Zoneco Group 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	517.88	579.84	603.84	553.32	478.86	510.95
Cash & Short-Term Investments	517.88	579.84	603.84	553.32	478.86	510.95
Cash Growth	-11.32%	-3.97%	9.13%	15.55%	-6.28%	-13.63%
Accounts Receivable	134.94	148.02	155.51	252.24	256.41	261.79
Other Receivables	4.26	17.83	18.3	11.09	14.21	9.03
Receivables	139.2	165.86	173.81	263.32	270.63	270.83
Inventory	791.47	728.04	714.7	731.69	746.83	596.28
Prepaid Expenses	-	-	1.55	3.2	-	5.13
Other Current Assets	72.08	89.69	73.78	68.19	68.94	107.22
Total Current Assets	1,521	1,563	1,568	1,620	1,565	1,490
Property, Plant & Equipment	393.22	404.11	442.77	494.37	528.84	586.9
Long-Term Investments	147.61	146.73	143.99	143.05	141.8	146.43
Goodwill	1.93	1.93	1.93	1.93	1.93	1.93
Other Intangible Assets	62.01	63.27	69.28	96.61	140.93	187.52
Long-Term Deferred Tax Assets	0.18	0.3	1.28	1.25	9.27	8.46
Long-Term Deferred Charges	30.32	23.79	34.72	29.47	36.03	30.06
Other Long-Term Assets	5.19	1.67	7.6	8.2	10.91	18.77
Total Assets	2,161	2,205	2,269	2,395	2,435	2,470
Accounts Payable	64.19	92.11	89.5	104.78	142.74	133.16
Accrued Expenses	16.61	26.51	39.85	38.49	41.87	43.82
Short-Term Debt	1,181	1,181	1,702	1,766	1,773	1,811
Current Portion of Long-Term Debt	5.89	6.07	219.86	2.67	224.38	3.83
Current Portion of Leases	-	-	3.77	5.8	3.64	5.16
Current Income Taxes Payable	7.15	13.08	2.37	2.36	9.19	4.27
Current Unearned Revenue	19.22	13.5	22.06	19.54	10.6	22.25
Other Current Liabilities	34.68	28.78	27.26	33.95	31.13	31.2
Total Current Liabilities	1,329	1,362	2,107	1,974	2,237	2,055
Long-Term Debt	712.87	713.04	1.31	221.16	5.61	230.62
Long-Term Leases	20.78	20.54	20.73	24.41	2.64	5.29
Long-Term Unearned Revenue	37.14	38.57	42.4	41.38	44.77	50.93
Long-Term Deferred Tax Liabilities	-	-	0	0.19	8.95	9.85
Other Long-Term Liabilities	1.55	1.55	1.73	7.04	10.76	27.63
Total Liabilities	2,101	2,135	2,173	2,268	2,309	2,379
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	1,023
Retained Earnings	-1,683	-1,685	-1,675	-1,653	-1,661	-1,665
Comprehensive Income & Other	-23.86	-11.58	-7.82	-3.37	-7.45	-25.34
Total Common Equity	27.45	37.17	51.69	78.05	65.39	43.55
Minority Interest	32.14	32.81	44.59	48.64	60.29	47.71
Shareholders' Equity	59.6	69.99	96.28	126.69	125.68	91.26
Total Liabilities & Equity	2,161	2,205	2,269	2,395	2,435	2,470
Total Debt	1,921	1,921	1,948	2,020	2,009	2,056
Net Cash (Debt)	-1,403	-1,341	-1,344	-1,467	-1,530	-1,545
Net Cash Per Share	-1.97	-1.88	-1.89	-2.07	-2.14	-2.17
Filing Date Shares Outstanding	710.69	714.87	711.11	711.11	711.11	711.11
Total Common Shares Outstanding	710.69	714.87	711.11	711.11	711.11	711.11
Working Capital	191.48	201.89	-539.09	-353.99	-671.29	-564.48
Book Value Per Share	0.04	0.05	0.07	0.11	0.09	0.06
Tangible Book Value	-36.48	-28.03	-19.52	-20.49	-77.47	-145.89
Tangible Book Value Per Share	-0.05	-0.04	-0.03	-0.03	-0.11	-0.21
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.