Zhenro Properties 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	688.05	1,215	1,717	3,270	14,727
Short-Term Investments	234.37	969.8	1,303	2,705	3,793
Trading Asset Securities	-	-	2.7	282.47	483.67
Cash & Short-Term Investments	922.43	2,185	3,023	6,257	19,004
Cash Growth	-57.78%	-27.71%	-51.70%	-67.07%	-59.54%
Accounts Receivable	276.76	262.67	574.28	747.86	768.41
Other Receivables	20,974	27,494	30,152	32,870	36,663
Receivables	21,251	27,757	30,727	33,618	37,431
Inventory	46,609	62,857	94,231	123,269	142,628
Prepaid Expenses	28.97	8.39	25.41	57.6	207.8
Restricted Cash	1,645	1,905	3,187	5,893	24,393
Other Current Assets	1,201	1,858	3,392	4,419	3,147
Total Current Assets	71,657	96,570	134,585	173,512	226,811
Property, Plant & Equipment	690.15	744.33	1,492	1,548	1,623
Long-Term Investments	7,492	8,615	8,526	9,807	13,096
Other Intangible Assets	0	0.02	0.03	0.05	4.03
Long-Term Deferred Tax Assets	-	19.2	578.26	971.75	2,446
Other Long-Term Assets	6,269	7,434	8,007	8,627	9,862
Total Assets	86,109	113,382	153,188	194,466	253,842
Accounts Payable	14,028	16,537	17,928	15,810	20,622
Accrued Expenses	16,159	10,071	6,758	4,129	2,735
Short-Term Debt	5,971	5,242	5,314	5,265	8,821
Current Portion of Long-Term Debt	51,170	50,705	49,816	52,220	26,583
Current Portion of Leases	-	1.54	14.03	29.29	47.44
Current Income Taxes Payable	3,038	2,803	2,989	3,242	3,313
Current Unearned Revenue	6,709	13,911	45,549	77,053	91,464
Other Current Liabilities	9,210	10,166	11,030	12,604	17,949
Total Current Liabilities	106,284	109,438	139,398	170,352	171,534
Long-Term Debt	2,479	5,940	7,260	6,125	39,709
Long-Term Leases	-	4.87	10.29	12.83	68.11
Long-Term Deferred Tax Liabilities	96.66	279.29	367.88	496.71	681.53
Other Long-Term Liabilities	-	-	-	-	907.11
Total Liabilities	108,860	115,662	147,036	176,987	212,899
Common Stock	0.28	0.28	0.28	0.28	0.28
Additional Paid-In Capital	3,696	3,696	3,696	3,696	3,696
Retained Earnings	-35,142	-17,702	-10,872	-2,404	10,473
Comprehensive Income & Other	3,044	2,798	3,286	3,466	5,184
Total Common Equity	-28,401	-11,207	-3,889	4,759	19,354
Minority Interest	5,651	8,928	10,040	12,721	21,588
Shareholders' Equity	-22,750	-2,280	6,152	17,480	40,943
Total Liabilities & Equity	86,109	113,382	153,188	194,466	253,842
Total Debt	59,619	61,894	62,414	63,652	75,228
Net Cash (Debt)	-58,697	-59,708	-59,392	-57,395	-56,224
Net Cash Per Share	-13.44	-13.67	-13.60	-13.14	-12.87
Filing Date Shares Outstanding	4,368	4,368	4,368	4,368	4,368
Total Common Shares Outstanding	4,368	4,368	4,368	4,368	4,368
Working Capital	-34,627	-12,868	-4,813	3,160	55,277
Book Value Per Share	-6.50	-2.57	-0.89	1.09	4.43
Tangible Book Value	-28,401	-11,207	-3,889	4,759	19,350
Tangible Book Value Per Share	-6.50	-2.57	-0.89	1.09	4.43
Buildings	516.38	514.11	514.11	525.33	525.33
Machinery	91.27	95.85	95.98	101.97	149.91
Construction In Progress	127.54	127.54	827.74	827.74	746.99
Leasehold Improvements	16.27	16.27	16.27	16.18	128.61

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