Zensun Enterprises Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	210.52	317.54	528.3	488.2	1,839
Short-Term Investments	318.78	416.37	494.14	446.35	243.05
Trading Asset Securities	180.06	213.39	296.98	247.73	423.97
Cash & Short-Term Investments	709.36	947.3	1,319	1,182	2,506
Cash Growth	-25.12%	-28.20%	11.60%	-52.82%	-33.37%
Accounts Receivable	11.96	13.06	19.68	15.48	12.21
Other Receivables	553.28	737.31	482.6	736.53	148.26
Receivables	565.24	750.37	502.27	752.01	160.47
Inventory	28,062	33,629	38,437	52,688	56,863
Restricted Cash	372.27	541.91	1,184	1,366	1,458
Other Current Assets	2,264	2,415	3,230	3,430	5,116
Total Current Assets	31,973	38,284	44,673	59,418	66,103
Property, Plant & Equipment	963.68	1,066	1,174	1,158	1,106
Goodwill	-	-	-	300.36	424.72
Other Intangible Assets	-	22.45	67.37	112.28	157.11
Long-Term Deferred Tax Assets	60.57	125.62	485.48	555.32	443.79
Other Long-Term Assets	-	-	-	-	4.59
Total Assets	32,997	39,498	46,399	61,544	68,240
Accounts Payable	152.92	169.17	294.53	209.54	221.51
Accrued Expenses	811.37	647.54	875.07	324.66	82.32
Short-Term Debt	8,760	8,874	8,492	8,282	10,181
Current Portion of Long-Term Debt	4,358	4,579	5,496	4,693	5,895
Current Income Taxes Payable	1,031	1,071	1,045	676.05	621.48
Current Unearned Revenue	9,199	12,955	18,088	31,328	30,654
Other Current Liabilities	7,361	8,847	7,510	6,824	6,047
Total Current Liabilities	31,674	37,143	41,801	52,337	53,702
Long-Term Debt	952.36	1,120	1,188	3,506	5,901
Long-Term Deferred Tax Liabilities	264.81	271.36	286.32	371.12	432.33
Other Long-Term Liabilities	0.91	0.44	0.52	9.44	6.49
Total Liabilities	32,892	38,535	43,275	56,224	60,041
Common Stock	5,327	5,327	5,327	5,327	5,327
Retained Earnings	-	-4,980	-2,798	-499.97	2,446
Comprehensive Income & Other	-5,283	551.27	540.07	489.08	425.4
Total Common Equity	44.08	897.81	3,069	5,316	8,198
Minority Interest	61.32	64.87	55.55	4.21	0.19
Shareholders' Equity	105.39	962.68	3,124	5,320	8,199
Total Liabilities & Equity	32,997	39,498	46,399	61,544	68,240
Total Debt	14,070	14,574	15,175	16,481	21,976
Net Cash (Debt)	-13,361	-13,627	-13,856	-15,299	-19,470
Net Cash Per Share	-6.98	-7.12	-7.24	-8.00	-10.18
Filing Date Shares Outstanding	1,913	1,913	1,913	1,913	1,913
Total Common Shares Outstanding	1,913	1,913	1,913	1,913	1,913
Working Capital	299.22	1,141	2,872	7,081	12,402
Book Value Per Share	0.02	0.47	1.60	2.78	4.28
Tangible Book Value	44.08	875.35	3,001	4,903	7,617
Tangible Book Value Per Share	0.02	0.46	1.57	2.56	3.98
Land	-	248.11	246.43	450.39	434.18
Buildings	-	138.48	138.48	138.48	138.48
Machinery	-	27.33	27.3	27.09	22.22
Leasehold Improvements	-	2.59	2.54	2.41	2.28

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