Zhejiang Busen Garments 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	32.88	76.01	5.29	42.73	46.29	70.56
Short-Term Investments	-	-	-	-	4.22	5.93
Cash & Short-Term Investments	32.88	76.01	5.29	42.73	50.51	76.49
Cash Growth	443.61%	1335.63%	-87.61%	-15.41%	-33.96%	57.34%
Accounts Receivable	41.45	20.92	43.17	52.12	55.31	116.48
Other Receivables	5.95	5.66	-	-	0.93	0.62
Receivables	47.4	26.58	43.17	52.12	56.24	117.1
Inventory	39.27	39.49	38.63	37.17	47.18	35.22
Other Current Assets	20.56	18.62	14.27	12.31	13.09	21.99
Total Current Assets	140.11	160.7	101.36	144.33	167.03	250.8
Property, Plant & Equipment	7.02	7.8	15.09	12.2	32	34.07
Long-Term Investments	68.74	69	69.87	77.16	76.33	76.09
Other Intangible Assets	0.81	0.91	0.36	2.17	19.97	21.07
Long-Term Deferred Tax Assets	-	-	-	0.21	0.09	0.24
Long-Term Deferred Charges	0.86	1.39	2.57	0.61	0.2	0.24
Total Assets	217.54	239.79	189.25	236.67	295.62	382.52
Accounts Payable	53.61	57.76	48.59	44.44	45.71	33.45
Accrued Expenses	5.29	8.57	11.1	7.6	7.33	18.39
Short-Term Debt	-	1.07	7.49	-	-	-
Current Portion of Long-Term Debt	1.59	1.54	-	-	-	-
Current Portion of Leases	-	-	2.18	2.38	3.39	0.98
Current Income Taxes Payable	1.45	4.47	0.14	0.27	0.21	0.05
Current Unearned Revenue	14.45	13.17	33.38	21.87	18.71	21.23
Other Current Liabilities	96.37	101.74	33.44	41.25	46.98	44.88
Total Current Liabilities	172.75	188.33	136.33	117.81	122.33	118.98
Long-Term Leases	0.15	0.86	5.65	1.51	2.3	1.24
Long-Term Deferred Tax Liabilities	-	-	-	0.32	0.37	-
Other Long-Term Liabilities	6.21	8.06	14.05	23.65	8.32	11.38
Total Liabilities	179.11	197.25	156.03	143.29	133.32	131.6
Common Stock	144.01	144.01	144.01	144.01	144.01	144.01
Additional Paid-In Capital	369.22	369.22	368.51	368.5	368.5	365.76
Retained Earnings	-444.78	-440.6	-449.28	-397.88	-330.88	-238.75
Treasury Stock	-20.76	-20.76	-20.76	-20.76	-20.76	-20.76
Comprehensive Income & Other	-7.98	-7.98	-8	-1.99	-2	-2
Total Common Equity	39.71	43.88	34.48	91.87	158.86	248.26
Minority Interest	-1.28	-1.34	-1.26	1.5	3.43	2.66
Shareholders' Equity	38.43	42.55	33.22	93.38	162.3	250.92
Total Liabilities & Equity	217.54	239.79	189.25	236.67	295.62	382.52
Total Debt	1.74	3.47	15.32	3.89	5.69	2.22
Net Cash (Debt)	31.14	72.53	-10.03	38.84	44.82	74.26
Net Cash Growth	-	-	-	-13.35%	-39.64%	54.81%
Net Cash Per Share	0.21	0.50	-0.07	0.28	0.31	0.52
Filing Date Shares Outstanding	143.84	145.75	144.01	144.01	144.01	144.01
Total Common Shares Outstanding	143.84	145.75	144.01	144.01	144.01	144.01
Working Capital	-32.65	-27.63	-34.97	26.51	44.69	131.82
Book Value Per Share	0.28	0.30	0.24	0.64	1.10	1.72
Tangible Book Value	38.9	42.98	34.12	89.7	138.89	227.19
Tangible Book Value Per Share	0.27	0.29	0.24	0.62	0.96	1.58
Buildings	-	-	4.99	4.99	32.2	32.2
Machinery	-	-	42.11	42.58	43.85	55.29
Construction In Progress	-	-	0.32	-	-	-

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