Zhe Jiang Kangsheng Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	308.99	142.21	186.01	131.21	401.25	105.71
Trading Asset Securities	-	37	-	-	-	-
Cash & Short-Term Investments	308.99	179.21	186.01	131.21	401.25	105.71
Cash Growth	63.17%	-3.66%	41.77%	-67.30%	279.57%	3.50%
Accounts Receivable	1,322	1,499	1,398	1,098	1,352	827.15
Other Receivables	45.57	27.35	47.17	25.79	34.88	114.41
Receivables	1,367	1,526	1,445	1,124	1,387	941.56
Inventory	318.18	221.35	239.61	211.28	215.69	297.16
Prepaid Expenses	-	-	-	-	0.03	1.75
Other Current Assets	173.93	122.52	58.89	25.79	28.23	58.72
Total Current Assets	2,168	2,049	1,929	1,493	2,032	1,405
Property, Plant & Equipment	953.61	762.22	694.93	640.1	630.66	657.68
Long-Term Investments	183.33	150.04	166.85	167.36	165.64	255.77
Other Intangible Assets	126.38	127.96	128.09	131.56	135.06	138.56
Long-Term Accounts Receivable	-	6.91	6.74	-	4.61	8.75
Long-Term Deferred Tax Assets	40.17	38.16	39.58	35.67	24.49	16.23
Long-Term Deferred Charges	10.42	10.66	4.19	3.1	3.44	2.27
Other Long-Term Assets	195.47	196.29	126.54	178.18	183.99	184.3
Total Assets	3,678	3,341	3,096	2,649	3,180	2,668

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	580.32	564.06	451.92	348.22	679.85	400.57
Accrued Expenses	35.6	54.37	70.28	51.5	56.6	60.45
Short-Term Debt	632.4	636.26	553.46	406.41	607.86	383.56
Current Portion of Long-Term Debt	56.71	28.91	4.57	30.04	0.03	-
Current Portion of Leases	-	28.79	19.09	17.96	9.9	8.24
Current Income Taxes Payable	8.4	3.91	6.47	1.75	1.89	0.45
Current Unearned Revenue	47.41	80.62	79.35	74.57	123.57	135.35
Other Current Liabilities	122.76	51.43	118.98	38.16	42.58	41.59
Total Current Liabilities	1,484	1,448	1,304	968.61	1,522	1,030
Long-Term Debt	344	111.82	31.48	-	26.07	-
Long-Term Leases	42.17	46.45	49.73	53.87	15.73	20.67
Long-Term Unearned Revenue	59.6	60.69	61.44	63.78	65.44	67.44
Long-Term Deferred Tax Liabilities	13.92	15.81	19.39	22.32	12.38	31.55
Other Long-Term Liabilities	26.15	25.03	26.67	22.71	46.88	18.46
Total Liabilities	1,969	1,708	1,493	1,131	1,689	1,168

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	-187.79	-196.12	-231.05	-132.74	-154.51	-190.3
Comprehensive Income & Other	18.72	19.16	25.13	28.37	23.76	68.37
Total Common Equity	1,459	1,451	1,422	1,524	1,498	1,506
Minority Interest	248.96	181.67	180.98	-6.73	-6.29	-6.3
Shareholders' Equity	1,708	1,633	1,603	1,517	1,491	1,500
Total Liabilities & Equity	3,678	3,341	3,096	2,649	3,180	2,668

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,075	852.23	658.34	508.28	659.59	412.46
Net Cash (Debt)	-766.29	-673.02	-472.32	-377.07	-258.34	-306.75
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.67	-0.59	-0.42	-0.33	-0.23	-0.25
Filing Date Shares Outstanding	1,157	1,136	1,136	1,136	1,136	1,136
Total Common Shares Outstanding	1,157	1,136	1,136	1,136	1,136	1,136
Working Capital	684.7	600.61	625.23	523.96	509.92	374.69
Book Value Per Share	1.26	1.28	1.25	1.34	1.32	1.33
Tangible Book Value	1,333	1,323	1,294	1,392	1,363	1,368
Tangible Book Value Per Share	1.15	1.16	1.14	1.23	1.20	1.20
Buildings	-	737.32	733.8	600.87	620.78	607.59
Machinery	-	509.63	449.53	442.69	439.28	525.21
Construction In Progress	-	202.34	160.87	150.95	143.6	117.09