Cangzhou Mingzhu Plastic 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	Dec '21 Dec 31, 2021
Cash & Equivalents	531.5	514.67	687.91	801	1,399	514.08
Cash & Short-Term Investments	531.5	514.67	687.91	801	1,399	514.08
Cash Growth	-34.09%	-25.18%	-14.12%	-42.73%	172.06%	123.73%
Accounts Receivable	1,088	1,054	1,064	1,062	1,181	1,115
Other Receivables	24.33	24.61	27.51	24.82	27.77	18.55
Receivables	1,112	1,079	1,092	1,087	1,209	1,133
Inventory	411.58	359.52	349.4	331.77	447.65	480.54
Prepaid Expenses	-	-	-	-	-	0.44
Other Current Assets	296.21	195.41	197.46	186.86	77.73	124.65
Total Current Assets	2,352	2,149	2,327	2,407	3,133	2,253
Property, Plant & Equipment	4,293	4,281	3,307	2,778	2,006	1,453
Long-Term Investments	1,231	1,225	1,294	1,162	1,090	1,133
Other Intangible Assets	339.76	341.85	349.47	360.01	288.22	254.17
Long-Term Deferred Tax Assets	35.34	39.58	49.74	64.76	38.38	38.77
Long-Term Deferred Charges	-	-	3.46	4.31	5.16	16.06
Other Long-Term Assets	117.25	150.15	236.67	333.05	451.4	365.35
Total Assets	8,368	8,187	7,567	7,109	7,012	5,513
Accounts Payable	397.67	444.71	499.73	372.9	395.9	411.9
Accrued Expenses	25.24	44.89	73.73	72.71	94.38	95.1
Short-Term Debt	863.76	756.9	460.34	386.72	448.29	815.38
Current Portion of Long-Term Debt	537.29	476.94	206.86	32.96	0.79	10.01
Current Portion of Leases	-	-	-	-	0.61	5.26
Current Income Taxes Payable	12.36	15.02	6.32	51.04	17.35	12.95
Current Unearned Revenue	28.14	14.04	18.31	12.2	22.54	36.68
Other Current Liabilities	33.44	32.69	89.7	157.29	20.22	17.68
Total Current Liabilities	1,898	1,785	1,355	1,086	1,000	1,405
Long-Term Debt	1,174	1,119	814.18	655.88	542.84	70.08
Long-Term Leases	0.2	0.2	-	-	-	15.62
Long-Term Unearned Revenue	204.75	208.41	184.33	174.7	172.48	147.78
Long-Term Deferred Tax Liabilities	51.46	54.37	63.04	70.13	68.65	54.22
Total Liabilities	3,328	3,167	2,417	1,987	1,784	1,693
Common Stock	1,649	1,649	1,665	1,673	1,673	1,418
Additional Paid-In Capital	1,015	1,015	1,038	1,095	1,150	183.91
Retained Earnings	2,435	2,391	2,400	2,412	2,307	2,097
Treasury Stock	-	-	-39.76	-56.26	-	-
Comprehensive Income & Other	-59.47	-34.99	85.83	-1.33	-7.15	-1.94
Total Common Equity	5,040	5,020	5,150	5,123	5,123	3,697
Minority Interest	-	-	-	-	105.7	123.83
Shareholders' Equity	5,040	5,020	5,150	5,123	5,228	3,820
Total Liabilities & Equity	8,368	8,187	7,567	7,109	7,012	5,513
Total Debt	2,575	2,353	1,481	1,076	992.53	916.36
Net Cash (Debt)	-2,044	-1,838	-793.46	-274.55	406.07	-402.28
Net Cash Per Share	-1.23	-1.11	-0.48	-0.16	0.27	-0.29
Filing Date Shares Outstanding	1,650	1,697	1,665	1,649	1,673	1,418
Total Common Shares Outstanding	1,650	1,697	1,665	1,649	1,673	1,418
Working Capital	453.6	363.41	971.59	1,321	2,133	848.01
Book Value Per Share	3.05	2.96	3.09	3.11	3.06	2.61
Tangible Book Value	4,700	4,678	4,801	4,763	4,834	3,442
Tangible Book Value Per Share	2.85	2.76	2.88	2.89	2.89	2.43
Buildings	-	-	953.58	941.37	704.43	696.42
Machinery	-	-	2,900	2,248	1,898	1,856
Construction In Progress	-	-	1,103	1,063	745.44	50.01

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