ZRP Printing Group 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	741.66	702.91	834.1	1,144	1,377	240.63
Trading Asset Securities	113.92	157.59	314.94	81.87	-	-
Cash & Short-Term Investments	855.57	860.5	1,149	1,226	1,377	240.63
Cash Growth	-19.57%	-25.11%	-6.29%	-10.93%	472.13%	-14.91%
Accounts Receivable	1,002	1,074	971.73	917.95	799.11	727.64
Other Receivables	22.4	21.98	9.12	7.37	5.27	2.63
Receivables	1,024	1,096	980.85	925.32	804.38	730.27
Inventory	387.55	385.26	328.66	306.18	269.73	300.2
Prepaid Expenses	-	-	-	0.12	-	-
Other Current Assets	396.02	303.13	28.36	31.9	13.23	15.28
Total Current Assets	2,663	2,645	2,487	2,490	2,464	1,286
Property, Plant & Equipment	1,566	1,607	1,642	1,393	1,145	1,103
Long-Term Investments	-	-	-	0.09	-	-
Goodwill	142.8	142.8	28.17	-	-	-
Other Intangible Assets	132.41	133.98	141	124.57	101.24	108.25
Long-Term Accounts Receivable	-	-	-	0.88	0.84	1.01
Long-Term Deferred Tax Assets	26.73	26.88	25.96	18.07	15.97	18.08
Long-Term Deferred Charges	15.67	16.36	12.38	3.37	1.84	0.27
Other Long-Term Assets	2.96	3.15	8.75	3.63	37.82	-
Total Assets	4,550	4,575	4,345	4,033	3,767	2,517
Accounts Payable	1,009	1,029	932.46	975.65	846.1	739.36
Accrued Expenses	80.44	144.12	120.1	103.86	98.48	94.96
Short-Term Debt	100.79	40.54	30.19	-	-	181.17
Current Portion of Long-Term Debt	-	25.5	25.07	-	-	30.42
Current Portion of Leases	15.71	15.76	15.52	8.84	9.18	4.75
Current Income Taxes Payable	23.13	10.75	9.41	7.49	4.04	9.02
Current Unearned Revenue	3.02	5.54	2.43	5.19	6.72	6.46
Other Current Liabilities	47.05	46.17	103.57	6.02	7.26	7.57
Total Current Liabilities	1,279	1,317	1,239	1,107	971.78	1,074
Long-Term Debt	15	37	25	-	-	38.38
Long-Term Leases	73.55	76.72	17.01	12.7	12.45	11.28
Long-Term Unearned Revenue	53.3	56.04	54.6	55.8	62.61	66.56
Long-Term Deferred Tax Liabilities	9.26	9.6	11.23	0.13	0.11	0.15
Total Liabilities	1,430	1,496	1,347	1,176	1,047	1,190
Common Stock	193.13	193.13	193.13	193.13	193.13	144.83
Additional Paid-In Capital	1,541	1,541	1,545	1,547	1,545	415.16
Retained Earnings	1,330	1,288	1,201	1,116	954.13	740.72
Treasury Stock	-26.7	-26.7	-8.11	-	-	-
Comprehensive Income & Other	-11.78	-9.96	-4.83	-1.39	0.74	-
Total Common Equity	3,026	2,985	2,927	2,855	2,693	1,301
Minority Interest	93.97	93.27	72.15	3.05	27.04	25.75
Shareholders' Equity	3,120	3,078	2,999	2,858	2,720	1,326
Total Liabilities & Equity	4,550	4,575	4,345	4,033	3,767	2,517
Total Debt	205.04	195.52	112.79	21.54	21.63	266
Net Cash (Debt)	650.53	664.98	1,036	1,205	1,355	-25.37
Net Cash Growth	-30.95%	-35.83%	-13.98%	-11.10%	-	-
Net Cash Per Share	3.40	3.47	5.34	6.26	8.89	-0.17
Filing Date Shares Outstanding	191.41	191.41	192.56	193.13	193.13	144.83
Total Common Shares Outstanding	191.41	191.41	192.56	193.13	193.13	144.83
Working Capital	1,385	1,328	1,248	1,383	1,492	212.67
Book Value Per Share	15.81	15.60	15.20	14.78	13.94	8.98
Tangible Book Value	2,751	2,708	2,757	2,730	2,592	1,192
Tangible Book Value Per Share	14.37	14.15	14.32	14.14	13.42	8.23
Buildings	-	1,073	1,048	707.28	634.52	635.18
Machinery	-	1,783	1,735	1,308	1,217	1,153
Construction In Progress	-	35.38	48.06	316.8	131.83	47.16

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