Zhejiang Zhenyuan Share 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	426.28	434.51	549.43	458.89	453.48	413.63
Trading Asset Securities	-	-	-	-	-	220
Cash & Short-Term Investments	426.28	434.51	549.43	458.89	453.48	633.63
Cash Growth	-15.31%	-20.92%	19.73%	1.19%	-28.43%	-4.03%
Accounts Receivable	332.28	377.73	747.58	648.17	775.11	602.63
Other Receivables	5.03	5.78	7.01	9.44	13.33	15.22
Receivables	337.32	383.52	754.58	657.6	788.44	617.85
Inventory	488.66	452.06	717.23	679.42	723.79	613.63
Other Current Assets	60.27	60.64	128.45	75.51	143.97	71.81
Total Current Assets	1,313	1,331	2,150	1,871	2,110	1,937
Property, Plant & Equipment	1,168	1,117	856.77	663.86	556.67	566.72
Long-Term Investments	254.12	263.52	149.65	175.66	375.7	348.5
Other Intangible Assets	102.25	99.73	109.8	113.34	115.23	54.01
Long-Term Deferred Tax Assets	36.59	37.5	48.14	47.76	36.65	31.56
Long-Term Deferred Charges	31.06	31.25	16.97	19.14	19.3	20.49
Other Long-Term Assets	23.25	48.76	87.77	47.9	16.3	28.2
Total Assets	2,928	2,928	3,419	2,939	3,230	2,986
Accounts Payable	473.86	428.1	693	584.76	822.84	626.44
Accrued Expenses	51.57	57.65	80.48	79.77	102.31	133.57
Short-Term Debt	30.02	30.02	249.19	-	-	-
Current Portion of Long-Term Debt	-	87.79	41.94	-	-	-
Current Portion of Leases	-	-	24.51	31	28.08	34.98
Current Income Taxes Payable	-	14.14	7.42	8.15	10.3	13.45
Current Unearned Revenue	12.86	10.53	44.45	28.03	32.41	19.88
Other Current Liabilities	148.59	61.91	53.48	47.62	99.01	103.38
Total Current Liabilities	716.91	690.15	1,194	779.33	1,095	931.7
Long-Term Debt	146.79	135.7	129.41	-	-	-
Long-Term Leases	23.16	28.23	35.74	54.96	53.08	47.91
Long-Term Unearned Revenue	69.49	69.61	72.04	75.24	79.14	82.73
Long-Term Deferred Tax Liabilities	26.63	29.42	25.37	30.76	55.7	52.16
Total Liabilities	982.98	953.1	1,457	940.29	1,283	1,114
Common Stock	334.12	334.12	334.12	334.12	334.12	334.12
Additional Paid-In Capital	516.74	516.74	516.54	530.37	533.19	533.19
Retained Earnings	1,014	1,036	1,033	1,018	887.78	829.35
Comprehensive Income & Other	80.43	88.79	77.04	93.23	168.03	156.99
Total Common Equity	1,945	1,975	1,961	1,976	1,923	1,854
Minority Interest	-	-	1.16	22.85	23.53	18.24
Shareholders' Equity	1,945	1,975	1,962	1,999	1,947	1,872
Total Liabilities & Equity	2,928	2,928	3,419	2,939	3,230	2,986
Total Debt	199.97	281.74	480.79	85.96	81.16	82.89
Net Cash (Debt)	226.31	152.77	68.64	372.93	372.32	550.74
Net Cash Growth	-2.29%	122.57%	-81.59%	0.16%	-32.40%	-9.74%
Net Cash Per Share	0.70	0.47	0.20	1.10	1.10	1.64
Filing Date Shares Outstanding	333.99	294.44	334.12	334.12	334.12	334.12
Total Common Shares Outstanding	333.99	294.44	334.12	334.12	334.12	334.12
Working Capital	595.61	640.58	955.22	1,092	1,015	1,005
Book Value Per Share	5.82	6.71	5.87	5.91	5.76	5.55
Tangible Book Value	1,843	1,875	1,851	1,863	1,808	1,800
Tangible Book Value Per Share	5.52	6.37	5.54	5.57	5.41	5.39
Buildings	-	-	470.87	463.86	457.37	434.23
Machinery	-	-	598.37	578.39	562.88	536.05
Construction In Progress	-	-	397.42	150.68	13.46	22.69

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