Zhejiang Wanma 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	1,748	2,374	3,433	3,631	2,553	1,515
Short-Term Investments	-	30.21	36.09	51.77	-	-
Trading Asset Securities	54.36	-	-	-	3.58	-
Cash & Short-Term Investments	1,803	2,404	3,469	3,683	2,556	1,515
Cash Growth	-26.52%	-30.69%	-5.81%	44.07%	68.76%	18.98%
Accounts Receivable	8,625	7,139	5,482	4,977	4,864	3,718
Other Receivables	195.35	249.94	158.18	176.23	159.11	121.31
Receivables	8,820	7,389	5,640	5,153	5,023	3,839
Inventory	1,520	1,335	1,203	858.02	995.78	784.05
Other Current Assets	804.14	416.48	369.46	302.89	392.43	318.6
Total Current Assets	12,947	11,544	10,682	9,997	8,967	6,456
Property, Plant & Equipment	2,569	2,558	2,242	1,964	1,791	1,247
Long-Term Investments	118.7	119.52	124.96	109.77	30.32	51.17
Goodwill	147.4	147.4	147.4	150.97	196.38	196.38
Other Intangible Assets	360.42	302.3	306.67	249.4	260.62	261.94
Long-Term Accounts Receivable	-	87.15	58.68	45.08	37.88	50.52
Long-Term Deferred Tax Assets	115.83	103.86	86.61	94.04	66.83	55.39
Long-Term Deferred Charges	31.57	29.1	22.73	17.85	13.25	9.01
Other Long-Term Assets	275.32	125.25	89.71	32.47	57.26	13.89
Total Assets	16,565	15,017	13,760	12,660	11,421	8,342
Accounts Payable	7,465	6,751	5,452	4,929	4,644	2,522
Accrued Expenses	107.5	431.54	343.79	306.87	201.19	146.89
Short-Term Debt	19.67	54.63	107.81	25.59	260.58	179.19
Current Portion of Long-Term Debt	443.71	190.11	381.79	234.57	37.65	-
Current Portion of Leases	-	27.5	31.15	35.24	32.71	-
Current Income Taxes Payable	51.78	12.41	15.97	8.78	10.18	4.18
Current Unearned Revenue	186.31	130.41	142.73	140.7	113.17	91.92
Other Current Liabilities	982.98	652.78	599.04	377.47	411.19	456.71
Total Current Liabilities	9,257	8,251	7,075	6,058	5,711	3,400
Long-Term Debt	927.77	850.25	1,023	1,446	873.08	300.37
Long-Term Leases	54.2	75.22	70.96	93.02	109.88	-
Long-Term Unearned Revenue	129.9	123.31	126.98	126.49	145.44	88.77
Long-Term Deferred Tax Liabilities	48.7	33.37	41.58	52.12	26.91	25.99
Other Long-Term Liabilities	21.85	17.15	-	-	-	-
Total Liabilities	10,439	9,350	8,337	7,776	6,866	3,816
Common Stock	1,014	1,014	1,035	1,035	1,035	1,035
Additional Paid-In Capital	1,451	1,443	1,553	1,558	1,558	1,558
Retained Earnings	3,612	3,251	2,965	2,458	2,083	1,847
Treasury Stock	-33.71	-44.92	-186.46	-199.83	-199.83	-
Comprehensive Income & Other	62.57	-18.08	33.56	13.19	61.86	82.14
Total Common Equity	6,106	5,645	5,401	4,865	4,539	4,523
Minority Interest	20.31	22.78	22.61	18.75	15.93	3.46
Shareholders' Equity	6,126	5,667	5,423	4,884	4,555	4,526
Total Liabilities & Equity	16,565	15,017	13,760	12,660	11,421	8,342
Total Debt	1,445	1,198	1,614	1,834	1,314	479.57
Net Cash (Debt)	357.37	1,207	1,855	1,849	1,243	1,035
Net Cash Growth	-70.99%	-34.94%	0.32%	48.79%	20.02%	411.31%
Net Cash Per Share	0.35	1.20	1.84	1.84	1.22	1.00
Filing Date Shares Outstanding	1,006	1,014	1,014	1,005	1,005	1,018
Total Common Shares Outstanding	1,006	1,014	1,014	1,005	1,005	1,035
Working Capital	3,691	3,294	3,607	3,938	3,256	3,056
Book Value Per Share	6.07	5.57	5.33	4.84	4.52	4.37
Tangible Book Value	5,598	5,195	4,947	4,465	4,082	4,065
Tangible Book Value Per Share	5.56	5.12	4.88	4.44	4.06	3.93
Buildings	-	1,697	1,210	1,101	982.71	757.26
Machinery	-	2,026	1,852	1,571	1,463	1,391
Construction In Progress	-	169.81	356.35	342.81	282.74	80.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.