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 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	133.56	113.67	81.97	137.75	121.72	132.16
Short-Term Investments	-	-	-	384.15	345.08	351.79
Trading Asset Securities	-	-	20.31	-	-	-
Cash & Short-Term Investments	133.56	113.67	102.28	521.89	466.8	483.94
Cash Growth	51.83%	11.14%	-80.40%	11.80%	-3.54%	184.53%
Accounts Receivable	243.3	271.67	276.94	448.75	196.55	137.08
Other Receivables	1.08	7.61	16.94	37.26	6.81	21.23
Receivables	244.38	279.28	293.87	486.01	203.35	158.31
Inventory	244.19	259.7	315.19	322.22	367.68	475.34
Other Current Assets	9.15	8.93	7.28	9.2	8.42	38.69
Total Current Assets	631.28	661.58	718.62	1,339	1,046	1,156
Property, Plant & Equipment	184.84	186.77	194.2	210.94	211.74	213.19
Long-Term Investments	13.27	13.27	14.65	20.65	23.99	26.57
Other Intangible Assets	37.64	38.32	34.15	35.14	35.69	37.15
Long-Term Accounts Receivable	-	-	-	0.09	0.21	0.33
Long-Term Deferred Tax Assets	12.18	12.78	14.38	14.2	24.31	21.99
Long-Term Deferred Charges	4.34	4.66	4.5	4.24	4.27	6.32
Other Long-Term Assets	4.25	4.48	3	0.46	8.22	4.03
Total Assets	887.8	921.86	983.5	1,625	1,355	1,466
Accounts Payable	179.41	191.29	253.86	539.51	473.67	597.54
Accrued Expenses	27.83	38.18	46.46	41.31	41.48	43.89
Short-Term Debt	10.76	11.57	8.95	359.06	142.31	138.65
Current Portion of Long-Term Debt	-	0.11	-	-	-	-
Current Portion of Leases	-	-	0.17	0.2	-	-
Current Income Taxes Payable	3.01	4.35	0.13	0.42	-	-
Current Unearned Revenue	19.12	19.7	14.89	14.31	11.34	20.07
Other Current Liabilities	27.51	31.58	17.69	36.51	16.88	11.72
Total Current Liabilities	267.64	296.78	342.15	991.32	685.68	811.86
Long-Term Leases	-	0.04	-	0.12	-	-
Long-Term Unearned Revenue	2.81	3.04	3.96	3.51	4.29	0.75
Long-Term Deferred Tax Liabilities	0.09	0.11	0.16	1.25	1.18	-
Other Long-Term Liabilities	0.04	0.04	0.4	6.11	956.19	536.53
Total Liabilities	270.58	300.01	346.68	1,002	1,647	1,349
Common Stock	1,195	1,195	1,205	1,205	687.82	687.82
Additional Paid-In Capital	292.6	292.6	302.67	302.67	500.35	500.35
Retained Earnings	-877.5	-871.61	-865.51	-885.63	-1,480	-1,071
Treasury Stock	-	-	-5	-	-	-
Comprehensive Income & Other	2.24	1.48	-4.69	-4.44	-4.78	-4.95
Total Common Equity	612.81	617.95	632.88	618.01	-296.88	112.4
Minority Interest	4.4	3.9	3.94	4.72	4.21	4.34
Shareholders' Equity	617.21	621.85	636.82	622.73	-292.67	116.73
Total Liabilities & Equity	887.8	921.86	983.5	1,625	1,355	1,466
Total Debt	10.76	11.72	9.12	359.38	142.31	138.65
Net Cash (Debt)	122.8	101.95	93.16	162.52	324.49	345.3
Net Cash Growth	49.34%	9.43%	-42.68%	-49.92%	-6.03%	103.01%
Net Cash Per Share	0.10	0.09	0.08	0.13	0.27	0.29
Filing Date Shares Outstanding	1,203	1,065	1,198	1,205	1,205	1,205
Total Common Shares Outstanding	1,203	1,065	1,198	1,205	1,205	1,205
Working Capital	363.64	364.8	376.47	348	360.57	344.42
Book Value Per Share	0.51	0.58	0.53	0.51	-0.25	0.09
Tangible Book Value	575.17	579.63	598.72	582.87	-332.57	75.25
Tangible Book Value Per Share	0.48	0.54	0.50	0.48	-0.28	0.06
Land	-	-	223.13	225.08	-	-
Buildings	-	-	-	-	223.52	201.08
Machinery	-	-	376.36	382.71	368.46	362.77
Construction In Progress	-	-	2.38	1.93	2.11	13.53

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