Jiangsu Zhongshe 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	Dec '21 Dec 31, 2021
Cash & Equivalents	139.77	190.63	207.89	182.49	202.07
Trading Asset Securities	3.78	-	0.7	-	0.44
Cash & Short-Term Investments	143.55	190.63	208.59	182.49	202.51
Cash Growth	-24.70%	-8.61%	14.30%	-9.89%	-6.32%
Accounts Receivable	821.8	605.58	871.39	831.39	763.79
Other Receivables	4.6	5.42	15.92	18.48	35.29
Receivables	826.4	611	887.3	849.87	799.08
Inventory	4.31	-	-	-	-
Other Current Assets	3.54	2.02	23.63	18.94	14.77
Total Current Assets	977.79	803.66	1,120	1,051	1,016
Property, Plant & Equipment	129.05	75.44	87.72	96.65	99.97
Long-Term Investments	10.2	10.2	6.34	4.81	1.67
Goodwill	-	-	37.65	37.65	37.65
Other Intangible Assets	15.2	9.41	18.97	20.4	21.95
Long-Term Deferred Tax Assets	73.63	36.09	47.6	39.31	30.01
Long-Term Deferred Charges	0.26	0.49	1.01	1.54	1.49
Other Long-Term Assets	0.01	0.33	-	-	-
Total Assets	1,206	935.62	1,319	1,252	1,209
Accounts Payable	456.45	126.79	304.79	260.62	274.28
Accrued Expenses	21.47	13.93	33.4	33.11	47.81
Short-Term Debt	109.49	73.14	83.98	107.34	81.76
Current Portion of Long-Term Debt	1.16	-	-	-	-
Current Portion of Leases	-	1.38	3.28	3.22	3.39
Current Income Taxes Payable	11.28	6.13	16.97	15.73	19.25
Current Unearned Revenue	12.32	3.68	26.52	31.54	37.51
Other Current Liabilities	46.74	30.35	69.95	60.98	56
Total Current Liabilities	658.91	255.4	538.89	512.54	520
Long-Term Debt	41.34	-	-	-	-
Long-Term Leases	1.12	1.95	2.91	5.91	7.42
Long-Term Deferred Tax Liabilities	2.21	0.41	2	2.66	1.86
Total Liabilities	703.58	257.75	543.8	521.11	529.28
Common Stock	156.16	156.16	156.16	156.23	130.26
Additional Paid-In Capital	91.94	127.12	127.12	126.98	150.55
Retained Earnings	219.23	394.58	394.57	364.29	327.55
Treasury Stock	-	-	-	-6.48	-6.89
Comprehensive Income & Other	0	0	-0.08	-0.08	0.02
Total Common Equity	467.34	677.86	677.78	640.94	601.5
Minority Interest	35.23	-	97.25	89.62	78.34
Shareholders' Equity	502.57	677.86	775.02	730.57	679.84
Total Liabilities & Equity	1,206	935.62	1,319	1,252	1,209
Total Debt	153.11	76.47	90.17	116.47	92.57
Net Cash (Debt)	-9.56	114.16	118.42	66.03	109.94
Net Cash Growth	-	-3.60%	79.36%	-39.95%	-29.78%
Net Cash Per Share	-0.06	0.79	0.75	0.42	0.71
Filing Date Shares Outstanding	140.76	156.16	156.16	155.18	154.96
Total Common Shares Outstanding	140.76	156.16	156.16	155.18	154.96
Working Capital	318.88	548.26	580.64	538.77	496.37
Book Value Per Share	3.32	4.34	4.34	4.13	3.88
Tangible Book Value	452.13	668.46	621.15	582.88	541.9
Tangible Book Value Per Share	3.21	4.28	3.98	3.76	3.50
Buildings	-	101.18	101.06	100.8	99.61
Machinery	-	28.57	39.21	39.2	33.52
Construction In Progress	-	-	-	-	0.05

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