
Trading Asset Securities	406.14	283.32	232.23	155.62	99.67	5.22
Cash & Short-Term Investments	1,069	1,109	828.39	1,207	2,175	1,364
Cash Growth	-12.09%	33.83%	-31.39%	-44.48%	59.50%	-41.00%
Accounts Receivable	632.18	728.76	764.06	550.51	793.96	694.52
Other Receivables	69.73	44.81	148.69	45.86	34.08	38.5
Receivables	701.9	773.58	912.74	596.37	828.04	733.02
Inventory	831.32	754.13	770.72	800.81	929.59	833.5
Other Current Assets	220.62	222.71	137.97	115.22	201.58	265.55
Total Current Assets	2,822	2,859	2,650	2,720	4,134	3,196
Property, Plant & Equipment	3,528	3,506	3,158	2,812	2,528	2,178
Long-Term Investments	189.91	190.38	194.27	195.07	137.81	84.83
Goodwill	1,029	1,037	788.78	787.83	474.49	398.52
Other Intangible Assets	712.69	722.68	710.12	607.1	564.46	444.82
Long-Term Deferred Tax Assets	62.4	65.71	65.25	79.5	53.4	56.03
Long-Term Deferred Charges	20.24	20.03	10.45	2.29	3.3	3.92
Other Long-Term Assets	-	-	-	62.78	-	60.35
Total Assets	8,365	8,401	7,577	7,267	7,896	6,422
Accounts Payable	447.45	573.03	399.62	325.25	646.77	576.83
Accrued Expenses	98.81	123.06	231.63	180.09	320.84	179.02
Short-Term Debt	766.69	767	300.19	281.97	165.55	660.73
Current Portion of Long-Term Debt	108.28	105.54	0.35	110.11	12.01	-
Current Portion of Leases	-	-	3	5.44	3.12	9.75
Current Income Taxes Payable	29.35	41.61	33.89	10	59.03	13.26
Current Unearned Revenue	26.49	21.6	26.21	44.88	144.39	47.84
Other Current Liabilities	239.76	176.31	165.15	214.56	167.02	115.18
Total Current Liabilities	1,717	1,808	1,160	1,172	1,519	1,603
Long-Term Debt	381.15	383.1	283.11	200.17	388.36	145.16
Long-Term Leases	31.52	8.8	1.52	39.23	36.81	32.73
Long-Term Unearned Revenue	215.85	215.24	218.02	231.98	176	173.9
Long-Term Deferred Tax Liabilities	21.48	23.34	17.78	18.64	20.05	27.68
Total Liabilities	2,367	2,439	1,680	1,662	2,140	1,982
Common Stock	265.84	265.84	266.45	266.45	266.45	227.2
Additional Paid-In Capital	1,772	1,772	1,787	1,787	1,782	895.61
Retained Earnings	3,753	3,698	3,602	3,351	3,552	3,009
Treasury Stock	-46.54	-46.54	-21.49	-21.49	-36.56	-52.5
Comprehensive Income & Other	-19.36	-3.14	8.95	-17.71	-23.61	-12.42
Total Common Equity	5,725	5,687	5,643	5,366	5,540	4,067
Minority Interest	272.98	275.53	253.15	238.8	215.32	372.86
Shareholders' Equity	5,998	5,962	5,896	5,604	5,756	4,440
Total Liabilities & Equity	8,365	8,401	7,577	7,267	7,896	6,422
Total Debt	1,288	1,264	588.17	636.92	605.85	848.36
Net Cash (Debt)	-219.04	-155.81	240.22	570.5	1,569	515.16
Net Cash Growth	-	-	-57.89%	-63.64%	204.55%	-72.27%
Net Cash Per Share	-0.83	-0.59	0.90	2.13	6.62	2.27
Filing Date Shares Outstanding	272.24	251.76	266.32	266.32	271.76	225.1
Total Common Shares Outstanding	272.24	251.76	266.32	266.32	271.76	225.1
Working Capital	1,106	1,051	1,490	1,548	2,615	1,593
Book Value Per Share	21.03	22.59	21.19	20.15	20.39	18.07
Tangible Book Value	3,983	3,927	4,144	3,971	4,502	3,223
Tangible Book Value Per Share	14.63	15.60	15.56	14.91	16.56	14.32
Land	-	-	18.39	21.99	1,386	-
Buildings	-	-	1,807	1,658	-	1,068
Machinery	-	-	1,630	1,453	1,175	1,084
Construction In Progress	-	-	562.33	388.39	513.97	514.07

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