Longzhou 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	340.33	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	340.33	314.4	564.55	577.02	561.22	548.66
Cash Growth	-33.46%	-44.31%	-2.16%	2.81%	2.29%	-31.32%
Accounts Receivable	1,335	1,680	1,811	1,628	2,095	1,906
Other Receivables	293.58	323.09	225.97	219.95	263.12	488.31
Receivables	1,628	2,003	2,037	1,848	2,358	2,394
Inventory	247.93	134.31	150.42	263.19	261.83	255.91
Prepaid Expenses	-	-	0.8	0.44	-	-
Other Current Assets	177.91	134.82	127.35	412.18	340.05	653.18
Total Current Assets	2,394	2,586	2,880	3,101	3,521	3,852
Property, Plant & Equipment	1,479	1,508	1,814	1,937	2,070	2,022
Long-Term Investments	10.46	10.56	18.3	30.22	36.8	38.19
Goodwill	285.28	285.28	337.37	405.57	470.44	485.57
Other Intangible Assets	560.51	565.15	630.14	680.6	701.25	718.3
Long-Term Accounts Receivable	-	-	10.85	-	-	-
Long-Term Deferred Tax Assets	70.26	71.28	77.74	80.06	76	69.49
Long-Term Deferred Charges	7.93	8.73	11.68	19.34	22.77	24.17
Other Long-Term Assets	473.97	480.5	457.24	456.79	492.74	499.76
Total Assets	5,282	5,516	6,237	6,711	7,391	7,709
Accounts Payable	453.3	500.02	585.91	467.19	530.18	1,111
Accrued Expenses	26.95	36.6	72.26	43.65	59.14	57.85
Short-Term Debt	1,419	1,498	1,567	1,828	1,906	1,405
Current Portion of Long-Term Debt	1,066	1,066	448.88	619.15	855.49	202.55
Current Portion of Leases	-	-	22.58	-	-	-
Current Income Taxes Payable	28.99	57.86	10.76	9.04	16.87	6.15
Current Unearned Revenue	112.69	54.94	67.14	87.69	107.12	51.64
Other Current Liabilities	133.09	138.24	315.88	205.33	173.9	443.22
Total Current Liabilities	3,240	3,351	3,090	3,260	3,649	3,277
Long-Term Debt	885.13	883.53	1,544	1,349	1,150	1,648
Long-Term Leases	4.6	3.03	7.98	2.8	8.21	12.4
Long-Term Unearned Revenue	271.21	275.2	295.57	282.56	312.14	315.63
Long-Term Deferred Tax Liabilities	10.33	10.51	12.28	15.3	17.4	16.2
Other Long-Term Liabilities	252.37	266.27	141.24	84.03	89.55	113.07
Total Liabilities	4,663	4,790	5,091	4,994	5,226	5,382
Common Stock	562.37	562.37	562.37	562.37	562.37	562.37
Additional Paid-In Capital	1,333	1,333	1,344	1,344	1,344	1,350
Retained Earnings	-1,375	-1,300	-750.65	-402.19	-49.82	30.02
Comprehensive Income & Other	6.46	9.98	6.8	7.71	-5.08	1.69
Total Common Equity	526.93	605.05	1,162	1,512	1,851	1,944
Minority Interest	91.75	121.28	-16.31	205.07	313.48	382.63
Shareholders' Equity	618.68	726.33	1,146	1,717	2,165	2,327
Total Liabilities & Equity	5,282	5,516	6,237	6,711	7,391	7,709
Total Debt	3,374	3,450	3,590	3,799	3,920	3,268
Net Cash (Debt)	-3,034	-3,136	-3,026	-3,222	-3,359	-2,719
Net Cash Per Share	-5.44	-5.59	-5.38	-5.76	-5.94	-4.13
Filing Date Shares Outstanding	575.62	557.37	562.37	562.37	562.37	562.37
Total Common Shares Outstanding	575.62	557.37	562.37	562.37	562.37	562.37
Working Capital	-845.07	-764.84	-210.65	-159.34	-127.61	574.6
Book Value Per Share	0.92	1.09	2.07	2.69	3.29	3.46
Tangible Book Value	-318.86	-245.39	194.95	425.66	679.73	740.2
Tangible Book Value Per Share	-0.55	-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.