Zoneco Group 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	584.39	603.84	553.32	478.86	510.95	590.23
Trading Asset Securities	-	-	-	-	-	1.35
Cash & Short-Term Investments	584.39	603.84	553.32	478.86	510.95	591.58
Cash Growth	17.00%	9.13%	15.55%	-6.28%	-13.63%	19.67%
Accounts Receivable	143.08	155.51	252.24	256.41	261.79	250.97
Other Receivables	19.26	18.3	11.09	14.21	9.03	21.19
Receivables	162.35	173.81	263.32	270.63	270.83	272.16
Inventory	709.17	714.7	731.69	746.83	596.28	561.67
Prepaid Expenses	-	1.55	3.2	-	5.13	1.66
Other Current Assets	73.57	73.78	68.19	68.94	107.22	90.28
Total Current Assets	1,529	1,568	1,620	1,565	1,490	1,517
Property, Plant & Equipment	418.07	442.77	494.37	528.84	586.9	644.82
Long-Term Investments	143.91	143.99	143.05	141.8	146.43	144.93
Goodwill	1.93	1.93	1.93	1.93	1.93	1.93
Other Intangible Assets	65.6	69.28	96.61	140.93	187.52	213.11
Long-Term Deferred Tax Assets	1.28	1.28	1.25	9.27	8.46	1.93
Long-Term Deferred Charges	25.11	34.72	29.47	36.03	30.06	20.58
Other Long-Term Assets	8.98	7.6	8.2	10.91	18.77	11.45
Total Assets	2,194	2,269	2,395	2,435	2,470	2,556
Accounts Payable	78.98	89.5	104.78	142.74	133.16	115.79
Accrued Expenses	22.17	39.85	38.49	41.87	43.82	43.62
Short-Term Debt	1,687	1,702	1,766	1,773	1,811	1,913
Current Portion of Long-Term Debt	5.22	219.86	2.67	224.38	3.83	271.07
Current Portion of Leases	-	3.77	5.8	3.64	5.16	-
Current Income Taxes Payable	15.81	2.37	2.36	9.19	4.27	1.52
Current Unearned Revenue	16.89	22.06	19.54	10.6	22.25	22.41
Other Current Liabilities	32.3	27.26	33.95	31.13	31.2	34.01
Total Current Liabilities	1,858	2,107	1,974	2,237	2,055	2,401
Long-Term Debt	218.04	1.31	221.16	5.61	230.62	15.08
Long-Term Leases	23.24	20.73	24.41	2.64	5.29	-
Long-Term Unearned Revenue	39.26	42.4	41.38	44.77	50.93	50.77
Long-Term Deferred Tax Liabilities	-	0	0.19	8.95	9.85	10.88
Other Long-Term Liabilities	2.31	1.73	7.04	10.76	27.63	6.22
Total Liabilities	2,141	2,173	2,268	2,309	2,379	2,484
Common Stock	711.11	711.11	711.11	711.11	711.11	711.11
Additional Paid-In Capital	1,023	1,023	1,023	1,023	1,023	984.85
Retained Earnings	-1,707	-1,675	-1,653	-1,661	-1,665	-1,673
Comprehensive Income & Other	-9.01	-7.82	-3.37	-7.45	-25.34	-10.48
Total Common Equity	18.12	51.69	78.05	65.39	43.55	12.57
Minority Interest	35.33	44.59	48.64	60.29	47.71	59.4
Shareholders' Equity	53.45	96.28	126.69	125.68	91.26	71.97
Total Liabilities & Equity	2,194	2,269	2,395	2,435	2,470	2,556
Total Debt	1,933	1,948	2,020	2,009	2,056	2,199
Net Cash (Debt)	-1,349	-1,344	-1,467	-1,530	-1,545	-1,607
Net Cash Per Share	-1.90	-1.89	-2.07	-2.14	-2.17	-2.26
Filing Date Shares Outstanding	711.11	711.11	711.11	711.11	711.11	711.11
Total Common Shares Outstanding	711.11	711.11	711.11	711.11	711.11	711.11
Working Capital	-328.56	-539.09	-353.99	-671.29	-564.48	-883.83
Book Value Per Share	0.03	0.07	0.11	0.09	0.06	0.02
Tangible Book Value	-49.4	-19.52	-20.49	-77.47	-145.89	-202.46
Tangible Book Value Per Share	-0.07	-0.03	-0.03	-0.11	-0.21	-0.28
Buildings	-	721.51	752.18	753.72	761.46	-
Machinery	-	544.05	554.29	557.13	600.52	-
Construction In Progress	-	2.55	2.72	13.12	17.16	-

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