Shanghai DZH 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	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,123	1,133	1,635	1,515	1,616	1,107
Short-Term Investments	-	-	-	-	21.84	279.32
Trading Asset Securities	35.63	153.45	3.59	18.29	18.16	22.85
Cash & Short-Term Investments	1,159	1,287	1,638	1,534	1,656	1,409
Cash Growth	-13.55%	-21.47%	6.82%	-7.40%	17.53%	3.79%
Accounts Receivable	84.36	97.71	84.82	85.43	68.2	67.2
Other Receivables	29.78	30.28	23.5	21.6	21.53	18.02
Receivables	114.15	127.99	108.32	107.03	89.73	85.23
Inventory	0.08	0.37	0.03	3.38	0.16	0.12
Prepaid Expenses	-	3.16	1.48	0.5	0.49	0.48
Other Current Assets	37.9	25.5	23.4	31.06	20.08	11.71
Total Current Assets	1,311	1,444	1,772	1,676	1,767	1,507
Property, Plant & Equipment	49.44	73.21	93.6	117.64	124.3	23.41
Long-Term Investments	10.81	10.81	0.73	21.72	1.96	1.78
Goodwill	297.08	297.7	296.76	342.54	292.58	293.71
Other Intangible Assets	15.03	16.36	17.5	57.51	10.54	10.29
Long-Term Deferred Tax Assets	0.28	0.3	10.64	15.54	-	-
Long-Term Deferred Charges	1.55	3.16	4.65	6.95	6.33	2.96
Other Long-Term Assets	87.21	94.87	105.47	114.49	125.7	136.61
Total Assets	1,772	1,940	2,301	2,352	2,328	1,976
Accounts Payable	164.31	-	-	1.79	-	-
Accrued Expenses	6.79	236.64	247.91	256.32	245.82	228.47
Current Portion of Leases	17.47	27.14	29.85	31.06	24.91	-
Current Income Taxes Payable	11.79	-	-	2.71	3.45	4.95
Current Unearned Revenue	184.02	203.58	192.19	194.34	201.43	191.05
Other Current Liabilities	12.69	8.64	74.38	145.89	186.73	12.61
Total Current Liabilities	397.07	476	544.33	632.11	662.34	437.09
Long-Term Leases	2.99	12.92	28.7	56.2	71.44	-
Long-Term Unearned Revenue	7.26	9.53	16.37	17.3	16.82	19.55
Long-Term Deferred Tax Liabilities	8.64	9.55	20.81	26.74	1.17	1.42
Other Long-Term Liabilities	0.01	0.01	4.22	-	-	0.61
Total Liabilities	415.96	508	614.44	732.36	751.76	458.67
Common Stock	1,989	2,004	2,019	2,036	2,028	1,988
Additional Paid-In Capital	1,147	1,238	1,293	1,371	1,331	1,145
Retained Earnings	-1,842	-1,812	-1,611	-1,713	-1,625	-1,640
Treasury Stock	-	-57.25	-62.84	-129.22	-166.96	-
Comprehensive Income & Other	61.25	60.66	55.58	48.25	9.1	24.34
Total Common Equity	1,356	1,433	1,695	1,612	1,576	1,517
Minority Interest	0.05	-1.21	-8.09	7.2	-	-
Shareholders' Equity	1,356	1,432	1,686	1,620	1,576	1,517
Total Liabilities & Equity	1,772	1,940	2,301	2,352	2,328	1,976
Total Debt	20.46	40.06	58.55	87.27	96.35	-
Net Cash (Debt)	1,138	1,247	1,580	1,446	1,560	1,409
Net Cash Growth	-2.38%	-21.09%	9.22%	-7.28%	10.70%	3.79%
Net Cash Per Share	0.57	0.62	0.79	0.72	0.78	0.70
Filing Date Shares Outstanding	1,989	2,004	2,019	2,036	2,036	1,988
Total Common Shares Outstanding	1,989	2,004	2,019	2,036	2,028	1,988
Working Capital	913.64	967.62	1,227	1,044	1,104	1,070
Book Value Per Share	0.68	0.72	0.84	0.79	0.78	0.76
Tangible Book Value	1,044	1,119	1,380	1,212	1,273	1,213
Tangible Book Value Per Share	0.52	0.56	0.68	0.60	0.63	0.61
Machinery	-	145.39	144.15	131.42	119.59	108.45
Construction In Progress	-	-	0.28	0.17	0.17	1.5

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.