Xinzhi Group 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	1,666	1,471	1,763	1,129	937.71	726.29
Short-Term Investments	-	1,160	209.35	915.92	1,280	733.85
Trading Asset Securities	-	-	-	-	50.83	41.28
Cash & Short-Term Investments	1,666	2,631	1,972	2,045	2,269	1,501
Cash Growth	-13.96%	33.36%	-3.55%	-9.86%	51.11%	117.30%
Accounts Receivable	1,933	2,018	1,995	1,601	1,119	957.06
Other Receivables	4.6	3.11	3.08	2.07	3.11	4.44
Receivables	1,938	2,021	1,998	1,603	1,122	961.51
Inventory	1,321	1,258	1,075	936.67	920.33	710.44
Other Current Assets	1,861	536.99	401.71	448.23	417.27	262.09
Total Current Assets	6,786	6,447	5,447	5,033	4,729	3,435
Property, Plant & Equipment	4,150	3,978	3,286	2,322	1,581	999.25
Long-Term Investments	-	92.48	1,096	1,125	1,079	2,029
Other Intangible Assets	345.22	347.53	352.74	304.93	192.74	142.48
Long-Term Accounts Receivable	-	-	0.35	0.46	-	-
Long-Term Deferred Tax Assets	33.9	37.48	39.6	93.84	120.66	19.11
Long-Term Deferred Charges	9.79	5.44	7.86	10.51	5.11	-
Other Long-Term Assets	90.65	46.81	48.56	96.52	73.35	69.99
Total Assets	11,415	10,955	10,279	8,986	7,781	6,695
Accounts Payable	4,158	4,132	3,446	2,734	2,247	1,491
Accrued Expenses	67.45	98.34	84.17	86.63	68.99	50.9
Short-Term Debt	1,532	1,454	1,230	1,108	1,694	2,177
Current Portion of Long-Term Debt	270.5	319.71	51.57	116.86	15	-
Current Portion of Leases	-	3.43	0.22	0.21	1.27	-
Current Income Taxes Payable	11.23	5.46	2.52	0.61	2.89	2.37
Current Unearned Revenue	11.55	14.43	9.75	53.05	5.35	7.17
Other Current Liabilities	181.75	111.05	333.68	33.39	40.53	47.34
Total Current Liabilities	6,233	6,139	5,157	4,133	4,076	3,776
Long-Term Debt	1,514	1,177	1,687	1,411	522.55	-
Long-Term Leases	6.72	5.57	0.46	0.68	1.4	-
Long-Term Unearned Revenue	93.69	95.52	33.49	10.65	4.28	4.57
Long-Term Deferred Tax Liabilities	-	-	-	49.14	54.32	1.18
Total Liabilities	7,847	7,417	6,879	5,604	4,658	3,782
Common Stock	408.2	408.2	407.77	406.48	403.83	403.88
Additional Paid-In Capital	549.73	549.73	545.84	527.63	491.57	476.47
Retained Earnings	2,607	2,579	2,447	2,455	2,236	2,050
Treasury Stock	-	-	-1.23	-7.15	-14.95	-25.88
Total Common Equity	3,565	3,537	3,400	3,382	3,117	2,904
Minority Interest	4.01	1.59	0.08	0.59	6.15	9.07
Shareholders' Equity	3,569	3,539	3,400	3,382	3,123	2,913
Total Liabilities & Equity	11,415	10,955	10,279	8,986	7,781	6,695
Total Debt	3,322	2,959	2,970	2,637	2,234	2,177
Net Cash (Debt)	-1,656	-328.74	-997.33	-591.52	34.25	-675.68
Net Cash Per Share	-4.08	-0.81	-2.37	-1.46	0.08	-1.69
Filing Date Shares Outstanding	408.2	408.2	407.77	406.48	403.88	403.88
Total Common Shares Outstanding	408.2	408.2	407.77	406.48	403.88	403.88
Working Capital	553.57	308.31	289.96	900.21	652.92	-340.7
Book Value Per Share	8.73	8.66	8.34	8.32	7.72	7.19
Tangible Book Value	3,220	3,189	3,047	3,077	2,924	2,762
Tangible Book Value Per Share	7.89	7.81	7.47	7.57	7.24	6.84
Buildings	-	1,714	1,492	728.82	602.8	536.76
Machinery	-	2,841	2,168	1,578	1,396	915.85
Construction In Progress	-	573.25	509.8	717.41	160.14	22.85

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