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 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	171.4	142.21	186.01	131.21	401.25	105.71
Trading Asset Securities	-	37	-	-	-	-
Cash & Short-Term Investments	171.4	179.21	186.01	131.21	401.25	105.71
Cash Growth	69.24%	-3.66%	41.77%	-67.30%	279.57%	3.50%
Accounts Receivable	1,426	1,499	1,398	1,098	1,352	827.15
Other Receivables	22.97	27.35	47.17	25.79	34.88	114.41
Receivables	1,449	1,526	1,445	1,124	1,387	941.56
Inventory	343.74	221.35	239.61	211.28	215.69	297.16
Prepaid Expenses	-	-	-	-	0.03	1.75
Other Current Assets	172.9	122.52	58.89	25.79	28.23	58.72
Total Current Assets	2,137	2,049	1,929	1,493	2,032	1,405
Property, Plant & Equipment	781.07	762.22	694.93	640.1	630.66	657.68
Long-Term Investments	150.32	150.04	166.85	167.36	165.64	255.77
Other Intangible Assets	127.36	127.96	128.09	131.56	135.06	138.56
Long-Term Accounts Receivable	6.91	6.91	6.74	-	4.61	8.75
Long-Term Deferred Tax Assets	38.13	38.16	39.58	35.67	24.49	16.23
Long-Term Deferred Charges	10.13	10.66	4.19	3.1	3.44	2.27
Other Long-Term Assets	214.17	196.29	126.54	178.18	183.99	184.3
Total Assets	3,465	3,341	3,096	2,649	3,180	2,668
Accounts Payable	527.81	564.06	451.92	348.22	679.85	400.57
Accrued Expenses	35.76	54.37	70.28	51.5	56.6	60.45
Short-Term Debt	687.76	636.26	553.46	406.41	607.86	383.56
Current Portion of Long-Term Debt	55.09	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	9.61	3.91	6.47	1.75	1.89	0.45
Current Unearned Revenue	67.15	80.62	79.35	74.57	123.57	135.35
Other Current Liabilities	125.35	51.43	118.98	38.16	42.58	41.59
Total Current Liabilities	1,509	1,448	1,304	968.61	1,522	1,030
Long-Term Debt	106.82	111.82	31.48	-	26.07	-
Long-Term Leases	46.86	46.45	49.73	53.87	15.73	20.67
Long-Term Unearned Revenue	60.23	60.69	61.44	63.78	65.44	67.44
Long-Term Deferred Tax Liabilities	15.02	15.81	19.39	22.32	12.38	31.55
Other Long-Term Liabilities	24.07	25.03	26.67	22.71	46.88	18.46
Total Liabilities	1,762	1,708	1,493	1,131	1,689	1,168
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	-191.28	-196.12	-231.05	-132.74	-154.51	-190.3
Comprehensive Income & Other	19.08	19.16	25.13	28.37	23.76	68.37
Total Common Equity	1,456	1,451	1,422	1,524	1,498	1,506
Minority Interest	247.44	181.67	180.98	-6.73	-6.29	-6.3
Shareholders' Equity	1,704	1,633	1,603	1,517	1,491	1,500
Total Liabilities & Equity	3,465	3,341	3,096	2,649	3,180	2,668
Total Debt	896.53	852.23	658.34	508.28	659.59	412.46
Net Cash (Debt)	-725.13	-673.02	-472.32	-377.07	-258.34	-306.75
Net Cash Per Share	-0.64	-0.59	-0.42	-0.33	-0.23	-0.25
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	628.51	600.61	625.23	523.96	509.92	374.69
Book Value Per Share	1.28	1.28	1.25	1.34	1.32	1.33
Tangible Book Value	1,329	1,323	1,294	1,392	1,363	1,368
Tangible Book Value Per Share	1.17	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