ZRP Printing Group 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	Jun '26 Jun 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	698.64	702.91	834.1	1,144	1,377	240.63
Trading Asset Securities	144.89	157.59	314.94	81.87	-	-
Cash & Short-Term Investments	1,209	860.5	1,149	1,226	1,377	240.63
Cash Growth	17.89%	-25.11%	-6.29%	-10.93%	472.13%	-14.91%
Accounts Receivable	957.47	1,074	971.73	917.95	799.11	727.64
Other Receivables	22.87	21.98	9.12	7.37	5.27	2.63
Receivables	980.35	1,096	980.85	925.32	804.38	730.27
Inventory	346.38	385.26	328.66	306.18	269.73	300.2
Prepaid Expenses	-	-	-	0.12	-	-
Other Current Assets	27.49	303.13	28.36	31.9	13.23	15.28
Total Current Assets	2,563	2,645	2,487	2,490	2,464	1,286
Property, Plant & Equipment	1,517	1,607	1,642	1,393	1,145	1,103
Long-Term Investments	-	-	-	0.09	-	-
Goodwill	130.75	142.8	28.17	-	-	-
Other Intangible Assets	134.17	133.98	141	124.57	101.24	108.25
Long-Term Accounts Receivable	-	-	-	0.88	0.84	1.01
Long-Term Deferred Tax Assets	26.47	26.88	25.96	18.07	15.97	18.08
Long-Term Deferred Charges	14.69	16.36	12.38	3.37	1.84	0.27
Other Long-Term Assets	35.88	3.15	8.75	3.63	37.82	-
Total Assets	4,423	4,575	4,345	4,033	3,767	2,517

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	948.57	1,029	932.46	975.65	846.1	739.36
Accrued Expenses	116.76	144.08	120.07	103.86	98.48	94.96
Short-Term Debt	78.56	66.37	54.36	-	-	181.17
Current Portion of Long-Term Debt	0.01	0.04	1.09	-	-	30.42
Current Portion of Leases	12.23	15.76	15.52	8.84	9.18	4.75
Current Income Taxes Payable	3.11	10.75	9.41	7.49	4.04	9.02
Current Unearned Revenue	7.62	5.54	2.43	5.19	6.72	6.46
Other Current Liabilities	41.9	45.84	103.4	6.02	7.26	7.57
Total Current Liabilities	1,209	1,317	1,239	1,107	971.78	1,074
Long-Term Debt	10	37	25	-	-	38.38
Long-Term Leases	71.1	76.72	17.01	12.7	12.45	11.28
Long-Term Unearned Revenue	52.32	56.04	54.6	55.8	62.61	66.56
Long-Term Deferred Tax Liabilities	8.86	9.6	11.23	0.13	0.11	0.15
Total Liabilities	1,351	1,496	1,347	1,176	1,047	1,190

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	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	1,301	1,288	1,201	1,116	954.13	740.72
Treasury Stock	-44.81	-26.7	-8.11	-	-	-
Comprehensive Income & Other	-13.17	-9.96	-4.83	-1.39	0.74	-
Total Common Equity	2,977	2,985	2,927	2,855	2,693	1,301
Minority Interest	94.67	93.27	72.15	3.05	27.04	25.75
Shareholders' Equity	3,072	3,078	2,999	2,858	2,720	1,326
Total Liabilities & Equity	4,423	4,575	4,345	4,033	3,767	2,517

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	171.89	195.89	112.99	21.54	21.63	266
Net Cash (Debt)	1,037	664.61	1,036	1,205	1,355	-25.37
Net Cash Growth	17.02%	-35.85%	-14.00%	-11.10%	-	-
Net Cash Per Share	5.43	3.47	5.34	6.26	8.89	-0.17
Filing Date Shares Outstanding	188.89	191.41	192.56	193.13	193.13	144.83
Total Common Shares Outstanding	190.28	191.41	192.56	193.13	193.13	144.83
Working Capital	1,355	1,328	1,248	1,383	1,492	212.67
Book Value Per Share	15.65	15.60	15.20	14.78	13.94	8.98
Tangible Book Value	2,712	2,708	2,757	2,730	2,592	1,192
Tangible Book Value Per Share	14.25	14.15	14.32	14.14	13.42	8.23
Buildings	1,073	1,073	1,048	707.28	634.52	635.18
Machinery	1,796	1,783	1,735	1,308	1,217	1,153
Construction In Progress	28.54	35.38	48.06	316.8	131.83	47.16