Zhong Wang Fabric 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	251.16	279.09	342.41	740.78	422.29	357.44
Short-Term Investments	-	-	-	-	-	101.18
Trading Asset Securities	0.09	0.06	10.06	0.31	55.29	51.23
Cash & Short-Term Investments	251.25	279.15	352.47	741.08	477.58	509.86
Cash Growth	-27.74%	-20.80%	-52.44%	55.18%	-6.33%	-21.11%
Accounts Receivable	58.94	72.17	75.46	54.31	55.84	98.41
Other Receivables	3.77	5.13	9.77	4.03	3.01	8.09
Receivables	62.71	77.3	85.23	58.33	58.85	106.51
Inventory	79.37	80.45	88.12	105.8	96.13	126.7
Other Current Assets	35.04	34.6	20.02	5.3	5.53	2.35
Total Current Assets	428.37	471.5	545.84	910.52	638.09	745.41
Property, Plant & Equipment	751.17	731.81	645.88	560.32	536.41	411.52
Long-Term Investments	-	261.78	254.53	-	-	-
Other Intangible Assets	110.68	112.54	115.39	104.44	68.08	69.35
Long-Term Deferred Tax Assets	0.51	0.5	0.33	0.18	0.47	0.7
Long-Term Deferred Charges	0.68	0.78	1.38	0.67	0.01	0.02
Other Long-Term Assets	285.4	22.23	24.03	8.07	10.83	0.6
Total Assets	1,577	1,601	1,587	1,584	1,254	1,228
Accounts Payable	70.05	87.43	105.53	98.48	41.04	104.46
Accrued Expenses	6.52	17.01	16.37	18.09	12.72	14.1
Current Portion of Leases	0.86	1.77	3.44	-	-	-
Current Income Taxes Payable	2.94	5.72	4.72	45.3	0.16	11.46
Current Unearned Revenue	5.12	11.29	2.66	3.64	2.76	3.02
Other Current Liabilities	3.47	1.18	0.92	0.67	61.19	5.37
Total Current Liabilities	88.96	124.4	133.65	166.17	117.86	138.41
Long-Term Debt	2.47	2.47	2.47	2.47	2.47	2.47
Long-Term Leases	-	-	1.86	-	-	-
Long-Term Unearned Revenue	14.78	15.35	15.56	16.08	2.65	0.76
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.18
Total Liabilities	106.21	142.21	153.54	184.72	122.99	141.83
Common Stock	110	110	110	110	110	110
Additional Paid-In Capital	554.97	554.97	554.97	554.97	554.97	554.97
Retained Earnings	812.65	798.96	771.56	736.29	467.49	421.78
Comprehensive Income & Other	-7.02	-5.01	-2.69	-1.8	-1.56	-0.98
Shareholders' Equity	1,471	1,459	1,434	1,399	1,131	1,086
Total Liabilities & Equity	1,577	1,601	1,587	1,584	1,254	1,228
Total Debt	3.33	4.24	7.78	2.47	2.47	2.47
Net Cash (Debt)	247.92	274.91	344.69	738.61	475.1	507.39
Net Cash Growth	-27.25%	-20.24%	-53.33%	55.46%	-6.36%	-21.15%
Net Cash Per Share	2.23	2.50	3.13	6.71	4.34	4.62
Filing Date Shares Outstanding	110	110	110	110	110	110
Total Common Shares Outstanding	110	110	110	110	110	110
Working Capital	339.42	347.1	412.19	744.34	520.23	607
Book Value Per Share	13.37	13.26	13.03	12.72	10.28	9.87
Tangible Book Value	1,360	1,346	1,318	1,295	1,063	1,016
Tangible Book Value Per Share	12.36	12.24	11.99	11.77	9.66	9.24
Buildings	-	456.28	418.34	464.65	392.55	72.66
Machinery	-	235	260.02	273.53	239.95	158.05
Construction In Progress	-	217.16	148.98	24.74	83.62	341.71

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