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

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