Zwsoft 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	231.76	249.03	292.91	588.91	486.99	514.06
Short-Term Investments	-	-	-	-	-	51.9
Trading Asset Securities	1,702	1,778	1,726	1,597	1,994	1,959
Cash & Short-Term Investments	1,934	2,027	2,019	2,186	2,481	2,525
Cash Growth	-1.80%	0.44%	-7.65%	-11.92%	-1.74%	431.68%
Accounts Receivable	125.37	121.72	138.43	125.96	83.07	107.8
Other Receivables	24.59	27.45	32.75	32.1	39.58	25.6
Receivables	149.96	149.17	171.18	158.07	122.64	133.4
Inventory	26.81	23.84	22.3	26	3.01	2.35
Other Current Assets	45.59	47.78	34.68	28.53	17.31	13.69
Total Current Assets	2,156	2,248	2,247	2,398	2,624	2,675
Property, Plant & Equipment	391.19	398.71	352.3	276.57	139.44	112.47
Long-Term Investments	31.99	31.96	37.46	46.62	42.35	32.05
Goodwill	77.7	77.7	110.85	127.58	-	-
Other Intangible Assets	335.17	342.19	370.72	387.38	304.11	277.28
Long-Term Deferred Tax Assets	54.63	45.89	40.03	27.99	12.83	2.24
Long-Term Deferred Charges	5.99	7.05	10.73	13.52	12.34	10.13
Other Long-Term Assets	9.56	0.96	1.42	4.05	3.55	8.29
Total Assets	3,063	3,153	3,170	3,282	3,139	3,117
Accounts Payable	37.51	52.67	18.37	16.99	3.01	1.49
Accrued Expenses	40.22	105.89	154.69	198.35	150.94	121.26
Short-Term Debt	40.03	10.01	-	15	-	-
Current Portion of Long-Term Debt	5.66	8.19	-	-	-	-
Current Portion of Leases	-	-	15.26	25.47	25.39	18.64
Current Income Taxes Payable	13.16	29.21	5.46	1.11	-	11.86
Current Unearned Revenue	176.71	156.54	136.8	145.48	99.04	56.22
Other Current Liabilities	18.94	24.05	61.59	41.72	18.6	11.46
Total Current Liabilities	332.23	386.55	392.17	444.12	296.99	220.94
Long-Term Leases	6.83	6.72	5.85	16.87	11.37	21.33
Long-Term Unearned Revenue	22.44	16.63	68.34	83.89	93.49	61.3
Long-Term Deferred Tax Liabilities	7.45	7.93	9.72	11.61	4.49	1.4
Other Long-Term Liabilities	41.26	41.24	-	-	-	-
Total Liabilities	410.22	459.06	476.08	556.48	406.34	304.96
Common Stock	169.65	169.65	121.3	121.3	86.67	61.94
Additional Paid-In Capital	2,230	2,224	2,269	2,294	2,354	2,397
Retained Earnings	248.69	286.99	326.6	317.02	298.9	354.36
Treasury Stock	-6	-	-34.29	-48.4	-27.34	-
Comprehensive Income & Other	-1.13	0.79	-0.55	-0.89	-1.26	-1.03
Total Common Equity	2,641	2,682	2,682	2,683	2,711	2,812
Minority Interest	11.12	11.79	12.11	42.82	22.09	-
Shareholders' Equity	2,652	2,694	2,694	2,726	2,733	2,812
Total Liabilities & Equity	3,063	3,153	3,170	3,282	3,139	3,117
Total Debt	52.52	24.92	21.11	57.33	36.77	39.96
Net Cash (Debt)	1,882	2,003	1,997	2,128	2,445	2,485
Net Cash Growth	2.07%	0.26%	-6.16%	-12.94%	-1.64%	423.26%
Net Cash Per Share	10.96	11.58	11.82	12.63	14.54	15.57
Filing Date Shares Outstanding	166.54	180.91	168.98	169.22	169.68	169.97
Total Common Shares Outstanding	166.54	180.91	168.98	169.53	169.68	169.97
Working Capital	1,824	1,862	1,854	1,954	2,327	2,454
Book Value Per Share	15.86	14.82	15.87	15.82	15.97	16.55
Tangible Book Value	2,228	2,262	2,200	2,168	2,407	2,535
Tangible Book Value Per Share	13.38	12.50	13.02	12.79	14.18	14.91
Buildings	-	-	106.74	106.66	62.59	55.6
Machinery	-	-	57.71	49.4	30.57	22.12
Construction In Progress	-	-	217.04	114.06	35.7	12.97

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