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 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	868.15	719.24	879.48	1,753	1,183	993.18
Trading Asset Securities	-	-	-	0.02	9.8	-
Cash & Short-Term Investments	868.15	719.24	879.48	1,753	1,193	993.18
Cash Growth	-15.92%	-18.22%	-49.82%	46.90%	20.13%	-0.37%
Accounts Receivable	181.22	235.94	354.58	353.78	290.92	332.61
Other Receivables	94.5	87.2	127.18	117.66	42.45	6.87
Receivables	275.72	323.14	481.76	471.44	333.37	339.47
Inventory	2,003	1,947	1,736	1,863	2,033	1,871
Other Current Assets	365.57	352.47	327.78	287.34	45.15	50.65
Total Current Assets	3,512	3,342	3,425	4,375	3,605	3,255
Property, Plant & Equipment	1,894	1,945	2,356	2,222	192.91	211.13
Long-Term Investments	717.11	696.29	662.84	566.89	527.94	755.41
Other Intangible Assets	403.34	409.64	434.82	147.2	46.45	47.6
Long-Term Deferred Tax Assets	54.15	55.3	68.06	23.77	26.08	14.43
Long-Term Deferred Charges	7.81	10.18	21.07	33.04	24.03	23.87
Other Long-Term Assets	44.61	48.82	59.53	14.48	2.94	3.1
Total Assets	6,633	6,507	7,028	7,382	4,425	4,310
Accounts Payable	500.02	581.7	787.87	1,761	144.7	79.69
Accrued Expenses	13.29	27.02	74.99	69.3	42.13	39.06
Short-Term Debt	1,324	849.81	602.23	1,091	235.25	112.12
Current Portion of Long-Term Debt	471.38	477.36	373.37	46.57	-	-
Current Portion of Leases	-	-	6.84	7.69	9.57	9.18
Current Income Taxes Payable	13.78	21.68	9.31	18.83	13.38	2.7
Current Unearned Revenue	27.13	44.67	20.54	29.54	12.09	24.42
Other Current Liabilities	1,178	1,203	1,046	890.9	897.71	750.43
Total Current Liabilities	3,527	3,205	2,921	3,915	1,355	1,018
Long-Term Debt	166	369	712.1	-	-	-
Long-Term Leases	6.55	7.55	12.61	14.59	32.38	40.77
Long-Term Unearned Revenue	178.48	183.92	205.69	215	-	-
Long-Term Deferred Tax Liabilities	18.36	18.36	19.06	103.8	84.71	145.58
Other Long-Term Liabilities	-	-	31.99	-	-	-
Total Liabilities	3,896	3,784	3,902	4,248	1,472	1,204
Common Stock	528	528	528	528	528	528
Additional Paid-In Capital	1,651	1,651	1,652	1,652	1,651	1,651
Retained Earnings	528.19	514.88	874.39	909.21	750.13	910.31
Comprehensive Income & Other	10.18	10.71	47.37	14.19	5.46	-0.18
Total Common Equity	2,718	2,705	3,101	3,103	2,935	3,089
Minority Interest	18.81	18.34	23.97	30.91	18.82	17.17
Shareholders' Equity	2,736	2,723	3,125	3,134	2,953	3,106
Total Liabilities & Equity	6,633	6,507	7,028	7,382	4,425	4,310
Total Debt	1,967	1,704	1,707	1,160	277.2	162.06
Net Cash (Debt)	-1,099	-984.48	-827.68	592.62	915.93	831.12
Net Cash Growth	-	-	-	-35.30%	10.20%	-11.01%
Net Cash Per Share	-2.01	-1.86	-1.38	1.12	1.75	1.58
Filing Date Shares Outstanding	615.6	505.28	528	528	528	528
Total Common Shares Outstanding	615.6	505.28	528	528	528	528
Working Capital	-14.83	137.04	504.33	459.97	2,250	2,237
Book Value Per Share	4.41	5.35	5.87	5.88	5.56	5.85
Tangible Book Value	2,314	2,295	2,667	2,956	2,888	3,042
Tangible Book Value Per Share	3.76	4.54	5.05	5.60	5.47	5.76
Buildings	-	-	460.85	480.17	173.48	173.48
Machinery	-	-	2,070	308.27	132.15	130.92
Construction In Progress	-	-	67.03	1,578	-	-

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