Zhe Jiang Kangsheng 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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	175.94	186.01	131.21	401.25	105.71	102.14	Upgrade
Cash & Short-Term Investments	175.94	186.01	131.21	401.25	105.71	102.14	Upgrade
Cash Growth	3.51%	41.77%	-67.30%	279.57%	3.50%	25.46%	Upgrade
Accounts Receivable	1,268	1,398	1,098	1,352	827.15	1,696	Upgrade
Other Receivables	53.42	47.17	25.79	34.88	114.41	26.81	Upgrade
Receivables	1,321	1,445	1,124	1,387	941.56	1,723	Upgrade
Inventory	319.61	239.61	211.28	215.69	297.16	203.78	Upgrade
Prepaid Expenses	-	-	-	0.03	1.75	-	Upgrade
Other Current Assets	161.76	58.89	25.79	28.23	58.72	53.4	Upgrade
Total Current Assets	1,979	1,929	1,493	2,032	1,405	2,082	Upgrade
Property, Plant & Equipment	769.73	694.93	640.1	630.66	657.68	701.37	Upgrade
Long-Term Investments	151.59	166.85	167.36	165.64	255.77	217.33	Upgrade
Other Intangible Assets	125.46	128.09	131.56	135.06	138.56	142.07	Upgrade
Long-Term Accounts Receivable	6.74	6.74	-	4.61	8.75	21.22	Upgrade
Long-Term Deferred Tax Assets	38.01	39.58	35.67	24.49	16.23	21.65	Upgrade
Long-Term Deferred Charges	11.44	4.19	3.1	3.44	2.27	2.61	Upgrade
Other Long-Term Assets	152.8	126.54	178.18	183.99	184.3	167.79	Upgrade
Total Assets	3,234	3,096	2,649	3,180	2,668	3,356	Upgrade
Accounts Payable	569.93	451.92	348.22	679.85	400.57	586.25	Upgrade
Accrued Expenses	39.51	70.28	51.5	56.6	60.45	71.79	Upgrade
Short-Term Debt	549.59	553.46	406.41	607.86	383.56	533.98	Upgrade
Current Portion of Long-Term Debt	45.4	4.57	30.04	0.03	-	-	Upgrade
Current Portion of Leases	-	19.09	17.96	9.9	8.24	-	Upgrade
Current Income Taxes Payable	9.47	6.47	1.75	1.89	0.45	28.7	Upgrade
Current Unearned Revenue	21.8	79.35	74.57	123.57	135.35	510.88	Upgrade
Other Current Liabilities	112.07	118.98	38.16	42.58	41.59	79.66	Upgrade
Total Current Liabilities	1,348	1,304	968.61	1,522	1,030	1,811	Upgrade
Long-Term Debt	109	31.48	-	26.07	-	-	Upgrade
Long-Term Leases	53.92	49.73	53.87	15.73	20.67	-	Upgrade
Long-Term Unearned Revenue	60.03	61.44	63.78	65.44	67.44	69.44	Upgrade
Long-Term Deferred Tax Liabilities	16.75	19.39	22.32	12.38	31.55	25.99	Upgrade
Other Long-Term Liabilities	31.17	26.67	22.71	46.88	18.46	19.23	Upgrade
Total Liabilities	1,619	1,493	1,131	1,689	1,168	1,926	Upgrade
Common Stock	1,136	1,136	1,136	1,136	1,136	1,136	Upgrade
Additional Paid-In Capital	491.95	491.95	491.95	491.95	491.95	491.95	Upgrade
Retained Earnings	-207.36	-231.05	-132.74	-154.51	-190.3	-245.41	Upgrade
Comprehensive Income & Other	19.4	25.13	28.37	23.76	68.37	53.63	Upgrade
Total Common Equity	1,440	1,422	1,524	1,498	1,506	1,437	Upgrade
Minority Interest	175.26	180.98	-6.73	-6.29	-6.3	-6.05	Upgrade
Shareholders' Equity	1,616	1,603	1,517	1,491	1,500	1,431	Upgrade
Total Liabilities & Equity	3,234	3,096	2,649	3,180	2,668	3,356	Upgrade
Total Debt	757.92	658.34	508.28	659.59	412.46	533.98	Upgrade
Net Cash (Debt)	-581.98	-472.32	-377.07	-258.34	-306.75	-431.84	Upgrade
Net Cash Per Share	-0.51	-0.42	-0.33	-0.23	-0.25	-0.41	Upgrade
Filing Date Shares Outstanding	1,136	1,136	1,136	1,136	1,136	1,136	Upgrade
Total Common Shares Outstanding	1,136	1,136	1,136	1,136	1,136	1,136	Upgrade
Working Capital	630.76	625.23	523.96	509.92	374.69	271.12	Upgrade
Book Value Per Share	1.27	1.25	1.34	1.32	1.33	1.26	Upgrade
Tangible Book Value	1,315	1,294	1,392	1,363	1,368	1,294	Upgrade
Tangible Book Value Per Share	1.16	1.14	1.23	1.20	1.20	1.14	Upgrade
Buildings	-	733.8	600.87	620.78	607.59	640.79	Upgrade
Machinery	-	449.53	442.69	439.28	525.21	542.92	Upgrade
Construction In Progress	-	160.87	150.95	143.6	117.09	114.65	Upgrade

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