Zoje Resources Investment Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	125.72	113.67	81.97	137.75	121.72	132.16
Short-Term Investments	-	-	-	384.15	345.08	351.79
Trading Asset Securities	30.05	-	20.31	-	-	-
Cash & Short-Term Investments	155.77	113.67	102.28	521.89	466.8	483.94
Cash Growth	93.53%	11.14%	-80.40%	11.80%	-3.54%	184.53%
Accounts Receivable	237.43	271.67	276.94	448.75	196.55	137.08
Other Receivables	2.89	7.61	16.94	37.26	6.81	21.23
Receivables	240.32	279.28	293.87	486.01	203.35	158.31
Inventory	250.42	259.7	315.19	322.22	367.68	475.34
Other Current Assets	10.11	8.93	7.28	9.2	8.42	38.69
Total Current Assets	656.61	661.58	718.62	1,339	1,046	1,156
Property, Plant & Equipment	182.62	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	36.83	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	11.98	12.78	14.38	14.2	24.31	21.99
Long-Term Deferred Charges	4.07	4.66	4.5	4.24	4.27	6.32
Other Long-Term Assets	4.85	4.48	3	0.46	8.22	4.03
Total Assets	910.22	921.86	983.5	1,625	1,355	1,466

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	184.35	191.29	253.86	539.51	473.67	597.54
Accrued Expenses	31.81	46.46	46.46	41.31	41.48	43.89
Short-Term Debt	6.63	11.57	8.95	359.06	142.31	138.65
Current Portion of Leases	-	0.11	0.17	0.2	-	-
Current Income Taxes Payable	2.58	0.13	0.13	0.42	-	-
Current Unearned Revenue	19.98	19.7	14.89	14.31	11.34	20.07
Other Current Liabilities	40.51	27.52	17.69	36.51	16.88	11.72
Total Current Liabilities	285.85	296.78	342.15	991.32	685.68	811.86
Long-Term Leases	-	0.04	-	0.12	-	-
Long-Term Unearned Revenue	2.58	3.04	3.96	3.51	4.29	0.75
Long-Term Deferred Tax Liabilities	0.08	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	288.55	300.01	346.68	1,002	1,647	1,349

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	-873.1	-865.97	-865.51	-885.63	-1,480	-1,071
Treasury Stock	-	-	-5	-	-	-
Comprehensive Income & Other	2.66	-4.16	-4.69	-4.44	-4.78	-4.95
Total Common Equity	617.63	617.95	632.88	618.01	-296.88	112.4
Minority Interest	4.03	3.9	3.94	4.72	4.21	4.34
Shareholders' Equity	621.67	621.85	636.82	622.73	-292.67	116.73
Total Liabilities & Equity	910.22	921.86	983.5	1,625	1,355	1,466

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	6.63	11.72	9.12	359.38	142.31	138.65
Net Cash (Debt)	149.14	101.95	93.16	162.52	324.49	345.3
Net Cash Growth	95.87%	9.43%	-42.68%	-49.92%	-6.03%	103.01%
Net Cash Per Share	0.12	0.09	0.08	0.13	0.27	0.29
Filing Date Shares Outstanding	1,286	1,195	1,198	1,205	1,205	1,205
Total Common Shares Outstanding	1,286	1,195	1,198	1,205	1,205	1,205
Working Capital	370.76	364.8	376.47	348	360.57	344.42
Book Value Per Share	0.48	0.52	0.53	0.51	-0.25	0.09
Tangible Book Value	580.8	579.63	598.72	582.87	-332.57	75.25
Tangible Book Value Per Share	0.45	0.48	0.50	0.48	-0.28	0.06
Land	-	-	-	225.08	-	-
Buildings	-	223.55	223.13	-	223.52	201.08
Machinery	-	377.86	376.36	382.71	368.46	362.77
Construction In Progress	-	5.7	2.38	1.93	2.11	13.53