Wencan Group 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	542.31	652.8	473.96	459.49	588.65	719.78
Trading Asset Securities	-	100	3.53	6.03	-	-
Cash & Short-Term Investments	542.31	752.8	477.49	465.51	588.65	719.78
Cash Growth	-37.08%	57.66%	2.57%	-20.92%	-18.22%	-37.58%
Accounts Receivable	1,461	1,347	1,135	1,386	1,028	799.33
Other Receivables	6.57	7.93	7.24	6.47	6.36	7.98
Receivables	1,468	1,355	1,143	1,393	1,035	807.32
Inventory	811.34	710.57	680.84	723.33	513.99	409.16
Prepaid Expenses	-	-	-	-	4.79	4.72
Other Current Assets	259.87	313.16	258.66	189.71	165.88	140.74
Total Current Assets	3,081	3,132	2,560	2,771	2,308	2,082
Property, Plant & Equipment	4,711	4,330	3,915	3,381	2,687	2,648
Goodwill	299.17	270.12	282.09	266.43	259.14	288.04
Other Intangible Assets	466.95	466.11	453.17	395.13	316.38	359.05
Long-Term Deferred Tax Assets	252.68	244.65	226.91	232.07	169.42	84.89
Long-Term Deferred Charges	182.28	171.12	172.85	171.63	99.76	99.94
Other Long-Term Assets	86.3	65.15	126.65	133.3	92.37	39.39
Total Assets	9,079	8,679	7,736	7,351	5,932	5,601
Accounts Payable	1,642	1,307	1,061	1,107	833.53	552.49
Accrued Expenses	137.78	190.74	178.33	158.3	165.68	185.91
Short-Term Debt	843.81	866.06	820.81	930.9	489.49	512.17
Current Portion of Long-Term Debt	458.44	509.04	635.34	389.8	241.69	298.68
Current Portion of Leases	-	21.09	9.03	5.5	8.28	-
Current Income Taxes Payable	44.94	9.75	9.35	10.16	14.12	11.15
Current Unearned Revenue	103.5	71.36	126.33	96.74	54.12	48.94
Other Current Liabilities	96.75	430.43	327.53	479.33	114.35	151.5
Total Current Liabilities	3,327	3,405	3,168	3,177	1,921	1,761
Long-Term Debt	1,199	789.48	1,095	900.28	1,111	1,062
Long-Term Leases	24.18	31.6	5.91	5.13	5.56	-
Long-Term Unearned Revenue	82.53	65.27	72.39	70.91	71.28	78.93
Pension & Post-Retirement Benefits	-	26.15	29.92	22.8	29.04	37.99
Long-Term Deferred Tax Liabilities	65.86	62.73	64.9	71.64	73.66	76.21
Other Long-Term Liabilities	62.04	50.2	76.17	55.99	1.93	4.32
Total Liabilities	4,761	4,431	4,512	4,304	3,214	3,020
Common Stock	314.48	314.48	264.06	263.53	262.17	258.77
Additional Paid-In Capital	3,048	3,048	1,913	1,907	1,833	1,684
Retained Earnings	954.61	999.42	930.6	919.7	721.44	663.99
Treasury Stock	-	-	-	-20.94	-42.8	-72.52
Comprehensive Income & Other	1.83	-113.84	115.83	-22.3	-56.01	46.12
Shareholders' Equity	4,319	4,248	3,224	3,047	2,718	2,581
Total Liabilities & Equity	9,079	8,679	7,736	7,351	5,932	5,601
Total Debt	2,525	2,217	2,566	2,232	1,856	1,872
Net Cash (Debt)	-1,983	-1,464	-2,088	-1,766	-1,268	-1,153
Net Cash Per Share	-7.96	-5.22	-7.87	-6.69	-4.96	-4.95
Filing Date Shares Outstanding	314.48	314.48	264.06	263.53	262.17	259.61
Total Common Shares Outstanding	314.48	314.48	264.06	263.53	262.17	258.77
Working Capital	-246.38	-273.78	-608.21	-406.2	386.85	320.89
Book Value Per Share	13.73	13.51	12.21	11.56	10.37	9.97
Tangible Book Value	3,552	3,511	2,489	2,385	2,143	1,934
Tangible Book Value Per Share	11.30	11.17	9.42	9.05	8.17	7.47
Land	-	979.62	859.1	-	-	-
Buildings	-	-	-	804.25	657.47	630.43
Machinery	-	4,399	3,872	3,321	2,684	2,600
Construction In Progress	-	1,085	1,127	811.15	648.05	477.03

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