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 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	748.98	749.67	531.91	1,027	954.88	641.82
Short-Term Investments	-	165.88	-	-	-	-
Trading Asset Securities	-	-	54.61	138.22	155	101.28
Cash & Short-Term Investments	748.98	915.55	586.51	1,165	1,110	743.11
Cash Growth	18.72%	56.10%	-49.66%	4.97%	49.36%	-2.67%
Accounts Receivable	699.76	537.5	483.19	462.12	387.96	284.6
Other Receivables	7.77	2.99	3.36	18.84	33.49	2.03
Receivables	707.53	540.5	486.55	480.96	421.45	286.63
Inventory	2,747	2,323	1,990	1,856	1,745	1,497
Prepaid Expenses	-	0.06	0.09	0.09	0.08	-
Other Current Assets	262.82	60.54	39.79	21.42	30.42	93.19
Total Current Assets	4,466	3,840	3,103	3,524	3,307	2,620
Property, Plant & Equipment	2,142	2,157	2,144	1,747	1,210	1,237
Long-Term Investments	-	-	181.71	126.73	-	-
Other Intangible Assets	176.1	175.51	180.11	185.16	97.72	98.72
Long-Term Deferred Tax Assets	15.01	14.59	12.7	11.73	10.17	9.13
Long-Term Deferred Charges	4.17	4.46	0.81	0.98	1.78	1.71
Other Long-Term Assets	187.68	191.08	66.71	49.19	18.88	6.39
Total Assets	6,991	6,383	5,689	5,645	4,646	3,973
Accounts Payable	636.36	412.43	453.78	798.42	593.07	363.7
Accrued Expenses	63.21	148.73	149.15	148.77	112.43	103.11
Short-Term Debt	1,163	816.07	508.07	600.38	625.08	572.03
Current Portion of Long-Term Debt	247.34	174.98	200.53	239.72	-	-
Current Portion of Leases	-	0.64	0.45	0.49	5.69	5.02
Current Income Taxes Payable	33.99	25.39	12.33	13.69	11.71	13.15
Current Unearned Revenue	121.73	79.12	64.71	58.81	58.9	73
Other Current Liabilities	42.95	40.92	69.88	89.92	39.6	39.64
Total Current Liabilities	2,309	1,698	1,459	1,950	1,446	1,170
Long-Term Debt	494.71	605.92	656.02	380.21	150.15	-
Long-Term Leases	1.09	1.25	1.16	0.12	6.07	11.81
Long-Term Unearned Revenue	25.24	26.36	21.39	18.51	11.38	13.55
Long-Term Deferred Tax Liabilities	0.72	0.72	0.72	0.72	0.72	0.72
Total Liabilities	2,831	2,333	2,138	2,350	1,615	1,196
Common Stock	730.16	730.24	730.49	730.66	511.75	511.75
Additional Paid-In Capital	929.56	928.8	908.73	891.58	1,049	1,045
Retained Earnings	2,190	2,070	1,809	1,600	1,401	1,164
Treasury Stock	-22.34	-22.69	-40.41	-58.41	-	-
Comprehensive Income & Other	-16.53	-6.64	-4.58	6.23	-4.22	-3.83
Total Common Equity	3,811	3,700	3,404	3,170	2,957	2,718
Minority Interest	349.5	350.5	147.64	125.17	74.17	59.3
Shareholders' Equity	4,161	4,051	3,551	3,296	3,031	2,777
Total Liabilities & Equity	6,991	6,383	5,689	5,645	4,646	3,973
Total Debt	1,906	1,599	1,366	1,221	786.98	588.86
Net Cash (Debt)	-1,157	-683.31	-779.73	-55.85	322.9	154.25
Net Cash Growth	-	-	-	-	109.34%	-68.77%
Net Cash Per Share	-1.60	-0.94	-1.07	-0.08	0.45	0.21
Filing Date Shares Outstanding	730.16	730.24	730.49	730.66	716.44	716.44
Total Common Shares Outstanding	730.16	730.24	730.49	730.66	716.44	716.44
Working Capital	2,157	2,142	1,644	1,574	1,861	1,451
Book Value Per Share	5.22	5.07	4.66	4.34	4.13	3.79
Tangible Book Value	3,635	3,525	3,224	2,985	2,859	2,619
Tangible Book Value Per Share	4.98	4.83	4.41	4.09	3.99	3.66
Buildings	-	1,252	1,172	1,080	788.39	672.97
Machinery	-	2,205	1,945	1,567	1,242	1,149
Construction In Progress	-	97.03	214.07	123.36	52.78	172.43

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