Chengzhi 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	2,060	1,786	1,791	2,407	1,393	1,816
Short-Term Investments	-	-	882.35	649.54	1,575	1,041
Trading Asset Securities	1,723	1,735	1,372	750.49	526.5	-
Cash & Short-Term Investments	3,783	3,521	4,045	3,808	3,494	2,857
Cash Growth	-2.96%	-12.97%	6.24%	8.97%	22.30%	1.23%
Accounts Receivable	1,398	1,217	1,165	1,303	1,042	970.35
Other Receivables	126.91	120.22	125.93	150.98	157.51	174.81
Receivables	1,525	1,337	1,291	1,454	1,199	1,145
Inventory	1,057	1,027	910.43	863.58	860.45	1,128
Other Current Assets	614	697.92	462.49	237.21	456.55	720.97
Total Current Assets	6,978	6,583	6,709	6,362	6,010	5,852
Property, Plant & Equipment	6,557	6,655	6,113	6,093	5,506	5,695
Long-Term Investments	3,238	3,172	2,830	2,445	2,604	2,555
Goodwill	6,694	6,694	6,728	6,742	6,755	6,757
Other Intangible Assets	969.67	986.14	1,003	563.38	637.58	516.65
Long-Term Deferred Tax Assets	916.97	862.66	751.22	708.95	501.93	376.23
Long-Term Deferred Charges	207.19	226.18	302.06	162.85	134	145.04
Other Long-Term Assets	2,588	2,617	2,643	2,666	2,557	2,550
Total Assets	28,148	27,795	27,080	25,743	24,705	24,447
Accounts Payable	1,465	1,520	1,173	1,202	800.4	923.46
Accrued Expenses	83.98	112.88	127.95	144.72	148.52	121.31
Short-Term Debt	1,485	2,179	3,324	2,990	3,255	2,096
Current Portion of Long-Term Debt	505.29	451.57	363.11	488.39	275.04	450.02
Current Portion of Leases	-	-	69.42	81.18	2.92	-
Current Income Taxes Payable	52.55	50.51	48.73	59.33	21.15	36.66
Current Unearned Revenue	86.79	105.31	119.87	136.75	165.84	116.88
Other Current Liabilities	230.21	238.31	258.44	343.04	191.41	144.2
Total Current Liabilities	3,909	4,658	5,485	5,446	4,860	3,889
Long-Term Debt	4,225	3,399	1,730	659.19	590.62	1,540
Long-Term Leases	377.3	393.5	462.66	469.48	7.16	-
Long-Term Unearned Revenue	113.79	116.31	98.26	123.58	133.42	135.45
Long-Term Deferred Tax Liabilities	549.84	550.8	571.25	581.68	436.67	420.08
Total Liabilities	9,175	9,118	8,347	7,280	6,028	5,985
Common Stock	1,215	1,215	1,215	1,215	1,215	1,253
Additional Paid-In Capital	12,565	12,565	12,570	12,573	12,780	13,086
Retained Earnings	4,098	3,865	4,043	3,874	3,871	3,823
Treasury Stock	-	-	-	-	-	-510.04
Comprehensive Income & Other	67.82	52.17	4.17	-11.52	-35.79	-0.11
Total Common Equity	17,946	17,697	17,832	17,651	17,830	17,652
Minority Interest	1,028	979.81	900.22	812.48	846.79	810.91
Shareholders' Equity	18,974	18,677	18,733	18,463	18,677	18,463
Total Liabilities & Equity	28,148	27,795	27,080	25,743	24,705	24,447
Total Debt	6,593	6,423	5,949	4,689	4,131	4,087
Net Cash (Debt)	-2,810	-2,903	-1,904	-881.15	-636.51	-1,229
Net Cash Per Share	-2.31	-2.39	-1.57	-0.73	-0.52	-1.01
Filing Date Shares Outstanding	1,215	1,214	1,215	1,215	1,215	1,215
Total Common Shares Outstanding	1,215	1,214	1,215	1,215	1,215	1,215
Working Capital	3,070	1,924	1,224	915.95	1,150	1,963
Book Value Per Share	14.77	14.58	14.67	14.52	14.67	14.53
Tangible Book Value	10,283	10,018	10,102	10,345	10,438	10,378
Tangible Book Value Per Share	8.46	8.25	8.31	8.51	8.59	8.54
Buildings	-	-	2,619	2,506	2,039	2,011
Machinery	-	-	8,206	7,553	7,587	7,344
Construction In Progress	-	-	165.13	447.28	338.74	306.03

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