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 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	273.31	332.91	250.57	354.06	149.37	91.68
Trading Asset Securities	45.52	21	127.2	36.95	61.61	132.07
Cash & Short-Term Investments	318.82	353.92	377.77	391.01	210.98	223.75
Cash Growth	7.39%	-6.31%	-3.38%	85.33%	-5.71%	24.20%
Accounts Receivable	1,246	1,330	1,447	1,210	1,061	986.01
Other Receivables	24.91	26.08	26.74	26.06	26.78	21.39
Receivables	1,271	1,356	1,474	1,236	1,087	1,007
Inventory	419.08	429.26	426.29	431.77	498.18	497.76
Prepaid Expenses	-	-	-	-	-	1
Other Current Assets	112.44	87.82	78.71	79.38	63.28	78.75
Total Current Assets	2,121	2,227	2,356	2,138	1,860	1,809
Property, Plant & Equipment	336.2	343	288.82	240.5	209.46	200.5
Long-Term Investments	285.74	292.5	281.85	260.38	250.84	143.97
Goodwill	49.86	49.86	49.86	49.86	49.86	49.86
Other Intangible Assets	58.18	62.21	63.91	62.25	58.16	49.52
Long-Term Deferred Tax Assets	21.42	26.29	24.17	19.48	17.38	10.5
Long-Term Deferred Charges	33.93	46.04	41.88	18.05	18.65	7.9
Other Long-Term Assets	35.27	20.33	40.94	58.21	86.12	7.49
Total Assets	2,942	3,068	3,148	2,847	2,550	2,278
Accounts Payable	550.39	598.34	581.06	405.9	389.86	313.03
Accrued Expenses	17.38	40.38	59.74	61.53	65	35.24
Short-Term Debt	222.8	233.12	408.37	321	362.06	368.49
Current Portion of Long-Term Debt	-	57.13	57.59	123.1	7.06	-
Current Income Taxes Payable	2.29	9.2	1.45	7.41	4.08	0.65
Current Unearned Revenue	157.91	114.44	117.26	139.69	160.89	174.14
Other Current Liabilities	243.8	282	331.63	301.4	345.48	348.46
Total Current Liabilities	1,195	1,335	1,557	1,360	1,334	1,240
Long-Term Debt	318.69	326.1	235.15	189.3	92	-
Long-Term Unearned Revenue	18.71	19.03	15.36	14.42	16.74	19.04
Long-Term Deferred Tax Liabilities	9.13	9.84	1.93	1.4	1.64	1.89
Total Liabilities	1,541	1,690	1,810	1,565	1,445	1,261
Common Stock	312.05	312.05	312.03	312	312	312
Additional Paid-In Capital	210.03	210.03	212.03	211.7	211.7	211.7
Retained Earnings	710.25	691.08	652.34	610.66	535.31	456.34
Comprehensive Income & Other	87.71	85.7	98.29	93.09	8.61	3.51
Total Common Equity	1,320	1,299	1,275	1,227	1,068	983.54
Minority Interest	80.4	79.06	63.5	54.4	37.95	33.91
Shareholders' Equity	1,400	1,378	1,338	1,282	1,106	1,017
Total Liabilities & Equity	2,942	3,068	3,148	2,847	2,550	2,278
Total Debt	541.49	616.35	701.1	633.4	461.12	368.49
Net Cash (Debt)	-222.67	-262.43	-323.33	-242.39	-250.14	-144.73
Net Cash Per Share	-0.71	-0.84	-1.02	-0.78	-0.80	-0.46
Filing Date Shares Outstanding	312.06	312.02	312.03	312	312	312
Total Common Shares Outstanding	312.06	312.02	312.03	312	312	312
Working Capital	926.38	892.68	799.2	778.24	525.49	568.66
Book Value Per Share	4.23	4.16	4.09	3.93	3.42	3.15
Tangible Book Value	1,212	1,187	1,161	1,115	959.6	884.17
Tangible Book Value Per Share	3.88	3.80	3.72	3.57	3.08	2.83
Buildings	-	-	232.62	207.73	186.02	178.05
Machinery	-	-	320.45	296.42	269.32	250.98
Construction In Progress	-	-	28.86	13.13	8.14	7.38

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