Zhejiang Wanma 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	1,998	2,841	2,374	3,433	3,631	2,553
Short-Term Investments	-	-	30.21	36.09	51.77	-
Trading Asset Securities	0.33	0.22	-	-	-	3.58
Cash & Short-Term Investments	1,998	2,841	2,404	3,469	3,683	2,556
Cash Growth	26.21%	18.18%	-30.69%	-5.81%	44.07%	68.76%
Accounts Receivable	8,129	7,785	7,139	5,482	4,977	4,864
Other Receivables	377.62	191.63	249.94	158.18	176.23	159.11
Receivables	8,506	7,976	7,389	5,640	5,153	5,023
Inventory	1,583	1,501	1,335	1,203	858.02	995.78
Other Current Assets	847.19	634.55	416.48	369.46	302.89	392.43
Total Current Assets	12,934	12,953	11,544	10,682	9,997	8,967
Property, Plant & Equipment	2,631	2,652	2,558	2,242	1,964	1,791
Long-Term Investments	109.68	109.88	119.52	124.96	109.77	30.32
Goodwill	58.18	58.18	147.4	147.4	150.97	196.38
Other Intangible Assets	359.59	362.8	302.3	306.67	249.4	260.62
Long-Term Accounts Receivable	-	-	87.15	58.68	45.08	37.88
Long-Term Deferred Tax Assets	115.82	114.48	103.86	86.61	94.04	66.83
Long-Term Deferred Charges	35.11	33.89	29.1	22.73	17.85	13.25
Other Long-Term Assets	202	175.59	125.25	89.71	32.47	57.26
Total Assets	16,446	16,460	15,017	13,760	12,660	11,421
Accounts Payable	7,597	7,297	6,751	5,452	4,929	4,644
Accrued Expenses	150.29	153.87	431.54	343.79	306.87	201.19
Short-Term Debt	11.76	22.66	54.63	107.81	25.59	260.58
Current Portion of Long-Term Debt	-	463.22	190.11	381.79	234.57	37.65
Current Portion of Leases	-	-	27.5	31.15	35.24	32.71
Current Income Taxes Payable	-	68.69	12.41	15.97	8.78	10.18
Current Unearned Revenue	203.19	220.71	130.41	142.73	140.7	113.17
Other Current Liabilities	1,376	1,033	652.78	599.04	377.47	411.19
Total Current Liabilities	9,338	9,259	8,251	7,075	6,058	5,711
Long-Term Debt	721.45	777.74	850.25	1,023	1,446	873.08
Long-Term Leases	47.82	54.85	75.22	70.96	93.02	109.88
Long-Term Unearned Revenue	120.65	105.66	123.31	126.98	126.49	145.44
Long-Term Deferred Tax Liabilities	42	57.01	33.37	41.58	52.12	26.91
Other Long-Term Liabilities	31.53	42.04	17.15	-	-	-
Total Liabilities	10,302	10,297	9,350	8,337	7,776	6,866
Common Stock	1,011	1,011	1,014	1,035	1,035	1,035
Additional Paid-In Capital	1,426	1,426	1,443	1,553	1,558	1,558
Retained Earnings	3,610	3,547	3,251	2,965	2,458	2,083
Treasury Stock	-18.06	-18.06	-44.92	-186.46	-199.83	-199.83
Comprehensive Income & Other	94.74	177.05	-18.08	33.56	13.19	61.86
Total Common Equity	6,125	6,144	5,645	5,401	4,865	4,539
Minority Interest	19.4	19.71	22.78	22.61	18.75	15.93
Shareholders' Equity	6,144	6,163	5,667	5,423	4,884	4,555
Total Liabilities & Equity	16,446	16,460	15,017	13,760	12,660	11,421
Total Debt	781.03	1,318	1,198	1,614	1,834	1,314
Net Cash (Debt)	1,217	1,523	1,207	1,855	1,849	1,243
Net Cash Growth	233.49%	26.22%	-34.94%	0.32%	48.79%	20.02%
Net Cash Per Share	1.21	1.51	1.20	1.84	1.84	1.22
Filing Date Shares Outstanding	1,007	1,008	1,014	1,014	1,005	1,005
Total Common Shares Outstanding	1,007	1,008	1,014	1,014	1,005	1,005
Working Capital	3,596	3,693	3,294	3,607	3,938	3,256
Book Value Per Share	6.08	6.09	5.57	5.33	4.84	4.52
Tangible Book Value	5,707	5,723	5,195	4,947	4,465	4,082
Tangible Book Value Per Share	5.67	5.68	5.12	4.88	4.44	4.06
Buildings	-	-	1,697	1,210	1,101	982.71
Machinery	-	-	2,026	1,852	1,571	1,463
Construction In Progress	-	-	169.81	356.35	342.81	282.74

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