Wencan Group 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	546.03	774.43	652.8	473.96	459.49	588.65
Trading Asset Securities	-	-	100	3.53	6.03	-
Cash & Short-Term Investments	546.03	774.43	752.8	477.49	465.51	588.65
Cash Growth	-45.27%	2.87%	57.66%	2.57%	-20.92%	-18.22%
Accounts Receivable	1,351	1,233	1,347	1,135	1,386	1,028
Other Receivables	7.62	6.79	7.93	7.24	6.47	6.36
Receivables	1,358	1,240	1,355	1,143	1,393	1,035
Inventory	872.19	779.11	710.57	680.84	723.33	513.99
Prepaid Expenses	-	-	-	-	-	4.79
Other Current Assets	285.38	245.09	313.16	258.66	189.71	165.88
Total Current Assets	3,062	3,039	3,132	2,560	2,771	2,308
Property, Plant & Equipment	4,695	4,687	4,330	3,915	3,381	2,687
Goodwill	284.64	295.6	270.12	282.09	266.43	259.14
Other Intangible Assets	442.62	456.75	466.11	453.17	395.13	316.38
Long-Term Deferred Tax Assets	201.72	194.73	244.65	226.91	232.07	169.42
Long-Term Deferred Charges	242.12	212.45	171.12	172.85	171.63	99.76
Other Long-Term Assets	78.23	87.01	65.15	126.65	133.3	92.37
Total Assets	9,006	8,972	8,679	7,736	7,351	5,932
Accounts Payable	1,787	1,741	1,307	1,061	1,107	833.53
Accrued Expenses	135.5	127.94	190.74	178.33	158.3	165.68
Short-Term Debt	971.59	886.93	866.06	820.81	930.9	489.49
Current Portion of Long-Term Debt	478.77	459.6	509.04	635.34	389.8	241.69
Current Portion of Leases	-	-	21.09	9.03	5.5	8.28
Current Income Taxes Payable	38.81	37.45	9.75	9.35	10.16	14.12
Current Unearned Revenue	98.83	104.24	71.36	126.33	96.74	54.12
Other Current Liabilities	68.42	81.74	430.43	327.53	479.33	114.35
Total Current Liabilities	3,579	3,439	3,405	3,168	3,177	1,921
Long-Term Debt	1,244	1,265	789.48	1,095	900.28	1,111
Long-Term Leases	16.53	22.64	31.6	5.91	5.13	5.56
Long-Term Unearned Revenue	137.85	121.85	65.27	72.39	70.91	71.28
Pension & Post-Retirement Benefits	-	-	26.15	29.92	22.8	29.04
Long-Term Deferred Tax Liabilities	59.45	63.4	62.73	64.9	71.64	73.66
Other Long-Term Liabilities	76.71	78.61	50.2	76.17	55.99	1.93
Total Liabilities	5,113	4,991	4,431	4,512	4,304	3,214
Common Stock	314.48	314.48	314.48	264.06	263.53	262.17
Additional Paid-In Capital	3,048	3,048	3,048	1,913	1,907	1,833
Retained Earnings	524.52	604.3	999.42	930.6	919.7	721.44
Treasury Stock	-	-	-	-	-20.94	-42.8
Comprehensive Income & Other	6.65	15.36	-113.84	115.83	-22.3	-56.01
Shareholders' Equity	3,893	3,982	4,248	3,224	3,047	2,718
Total Liabilities & Equity	9,006	8,972	8,679	7,736	7,351	5,932
Total Debt	2,710	2,634	2,217	2,566	2,232	1,856
Net Cash (Debt)	-2,164	-1,860	-1,464	-2,088	-1,766	-1,268
Net Cash Per Share	-6.92	-5.93	-5.22	-7.87	-6.69	-4.96
Filing Date Shares Outstanding	319.1	546.67	314.48	264.06	263.53	262.17
Total Common Shares Outstanding	319.1	546.67	314.48	264.06	263.53	262.17
Working Capital	-516.78	-400.26	-273.78	-608.21	-406.2	386.85
Book Value Per Share	12.20	7.28	13.51	12.21	11.56	10.37
Tangible Book Value	3,166	3,229	3,511	2,489	2,385	2,143
Tangible Book Value Per Share	9.92	5.91	11.17	9.42	9.05	8.17
Land	-	-	979.62	859.1	-	-
Buildings	-	-	-	-	804.25	657.47
Machinery	-	-	4,399	3,872	3,321	2,684
Construction In Progress	-	-	1,085	1,127	811.15	648.05

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