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 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	1,339	860.1	1,026	1,384	789.41	380.46
Short-Term Investments	-	20	35	100	-	-
Trading Asset Securities	180	469	324.86	209	0	11
Cash & Short-Term Investments	1,519	1,349	1,385	1,693	789.41	391.46
Cash Growth	22.65%	-2.62%	-18.18%	114.49%	101.66%	508.84%
Accounts Receivable	4,890	4,731	3,949	3,526	2,392	1,298
Other Receivables	16.26	15.7	18.52	21.52	17.04	6.23
Receivables	4,906	4,747	3,967	3,548	2,409	1,304
Inventory	1,363	1,223	990.16	846.45	916.49	621.99
Other Current Assets	313.68	219.42	228.02	290.18	447.62	237.66
Total Current Assets	8,101	7,538	6,571	6,378	4,563	2,556
Property, Plant & Equipment	4,969	4,705	4,245	3,887	2,677	1,361
Other Intangible Assets	269.75	268.24	271.59	244.36	241.98	101.54
Long-Term Deferred Tax Assets	160.32	159.38	147.22	130.5	102.38	19.7
Long-Term Deferred Charges	215.96	219.48	174.12	214.56	120.9	53.75
Other Long-Term Assets	105.53	152.57	16.94	70.06	101.93	110.12
Total Assets	13,822	13,043	11,426	10,924	7,807	4,202
Accounts Payable	4,082	3,860	2,890	3,464	2,366	1,458
Accrued Expenses	103.51	202.72	189.9	159.63	155.36	98.54
Short-Term Debt	1,769	1,641	1,614	1,093	1,615	721.18
Current Portion of Long-Term Debt	846.22	768.28	1,103	907.89	193.09	85.63
Current Portion of Leases	-	9.11	15.56	25.95	23.58	17.27
Current Income Taxes Payable	41.4	0.51	1.91	0.43	0.48	9.01
Current Unearned Revenue	53.78	38.49	49.41	44.17	29.76	27.45
Other Current Liabilities	104.34	112.15	73.43	81.06	22.09	9.23
Total Current Liabilities	7,000	6,632	5,938	5,776	4,405	2,426
Long-Term Debt	1,859	1,747	2,307	2,344	855.39	236.53
Long-Term Leases	36.8	28.63	10.31	24.03	28.17	13.93
Long-Term Unearned Revenue	183.64	178.96	159.22	125.86	60.08	38.3
Long-Term Deferred Tax Liabilities	7.89	7.45	17.6	20.05	25.55	-
Other Long-Term Liabilities	-	-	-	-	42.12	-
Total Liabilities	9,086	8,594	8,432	8,290	5,417	2,715
Common Stock	173.48	173.48	107.47	102.78	102.78	93.08
Additional Paid-In Capital	2,940	2,928	1,957	1,685	1,676	869.67
Retained Earnings	1,662	1,380	893.09	643.56	611.18	524.57
Treasury Stock	-40.54	-40.54	-119.54	-	-	-
Comprehensive Income & Other	-2.81	3.81	155.29	202.6	-	-
Total Common Equity	4,733	4,445	2,993	2,634	2,390	1,487
Minority Interest	2.66	2.96	-	-	-	-
Shareholders' Equity	4,735	4,448	2,993	2,634	2,390	1,487
Total Liabilities & Equity	13,822	13,043	11,426	10,924	7,807	4,202
Total Debt	4,510	4,194	5,051	4,395	2,715	1,075
Net Cash (Debt)	-2,992	-2,845	-3,665	-2,702	-1,926	-683.06
Net Cash Per Share	-17.70	-16.53	-25.11	-13.08	-14.47	-5.59
Filing Date Shares Outstanding	170.78	172.58	146.75	143.9	143.9	130.31
Total Common Shares Outstanding	170.78	172.58	146.75	143.9	143.9	130.31
Working Capital	1,101	905.79	633.11	601.32	157.09	129.71
Book Value Per Share	27.71	25.76	20.40	18.30	16.61	11.41
Tangible Book Value	4,463	4,177	2,722	2,389	2,148	1,386
Tangible Book Value Per Share	26.13	24.20	18.55	16.60	14.93	10.63
Buildings	-	1,637	1,611	1,251	225.6	202.49
Machinery	-	3,530	3,050	2,313	1,703	863.16
Construction In Progress	-	682.85	432.5	853.97	1,076	538.2

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