Shandong Zhangqiu Blower 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	350.02	250.57	354.06	149.37	91.68	68.84
Trading Asset Securities	62.33	127.2	36.95	61.61	132.07	111.3
Cash & Short-Term Investments	412.36	377.77	391.01	210.98	223.75	180.15
Cash Growth	37.35%	-3.38%	85.33%	-5.71%	24.20%	38.17%
Accounts Receivable	1,359	1,447	1,210	1,061	986.01	522.68
Other Receivables	26.5	26.74	26.06	26.78	21.39	18.39
Receivables	1,385	1,474	1,236	1,087	1,007	541.07
Inventory	458.69	426.29	431.77	498.18	497.76	427.96
Prepaid Expenses	-	-	-	-	1	0.09
Other Current Assets	92.91	78.71	79.38	63.28	78.75	38.31
Total Current Assets	2,349	2,356	2,138	1,860	1,809	1,188
Property, Plant & Equipment	316.08	288.82	240.5	209.46	200.5	194.42
Long-Term Investments	287.73	281.85	260.38	250.84	143.97	110.17
Goodwill	49.86	49.86	49.86	49.86	49.86	49.86
Other Intangible Assets	64.42	63.91	62.25	58.16	49.52	50.29
Long-Term Deferred Tax Assets	23.15	24.17	19.48	17.38	10.5	8.04
Long-Term Deferred Charges	44.94	41.88	18.05	18.65	7.9	10.7
Other Long-Term Assets	37.68	40.94	58.21	86.12	7.49	-
Total Assets	3,173	3,148	2,847	2,550	2,278	1,611
Accounts Payable	589.6	581.06	405.9	389.86	313.03	270.48
Accrued Expenses	35.26	59.74	61.53	65	35.24	26.52
Short-Term Debt	296	408.37	321	362.06	368.49	180
Current Portion of Long-Term Debt	87	57.59	123.1	7.06	-	-
Current Income Taxes Payable	10.62	1.45	7.41	4.08	0.65	1.89
Current Unearned Revenue	147.92	117.26	139.69	160.89	174.14	160.41
Other Current Liabilities	300.02	331.63	301.4	345.48	348.46	44.39
Total Current Liabilities	1,466	1,557	1,360	1,334	1,240	683.68
Long-Term Debt	313.56	235.15	189.3	92	-	-
Long-Term Unearned Revenue	13.67	15.36	14.42	16.74	19.04	16.7
Long-Term Deferred Tax Liabilities	1.77	1.93	1.4	1.64	1.89	2.15
Total Liabilities	1,795	1,810	1,565	1,445	1,261	702.54
Common Stock	312.05	312.03	312	312	312	312
Additional Paid-In Capital	212.15	212.03	211.7	211.7	211.7	211.7
Retained Earnings	683.09	652.34	610.66	535.31	456.34	351.44
Comprehensive Income & Other	99.84	98.29	93.09	8.61	3.51	2.7
Total Common Equity	1,307	1,275	1,227	1,068	983.54	877.83
Minority Interest	70.3	63.5	54.4	37.95	33.91	30.69
Shareholders' Equity	1,377	1,338	1,282	1,106	1,017	908.52
Total Liabilities & Equity	3,173	3,148	2,847	2,550	2,278	1,611
Total Debt	696.56	701.1	633.4	461.12	368.49	180
Net Cash (Debt)	-284.2	-323.33	-242.39	-250.14	-144.73	0.15
Net Cash Growth	-	-	-	-	-	-99.63%
Net Cash Per Share	-0.89	-1.02	-0.78	-0.80	-0.46	0.00
Filing Date Shares Outstanding	312.05	312.03	312	312	312	312
Total Common Shares Outstanding	312.05	312.03	312	312	312	312
Working Capital	882.55	799.2	778.24	525.49	568.66	503.89
Book Value Per Share	4.19	4.09	3.93	3.42	3.15	2.81
Tangible Book Value	1,193	1,161	1,115	959.6	884.17	777.69
Tangible Book Value Per Share	3.82	3.72	3.57	3.08	2.83	2.49
Buildings	-	232.62	207.73	186.02	178.05	177.71
Machinery	-	320.45	296.42	269.32	250.98	235.07
Construction In Progress	-	28.86	13.13	8.14	7.38	0.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.