Zhejiang Wanliyang 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	783.77	731.79	925.72	683.26	873.83	1,153
Trading Asset Securities	-	-	2.29	2.47	3.97	-
Cash & Short-Term Investments	783.77	731.79	928.01	685.74	877.8	1,153
Cash Growth	5.50%	-21.14%	35.33%	-21.88%	-23.85%	61.29%
Accounts Receivable	1,839	1,888	2,254	2,658	2,333	2,559
Other Receivables	163.77	167.24	217.51	269.57	318.57	335.18
Receivables	2,003	2,055	2,472	2,928	2,652	2,894
Inventory	1,201	1,099	980.37	882.85	932.87	864.8
Other Current Assets	546.23	451.44	254.98	204.46	175.4	231.8
Total Current Assets	4,534	4,337	4,635	4,701	4,638	5,143
Property, Plant & Equipment	3,434	3,853	3,478	3,029	3,092	3,040
Long-Term Investments	405.46	691.23	689.45	670.22	670.03	731.34
Goodwill	256.5	256.5	256.5	256.5	256.5	1,201
Other Intangible Assets	466.94	515.96	564.21	473.87	471.57	500.78
Long-Term Accounts Receivable	231.3	275.59	295.5	220.59	307.72	272.77
Long-Term Deferred Tax Assets	221.21	220.88	179.64	137.26	110.11	69.16
Long-Term Deferred Charges	74.2	68.53	45.89	33.44	27.62	36.26
Other Long-Term Assets	578.11	453.48	610.48	569.53	551.95	585.94
Total Assets	10,203	10,672	10,755	10,091	10,125	11,581
Accounts Payable	2,375	1,885	2,374	2,397	2,297	2,757
Accrued Expenses	40.65	125.48	126.58	120.88	139.89	193.2
Short-Term Debt	810.41	1,388	1,325	1,386	1,756	1,532
Current Portion of Long-Term Debt	239.11	287.7	231.86	-	49.05	49.86
Current Portion of Leases	-	2.18	1.56	1.13	0.6	-
Current Income Taxes Payable	42.59	23.97	19.76	26.85	7.68	38.77
Current Unearned Revenue	56.45	65.12	36.28	14.55	14.91	14.34
Other Current Liabilities	20.75	81.96	30.88	16.95	50.59	43.19
Total Current Liabilities	3,585	3,859	4,147	3,964	4,316	4,628
Long-Term Debt	304.92	602.54	309.35	200.1	95.11	-
Long-Term Leases	2.38	37.34	36.18	2.76	0.04	-
Long-Term Unearned Revenue	304.48	259.55	214.02	227.94	179.76	180.22
Long-Term Deferred Tax Liabilities	0.02	9.62	3.02	4.45	5.17	-
Other Long-Term Liabilities	58.96	58.17	103.57	90.08	83.9	84.34
Total Liabilities	4,255	4,827	4,813	4,489	4,679	4,893
Common Stock	1,313	1,313	1,313	1,313	1,340	1,340
Additional Paid-In Capital	2,841	2,841	2,841	-	3,121	3,036
Retained Earnings	1,796	1,586	1,740	1,439	1,139	2,480
Treasury Stock	-	-	-	-	-205.14	-205.14
Comprehensive Income & Other	-	-	-	2,841	-	-
Total Common Equity	5,949	5,740	5,894	5,593	5,395	6,651
Minority Interest	-2.18	105.42	48.14	8.78	50.46	37.58
Shareholders' Equity	5,947	5,845	5,942	5,601	5,446	6,688
Total Liabilities & Equity	10,203	10,672	10,755	10,091	10,125	11,581
Total Debt	1,357	2,317	1,904	1,590	1,901	1,582
Net Cash (Debt)	-573.05	-1,585	-976.42	-904.73	-1,023	-429.17
Net Cash Per Share	-0.42	-1.19	-0.75	-0.69	-0.78	-0.33
Filing Date Shares Outstanding	1,313	1,313	1,313	1,313	1,313	1,313
Total Common Shares Outstanding	1,313	1,313	1,313	1,313	1,313	1,313
Working Capital	949.82	477.84	488.25	736.64	322.14	515.35
Book Value Per Share	4.53	4.37	4.49	4.26	4.11	5.07
Tangible Book Value	5,226	4,967	5,073	4,862	4,667	4,949
Tangible Book Value Per Share	3.98	3.78	3.86	3.70	3.56	3.77
Buildings	-	1,015	722.79	682.42	619.05	525.02
Machinery	-	5,305	4,451	4,222	3,957	3,655
Construction In Progress	-	387.47	741.75	349.77	419.13	395.59

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