Zhe Kuang Heavy Industry Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	457	334.25	656.57	657.55	399.13	480.86
Short-Term Investments	-	251.85	-	-	-	-
Trading Asset Securities	-	-	-	-	-	0.65
Cash & Short-Term Investments	457	586.1	656.57	657.55	399.13	481.51
Cash Growth	-21.29%	-10.73%	-0.15%	64.75%	-17.11%	-12.78%
Accounts Receivable	411.99	337.92	385.17	279.91	202.24	130.13
Other Receivables	14.86	16.16	14.32	11.53	15.45	3.23
Receivables	426.85	354.08	399.5	291.45	217.69	133.36
Inventory	552.85	523.2	659.93	600.73	440.59	387.89
Prepaid Expenses	-	0.07	1.83	-	0.38	-
Other Current Assets	88.43	14.6	11.07	16	3.54	8.87
Total Current Assets	1,525	1,478	1,729	1,566	1,061	1,012
Property, Plant & Equipment	433.52	446.66	410.59	399.91	357.51	332.55
Long-Term Investments	105.85	116.83	93.32	82.62	83.99	79.69
Goodwill	1.54	1.54	1.54	1.54	-	-
Other Intangible Assets	95.53	96.76	98.62	98.97	61.35	38.94
Long-Term Accounts Receivable	-	13.83	-	-	-	-
Long-Term Deferred Tax Assets	25.98	30.38	17.34	10.85	7.79	4.36
Long-Term Deferred Charges	0.56	0.79	1.25	0.57	0.35	-
Other Long-Term Assets	36.44	13.44	12.08	17.16	26.83	32.08
Total Assets	2,225	2,198	2,364	2,177	1,599	1,499

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	259.49	233.56	322.15	240.24	212.13	195.55
Accrued Expenses	5.05	18.77	19.65	15.99	21.41	17.38
Short-Term Debt	8	20.6	7.06	13.65	0.27	0.24
Current Portion of Long-Term Debt	2.88	2.02	16.5	0.54	-	-
Current Portion of Leases	-	1.44	1.87	1.02	0.33	0.06
Current Income Taxes Payable	4.14	13.08	4.09	6.46	13.04	21.24
Current Unearned Revenue	111.56	76.27	222.83	197.97	103.59	169.01
Other Current Liabilities	26.82	23.77	31.54	14	13.61	21.02
Total Current Liabilities	417.94	389.51	625.68	489.87	364.37	424.51
Long-Term Debt	319.34	302.62	284.36	287.75	-	-
Long-Term Leases	0.51	1.58	3.36	1.55	1.58	0.65
Long-Term Unearned Revenue	6.13	6.44	7.15	7.85	4.85	3.62
Long-Term Deferred Tax Liabilities	-	-	-	-	1.6	0.1
Total Liabilities	743.92	700.16	920.54	787.02	372.41	428.87

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	100.01	100	100	100	100	100
Additional Paid-In Capital	386.49	386.26	386.25	386.22	386.18	386.18
Retained Earnings	901.08	913.44	867.14	817.28	740.27	583.72
Comprehensive Income & Other	45.08	49.24	51.53	48.93	0.28	0.49
Total Common Equity	1,433	1,449	1,405	1,352	1,227	1,070
Minority Interest	47.99	49.2	38.17	37.9	-	-
Shareholders' Equity	1,481	1,498	1,443	1,390	1,227	1,070
Total Liabilities & Equity	2,225	2,198	2,364	2,177	1,599	1,499

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	330.73	328.26	313.15	304.51	2.18	0.96
Net Cash (Debt)	126.27	257.85	343.42	353.04	396.95	480.56
Net Cash Growth	-51.18%	-24.92%	-2.73%	-11.06%	-17.40%	-12.95%
Net Cash Per Share	1.21	2.43	3.22	3.53	3.98	4.82
Filing Date Shares Outstanding	96.42	100	100	100	100	100
Total Common Shares Outstanding	96.42	100	100	100	100	100
Working Capital	1,107	1,089	1,103	1,076	696.96	587.13
Book Value Per Share	14.86	14.49	14.05	13.52	12.27	10.70
Tangible Book Value	1,336	1,351	1,305	1,252	1,165	1,031
Tangible Book Value Per Share	13.85	13.51	13.05	12.52	11.65	10.31
Buildings	-	-	-	221.96	167.56	163.18
Machinery	-	641.32	539.02	286.61	243.89	198.6
Construction In Progress	-	44.29	65.79	52.41	64.5	66.52