Ningbo Zhenyu Technology 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	987.69	1,026	1,384	789.41	380.46	64.3
Short-Term Investments	-	35	100	-	-	-
Trading Asset Securities	287.33	324.86	209	0	11	-
Cash & Short-Term Investments	1,275	1,385	1,693	789.41	391.46	64.3
Cash Growth	-2.58%	-18.18%	114.49%	101.66%	508.84%	-31.88%
Accounts Receivable	4,240	3,949	3,526	2,392	1,298	799.38
Other Receivables	18.03	18.52	21.52	17.04	6.23	2.73
Receivables	4,258	3,967	3,548	2,409	1,304	802.11
Inventory	1,073	990.16	846.45	916.49	621.99	215.74
Other Current Assets	226.82	228.02	290.18	447.62	237.66	50.81
Total Current Assets	6,832	6,571	6,378	4,563	2,556	1,133
Property, Plant & Equipment	4,532	4,245	3,887	2,677	1,361	675.07
Other Intangible Assets	268.26	271.59	244.36	241.98	101.54	20.6
Long-Term Deferred Tax Assets	138.13	147.22	130.5	102.38	19.7	8.92
Long-Term Deferred Charges	171.47	174.12	214.56	120.9	53.75	34.04
Other Long-Term Assets	92.28	16.94	70.06	101.93	110.12	37.66
Total Assets	12,035	11,426	10,924	7,807	4,202	1,909
Accounts Payable	3,035	2,890	3,464	2,366	1,458	562.56
Accrued Expenses	124.71	189.9	159.63	155.36	98.54	52.45
Short-Term Debt	1,700	1,614	1,093	1,615	721.18	517.44
Current Portion of Long-Term Debt	822.49	1,103	907.89	193.09	85.63	-
Current Portion of Leases	-	15.56	25.95	23.58	17.27	-
Current Income Taxes Payable	103.74	1.91	0.43	0.48	9.01	7.62
Current Unearned Revenue	34.31	49.41	44.17	29.76	27.45	13.69
Other Current Liabilities	95.27	73.43	81.06	22.09	9.23	2.82
Total Current Liabilities	5,916	5,938	5,776	4,405	2,426	1,157
Long-Term Debt	1,650	2,307	2,344	855.39	236.53	-
Long-Term Leases	2.26	10.31	24.03	28.17	13.93	-
Long-Term Unearned Revenue	172.53	159.22	125.86	60.08	38.3	19.4
Long-Term Deferred Tax Liabilities	12.39	17.6	20.05	25.55	-	-
Other Long-Term Liabilities	-	-	-	42.12	-	-
Total Liabilities	7,754	8,432	8,290	5,417	2,715	1,176
Common Stock	173.48	107.47	102.78	102.78	93.08	69.81
Additional Paid-In Capital	2,859	1,957	1,685	1,676	869.67	296.05
Retained Earnings	1,279	893.09	643.56	611.18	524.57	367.4
Treasury Stock	-40.54	-119.54	-	-	-	-
Comprehensive Income & Other	6.2	155.29	202.6	-	-	-
Shareholders' Equity	4,281	2,993	2,634	2,390	1,487	733.25
Total Liabilities & Equity	12,035	11,426	10,924	7,807	4,202	1,909
Total Debt	4,176	5,051	4,395	2,715	1,075	517.44
Net Cash (Debt)	-2,900	-3,665	-2,702	-1,926	-683.06	-453.15
Net Cash Per Share	-13.77	-18.76	-13.08	-14.47	-5.59	-4.65
Filing Date Shares Outstanding	178.34	146.75	143.9	143.9	130.31	97.73
Total Common Shares Outstanding	178.34	146.75	143.9	143.9	130.31	97.73
Working Capital	916	633.11	601.32	157.09	129.71	-23.64
Book Value Per Share	23.98	20.40	18.30	16.61	11.41	7.50
Tangible Book Value	4,009	2,722	2,389	2,148	1,386	712.65
Tangible Book Value Per Share	22.48	18.55	16.60	14.93	10.63	7.29
Buildings	-	1,611	1,251	225.6	202.49	187.61
Machinery	-	3,050	2,313	1,703	863.16	609.3
Construction In Progress	-	432.5	853.97	1,076	538.2	96.69

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