Zhong An Group 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	377.18	1,823	787.17	3,002	5,233
Trading Asset Securities	77.87	75.46	99.54	162.56	132.8
Cash & Short-Term Investments	455.04	1,899	886.71	3,164	5,365
Cash Growth	-76.03%	114.14%	-71.98%	-41.03%	9.45%
Accounts Receivable	903.28	581.66	220.74	171.05	113.33
Other Receivables	-	1,461	1,900	987.61	715.45
Receivables	2,024	3,068	3,677	2,530	2,071
Inventory	11,934	19,823	26,609	33,829	31,585
Prepaid Expenses	-	1,133	1,828	1,740	1,215
Restricted Cash	224.22	956.35	1,925	3,485	2,518
Other Current Assets	1,922	430.96	548.77	892.12	653.93
Total Current Assets	16,559	27,311	35,475	45,640	43,409
Property, Plant & Equipment	2,154	2,257	2,455	2,627	2,685
Long-Term Investments	2,658	2,672	2,836	2,749	2,285
Other Intangible Assets	-	-	-	14.19	30.79
Long-Term Deferred Tax Assets	203.78	268.5	367.5	354.38	286.43
Other Long-Term Assets	7,346	6,754	7,436	7,712	8,545
Total Assets	28,920	39,263	48,570	59,097	57,240
Accounts Payable	3,010	4,906	3,461	1,931	2,132
Accrued Expenses	1,483	1,779	1,624	1,706	1,061
Short-Term Debt	1,509	2,367	2,712	1,704	1,488
Current Portion of Long-Term Debt	666.85	2,407	2,512	5,513	3,619
Current Portion of Leases	7.07	12.84	56.35	53.07	39.27
Current Income Taxes Payable	1,340	1,266	975.94	962.59	692.58
Current Unearned Revenue	2,041	8,073	16,671	23,636	21,176
Other Current Liabilities	1,069	678.82	720.52	991.96	641.11
Total Current Liabilities	11,127	21,490	28,733	36,498	30,849
Long-Term Debt	6,108	4,136	5,974	9,235	13,375
Long-Term Leases	10.88	22.18	92.1	140.42	150.11
Long-Term Deferred Tax Liabilities	732.87	732.88	815.27	890.62	936.36
Other Long-Term Liabilities	3.3	3.37	-	-	-
Total Liabilities	17,982	26,384	35,615	46,764	45,310
Common Stock	498.65	498.65	498.65	498.65	498.65
Additional Paid-In Capital	-	3,029	3,029	3,029	3,029
Retained Earnings	-	6,140	6,120	5,599	5,412
Comprehensive Income & Other	8,413	603.37	572.25	350.31	305.06
Total Common Equity	8,912	10,271	10,219	9,477	9,245
Minority Interest	2,026	2,608	2,736	2,856	2,685
Shareholders' Equity	10,938	12,878	12,955	12,333	11,930
Total Liabilities & Equity	28,920	39,263	48,570	59,097	57,240
Total Debt	8,302	8,945	11,346	16,645	18,671
Net Cash (Debt)	-7,847	-7,046	-10,459	-13,481	-13,306
Net Cash Per Share	-1.39	-1.25	-1.86	-2.39	-2.36
Filing Date Shares Outstanding	5,636	5,636	5,636	5,636	5,636
Total Common Shares Outstanding	5,636	5,636	5,636	5,636	5,636
Working Capital	5,432	5,821	6,742	9,142	12,560
Book Value Per Share	1.58	1.82	1.81	1.68	1.64
Tangible Book Value	8,912	10,271	10,219	9,463	9,214
Tangible Book Value Per Share	1.58	1.82	1.81	1.68	1.63
Machinery	-	207.01	232.2	229.76	215.6
Construction In Progress	-	181.46	164.16	124.71	65.83
Leasehold Improvements	-	186.92	171.47	172.41	199.22

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