Zhenro Services 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	540.55	572.21	579.15	691.63	741.53
Short-Term Investments	-	10.65	9.82	29.47	15.42
Cash & Short-Term Investments	540.55	582.86	588.97	721.1	756.95
Cash Growth	-7.26%	-1.04%	-18.32%	-4.74%	-48.19%
Accounts Receivable	387	416.93	355.19	428.55	644.65
Other Receivables	-	13.09	15.21	31.65	3.35
Receivables	387	430.02	370.4	460.2	648
Prepaid Expenses	-	35.9	40.11	27.29	-
Other Current Assets	97.65	38.08	42.92	39.42	37.6
Total Current Assets	1,025	1,087	1,042	1,248	1,443
Property, Plant & Equipment	17.94	132.99	7.48	74.9	160.65
Long-Term Investments	0.56	0.77	1.07	1.18	0.98
Goodwill	203.29	323	537.78	537.78	766.63
Other Intangible Assets	26.56	30.58	37.45	44.7	52.13
Long-Term Accounts Receivable	8.06	8.92	-	-	53.72
Long-Term Deferred Tax Assets	62.26	61.94	55.95	53.38	20.32
Other Long-Term Assets	195	129.44	164.6	21.6	21.6
Total Assets	1,539	1,774	1,847	1,982	2,519
Accounts Payable	191.95	136.4	167.87	151.32	204.51
Accrued Expenses	-	98.67	107.51	93.68	136.12
Short-Term Debt	39.55	50.61	58	68.77	77.04
Current Portion of Long-Term Debt	3.02	6.04	6.04	16.25	10.5
Current Portion of Leases	41.67	81.45	3.12	69.41	70.6
Current Income Taxes Payable	102.12	99.85	65.84	40.57	37.37
Current Unearned Revenue	-	160.99	173.78	199.3	207.6
Other Current Liabilities	441.57	155.59	146.41	125.18	136.41
Total Current Liabilities	819.88	789.6	728.57	764.47	880.15
Long-Term Debt	-	3.02	9.06	15.1	30.56
Long-Term Leases	88.39	118.69	0.9	2.98	79.81
Long-Term Deferred Tax Liabilities	6.61	10.95	12.28	18.6	44.58
Other Long-Term Liabilities	11.59	7.97	7.36	11.11	10.18
Total Liabilities	926.48	930.23	758.18	812.26	1,045
Common Stock	7.87	7.87	7.87	7.87	7.87
Additional Paid-In Capital	-	1,062	1,062	1,062	1,062
Retained Earnings	-	-102.74	133.18	214.37	495.69
Comprehensive Income & Other	603.37	-124.97	-120.18	-120.15	-113.98
Total Common Equity	611.23	841.72	1,082	1,164	1,451
Minority Interest	1.16	2.54	6.11	5.65	22.16
Shareholders' Equity	612.39	844.26	1,089	1,169	1,473
Total Liabilities & Equity	1,539	1,774	1,847	1,982	2,519
Total Debt	172.63	259.81	77.12	172.51	268.5
Net Cash (Debt)	367.92	323.06	511.85	548.6	488.44
Net Cash Growth	13.89%	-36.88%	-6.70%	12.31%	-65.67%
Net Cash Per Share	0.35	0.31	0.49	0.53	0.47
Filing Date Shares Outstanding	1,038	1,038	1,038	1,038	1,038
Total Common Shares Outstanding	1,038	1,038	1,038	1,038	1,038
Working Capital	205.31	297.26	313.82	483.54	562.39
Book Value Per Share	0.59	0.81	1.04	1.12	1.40
Tangible Book Value	381.38	488.14	507.21	581.17	632.39
Tangible Book Value Per Share	0.37	0.47	0.49	0.56	0.61
Machinery	-	18.22	17.28	16.47	14.62
Leasehold Improvements	-	18.38	9.09	8.3	7.16

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