Longzhou Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	314.4	549.45	577.02	548.53	530.67
Short-Term Investments	-	15.01	-	-	-
Trading Asset Securities	-	0.08	-	12.69	17.99
Cash & Short-Term Investments	314.4	564.55	577.02	561.22	548.66
Cash Growth	-44.31%	-2.16%	2.81%	2.29%	-31.32%
Accounts Receivable	1,680	1,811	1,628	2,095	1,906
Other Receivables	323.09	225.97	219.95	263.12	488.31
Receivables	2,003	2,037	1,848	2,358	2,394
Inventory	134.31	150.42	263.19	261.83	255.91
Prepaid Expenses	-	0.8	0.44	-	-
Other Current Assets	134.82	127.35	412.18	340.05	653.18
Total Current Assets	2,586	2,880	3,101	3,521	3,852
Property, Plant & Equipment	1,508	1,814	1,937	2,070	2,022
Long-Term Investments	10.56	18.3	30.22	36.8	38.19
Goodwill	285.28	337.37	405.57	470.44	485.57
Other Intangible Assets	565.15	630.14	680.6	701.25	718.3
Long-Term Accounts Receivable	-	10.85	-	-	-
Long-Term Deferred Tax Assets	71.28	77.74	80.06	76	69.49
Long-Term Deferred Charges	8.73	11.68	19.34	22.77	24.17
Other Long-Term Assets	480.5	457.24	456.79	492.74	499.76
Total Assets	5,516	6,237	6,711	7,391	7,709
Accounts Payable	500.02	585.91	467.19	530.18	1,111
Accrued Expenses	36.6	72.26	43.65	59.14	57.85
Short-Term Debt	1,498	1,567	1,828	1,906	1,405
Current Portion of Long-Term Debt	1,066	448.88	619.15	855.49	202.55
Current Portion of Leases	-	22.58	-	-	-
Current Income Taxes Payable	57.86	10.76	9.04	16.87	6.15
Current Unearned Revenue	54.94	67.14	87.69	107.12	51.64
Other Current Liabilities	138.24	315.88	205.33	173.9	443.22
Total Current Liabilities	3,351	3,090	3,260	3,649	3,277
Long-Term Debt	883.53	1,544	1,349	1,150	1,648
Long-Term Leases	3.03	7.98	2.8	8.21	12.4
Long-Term Unearned Revenue	275.2	295.57	282.56	312.14	315.63
Long-Term Deferred Tax Liabilities	10.51	12.28	15.3	17.4	16.2
Other Long-Term Liabilities	266.27	141.24	84.03	89.55	113.07
Total Liabilities	4,790	5,091	4,994	5,226	5,382
Common Stock	562.37	562.37	562.37	562.37	562.37
Additional Paid-In Capital	1,333	1,344	1,344	1,344	1,350
Retained Earnings	-1,300	-750.65	-402.19	-49.82	30.02
Comprehensive Income & Other	9.98	6.8	7.71	-5.08	1.69
Total Common Equity	605.05	1,162	1,512	1,851	1,944
Minority Interest	121.28	-16.31	205.07	313.48	382.63
Shareholders' Equity	726.33	1,146	1,717	2,165	2,327
Total Liabilities & Equity	5,516	6,237	6,711	7,391	7,709
Total Debt	3,450	3,590	3,799	3,920	3,268
Net Cash (Debt)	-3,136	-3,026	-3,222	-3,359	-2,719
Net Cash Per Share	-5.59	-5.38	-5.76	-5.94	-4.13
Filing Date Shares Outstanding	557.37	562.37	562.37	562.37	562.37
Total Common Shares Outstanding	557.37	562.37	562.37	562.37	562.37
Working Capital	-764.84	-210.65	-159.34	-127.61	574.6
Book Value Per Share	1.09	2.07	2.69	3.29	3.46
Tangible Book Value	-245.39	194.95	425.66	679.73	740.2
Tangible Book Value Per Share	-0.44	0.35	0.76	1.21	1.32
Buildings	-	1,638	1,587	1,580	1,459
Machinery	-	1,424	1,452	1,440	1,395
Construction In Progress	-	111.96	155.18	167.85	172.22

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