Zoje Resources Investment 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	74.14	81.97	137.75	121.72	132.16	97.28
Short-Term Investments	4.76	-	384.15	345.08	351.79	-
Trading Asset Securities	-	20.31	-	-	-	72.8
Cash & Short-Term Investments	78.9	102.28	521.89	466.8	483.94	170.08
Cash Growth	-35.50%	-80.40%	11.80%	-3.54%	184.53%	-60.73%
Accounts Receivable	237.4	276.94	448.75	196.55	137.08	125.14
Other Receivables	2.29	16.94	37.26	6.81	21.23	7.55
Receivables	239.7	293.87	486.01	203.35	158.31	132.69
Inventory	281.15	315.19	322.22	367.68	475.34	244.01
Other Current Assets	5.66	7.28	9.2	8.42	38.69	6.16
Total Current Assets	605.41	718.62	1,339	1,046	1,156	552.95
Property, Plant & Equipment	189.28	194.2	210.94	211.74	213.19	209.98
Long-Term Investments	14.65	14.65	20.65	23.99	26.57	30.74
Other Intangible Assets	34.34	34.15	35.14	35.69	37.15	35.6
Long-Term Accounts Receivable	-	-	0.09	0.21	0.33	-
Long-Term Deferred Tax Assets	12.59	14.38	14.2	24.31	21.99	21.87
Long-Term Deferred Charges	4.46	4.5	4.24	4.27	6.32	7.26
Other Long-Term Assets	1.78	3	0.46	8.22	4.03	3.46
Total Assets	862.52	983.5	1,625	1,355	1,466	861.86
Accounts Payable	149.6	253.86	539.51	473.67	597.54	182.32
Accrued Expenses	34.82	46.46	41.31	41.48	43.89	34.86
Short-Term Debt	9.08	8.95	359.06	142.31	138.65	-
Current Portion of Leases	-	0.17	0.2	-	-	-
Current Income Taxes Payable	2.92	0.13	0.42	-	-	0.01
Current Unearned Revenue	16.83	14.89	14.31	11.34	20.07	5.46
Other Current Liabilities	21.02	17.69	36.51	16.88	11.72	7.94
Total Current Liabilities	234.27	342.15	991.32	685.68	811.86	230.59
Long-Term Leases	-	-	0.12	-	-	-
Long-Term Unearned Revenue	3.27	3.96	3.51	4.29	0.75	0.87
Long-Term Deferred Tax Liabilities	0.12	0.16	1.25	1.18	-	-
Other Long-Term Liabilities	0.04	0.4	6.11	956.19	536.53	-
Total Liabilities	237.7	346.68	1,002	1,647	1,349	231.46
Common Stock	1,195	1,205	1,205	687.82	687.82	687.82
Additional Paid-In Capital	292.6	302.67	302.67	500.35	500.35	500.35
Retained Earnings	-861.87	-865.51	-885.63	-1,480	-1,071	-553.49
Treasury Stock	-	-5	-	-	-	-
Comprehensive Income & Other	-4.08	-4.69	-4.44	-4.78	-4.95	-4.27
Total Common Equity	622.12	632.88	618.01	-296.88	112.4	630.4
Minority Interest	2.7	3.94	4.72	4.21	4.34	-
Shareholders' Equity	624.82	636.82	622.73	-292.67	116.73	630.4
Total Liabilities & Equity	862.52	983.5	1,625	1,355	1,466	861.86
Total Debt	9.08	9.12	359.38	142.31	138.65	-
Net Cash (Debt)	69.82	93.16	162.52	324.49	345.3	170.08
Net Cash Growth	-36.78%	-42.68%	-49.92%	-6.03%	103.01%	-34.98%
Net Cash Per Share	0.06	0.08	0.13	0.27	0.29	0.14
Filing Date Shares Outstanding	1,195	1,198	1,205	1,205	1,205	1,205
Total Common Shares Outstanding	1,195	1,198	1,205	1,205	1,205	1,205
Working Capital	371.14	376.47	348	360.57	344.42	322.36
Book Value Per Share	0.52	0.53	0.51	-0.25	0.09	0.52
Tangible Book Value	587.78	598.72	582.87	-332.57	75.25	594.8
Tangible Book Value Per Share	0.49	0.50	0.48	-0.28	0.06	0.49
Land	-	223.13	225.08	-	-	-
Buildings	-	-	-	223.52	201.08	201.02
Machinery	-	376.36	382.71	368.46	362.77	352.08
Construction In Progress	-	2.38	1.93	2.11	13.53	2.2

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