Zhongsheng Group Holdings 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	15,501	18,748	15,730	11,829	11,184
Short-Term Investments	-	924.26	1,955	500	-
Trading Asset Securities	125.79	124.67	148.55	99.03	160.99
Cash & Short-Term Investments	15,627	19,797	17,834	12,428	11,345
Cash Growth	-21.06%	11.00%	43.50%	9.54%	32.83%
Accounts Receivable	2,969	4,661	4,142	1,803	1,844
Other Receivables	9,699	9,491	8,225	6,504	5,922
Receivables	12,668	14,152	12,367	8,307	7,766
Inventory	17,934	18,477	16,366	15,237	11,192
Other Current Assets	15,071	13,154	11,032	10,861	10,044
Total Current Assets	61,301	65,580	57,599	46,833	40,347
Property, Plant & Equipment	22,928	22,590	23,133	22,267	22,244
Long-Term Investments	219.58	129.48	136.8	61.3	55.69
Goodwill	7,082	8,273	8,364	8,326	8,297
Other Intangible Assets	11,484	12,941	13,382	13,815	14,073
Long-Term Deferred Tax Assets	593.63	548.21	513.35	375.34	236.48
Other Long-Term Assets	115	109.27	140.45	151.6	220.43
Total Assets	103,723	110,171	103,268	91,829	85,474
Accounts Payable	16,538	12,615	11,048	8,208	5,462
Accrued Expenses	23.33	71.11	88.4	112.23	133.23
Short-Term Debt	14,504	16,124	15,515	12,928	14,041
Current Portion of Long-Term Debt	1,436	4,197	357.93	1,750	1,178
Current Portion of Leases	726.43	689.05	609.76	484.08	395.98
Current Income Taxes Payable	2,074	2,153	2,310	2,146	2,448
Current Unearned Revenue	2,674	2,946	2,618	2,520	3,702
Other Current Liabilities	1,186	1,223	982.52	743.17	1,021
Total Current Liabilities	39,162	40,019	33,530	28,892	28,381
Long-Term Debt	13,598	15,074	15,675	11,599	8,866
Long-Term Leases	4,394	4,731	4,598	3,876	4,249
Long-Term Deferred Tax Liabilities	2,874	3,429	3,419	3,398	3,272
Other Long-Term Liabilities	165.96	-	-	-	-
Total Liabilities	60,194	63,253	57,222	47,765	44,768
Common Stock	0.21	0.21	0.21	0.21	0.21
Additional Paid-In Capital	1,628	3,093	4,828	7,704	9,786
Retained Earnings	46,892	48,570	45,374	40,356	33,741
Treasury Stock	-193.65	-193.65	-	-51.74	-
Comprehensive Income & Other	-4,654	-4,640	-4,405	-4,246	-3,283
Total Common Equity	43,672	46,829	45,797	43,761	40,244
Minority Interest	-142.73	88.38	249.28	303.02	462.7
Shareholders' Equity	43,530	46,918	46,047	44,064	40,706
Total Liabilities & Equity	103,723	110,171	103,268	91,829	85,474
Total Debt	34,658	40,815	36,756	30,638	28,730
Net Cash (Debt)	-19,032	-21,019	-18,922	-18,210	-17,385
Net Cash Per Share	-8.04	-8.59	-7.66	-7.23	-7.10
Filing Date Shares Outstanding	2,367	2,367	2,386	2,402	2,415
Total Common Shares Outstanding	2,367	2,367	2,386	2,402	2,415
Working Capital	22,139	25,561	24,069	17,941	11,966
Book Value Per Share	18.45	19.78	19.20	18.22	16.66
Tangible Book Value	25,106	25,616	24,051	21,620	17,874
Tangible Book Value Per Share	10.61	10.82	10.08	9.00	7.40
Buildings	15,557	15,263	15,064	14,661	13,930
Machinery	5,762	5,344	5,946	6,520	5,949
Construction In Progress	596.95	580.72	706.61	895.33	1,028
Leasehold Improvements	4,158	3,491	2,881	2,267	1,830