Zhejiang Ming Jewelry 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	809.85	879.48	1,753	1,183	993.18	981.3
Trading Asset Securities	8.7	-	0.02	9.8	-	15.6
Cash & Short-Term Investments	818.55	879.48	1,753	1,193	993.18	996.9
Cash Growth	-12.05%	-49.82%	46.90%	20.13%	-0.37%	17.63%
Accounts Receivable	425.49	354.58	353.78	290.92	332.61	296.69
Other Receivables	105.62	127.18	117.66	42.45	6.87	7.56
Receivables	531.11	481.76	471.44	333.37	339.47	304.25
Inventory	1,850	1,736	1,863	2,033	1,871	1,854
Prepaid Expenses	-	-	-	-	-	3.78
Other Current Assets	382.9	327.78	287.34	45.15	50.65	55.25
Total Current Assets	3,582	3,425	4,375	3,605	3,255	3,215
Property, Plant & Equipment	2,197	2,356	2,222	192.91	211.13	182.84
Long-Term Investments	690.19	662.84	566.89	527.94	755.41	629.98
Other Intangible Assets	415.94	434.82	147.2	46.45	47.6	48.81
Long-Term Deferred Tax Assets	69.46	68.06	23.77	26.08	14.43	23.56
Long-Term Deferred Charges	13.87	21.07	33.04	24.03	23.87	20.73
Other Long-Term Assets	59.41	59.53	14.48	2.94	3.1	3.25
Total Assets	7,028	7,028	7,382	4,425	4,310	4,124
Accounts Payable	663.12	787.87	1,761	144.7	79.69	111.75
Accrued Expenses	20.34	74.99	69.3	42.13	39.06	31.62
Short-Term Debt	1,055	602.23	1,091	235.25	112.12	63
Current Portion of Long-Term Debt	459.13	373.37	46.57	-	-	-
Current Portion of Leases	-	6.84	7.69	9.57	9.18	-
Current Income Taxes Payable	11.39	9.31	18.83	13.38	2.7	10.72
Current Unearned Revenue	15.04	20.54	29.54	12.09	24.42	6.17
Other Current Liabilities	1,085	1,046	890.9	897.71	750.43	836.96
Total Current Liabilities	3,308	2,921	3,915	1,355	1,018	1,060
Long-Term Debt	471.65	712.1	-	-	-	-
Long-Term Leases	19.61	12.61	14.59	32.38	40.77	-
Long-Term Unearned Revenue	189.36	205.69	215	-	-	-
Long-Term Deferred Tax Liabilities	21.13	19.06	103.8	84.71	145.58	94.15
Other Long-Term Liabilities	12.35	31.99	-	-	-	-
Total Liabilities	4,022	3,902	4,248	1,472	1,204	1,154
Common Stock	528	528	528	528	528	528
Additional Paid-In Capital	1,652	1,652	1,652	1,651	1,651	1,651
Retained Earnings	765.29	874.39	909.21	750.13	910.31	783.2
Comprehensive Income & Other	33.52	47.37	14.19	5.46	-0.18	0.44
Total Common Equity	2,978	3,101	3,103	2,935	3,089	2,963
Minority Interest	27.03	23.97	30.91	18.82	17.17	6.7
Shareholders' Equity	3,005	3,125	3,134	2,953	3,106	2,969
Total Liabilities & Equity	7,028	7,028	7,382	4,425	4,310	4,124
Total Debt	2,005	1,707	1,160	277.2	162.06	63
Net Cash (Debt)	-1,186	-827.68	592.62	915.93	831.12	933.9
Net Cash Growth	-	-	-35.30%	10.20%	-11.01%	12.19%
Net Cash Per Share	-2.77	-1.38	1.12	1.75	1.58	1.78
Filing Date Shares Outstanding	528	528	528	528	528	528
Total Common Shares Outstanding	528	528	528	528	528	528
Working Capital	274.1	504.33	459.97	2,250	2,237	2,154
Book Value Per Share	5.64	5.87	5.88	5.56	5.85	5.61
Tangible Book Value	2,562	2,667	2,956	2,888	3,042	2,914
Tangible Book Value Per Share	4.85	5.05	5.60	5.47	5.76	5.52
Buildings	-	460.85	480.17	173.48	173.48	173.15
Machinery	-	2,070	308.27	132.15	130.92	131.57
Construction In Progress	-	67.03	1,578	-	-	-

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