Zhe Kuang Heavy Industry 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	Jan '22 Jan 1, 2022
Cash & Equivalents	479.18	334.25	656.57	657.55	399.13	480.86
Trading Asset Securities	-	-	-	-	-	0.65
Cash & Short-Term Investments	479.18	334.25	656.57	657.55	399.13	481.51
Cash Growth	-17.22%	-49.09%	-0.15%	64.75%	-17.11%	-12.78%
Accounts Receivable	395.03	337.92	385.17	279.91	202.24	130.13
Other Receivables	19.32	16.16	14.32	11.53	15.45	3.23
Receivables	414.35	354.08	399.5	291.45	217.69	133.36
Inventory	517.97	523.2	659.93	600.73	440.59	387.89
Prepaid Expenses	-	-	1.83	-	0.38	-
Other Current Assets	87.4	266.52	11.07	16	3.54	8.87
Total Current Assets	1,499	1,478	1,729	1,566	1,061	1,012
Property, Plant & Equipment	441.2	446.66	410.59	399.91	357.51	332.55
Long-Term Investments	106.7	106.81	93.32	82.62	83.99	79.69
Goodwill	1.54	1.54	1.54	1.54	-	-
Other Intangible Assets	95.91	96.76	98.62	98.97	61.35	38.94
Long-Term Deferred Tax Assets	29.01	30.38	17.34	10.85	7.79	4.36
Long-Term Deferred Charges	0.68	0.79	1.25	0.57	0.35	-
Other Long-Term Assets	36.86	37.29	12.08	17.16	26.83	32.08
Total Assets	2,211	2,198	2,364	2,177	1,599	1,499
Accounts Payable	236.89	233.56	322.15	240.24	212.13	195.55
Accrued Expenses	4.03	13.91	19.65	15.99	21.41	17.38
Short-Term Debt	8	20.02	7.06	13.65	0.27	0.24
Current Portion of Long-Term Debt	1.77	3.46	16.5	0.54	-	-
Current Portion of Leases	-	-	1.87	1.02	0.33	0.06
Current Income Taxes Payable	13.8	17.95	4.09	6.46	13.04	21.24
Current Unearned Revenue	86.97	76.27	222.83	197.97	103.59	169.01
Other Current Liabilities	27.55	24.35	31.54	14	13.61	21.02
Total Current Liabilities	379.01	389.51	625.68	489.87	364.37	424.51
Long-Term Debt	317.07	302.62	284.36	287.75	-	-
Long-Term Leases	1.19	1.58	3.36	1.55	1.58	0.65
Long-Term Unearned Revenue	6.28	6.44	7.15	7.85	4.85	3.62
Long-Term Deferred Tax Liabilities	-	-	-	-	1.6	0.1
Total Liabilities	703.55	700.16	920.54	787.02	372.41	428.87
Common Stock	100.01	100	100	100	100	100
Additional Paid-In Capital	386.42	386.26	386.25	386.22	386.18	386.18
Retained Earnings	925.4	913.44	867.14	817.28	740.27	583.72
Comprehensive Income & Other	48.39	49.24	51.53	48.93	0.28	0.49
Total Common Equity	1,460	1,449	1,405	1,352	1,227	1,070
Minority Interest	47.03	49.2	38.17	37.9	-	-
Shareholders' Equity	1,507	1,498	1,443	1,390	1,227	1,070
Total Liabilities & Equity	2,211	2,198	2,364	2,177	1,599	1,499
Total Debt	328.02	327.68	313.15	304.51	2.18	0.96
Net Cash (Debt)	151.16	6.58	343.42	353.04	396.95	480.56
Net Cash Growth	-41.52%	-98.08%	-2.73%	-11.06%	-17.40%	-12.95%
Net Cash Per Share	1.46	0.06	3.22	3.53	3.98	4.82
Filing Date Shares Outstanding	99.67	101.56	100	100	100	100
Total Common Shares Outstanding	99.67	101.56	100	100	100	100
Working Capital	1,120	1,089	1,103	1,076	696.96	587.13
Book Value Per Share	14.65	14.27	14.05	13.52	12.27	10.70
Tangible Book Value	1,363	1,351	1,305	1,252	1,165	1,031
Tangible Book Value Per Share	13.67	13.30	13.05	12.52	11.65	10.31
Buildings	-	-	235.21	221.96	167.56	163.18
Machinery	-	-	303.81	286.61	243.89	198.6
Construction In Progress	-	-	65.79	52.41	64.5	66.52

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