ZG 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
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
Cash & Equivalents	410.83	240.16	310.9	436.21	364.67
Short-Term Investments	189.63	114.35	69.41	677.49	431.42
Trading Asset Securities	-	-	-	-	37.2
Cash & Short-Term Investments	600.46	354.51	380.32	1,114	833.29
Cash Growth	57.88%	-6.78%	-65.85%	33.65%	-
Receivables	425.09	273.49	347.16	364.28	339.04
Inventory	15.3	20.08	10.03	142.15	196.71
Prepaid Expenses	29.58	8,423	9,808	6,505	5,929
Restricted Cash	537.07	506.7	712.29	1,058	38.15
Other Current Assets	8,773	-	0.03	-	0.35
Total Current Assets	10,380	9,578	11,257	9,183	7,337
Property, Plant & Equipment	241.39	243.57	228.74	240.28	253.42
Long-Term Investments	78.47	77.7	91.16	66.85	73.4
Goodwill	31.95	31.95	31.95	31.95	31.95
Other Intangible Assets	111.17	110.23	114.19	120.13	126.04
Long-Term Deferred Tax Assets	-	-	0.29	0.29	0.29
Other Long-Term Assets	6.44	7.45	41	39.56	5.63
Total Assets	10,850	10,049	11,765	9,682	7,828
Accounts Payable	672.49	583.97	721.06	1,571	5,776
Accrued Expenses	62.72	67.01	85.33	124.65	-
Short-Term Debt	-	-	-	13.93	-
Current Portion of Long-Term Debt	591.47	7,228	7,399	7,625	7,718
Current Portion of Leases	5.39	7.99	3	2.88	2.41
Current Income Taxes Payable	11.8	3.94	2.31	30.52	-
Current Unearned Revenue	8,680	8,584	9,894	6,531	181.98
Other Current Liabilities	49.15	10.24	1.62	27.08	1.1
Total Current Liabilities	10,073	16,485	18,107	15,927	13,679
Long-Term Debt	27.89	27.76	53.61	24.15	59.52
Long-Term Leases	7.05	7.11	1.27	2.48	4.1
Long-Term Unearned Revenue	9.39	10.96	16.9	18.52	12.4
Long-Term Deferred Tax Liabilities	23.71	23.98	24.53	23.83	25.13
Other Long-Term Liabilities	-	-	-	-	10.59
Total Liabilities	10,141	16,555	18,203	15,996	13,790
Common Stock	0.38	0.07	0.07	0.05	0.05
Additional Paid-In Capital	-	343.95	343.95	-	-
Retained Earnings	-	-6,331	-6,262	-5,794	-5,435
Comprehensive Income & Other	665.28	-562.44	-562.78	-563.85	-578.41
Total Common Equity	665.65	-6,549	-6,481	-6,357	-6,013
Minority Interest	43.01	42.99	42.65	43.39	50.63
Shareholders' Equity	708.66	-6,506	-6,438	-6,314	-5,963
Total Liabilities & Equity	10,850	10,049	11,765	9,682	7,828
Total Debt	631.8	7,271	7,457	7,669	7,784
Net Cash (Debt)	-31.34	-6,917	-7,077	-6,555	-6,950
Net Cash Per Share	-0.07	-31.73	-39.40	-39.05	-41.40
Filing Date Shares Outstanding	1,071	1,071	218.01	167.86	167.86
Total Common Shares Outstanding	1,071	218.01	218.01	167.86	167.86
Working Capital	307.28	-6,907	-6,849	-6,744	-6,342
Book Value Per Share	0.62	-30.04	-29.73	-37.87	-35.82
Tangible Book Value	522.53	-6,692	-6,627	-6,510	-6,171
Tangible Book Value Per Share	0.49	-30.69	-30.40	-38.78	-36.76
Buildings	-	215.03	215.03	215.03	215.03
Machinery	-	45.33	38.15	49.9	51.16

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