Zhong Ao Home Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	480.88	545.16	531.58	446.05	436.46	495.77
Trading Asset Securities	-	-	2.96	7.68	14.08	15.01
Cash & Short-Term Investments	480.88	545.16	534.54	453.73	450.54	510.78
Cash Growth	-2.20%	1.98%	17.81%	0.71%	-11.79%	10.91%
Accounts Receivable	645.97	505.86	538.33	496.16	410.51	374.2
Other Receivables	-	71.24	123.96	141.47	268.71	108.45
Receivables	645.97	577.1	662.3	637.63	679.22	482.65
Inventory	1.86	9.07	6.25	5.59	50.26	11.82
Other Current Assets	247.73	177.55	193.06	173.14	232.28	195.12
Total Current Assets	1,376	1,309	1,396	1,270	1,412	1,200
Property, Plant & Equipment	100.09	108.31	122.53	128.11	149.99	144.92
Long-Term Investments	9.57	11.82	14.04	13.09	11.44	9.02
Goodwill	225.28	225.28	225.28	225.28	302.64	379.98
Other Intangible Assets	27.72	32.2	41.63	50.92	59.96	75.6
Long-Term Deferred Tax Assets	77.21	77.09	76.86	60.08	56.51	50.4
Other Long-Term Assets	172.82	176.61	190.75	209.55	194.65	209.24
Total Assets	1,989	1,940	2,067	1,957	2,187	2,070
Accounts Payable	82.13	96.73	110.17	100.78	96.39	72.36
Accrued Expenses	190.73	-	-	186.37	-	227.54
Short-Term Debt	40	45.92	48.99	48.99	39.95	33
Current Portion of Long-Term Debt	-	-	-	-	1.15	20.95
Current Portion of Leases	1.52	1.52	8.08	10.53	9.94	30.03
Current Income Taxes Payable	121.75	119.17	127.48	108.05	126.79	108.59
Current Unearned Revenue	82.73	-	-	135.69	-	123.36
Other Current Liabilities	296.66	539.66	702.73	349.43	832.1	485.34
Total Current Liabilities	815.53	803.01	997.45	939.84	1,106	1,101
Long-Term Debt	-	-	-	-	14.86	25.32
Long-Term Leases	5.32	5.43	4.19	1.83	2.88	8.19
Long-Term Unearned Revenue	-	-	-	-	57.95	-
Long-Term Deferred Tax Liabilities	34.38	33.89	32.91	28.53	22.37	24.84
Other Long-Term Liabilities	-	-	-	-	-	18.59
Total Liabilities	855.23	842.33	1,035	970.19	1,204	1,178
Common Stock	7.08	7.08	7.08	7.08	7.08	7.08
Additional Paid-In Capital	345.47	365.11	384.68	403.99	421.86	443.19
Retained Earnings	790.1	737.17	648.28	568.22	491.31	365.15
Comprehensive Income & Other	-69.71	-69.71	-69.71	-62.7	-21	-1.1
Total Common Equity	1,073	1,040	970.33	916.59	899.26	814.33
Minority Interest	60.96	58.21	62.38	70.34	83.85	77.1
Shareholders' Equity	1,134	1,098	1,033	986.93	983.11	891.43
Total Liabilities & Equity	1,989	1,940	2,067	1,957	2,187	2,070
Total Debt	46.84	52.87	61.26	61.34	68.78	117.5
Net Cash (Debt)	434.04	492.29	473.29	392.39	381.76	393.28
Net Cash Growth	0.91%	4.01%	20.62%	2.78%	-2.93%	39.11%
Net Cash Per Share	0.51	0.58	0.55	0.46	0.45	0.47
Filing Date Shares Outstanding	854.55	854.55	854.55	854.55	854.55	854.55
Total Common Shares Outstanding	854.55	854.55	854.55	854.55	854.55	854.55
Working Capital	560.91	505.87	398.71	330.24	305.97	99.21
Book Value Per Share	1.26	1.22	1.14	1.07	1.05	0.95
Tangible Book Value	819.94	782.17	703.41	640.39	536.65	358.74
Tangible Book Value Per Share	0.96	0.92	0.82	0.75	0.63	0.42
Buildings	-	70.35	66.14	64.55	78.4	72.38
Machinery	-	114.11	116.41	113.64	113.49	84.87
Leasehold Improvements	-	67.4	53.24	37.48	28.66	26.21

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