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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	783.77	731.79	925.72	683.26	873.83	1,153	Upgrade
Trading Asset Securities	-	-	2.29	2.47	3.97	-	Upgrade
Cash & Short-Term Investments	783.77	731.79	928.01	685.74	877.8	1,153	Upgrade
Cash Growth	5.50%	-21.14%	35.33%	-21.88%	-23.85%	61.29%	Upgrade
Accounts Receivable	1,839	1,888	2,254	2,658	2,333	2,559	Upgrade
Other Receivables	163.77	167.24	217.51	269.57	318.57	335.18	Upgrade
Receivables	2,003	2,055	2,472	2,928	2,652	2,894	Upgrade
Inventory	1,201	1,099	980.37	882.85	932.87	864.8	Upgrade
Other Current Assets	546.23	451.44	254.98	204.46	175.4	231.8	Upgrade
Total Current Assets	4,534	4,337	4,635	4,701	4,638	5,143	Upgrade
Property, Plant & Equipment	3,434	3,853	3,478	3,029	3,092	3,040	Upgrade
Long-Term Investments	405.46	691.23	689.45	670.22	670.03	731.34	Upgrade
Goodwill	256.5	256.5	256.5	256.5	256.5	1,201	Upgrade
Other Intangible Assets	466.94	515.96	564.21	473.87	471.57	500.78	Upgrade
Long-Term Accounts Receivable	231.3	275.59	295.5	220.59	307.72	272.77	Upgrade
Long-Term Deferred Tax Assets	221.21	220.88	179.64	137.26	110.11	69.16	Upgrade
Long-Term Deferred Charges	74.2	68.53	45.89	33.44	27.62	36.26	Upgrade
Other Long-Term Assets	578.11	453.48	610.48	569.53	551.95	585.94	Upgrade
Total Assets	10,203	10,672	10,755	10,091	10,125	11,581	Upgrade
Accounts Payable	2,375	1,885	2,374	2,397	2,297	2,757	Upgrade
Accrued Expenses	40.65	125.48	126.58	120.88	139.89	193.2	Upgrade
Short-Term Debt	810.41	1,388	1,325	1,386	1,756	1,532	Upgrade
Current Portion of Long-Term Debt	239.11	287.7	231.86	-	49.05	49.86	Upgrade
Current Portion of Leases	-	2.18	1.56	1.13	0.6	-	Upgrade
Current Income Taxes Payable	42.59	23.97	19.76	26.85	7.68	38.77	Upgrade
Current Unearned Revenue	56.45	65.12	36.28	14.55	14.91	14.34	Upgrade
Other Current Liabilities	20.75	81.96	30.88	16.95	50.59	43.19	Upgrade
Total Current Liabilities	3,585	3,859	4,147	3,964	4,316	4,628	Upgrade
Long-Term Debt	304.92	602.54	309.35	200.1	95.11	-	Upgrade
Long-Term Leases	2.38	37.34	36.18	2.76	0.04	-	Upgrade
Long-Term Unearned Revenue	304.48	259.55	214.02	227.94	179.76	180.22	Upgrade
Long-Term Deferred Tax Liabilities	0.02	9.62	3.02	4.45	5.17	-	Upgrade
Other Long-Term Liabilities	58.96	58.17	103.57	90.08	83.9	84.34	Upgrade
Total Liabilities	4,255	4,827	4,813	4,489	4,679	4,893	Upgrade
Common Stock	1,313	1,313	1,313	1,313	1,340	1,340	Upgrade
Additional Paid-In Capital	2,841	2,841	2,841	-	3,121	3,036	Upgrade
Retained Earnings	1,796	1,586	1,740	1,439	1,139	2,480	Upgrade
Treasury Stock	-	-	-	-	-205.14	-205.14	Upgrade
Comprehensive Income & Other	-	-	-	2,841	-	-	Upgrade
Total Common Equity	5,949	5,740	5,894	5,593	5,395	6,651	Upgrade
Minority Interest	-2.18	105.42	48.14	8.78	50.46	37.58	Upgrade
Shareholders' Equity	5,947	5,845	5,942	5,601	5,446	6,688	Upgrade
Total Liabilities & Equity	10,203	10,672	10,755	10,091	10,125	11,581	Upgrade
Total Debt	1,357	2,317	1,904	1,590	1,901	1,582	Upgrade
Net Cash (Debt)	-573.05	-1,585	-976.42	-904.73	-1,023	-429.17	Upgrade
Net Cash Per Share	-0.42	-1.19	-0.75	-0.69	-0.78	-0.33	Upgrade
Filing Date Shares Outstanding	1,313	1,313	1,313	1,313	1,313	1,313	Upgrade
Total Common Shares Outstanding	1,313	1,313	1,313	1,313	1,313	1,313	Upgrade
Working Capital	949.82	477.84	488.25	736.64	322.14	515.35	Upgrade
Book Value Per Share	4.53	4.37	4.49	4.26	4.11	5.07	Upgrade
Tangible Book Value	5,226	4,967	5,073	4,862	4,667	4,949	Upgrade
Tangible Book Value Per Share	3.98	3.78	3.86	3.70	3.56	3.77	Upgrade
Buildings	-	1,015	722.79	682.42	619.05	525.02	Upgrade
Machinery	-	5,305	4,451	4,222	3,957	3,655	Upgrade
Construction In Progress	-	387.47	741.75	349.77	419.13	395.59	Upgrade

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