Zibuyu 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	541.8	446.83	277.48	294.54	80.86
Short-Term Investments	16.37	0.89	1.4	1.71	0.8
Cash & Short-Term Investments	558.17	447.72	278.88	296.24	81.66
Cash Growth	24.67%	60.54%	-5.86%	262.78%	-
Accounts Receivable	156.62	200.49	144.5	187.53	178.58
Other Receivables	5.38	1.8	6.89	1.23	1.55
Receivables	162	202.29	151.39	188.76	180.13
Inventory	648.79	374.49	399.45	754.67	664.32
Restricted Cash	0.56	1.33	2.42	8.37	1.26
Other Current Assets	17.42	10.82	6.94	5.46	27.44
Total Current Assets	1,387	1,037	839.07	1,254	954.81
Property, Plant & Equipment	35.67	33.15	43.81	84.9	49.33
Long-Term Investments	5.03	5.03	4.96	-	-
Other Intangible Assets	4.5	1.14	2.28	2.79	0.7
Long-Term Deferred Tax Assets	17.88	-	-	14.5	11.45
Other Long-Term Assets	3.2	3.62	3.29	5.02	3.39
Total Assets	1,453	1,080	893.41	1,361	1,020
Accounts Payable	150.12	116.64	85.96	150.9	117.75
Accrued Expenses	151.98	121.61	61.16	74.15	65.47
Short-Term Debt	-	-	-	-	106.09
Current Portion of Long-Term Debt	185.91	130	161.99	167.8	209.94
Current Portion of Leases	17.28	15.98	21.01	28.14	14.51
Current Income Taxes Payable	16.34	0.28	2.15	25.21	28.87
Current Unearned Revenue	4.94	4.76	7.8	9.93	29.65
Other Current Liabilities	87.71	79.88	59.22	73.61	48.78
Total Current Liabilities	614.29	469.14	399.29	529.73	621.06
Long-Term Debt	-	-	-	-	0.3
Long-Term Leases	11.82	8.06	10.38	43.66	25.34
Long-Term Deferred Tax Liabilities	6.68	2.12	-	-	-
Total Liabilities	632.78	479.32	409.67	573.39	646.7
Common Stock	0.17	0.17	0.17	0.17	0.14
Additional Paid-In Capital	1,528	1,582	1,582	1,603	1,300
Retained Earnings	644.13	374.91	224.13	489.92	379.23
Comprehensive Income & Other	-1,352	-1,356	-1,322	-1,306	-1,306
Shareholders' Equity	820.43	600.27	483.74	787.32	372.98
Total Liabilities & Equity	1,453	1,080	893.41	1,361	1,020
Total Debt	215.01	154.04	193.38	239.6	356.17
Net Cash (Debt)	343.16	293.68	85.5	56.65	-274.51
Net Cash Growth	16.85%	243.48%	50.93%	-	-
Net Cash Per Share	0.71	0.60	0.17	0.12	-0.60
Filing Date Shares Outstanding	500	500	500	500	515.9
Total Common Shares Outstanding	500	500	500	500	515.9
Working Capital	772.65	567.51	439.78	723.78	333.75
Book Value Per Share	1.64	1.20	0.97	1.57	0.72
Tangible Book Value	815.93	599.14	481.46	784.53	372.28
Tangible Book Value Per Share	1.63	1.20	0.96	1.57	0.72
Machinery	12.87	13.55	14.79	18.32	14.33
Leasehold Improvements	6.44	6.14	5.44	6.08	1.77

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