Zhejiang Xinao Textiles 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	986.85	531.91	1,027	954.88	641.82	763.46
Trading Asset Securities	-	54.61	138.22	155	101.28	-
Cash & Short-Term Investments	986.85	586.51	1,165	1,110	743.11	763.46
Cash Growth	13.85%	-49.66%	4.97%	49.36%	-2.67%	18.44%
Accounts Receivable	806.24	483.19	462.12	387.96	284.6	276.16
Other Receivables	8.31	3.36	18.84	33.49	2.03	37.5
Receivables	814.55	486.55	480.96	421.45	286.63	313.66
Inventory	2,062	1,990	1,856	1,745	1,497	852.6
Prepaid Expenses	-	0.09	0.09	0.08	-	-
Other Current Assets	97.08	39.79	21.42	30.42	93.19	16.94
Total Current Assets	3,960	3,103	3,524	3,307	2,620	1,947
Property, Plant & Equipment	2,210	2,144	1,747	1,210	1,237	1,209
Long-Term Investments	203.25	181.71	126.73	-	-	-
Other Intangible Assets	176.35	180.11	185.16	97.72	98.72	100.51
Long-Term Deferred Tax Assets	14.94	12.7	11.73	10.17	9.13	4.65
Long-Term Deferred Charges	4.55	0.81	0.98	1.78	1.71	2.38
Other Long-Term Assets	5.28	66.71	49.19	18.88	6.39	6.86
Total Assets	6,575	5,689	5,645	4,646	3,973	3,270
Accounts Payable	415.68	453.78	798.42	593.07	363.7	249.97
Accrued Expenses	115.97	149.15	148.77	112.43	103.11	92.53
Short-Term Debt	1,011	508.07	600.38	625.08	572.03	260.62
Current Portion of Long-Term Debt	223.46	200.53	239.72	-	-	9.01
Current Portion of Leases	-	0.45	0.49	5.69	5.02	-
Current Income Taxes Payable	54.24	12.33	13.69	11.71	13.15	4.77
Current Unearned Revenue	71.78	64.71	58.81	58.9	73	35.07
Other Current Liabilities	54.73	69.88	89.92	39.6	39.64	31.66
Total Current Liabilities	1,947	1,459	1,950	1,446	1,170	683.64
Long-Term Debt	658.81	656.02	380.21	150.15	-	-
Long-Term Leases	1.42	1.16	0.12	6.07	11.81	-
Long-Term Unearned Revenue	20.99	21.39	18.51	11.38	13.55	7.66
Long-Term Deferred Tax Liabilities	0.72	0.72	0.72	0.72	0.72	0.72
Other Long-Term Liabilities	-	-	-	-	-	1.45
Total Liabilities	2,629	2,138	2,350	1,615	1,196	693.46
Common Stock	730.3	730.49	730.66	511.75	511.75	511.75
Additional Paid-In Capital	922.68	908.73	891.58	1,049	1,045	1,045
Retained Earnings	1,968	1,809	1,600	1,401	1,164	968.57
Treasury Stock	-33.83	-40.41	-58.41	-	-	-
Comprehensive Income & Other	9.91	-4.58	6.23	-4.22	-3.83	3.63
Total Common Equity	3,597	3,404	3,170	2,957	2,718	2,529
Minority Interest	349.18	147.64	125.17	74.17	59.3	47.18
Shareholders' Equity	3,946	3,551	3,296	3,031	2,777	2,576
Total Liabilities & Equity	6,575	5,689	5,645	4,646	3,973	3,270
Total Debt	1,895	1,366	1,221	786.98	588.86	269.63
Net Cash (Debt)	-907.71	-779.73	-55.85	322.9	154.25	493.83
Net Cash Growth	-	-	-	109.34%	-68.77%	39.02%
Net Cash Per Share	-1.23	-1.07	-0.08	0.45	0.21	0.70
Filing Date Shares Outstanding	730.3	730.49	730.66	716.44	716.44	716.44
Total Common Shares Outstanding	730.3	730.49	730.66	716.44	716.44	716.44
Working Capital	2,014	1,644	1,574	1,861	1,451	1,263
Book Value Per Share	4.92	4.66	4.34	4.13	3.79	3.53
Tangible Book Value	3,420	3,224	2,985	2,859	2,619	2,429
Tangible Book Value Per Share	4.68	4.41	4.09	3.99	3.66	3.39
Buildings	-	1,177	1,080	788.39	672.97	666.49
Machinery	-	1,940	1,567	1,242	1,149	1,129
Construction In Progress	-	214.07	123.36	52.78	172.43	74.15

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