Guizhou Zhenhua E-chem 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	-	2,232	2,840	1,899	1,471
Cash & Short-Term Investments	1,858	2,232	2,840	1,899	1,471
Cash Growth	-16.76%	-21.40%	49.54%	29.11%	394.48%
Accounts Receivable	-	1,219	1,904	4,393	1,738
Other Receivables	-	6.05	5.53	4.06	85.96
Receivables	-	1,225	1,910	4,397	1,824
Inventory	-	985.55	1,538	1,825	1,520
Other Current Assets	-	147.62	173.91	73.58	79.04
Total Current Assets	-	4,590	6,461	8,195	4,894
Property, Plant & Equipment	-	2,782	2,832	2,468	1,818
Long-Term Investments	-	54.98	61.36	56.4	35.12
Other Intangible Assets	-	232.2	210.89	216.05	101.2
Long-Term Deferred Tax Assets	-	135.03	33.07	24.9	27.88
Long-Term Deferred Charges	-	12.36	4.39	0.72	1.84
Other Long-Term Assets	-	3.64	22.85	111.41	74.48
Total Assets	-	7,810	9,626	11,072	6,952
Accounts Payable	-	1,137	3,442	3,780	1,509
Accrued Expenses	-	23.08	32.68	45.76	34.01
Short-Term Debt	-	799.62	799.47	719.63	520.8
Current Portion of Long-Term Debt	-	799.75	261.03	266.89	842.11
Current Income Taxes Payable	-	0.06	0.31	42.33	12.15
Current Unearned Revenue	-	3.67	6.11	37.88	30.55
Other Current Liabilities	-	50.95	14.78	816.38	473.3
Total Current Liabilities	-	2,814	4,556	5,709	3,422
Long-Term Debt	-	523.76	1,127	1,236	579.57
Long-Term Unearned Revenue	-	46.49	51.94	27.59	22.27
Long-Term Deferred Tax Liabilities	-	7.85	9.06	10.3	1.26
Total Liabilities	-	3,392	5,744	6,983	4,025
Common Stock	-	508.74	442.93	442.93	442.93
Additional Paid-In Capital	-	3,151	2,127	2,127	2,127
Retained Earnings	-	758.37	1,312	1,519	357.05
Comprehensive Income & Other	-	-	-	0.01	0.01
Total Common Equity	4,086	4,418	3,882	4,089	2,927
Shareholders' Equity	4,086	4,418	3,882	4,089	2,927
Total Liabilities & Equity	-	7,810	9,626	11,072	6,952
Total Debt	1,984	2,123	2,187	2,223	1,942
Net Cash (Debt)	-126.45	109.04	652.95	-323.7	-471.49
Net Cash Growth	-	-83.30%	-	-	-
Net Cash Per Share	-0.25	0.22	1.46	-0.73	-1.28
Filing Date Shares Outstanding	498.44	508.74	508.78	442.93	442.93
Total Common Shares Outstanding	508.74	508.74	442.93	442.93	442.93
Working Capital	-	1,777	1,905	2,486	1,472
Book Value Per Share	8.03	8.69	8.76	9.23	6.61
Tangible Book Value	3,857	4,186	3,671	3,873	2,826
Tangible Book Value Per Share	7.58	8.23	8.29	8.74	6.38
Buildings	-	1,379	1,365	1,384	1,077
Machinery	-	1,776	1,700	1,400	1,056
Construction In Progress	-	401.84	331.39	109.08	50.81

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