Zhejiang Yueling 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	Dec '21 Dec 31, 2021
Cash & Equivalents	419.64	243.53	222.51	209.76	111.37	113.69
Short-Term Investments	-	43.03	-	-	-	-
Trading Asset Securities	75.98	148.51	40.88	1.01	0.25	0.38
Cash & Short-Term Investments	495.62	435.07	263.39	210.77	111.62	114.06
Cash Growth	86.72%	65.18%	24.96%	88.83%	-2.14%	-23.49%
Accounts Receivable	75.35	102.53	103.01	88.89	109.31	155.82
Other Receivables	10.88	9.45	10.87	3.22	4.23	6.56
Receivables	86.22	111.98	113.88	92.11	113.54	162.38
Inventory	146.24	116.45	143.04	157.23	191.06	222.86
Prepaid Expenses	-	0.15	0.49	0.08	0.02	0.04
Other Current Assets	49.96	4.23	2.58	3.81	8.58	5.79
Total Current Assets	778.05	667.89	523.38	464	424.81	505.13
Property, Plant & Equipment	249.06	249.32	281.26	333.67	381.62	420.47
Long-Term Investments	201.62	221.71	380.58	320.54	339.77	300.9
Other Intangible Assets	76.42	76.98	79.76	86.26	88.59	91.04
Long-Term Deferred Tax Assets	22.47	20.63	14.9	20.23	7.67	4.82
Long-Term Deferred Charges	1.31	24.21	23.8	25.19	26.28	32.64
Other Long-Term Assets	25.56	3.07	1.3	1.44	3.65	5.41
Total Assets	1,354	1,264	1,305	1,251	1,272	1,360
Accounts Payable	54.66	58.43	57.34	60.69	61.68	148.51
Accrued Expenses	13.92	25.24	28.92	27.22	25.95	32.45
Short-Term Debt	265.65	147.27	179.64	166.55	60.29	91.92
Current Portion of Long-Term Debt	0.14	0.09	-	-	70.06	-
Current Portion of Leases	-	0.05	1.02	0.3	0.88	1.32
Current Income Taxes Payable	1.5	0.02	0	0.01	0.05	0.01
Current Unearned Revenue	17.86	17.27	10.79	16.84	14.37	20.26
Other Current Liabilities	5.88	9.32	6.97	5.35	6.9	8.91
Total Current Liabilities	359.6	257.68	284.68	276.96	240.18	303.37
Long-Term Debt	14.23	4.42	-	-	-	-
Long-Term Leases	0.05	0.05	1.43	0.37	0.13	0.87
Long-Term Unearned Revenue	4.18	4.49	6.47	9.11	11.84	12.33
Long-Term Deferred Tax Liabilities	-	-	-	-	-	3.53
Total Liabilities	378.06	266.63	292.57	286.45	252.14	320.1
Common Stock	256	256	256	256	256	256
Additional Paid-In Capital	297.17	297.17	297.17	297.17	297.31	297.31
Retained Earnings	398.42	403.84	389.27	341.93	392.94	396.74
Treasury Stock	-16.06	-0.88	-	-	-	-
Comprehensive Income & Other	40.56	40.73	69.63	69.53	74.06	90.27
Total Common Equity	976.09	996.87	1,012	964.63	1,020	1,040
Minority Interest	0.34	0.32	0.34	0.26	-0.05	-
Shareholders' Equity	976.43	997.19	1,012	964.88	1,020	1,040
Total Liabilities & Equity	1,354	1,264	1,305	1,251	1,272	1,360
Total Debt	280.07	151.87	182.08	167.22	131.35	94.11
Net Cash (Debt)	215.56	283.2	81.31	43.55	-19.74	19.95
Net Cash Growth	111.23%	248.30%	86.70%	-	-	-66.71%
Net Cash Per Share	0.84	1.11	0.32	0.17	-0.08	0.08
Filing Date Shares Outstanding	255.52	256	256	256	256	256
Total Common Shares Outstanding	255.52	256	256	256	256	256
Working Capital	418.45	410.21	238.71	187.03	184.63	201.76
Book Value Per Share	3.82	3.89	3.95	3.77	3.99	4.06
Tangible Book Value	899.67	919.89	932.31	878.37	931.71	949.27
Tangible Book Value Per Share	3.52	3.59	3.64	3.43	3.64	3.71
Buildings	-	285.49	306.82	332.18	331.4	330.94
Machinery	-	365.03	381.38	434.44	459.64	447.5
Construction In Progress	-	9.41	3.69	11.09	5.06	11.26