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	Sep '26 Sep 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	282.55	142.21	186.01	131.21	401.25	105.71
Trading Asset Securities	-	37	-	-	-	-
Cash & Short-Term Investments	282.55	179.21	186.01	131.21	401.25	105.71
Cash Growth	60.59%	-3.66%	41.77%	-67.30%	279.57%	3.50%
Accounts Receivable	1,265	1,499	1,398	1,098	1,352	827.15
Other Receivables	37.1	27.35	47.17	25.79	34.88	114.41
Receivables	1,302	1,526	1,445	1,124	1,387	941.56
Inventory	367.27	221.35	239.61	211.28	215.69	297.16
Prepaid Expenses	-	-	-	-	0.03	1.75
Other Current Assets	175.13	122.52	58.89	25.79	28.23	58.72
Total Current Assets	2,127	2,049	1,929	1,493	2,032	1,405
Property, Plant & Equipment	1,218	762.22	694.93	640.1	630.66	657.68
Long-Term Investments	184.98	150.04	166.85	167.36	165.64	255.77
Other Intangible Assets	125.44	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	43.95	38.16	39.58	35.67	24.49	16.23
Long-Term Deferred Charges	10.38	10.66	4.19	3.1	3.44	2.27
Other Long-Term Assets	170.42	196.29	126.54	178.18	183.99	184.3
Total Assets	3,880	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	Sep '26 Sep 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	535	564.06	451.92	348.22	679.85	400.57
Accrued Expenses	40.08	54.37	70.28	51.5	56.6	60.45
Short-Term Debt	654.66	636.26	553.46	406.41	607.86	383.56
Current Portion of Long-Term Debt	28.18	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	16.31	3.91	6.47	1.75	1.89	0.45
Current Unearned Revenue	44.54	80.62	79.35	74.57	123.57	135.35
Other Current Liabilities	246.84	51.43	118.98	38.16	42.58	41.59
Total Current Liabilities	1,566	1,448	1,304	968.61	1,522	1,030
Long-Term Debt	478.06	111.82	31.48	-	26.07	-
Long-Term Leases	44.97	46.45	49.73	53.87	15.73	20.67
Long-Term Unearned Revenue	59.06	60.69	61.44	63.78	65.44	67.44
Long-Term Deferred Tax Liabilities	11.88	15.81	19.39	22.32	12.38	31.55
Other Long-Term Liabilities	25.48	25.03	26.67	22.71	46.88	18.46
Total Liabilities	2,185	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	Sep '26 Sep 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	-192.45	-196.12	-231.05	-132.74	-154.51	-190.3
Comprehensive Income & Other	17.79	19.16	25.13	28.37	23.76	68.37
Total Common Equity	1,454	1,451	1,422	1,524	1,498	1,506
Minority Interest	241.34	181.67	180.98	-6.73	-6.29	-6.3
Shareholders' Equity	1,695	1,633	1,603	1,517	1,491	1,500
Total Liabilities & Equity	3,880	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	Sep '26 Sep 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	1,206	852.23	658.34	508.28	659.59	412.46
Net Cash (Debt)	-923.32	-673.02	-472.32	-377.07	-258.34	-306.75
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.81	-0.59	-0.42	-0.33	-0.23	-0.25
Filing Date Shares Outstanding	1,160	1,136	1,136	1,136	1,136	1,136
Total Common Shares Outstanding	1,160	1,136	1,136	1,136	1,136	1,136
Working Capital	561.32	600.61	625.23	523.96	509.92	374.69
Book Value Per Share	1.25	1.28	1.25	1.34	1.32	1.33
Tangible Book Value	1,328	1,323	1,294	1,392	1,363	1,368
Tangible Book Value Per Share	1.14	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