Jiangsu Zhongshe 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	180.68	190.63	207.89	182.49	202.07	189.82
Trading Asset Securities	-	-	0.7	-	0.44	26.36
Cash & Short-Term Investments	180.68	190.63	208.59	182.49	202.51	216.18
Cash Growth	56.18%	-8.61%	14.30%	-9.89%	-6.32%	122.48%
Accounts Receivable	535.27	605.58	871.39	831.39	763.79	610.13
Other Receivables	4.31	5.42	15.92	18.48	35.29	16.68
Receivables	539.58	611	887.3	849.87	799.08	626.81
Other Current Assets	3.57	2.02	23.63	18.94	14.77	3.22
Total Current Assets	723.83	803.66	1,120	1,051	1,016	846.21
Property, Plant & Equipment	71.85	75.44	87.72	96.65	99.97	56.46
Long-Term Investments	10.2	10.2	6.34	4.81	1.67	1.37
Goodwill	-	-	37.65	37.65	37.65	30.21
Other Intangible Assets	10.16	9.41	18.97	20.4	21.95	23.78
Long-Term Deferred Tax Assets	35.97	36.09	47.6	39.31	30.01	21.86
Long-Term Deferred Charges	0.46	0.49	1.01	1.54	1.49	1.35
Other Long-Term Assets	0.01	0.33	-	-	-	-
Total Assets	852.48	935.62	1,319	1,252	1,209	981.22
Accounts Payable	79.39	126.79	304.79	260.62	274.28	175.57
Accrued Expenses	3.06	13.93	33.4	33.11	47.81	33.56
Short-Term Debt	90.39	73.14	83.98	107.34	81.76	59.61
Current Portion of Leases	0.98	1.38	3.28	3.22	3.39	-
Current Income Taxes Payable	3.93	6.13	16.97	15.73	19.25	19.81
Current Unearned Revenue	2.28	3.68	26.52	31.54	37.51	10.84
Other Current Liabilities	22.26	30.35	69.95	60.98	56	58.71
Total Current Liabilities	202.29	255.4	538.89	512.54	520	358.09
Long-Term Leases	1.4	1.95	2.91	5.91	7.42	-
Long-Term Deferred Tax Liabilities	0.41	0.41	2	2.66	1.86	2.25
Total Liabilities	204.1	257.75	543.8	521.11	529.28	360.34
Common Stock	156.16	156.16	156.16	156.23	130.26	130.26
Additional Paid-In Capital	127.12	127.12	127.12	126.98	150.55	151.15
Retained Earnings	365.11	394.58	394.57	364.29	327.55	277.5
Treasury Stock	-	-	-	-6.48	-6.89	-9.84
Comprehensive Income & Other	0	0	-0.08	-0.08	0.02	0.01
Total Common Equity	648.39	677.86	677.78	640.94	601.5	549.08
Minority Interest	-	-	97.25	89.62	78.34	71.8
Shareholders' Equity	648.39	677.86	775.02	730.57	679.84	620.88
Total Liabilities & Equity	852.48	935.62	1,319	1,252	1,209	981.22
Total Debt	92.76	76.47	90.17	116.47	92.57	59.61
Net Cash (Debt)	87.92	114.16	118.42	66.03	109.94	156.57
Net Cash Growth	544.05%	-3.60%	79.36%	-39.95%	-29.78%	84.47%
Net Cash Per Share	0.62	0.79	0.75	0.42	0.71	1.01
Filing Date Shares Outstanding	156.16	156.16	156.16	155.18	154.96	156.31
Total Common Shares Outstanding	156.16	156.16	156.16	155.18	154.96	156.31
Working Capital	521.54	548.26	580.64	538.77	496.37	488.12
Book Value Per Share	4.15	4.34	4.34	4.13	3.88	3.51
Tangible Book Value	638.23	668.46	621.15	582.88	541.9	495.1
Tangible Book Value Per Share	4.09	4.28	3.98	3.76	3.50	3.17
Buildings	-	101.18	101.06	100.8	99.61	30.63
Machinery	-	28.57	39.21	39.2	33.52	31.2
Construction In Progress	-	-	-	-	0.05	34.27

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