Xinzhi Group 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	1,716	1,763	1,129	937.71	726.29	553.61
Short-Term Investments	-	209.35	915.92	1,280	733.85	60.93
Trading Asset Securities	220.69	-	-	50.83	41.28	76.41
Cash & Short-Term Investments	1,937	1,972	2,045	2,269	1,501	690.95
Cash Growth	39.84%	-3.55%	-9.86%	51.11%	117.30%	-53.72%
Accounts Receivable	2,064	1,995	1,601	1,119	957.06	912.05
Other Receivables	3.22	3.08	2.07	3.11	4.44	321.29
Receivables	2,067	1,998	1,603	1,122	961.51	1,233
Inventory	1,076	1,075	936.67	920.33	710.44	440.12
Other Current Assets	1,539	401.71	448.23	417.27	262.09	263.14
Total Current Assets	6,619	5,447	5,033	4,729	3,435	2,628
Property, Plant & Equipment	3,489	3,286	2,322	1,581	999.25	762.86
Long-Term Investments	301.98	1,096	1,125	1,079	2,029	1,805
Other Intangible Assets	346.24	352.74	304.93	192.74	142.48	140.44
Long-Term Accounts Receivable	-	0.35	0.46	-	-	-
Long-Term Deferred Tax Assets	31.61	39.6	93.84	120.66	19.11	10.1
Long-Term Deferred Charges	5.65	7.86	10.51	5.11	-	-
Other Long-Term Assets	176.93	48.56	96.52	73.35	69.99	51.61
Total Assets	10,970	10,279	8,986	7,781	6,695	5,398
Accounts Payable	3,724	3,446	2,734	2,247	1,491	1,440
Accrued Expenses	73.27	84.17	86.63	68.99	50.9	53.21
Short-Term Debt	1,716	1,230	1,108	1,694	2,177	1,108
Current Portion of Long-Term Debt	255.03	51.57	116.86	15	-	-
Current Portion of Leases	-	0.22	0.21	1.27	-	-
Current Income Taxes Payable	13.68	2.52	0.61	2.89	2.37	46.84
Current Unearned Revenue	7.02	9.75	53.05	5.35	7.17	8.2
Other Current Liabilities	156.05	333.68	33.39	40.53	47.34	3
Total Current Liabilities	5,945	5,157	4,133	4,076	3,776	2,659
Long-Term Debt	1,448	1,687	1,411	522.55	-	-
Long-Term Leases	4.05	0.46	0.68	1.4	-	-
Long-Term Unearned Revenue	44.61	33.49	10.65	4.28	4.57	3.18
Long-Term Deferred Tax Liabilities	-	-	49.14	54.32	1.18	0.26
Total Liabilities	7,442	6,879	5,604	4,658	3,782	2,663
Common Stock	408.2	407.77	406.48	403.83	403.88	400.02
Additional Paid-In Capital	552.26	545.84	527.63	491.57	476.47	438.95
Retained Earnings	2,569	2,447	2,455	2,236	2,050	1,886
Treasury Stock	-	-1.23	-7.15	-14.95	-25.88	-
Total Common Equity	3,529	3,400	3,382	3,117	2,904	2,725
Minority Interest	-0.38	0.08	0.59	6.15	9.07	10.51
Shareholders' Equity	3,529	3,400	3,382	3,123	2,913	2,735
Total Liabilities & Equity	10,970	10,279	8,986	7,781	6,695	5,398
Total Debt	3,423	2,970	2,637	2,234	2,177	1,108
Net Cash (Debt)	-1,486	-997.33	-591.52	34.25	-675.68	-416.89
Net Cash Per Share	-3.52	-2.37	-1.46	0.08	-1.69	-1.04
Filing Date Shares Outstanding	408.2	407.77	406.48	403.88	403.88	400.02
Total Common Shares Outstanding	408.2	407.77	406.48	403.88	403.88	400.02
Working Capital	674.24	289.96	900.21	652.92	-340.7	-31.7
Book Value Per Share	8.65	8.34	8.32	7.72	7.19	6.81
Tangible Book Value	3,183	3,047	3,077	2,924	2,762	2,584
Tangible Book Value Per Share	7.80	7.47	7.57	7.24	6.84	6.46
Buildings	-	1,492	728.82	602.8	536.76	491.41
Machinery	-	2,168	1,578	1,396	915.85	636.46
Construction In Progress	-	509.8	717.41	160.14	22.85	22.14

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