Zhejiang Wanliyang 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	429.55	616.57	731.79	925.72	683.26	873.83
Trading Asset Securities	-	-	-	2.29	2.47	3.97
Cash & Short-Term Investments	429.55	616.57	731.79	928.01	685.74	877.8
Cash Growth	-40.95%	-15.75%	-21.14%	35.33%	-21.88%	-23.85%
Accounts Receivable	1,258	1,466	1,888	2,254	2,658	2,333
Other Receivables	82.64	83.12	167.24	217.51	269.57	318.57
Receivables	1,341	1,549	2,055	2,472	2,928	2,652
Inventory	1,259	1,192	1,099	980.37	882.85	932.87
Other Current Assets	754	586.74	451.44	254.98	204.46	175.4
Total Current Assets	3,784	3,945	4,337	4,635	4,701	4,638
Property, Plant & Equipment	3,430	3,439	3,853	3,478	3,029	3,092
Long-Term Investments	639.64	632.61	691.23	689.45	670.22	670.03
Goodwill	173.78	173.78	256.5	256.5	256.5	256.5
Other Intangible Assets	445.53	457.64	515.96	564.21	473.87	471.57
Long-Term Accounts Receivable	-	239.33	275.59	295.5	220.59	307.72
Long-Term Deferred Tax Assets	231.96	233.53	220.88	179.64	137.26	110.11
Long-Term Deferred Charges	81.24	82.47	68.53	45.89	33.44	27.62
Other Long-Term Assets	814.01	525.28	453.48	610.48	569.53	551.95
Total Assets	9,600	9,729	10,672	10,755	10,091	10,125
Accounts Payable	1,935	2,009	1,885	2,374	2,397	2,297
Accrued Expenses	41.21	124.09	125.48	126.58	120.88	139.89
Short-Term Debt	848.9	891.5	1,388	1,325	1,386	1,756
Current Portion of Long-Term Debt	196.33	130.79	287.7	231.86	-	49.05
Current Portion of Leases	-	1.98	2.18	1.56	1.13	0.6
Current Income Taxes Payable	32.57	18.57	23.97	19.76	26.85	7.68
Current Unearned Revenue	79.39	77.03	65.12	36.28	14.55	14.91
Other Current Liabilities	16.23	80.22	81.96	30.88	16.95	50.59
Total Current Liabilities	3,150	3,334	3,859	4,147	3,964	4,316
Long-Term Debt	177.32	175.58	602.54	309.35	200.1	95.11
Long-Term Leases	1.99	1.91	37.34	36.18	2.76	0.04
Long-Term Unearned Revenue	302.52	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	42.68	50.29	58.17	103.57	90.08	83.9
Total Liabilities	3,674	3,875	4,827	4,813	4,489	4,679
Common Stock	1,313	1,313	1,313	1,313	1,313	1,340
Additional Paid-In Capital	2,839	2,839	2,841	2,841	-	3,121
Retained Earnings	1,771	1,699	1,586	1,740	1,439	1,139
Treasury Stock	-	-	-	-	-	-205.14
Comprehensive Income & Other	-	-	-	-	2,841	-
Total Common Equity	5,923	5,851	5,740	5,894	5,593	5,395
Minority Interest	2.7	3.19	105.42	48.14	8.78	50.46
Shareholders' Equity	5,925	5,854	5,845	5,942	5,601	5,446
Total Liabilities & Equity	9,600	9,729	10,672	10,755	10,091	10,125
Total Debt	1,225	1,202	2,317	1,904	1,590	1,901
Net Cash (Debt)	-794.99	-585.19	-1,585	-976.42	-904.73	-1,023
Net Cash Per Share	-0.59	-0.44	-1.19	-0.75	-0.69	-0.78
Filing Date Shares Outstanding	1,438	1,313	1,313	1,313	1,313	1,313
Total Common Shares Outstanding	1,438	1,313	1,313	1,313	1,313	1,313
Working Capital	633.75	610.84	477.84	488.25	736.64	322.14
Book Value Per Share	4.12	4.46	4.37	4.49	4.26	4.11
Tangible Book Value	5,303	5,219	4,967	5,073	4,862	4,667
Tangible Book Value Per Share	3.69	3.98	3.78	3.86	3.70	3.56
Buildings	-	1,060	1,015	722.79	682.42	619.05
Machinery	-	5,025	5,305	4,451	4,222	3,957
Construction In Progress	-	533.2	387.47	741.75	349.77	419.13

Source: S&P Global Market Intelligence. Standard template. Financial Sources.