Zhejiang Wanliyang Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	616.57	731.79	925.72	683.26	873.83
Trading Asset Securities	-	-	2.29	2.47	3.97
Cash & Short-Term Investments	616.57	731.79	928.01	685.74	877.8
Cash Growth	-15.75%	-21.14%	35.33%	-21.88%	-23.85%
Accounts Receivable	1,300	1,888	2,254	2,658	2,333
Other Receivables	83.12	167.24	217.51	269.57	318.57
Receivables	1,383	2,055	2,472	2,928	2,652
Inventory	1,192	1,099	980.37	882.85	932.87
Other Current Assets	753.37	451.44	254.98	204.46	175.4
Total Current Assets	3,945	4,337	4,635	4,701	4,638
Property, Plant & Equipment	3,439	3,853	3,478	3,029	3,092
Long-Term Investments	632.61	691.23	689.45	670.22	670.03
Goodwill	173.78	256.5	256.5	256.5	256.5
Other Intangible Assets	457.64	515.96	564.21	473.87	471.57
Long-Term Accounts Receivable	-	275.59	295.5	220.59	307.72
Long-Term Deferred Tax Assets	233.53	220.88	179.64	137.26	110.11
Long-Term Deferred Charges	82.47	68.53	45.89	33.44	27.62
Other Long-Term Assets	764.6	453.48	610.48	569.53	551.95
Total Assets	9,729	10,672	10,755	10,091	10,125
Accounts Payable	2,009	1,885	2,374	2,397	2,297
Accrued Expenses	81.94	125.48	126.58	120.88	139.89
Short-Term Debt	891.5	1,388	1,325	1,386	1,756
Current Portion of Long-Term Debt	196.81	287.7	231.86	-	49.05
Current Portion of Leases	-	2.18	1.56	1.13	0.6
Current Income Taxes Payable	61.53	23.97	19.76	26.85	7.68
Current Unearned Revenue	77.03	65.12	36.28	14.55	14.91
Other Current Liabilities	15.36	81.96	30.88	16.95	50.59
Total Current Liabilities	3,334	3,859	4,147	3,964	4,316
Long-Term Debt	175.58	602.54	309.35	200.1	95.11
Long-Term Leases	1.91	37.34	36.18	2.76	0.04
Long-Term Unearned Revenue	313.17	259.55	214.02	227.94	179.76
Long-Term Deferred Tax Liabilities	-	9.62	3.02	4.45	5.17
Other Long-Term Liabilities	50.29	58.17	103.57	90.08	83.9
Total Liabilities	3,875	4,827	4,813	4,489	4,679
Common Stock	1,313	1,313	1,313	1,313	1,340
Additional Paid-In Capital	2,839	2,841	2,841	-	3,121
Retained Earnings	1,699	1,586	1,740	1,439	1,139
Treasury Stock	-	-	-	-	-205.14
Comprehensive Income & Other	-	-	-	2,841	-
Total Common Equity	5,851	5,740	5,894	5,593	5,395
Minority Interest	3.19	105.42	48.14	8.78	50.46
Shareholders' Equity	5,854	5,845	5,942	5,601	5,446
Total Liabilities & Equity	9,729	10,672	10,755	10,091	10,125
Total Debt	1,266	2,317	1,904	1,590	1,901
Net Cash (Debt)	-649.23	-1,585	-976.42	-904.73	-1,023
Net Cash Per Share	-0.49	-1.19	-0.75	-0.69	-0.78
Filing Date Shares Outstanding	1,404	1,313	1,313	1,313	1,313
Total Common Shares Outstanding	1,404	1,313	1,313	1,313	1,313
Working Capital	610.84	477.84	488.25	736.64	322.14
Book Value Per Share	4.17	4.37	4.49	4.26	4.11
Tangible Book Value	5,219	4,967	5,073	4,862	4,667
Tangible Book Value Per Share	3.72	3.78	3.86	3.70	3.56
Buildings	-	1,015	722.79	682.42	619.05
Machinery	-	5,305	4,451	4,222	3,957
Construction In Progress	-	387.47	741.75	349.77	419.13

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.