Guizhou Zhenhua E-chem 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	1,386	1,848	2,232	2,840	1,899	1,471
Trading Asset Securities	400	200	-	-	-	-
Cash & Short-Term Investments	1,786	2,048	2,232	2,840	1,899	1,471
Cash Growth	-31.28%	-8.25%	-21.40%	49.54%	29.11%	394.48%
Accounts Receivable	769.52	647.58	1,219	1,904	4,393	1,738
Other Receivables	2.13	1.95	6.05	5.53	4.06	85.96
Receivables	771.65	649.53	1,225	1,910	4,397	1,824
Inventory	898.5	707.95	985.55	1,538	1,825	1,520
Other Current Assets	152.87	137.31	147.62	173.91	73.58	79.04
Total Current Assets	3,609	3,543	4,590	6,461	8,195	4,894
Property, Plant & Equipment	2,512	2,578	2,782	2,832	2,468	1,818
Long-Term Investments	50.41	50.27	54.98	61.36	56.4	35.12
Other Intangible Assets	225.81	227.7	232.2	210.89	216.05	101.2
Long-Term Deferred Tax Assets	157.36	157.3	135.03	33.07	24.9	27.88
Long-Term Deferred Charges	8.25	8.92	12.36	4.39	0.72	1.84
Other Long-Term Assets	3.09	2.33	3.64	22.85	111.41	74.48
Total Assets	6,566	6,567	7,810	9,626	11,072	6,952
Accounts Payable	729.74	589.64	1,137	3,442	3,780	1,509
Accrued Expenses	14.29	23.28	23.08	32.68	45.76	34.01
Short-Term Debt	560.29	525.37	799.62	799.47	719.63	520.8
Current Portion of Long-Term Debt	262.75	342.52	799.75	261.03	266.89	842.11
Current Income Taxes Payable	4.32	2.98	0.06	0.31	42.33	12.15
Current Unearned Revenue	9.16	2.2	3.67	6.11	37.88	30.55
Other Current Liabilities	4.5	4.27	50.95	14.78	816.38	473.3
Total Current Liabilities	1,585	1,490	2,814	4,556	5,709	3,422
Long-Term Debt	1,042	1,042	523.76	1,127	1,236	579.57
Long-Term Unearned Revenue	40.72	41.5	46.49	51.94	27.59	22.27
Long-Term Deferred Tax Liabilities	6.45	6.74	7.85	9.06	10.3	1.26
Total Liabilities	2,674	2,580	3,392	5,744	6,983	4,025
Common Stock	508.74	508.74	508.74	442.93	442.93	442.93
Additional Paid-In Capital	3,151	3,151	3,151	2,127	2,127	2,127
Retained Earnings	230.37	325.98	758.37	1,312	1,519	357.05
Comprehensive Income & Other	1.47	0.94	-	-	0.01	0.01
Total Common Equity	3,892	3,987	4,418	3,882	4,089	2,927
Shareholders' Equity	3,892	3,987	4,418	3,882	4,089	2,927
Total Liabilities & Equity	6,566	6,567	7,810	9,626	11,072	6,952
Total Debt	1,865	1,910	2,123	2,187	2,223	1,942
Net Cash (Debt)	-78.82	138.28	109.04	652.95	-323.7	-471.49
Net Cash Growth	-	26.81%	-83.30%	-	-	-
Net Cash Per Share	-0.16	0.27	0.22	1.46	-0.73	-1.28
Filing Date Shares Outstanding	503.22	508.74	508.74	508.78	442.93	442.93
Total Common Shares Outstanding	503.22	508.74	508.74	442.93	442.93	442.93
Working Capital	2,024	2,052	1,777	1,905	2,486	1,472
Book Value Per Share	7.73	7.84	8.69	8.76	9.23	6.61
Tangible Book Value	3,666	3,759	4,186	3,671	3,873	2,826
Tangible Book Value Per Share	7.29	7.39	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.