Zhongbai Holdings Group 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	754.53	543.34	945.85	1,224	1,425	1,163
Cash & Short-Term Investments	754.53	543.34	945.85	1,224	1,425	1,163
Cash Growth	-15.38%	-42.55%	-22.71%	-14.14%	22.59%	-14.82%
Accounts Receivable	321.83	279.28	467.77	387.26	250.87	150.38
Other Receivables	136.36	134.18	129.96	111.44	72.36	40.73
Receivables	458.19	413.46	597.74	498.7	323.22	191.11
Inventory	818.72	863.35	1,517	1,552	1,857	1,747
Prepaid Expenses	-	5.34	5.35	4.63	-	-
Other Current Assets	179.28	180.75	193.73	228.57	339.68	292.3
Total Current Assets	2,211	2,006	3,259	3,508	3,946	3,393
Property, Plant & Equipment	5,469	5,561	6,300	6,741	7,301	7,701
Long-Term Investments	69.64	69.62	154.95	184.26	232.37	215.43
Goodwill	18.28	18.28	18.28	18.28	18.28	18.28
Other Intangible Assets	283.74	286.93	322.34	328.12	340.16	352.21
Long-Term Deferred Tax Assets	92.97	92.97	119.55	82.07	128.63	20.22
Long-Term Deferred Charges	356.4	369.1	486.03	596.78	678.14	707.37
Other Long-Term Assets	42.5	42.1	43.81	46.69	50.67	53.88
Total Assets	8,544	8,447	10,704	11,506	12,694	12,461
Accounts Payable	1,722	1,607	2,126	2,054	2,698	2,393
Accrued Expenses	42.95	76.26	82.74	80.25	88.74	105.96
Short-Term Debt	1,451	1,380	1,300	1,268	1,322	1,098
Current Portion of Leases	-	300.36	339.92	304.98	413.49	547.5
Current Income Taxes Payable	38.32	7.92	11.92	14.1	12.86	6.68
Current Unearned Revenue	2,137	2,095	2,260	2,278	2,143	2,043
Other Current Liabilities	674.63	657.12	622.99	680.13	667.59	542.34
Total Current Liabilities	6,359	6,124	6,743	6,679	7,346	6,737
Long-Term Leases	1,300	1,334	1,967	2,326	2,527	2,523
Long-Term Unearned Revenue	26.29	26.74	37.04	2.49	3.94	5.39
Long-Term Deferred Tax Liabilities	103.17	103.17	127.89	87.45	124.77	55.29
Total Liabilities	7,788	7,588	8,875	9,095	10,001	9,320
Common Stock	662.46	662.46	669.97	681.02	681.02	681.02
Additional Paid-In Capital	847.65	847.65	872.89	922.63	909.91	1,005
Retained Earnings	-766.84	-669.44	287.09	815.35	1,115	1,558
Treasury Stock	-19.3	-19.3	-41.83	-74.98	-74.98	-170.07
Comprehensive Income & Other	-0.18	-0.18	-0.18	-0.14	-0.14	-0.14
Total Common Equity	723.79	821.19	1,788	2,344	2,631	3,074
Minority Interest	32.24	37.07	41.28	66.41	62.55	67.43
Shareholders' Equity	756.03	858.26	1,829	2,410	2,693	3,141
Total Liabilities & Equity	8,544	8,447	10,704	11,506	12,694	12,461
Total Debt	3,043	3,015	3,607	3,899	4,262	4,168
Net Cash (Debt)	-2,288	-2,471	-2,661	-2,676	-2,837	-3,006
Net Cash Per Share	-3.51	-3.77	-3.93	-4.15	-4.32	-4.01
Filing Date Shares Outstanding	649.36	621.8	658.92	656.03	656.03	656.03
Total Common Shares Outstanding	649.36	621.8	658.92	656.03	656.03	656.03
Working Capital	-4,148	-4,118	-3,483	-3,171	-3,400	-3,344
Book Value Per Share	1.11	1.32	2.71	3.57	4.01	4.69
Tangible Book Value	421.77	515.98	1,447	1,997	2,272	2,703
Tangible Book Value Per Share	0.65	0.83	2.20	3.04	3.46	4.12
Buildings	-	4,425	4,195	4,184	4,184	4,183
Machinery	-	1,894	2,020	2,054	2,049	1,971
Construction In Progress	-	3.19	142.46	16.19	18.56	23.66