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	Sep '26 Sep 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	96.59	113.67	81.97	137.75	121.72	132.16
Short-Term Investments	-	-	-	384.15	345.08	351.79
Trading Asset Securities	30.03	-	20.31	-	-	-
Cash & Short-Term Investments	126.62	113.67	102.28	521.89	466.8	483.94
Cash Growth	70.77%	11.14%	-80.40%	11.80%	-3.54%	184.53%
Accounts Receivable	207.68	271.67	276.94	448.75	196.55	137.08
Other Receivables	0.97	7.61	16.94	37.26	6.81	21.23
Receivables	208.65	279.28	293.87	486.01	203.35	158.31
Inventory	264.63	259.7	315.19	322.22	367.68	475.34
Other Current Assets	7.14	8.93	7.28	9.2	8.42	38.69
Total Current Assets	607.04	661.58	718.62	1,339	1,046	1,156
Property, Plant & Equipment	179.82	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	36.11	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	11.66	12.78	14.38	14.2	24.31	21.99
Long-Term Deferred Charges	3.82	4.66	4.5	4.24	4.27	6.32
Other Long-Term Assets	8.04	4.48	3	0.46	8.22	4.03
Total Assets	859.76	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	Sep '26 Sep 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	143.94	191.29	253.86	539.51	473.67	597.54
Accrued Expenses	34.89	46.46	46.46	41.31	41.48	43.89
Short-Term Debt	2.49	11.57	8.95	359.06	142.31	138.65
Current Portion of Leases	-	0.11	0.17	0.2	-	-
Current Income Taxes Payable	3.23	0.13	0.13	0.42	-	-
Current Unearned Revenue	15.66	19.7	14.89	14.31	11.34	20.07
Other Current Liabilities	40.08	27.52	17.69	36.51	16.88	11.72
Total Current Liabilities	240.28	296.78	342.15	991.32	685.68	811.86
Long-Term Leases	-	0.04	-	0.12	-	-
Long-Term Unearned Revenue	2.35	3.04	3.96	3.51	4.29	0.75
Long-Term Deferred Tax Liabilities	0.07	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	242.74	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	Sep '26 Sep 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	-878.68	-865.97	-865.51	-885.63	-1,480	-1,071
Treasury Stock	-	-	-5	-	-	-
Comprehensive Income & Other	3.31	-4.16	-4.69	-4.44	-4.78	-4.95
Total Common Equity	612.71	617.95	632.88	618.01	-296.88	112.4
Minority Interest	4.31	3.9	3.94	4.72	4.21	4.34
Shareholders' Equity	617.02	621.85	636.82	622.73	-292.67	116.73
Total Liabilities & Equity	859.76	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	Sep '26 Sep 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	2.49	11.72	9.12	359.38	142.31	138.65
Net Cash (Debt)	124.13	101.95	93.16	162.52	324.49	345.3
Net Cash Growth	90.78%	9.43%	-42.68%	-49.92%	-6.03%	103.01%
Net Cash Per Share	0.11	0.09	0.08	0.13	0.27	0.29
Filing Date Shares Outstanding	1,107	1,195	1,198	1,205	1,205	1,205
Total Common Shares Outstanding	1,107	1,195	1,198	1,205	1,205	1,205
Working Capital	366.75	364.8	376.47	348	360.57	344.42
Book Value Per Share	0.55	0.52	0.53	0.51	-0.25	0.09
Tangible Book Value	576.6	579.63	598.72	582.87	-332.57	75.25
Tangible Book Value Per Share	0.52	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