Zhejiang Zhengte Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	403.43	237.19	410.09	456.42	153.49	241.89
Trading Asset Securities	65	60	2.34	4.9	10.95	5.35
Cash & Short-Term Investments	468.43	297.19	412.43	461.32	164.45	247.24
Cash Growth	34.26%	-27.94%	-10.60%	180.53%	-33.49%	52.26%
Accounts Receivable	128.32	140.45	100.09	70.31	125.18	80.07
Other Receivables	19.95	18.42	2.69	2.88	2.42	1.54
Receivables	148.27	158.87	102.78	73.18	127.6	81.61
Inventory	508.37	448.13	286.23	329.17	378.57	235.23
Other Current Assets	85	111.21	50.43	43.8	87.03	41.1
Total Current Assets	1,210	1,015	851.88	907.47	757.64	605.17
Property, Plant & Equipment	476.51	441.12	393.52	371.18	301.54	192.75
Long-Term Investments	6.23	6.17	5.93	6.66	5.68	5.54
Other Intangible Assets	79.99	81.29	72.51	69.2	63.74	65.8
Long-Term Accounts Receivable	-	-	-	-	0.12	0.13
Long-Term Deferred Tax Assets	42.8	35	23.62	18.02	12.3	7.67
Long-Term Deferred Charges	29.38	32.32	2.23	2.32	1.57	2.92
Other Long-Term Assets	7.53	12.7	3.23	14.87	29.91	26.88
Total Assets	1,853	1,624	1,353	1,390	1,173	906.86
Accounts Payable	458.35	352.68	163.42	166.1	372.93	255.75
Accrued Expenses	26.5	34.07	35.93	41.73	44.46	32.59
Short-Term Debt	90.06	70.05	-	13.95	30.04	-
Current Portion of Leases	18.47	11.26	3.74	1.38	1.78	-
Current Income Taxes Payable	7.12	0.01	0.01	0.91	3.84	0.05
Current Unearned Revenue	10.65	14.03	17.94	14.14	26.11	23.77
Other Current Liabilities	18.7	7.2	6.69	23.17	3.92	9.82
Total Current Liabilities	629.85	489.29	227.73	261.39	483.09	321.99
Long-Term Leases	66.58	46.02	8.43	7.55	1.73	-
Long-Term Unearned Revenue	20.9	22.13	18.35	19.25	14.76	8.21
Long-Term Deferred Tax Liabilities	-	-	-	0.72	2.4	0.8
Other Long-Term Liabilities	8.16	8.3	7.91	7.55	7.96	21.47
Total Liabilities	725.49	565.74	262.43	296.46	509.94	352.48
Common Stock	110.79	110	110	110	82.5	82.5
Additional Paid-In Capital	556.67	541.25	541.25	550.72	203.28	203.28
Retained Earnings	466.32	420.81	442.49	436.59	377.4	269.84
Comprehensive Income & Other	8.48	-14.16	-3.76	-1.64	-0.03	-0.59
Total Common Equity	1,127	1,058	1,090	1,096	663.14	555.03
Minority Interest	0.37	0.36	0.52	-2.4	-0.58	-0.65
Shareholders' Equity	1,127	1,058	1,091	1,093	662.57	554.38
Total Liabilities & Equity	1,853	1,624	1,353	1,390	1,173	906.86
Total Debt	175.11	127.32	12.18	22.88	33.54	-
Net Cash (Debt)	293.32	169.87	400.25	438.43	130.9	247.24
Net Cash Growth	-0.66%	-57.56%	-8.71%	234.93%	-47.05%	77.01%
Net Cash Per Share	2.69	1.58	3.55	4.89	1.58	3.00
Filing Date Shares Outstanding	112.66	110	110	110	82.5	82.5
Total Common Shares Outstanding	112.66	110	110	110	82.5	82.5
Working Capital	580.22	526.12	624.15	646.09	274.55	283.18
Book Value Per Share	10.00	9.62	9.91	9.96	8.04	6.73
Tangible Book Value	1,047	976.61	1,017	1,026	599.41	489.22
Tangible Book Value Per Share	9.29	8.88	9.25	9.33	7.27	5.93
Buildings	-	244.49	286.46	262.15	250.21	213.7
Machinery	-	425.99	335.39	268.93	195.07	160.22
Construction In Progress	-	56.59	68.68	99.7	86.92	33.12

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