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	Sep '26 Sep 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	511.15	334.25	656.57	657.55	399.13	480.86
Short-Term Investments	-	251.85	-	-	-	-
Trading Asset Securities	-	-	-	-	-	0.65
Cash & Short-Term Investments	511.15	586.1	656.57	657.55	399.13	481.51
Cash Growth	-12.39%	-10.73%	-0.15%	64.75%	-17.11%	-12.78%
Accounts Receivable	424.63	337.92	385.17	279.91	202.24	130.13
Other Receivables	14.39	16.16	14.32	11.53	15.45	3.23
Receivables	439.03	354.08	399.5	291.45	217.69	133.36
Inventory	587.59	523.2	659.93	600.73	440.59	387.89
Prepaid Expenses	-	0.07	1.83	-	0.38	-
Other Current Assets	70.01	14.6	11.07	16	3.54	8.87
Total Current Assets	1,608	1,478	1,729	1,566	1,061	1,012
Property, Plant & Equipment	424.23	446.66	410.59	399.91	357.51	332.55
Long-Term Investments	105.4	116.83	93.32	82.62	83.99	79.69
Goodwill	1.54	1.54	1.54	1.54	-	-
Other Intangible Assets	94.71	96.76	98.62	98.97	61.35	38.94
Long-Term Accounts Receivable	-	13.83	-	-	-	-
Long-Term Deferred Tax Assets	26.83	30.38	17.34	10.85	7.79	4.36
Long-Term Deferred Charges	0.45	0.79	1.25	0.57	0.35	-
Other Long-Term Assets	25.52	13.44	12.08	17.16	26.83	32.08
Total Assets	2,286	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	Sep '26 Sep 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	291.02	233.56	322.15	240.24	212.13	195.55
Accrued Expenses	5.35	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	4.09	2.02	16.5	0.54	-	-
Current Portion of Leases	-	1.44	1.87	1.02	0.33	0.06
Current Income Taxes Payable	6.26	13.08	4.09	6.46	13.04	21.24
Current Unearned Revenue	134.91	76.27	222.83	197.97	103.59	169.01
Other Current Liabilities	20	23.77	31.54	14	13.61	21.02
Total Current Liabilities	469.62	389.51	625.68	489.87	364.37	424.51
Long-Term Debt	321.68	302.62	284.36	287.75	-	-
Long-Term Leases	0.32	1.58	3.36	1.55	1.58	0.65
Long-Term Unearned Revenue	5.97	6.44	7.15	7.85	4.85	3.62
Long-Term Deferred Tax Liabilities	-	-	-	-	1.6	0.1
Total Liabilities	797.59	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	Sep '26 Sep 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	386.54	386.26	386.25	386.22	386.18	386.18
Retained Earnings	907.6	913.44	867.14	817.28	740.27	583.72
Comprehensive Income & Other	45.28	49.24	51.53	48.93	0.28	0.49
Total Common Equity	1,439	1,449	1,405	1,352	1,227	1,070
Minority Interest	49.42	49.2	38.17	37.9	-	-
Shareholders' Equity	1,489	1,498	1,443	1,390	1,227	1,070
Total Liabilities & Equity	2,286	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	Sep '26 Sep 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	334.09	328.26	313.15	304.51	2.18	0.96
Net Cash (Debt)	177.06	257.85	343.42	353.04	396.95	480.56
Net Cash Growth	-31.16%	-24.92%	-2.73%	-11.06%	-17.40%	-12.95%
Net Cash Per Share	1.71	2.43	3.22	3.53	3.98	4.82
Filing Date Shares Outstanding	103.86	100	100	100	100	100
Total Common Shares Outstanding	103.86	100	100	100	100	100
Working Capital	1,138	1,089	1,103	1,076	696.96	587.13
Book Value Per Share	13.86	14.49	14.05	13.52	12.27	10.70
Tangible Book Value	1,343	1,351	1,305	1,252	1,165	1,031
Tangible Book Value Per Share	12.93	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