Zhong Wang Fabric Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	279.09	342.41	740.78	422.29	357.44
Short-Term Investments	-	-	-	-	101.18
Trading Asset Securities	0.06	10.06	0.31	55.29	51.23
Cash & Short-Term Investments	279.15	352.47	741.08	477.58	509.86
Cash Growth	-20.80%	-52.44%	55.18%	-6.33%	-21.11%
Accounts Receivable	72.17	75.46	54.31	55.84	98.41
Other Receivables	5.13	9.77	4.03	3.01	8.09
Receivables	77.3	85.23	58.33	58.85	106.51
Inventory	80.45	88.12	105.8	96.13	126.7
Other Current Assets	34.6	20.02	5.3	5.53	2.35
Total Current Assets	471.5	545.84	910.52	638.09	745.41
Property, Plant & Equipment	731.81	645.88	560.32	536.41	411.52
Other Intangible Assets	112.54	115.39	104.44	68.08	69.35
Long-Term Deferred Tax Assets	0.5	0.33	0.18	0.47	0.7
Long-Term Deferred Charges	0.78	1.38	0.67	0.01	0.02
Other Long-Term Assets	284.01	278.56	8.07	10.83	0.6
Total Assets	1,601	1,587	1,584	1,254	1,228
Accounts Payable	87.43	90.67	82.45	41.04	104.46
Accrued Expenses	10.86	16.37	18.09	12.72	14.1
Current Portion of Long-Term Debt	1.77	-	-	-	-
Current Portion of Leases	-	3.44	-	-	-
Current Income Taxes Payable	12.12	4.72	45.3	0.16	11.46
Current Unearned Revenue	9.61	2.66	3.64	2.76	3.02
Other Current Liabilities	2.61	15.78	16.7	61.19	5.37
Total Current Liabilities	124.4	133.65	166.17	117.86	138.41
Long-Term Debt	-	2.47	2.47	2.47	2.47
Long-Term Leases	-	1.86	-	-	-
Long-Term Unearned Revenue	15.35	15.56	16.08	2.65	0.76
Long-Term Deferred Tax Liabilities	-	-	-	-	0.18
Other Long-Term Liabilities	2.47	-	-	-	-
Total Liabilities	142.21	153.54	184.72	122.99	141.83
Common Stock	110	110	110	110	110
Additional Paid-In Capital	554.97	554.97	554.97	554.97	554.97
Retained Earnings	798.96	771.56	736.29	467.49	421.78
Comprehensive Income & Other	-5.01	-2.69	-1.8	-1.56	-0.98
Shareholders' Equity	1,459	1,434	1,399	1,131	1,086
Total Liabilities & Equity	1,601	1,587	1,584	1,254	1,228
Total Debt	1.77	7.78	2.47	2.47	2.47
Net Cash (Debt)	277.39	344.69	738.61	475.1	507.39
Net Cash Growth	-19.53%	-53.33%	55.46%	-6.36%	-21.15%
Net Cash Per Share	2.53	3.13	6.71	4.34	4.62
Filing Date Shares Outstanding	111.89	110	110	110	110
Total Common Shares Outstanding	111.89	110	110	110	110
Working Capital	347.1	412.19	744.34	520.23	607
Book Value Per Share	13.04	13.03	12.72	10.28	9.87
Tangible Book Value	1,346	1,318	1,295	1,063	1,016
Tangible Book Value Per Share	12.03	11.99	11.77	9.66	9.24
Buildings	-	418.34	464.65	392.55	72.66
Machinery	-	260.02	273.53	239.95	158.05
Construction In Progress	-	148.98	24.74	83.62	341.71

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