ZG 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	349.97	240.16	310.9	436.21	364.67
Short-Term Investments	191.27	114.35	69.41	677.49	431.42
Trading Asset Securities	-	-	-	-	37.2
Cash & Short-Term Investments	541.24	354.51	380.32	1,114	833.29
Cash Growth	52.67%	-6.78%	-65.85%	33.65%	-
Receivables	637.84	273.49	347.16	364.28	339.04
Inventory	12.54	20.08	10.03	142.15	196.71
Prepaid Expenses	-	-	-	6,505	5,929
Restricted Cash	1,148	506.7	712.29	1,058	38.15
Other Current Assets	7,773	8,423	9,808	-	0.35
Total Current Assets	10,112	9,578	11,257	9,183	7,337
Property, Plant & Equipment	368.32	243.57	228.74	240.28	253.42
Long-Term Investments	97.62	77.7	91.16	66.85	73.4
Goodwill	31.95	31.95	31.95	31.95	31.95
Other Intangible Assets	113.61	110.23	114.19	120.13	126.04
Long-Term Deferred Tax Assets	-	-	0.29	0.29	0.29
Other Long-Term Assets	5.29	7.45	41	39.56	5.63
Total Assets	10,729	10,049	11,765	9,682	7,828
Accounts Payable	1,632	583.97	721.06	1,571	5,776
Accrued Expenses	63.43	67.01	85.33	124.65	-
Short-Term Debt	-	-	-	13.93	-
Current Portion of Long-Term Debt	721	7,228	7,399	7,625	7,718
Current Portion of Leases	10.45	7.99	3	2.88	2.41
Current Income Taxes Payable	22.88	3.94	2.31	30.52	-
Current Unearned Revenue	7,539	8,584	9,894	6,531	181.98
Other Current Liabilities	17.07	10.24	1.62	27.08	1.1
Total Current Liabilities	10,006	16,485	18,107	15,927	13,679
Long-Term Debt	26.19	27.76	53.61	24.15	59.52
Long-Term Leases	69.27	7.11	1.27	2.48	4.1
Long-Term Unearned Revenue	8.58	10.96	16.9	18.52	12.4
Long-Term Deferred Tax Liabilities	23.43	23.98	24.53	23.83	25.13
Other Long-Term Liabilities	-	-	-	-	10.59
Total Liabilities	10,133	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	551.15	-562.44	-562.78	-563.85	-578.41
Total Common Equity	551.53	-6,549	-6,481	-6,357	-6,013
Minority Interest	43.82	42.99	42.65	43.39	50.63
Shareholders' Equity	595.35	-6,506	-6,438	-6,314	-5,963
Total Liabilities & Equity	10,729	10,049	11,765	9,682	7,828
Total Debt	826.91	7,271	7,457	7,669	7,784
Net Cash (Debt)	-285.67	-6,917	-7,077	-6,555	-6,950
Net Cash Per Share	-0.31	-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	106.03	-6,907	-6,849	-6,744	-6,342
Book Value Per Share	0.52	-30.04	-29.73	-37.87	-35.82
Tangible Book Value	405.96	-6,692	-6,627	-6,510	-6,171
Tangible Book Value Per Share	0.38	-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.