Shanghai DZH Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,113	1,141	1,133	1,635	1,515	1,616
Short-Term Investments	-	10.53	-	-	-	21.84
Trading Asset Securities	48.4	95.23	153.45	3.59	18.29	18.16
Cash & Short-Term Investments	1,161	1,246	1,287	1,638	1,534	1,656
Cash Growth	-7.32%	-3.13%	-21.47%	6.82%	-7.40%	17.53%
Accounts Receivable	81.17	93.12	97.71	84.82	85.43	68.2
Other Receivables	30.79	39.25	30.28	23.5	21.6	21.53
Receivables	111.96	132.37	127.99	108.32	107.03	89.73
Inventory	0.05	0.03	0.37	0.03	3.38	0.16
Prepaid Expenses	-	0.05	3.16	1.48	0.5	0.49
Other Current Assets	59.46	28.73	25.5	23.4	31.06	20.08
Total Current Assets	1,333	1,407	1,444	1,772	1,676	1,767
Property, Plant & Equipment	78.49	84.3	73.21	93.6	117.64	124.3
Long-Term Investments	0.29	0.32	10.81	0.73	21.72	1.96
Goodwill	295.66	296.62	297.7	296.76	342.54	292.58
Other Intangible Assets	15.66	16.06	16.36	17.5	57.51	10.54
Long-Term Deferred Tax Assets	0.58	0.29	0.3	10.64	15.54	-
Long-Term Deferred Charges	0.95	0.99	3.16	4.65	6.95	6.33
Other Long-Term Assets	82.21	84.75	94.87	105.47	114.49	125.7
Total Assets	1,807	1,891	1,940	2,301	2,352	2,328
Accounts Payable	172.71	-	-	-	1.79	-
Accrued Expenses	9.64	249.5	233.93	247.91	256.32	245.82
Current Portion of Leases	-	11.22	27.14	29.85	31.06	24.91
Current Income Taxes Payable	12.85	2.12	2.71	-	2.71	3.45
Current Unearned Revenue	232.56	225.64	205.97	192.19	194.34	201.43
Other Current Liabilities	12.25	5.52	6.25	74.38	145.89	186.73
Total Current Liabilities	446.72	493.99	476	544.33	632.11	662.34
Long-Term Leases	45.05	41.4	12.92	28.7	56.2	71.44
Long-Term Unearned Revenue	-	7.78	9.53	16.37	17.3	16.82
Long-Term Deferred Tax Liabilities	9.98	10.26	9.55	20.81	26.74	1.17
Other Long-Term Liabilities	7.67	0.97	0.01	4.22	-	-
Total Liabilities	509.41	554.4	508	614.44	732.36	751.76
Common Stock	1,989	1,989	2,004	2,019	2,036	2,028
Additional Paid-In Capital	1,148	1,148	1,238	1,293	1,371	1,331
Retained Earnings	-1,886	-1,856	-1,812	-1,611	-1,713	-1,625
Treasury Stock	-	-	-57.25	-62.84	-129.22	-166.96
Comprehensive Income & Other	45.81	55.58	60.66	55.58	48.25	9.1
Total Common Equity	1,297	1,336	1,433	1,695	1,612	1,576
Minority Interest	0.01	0.13	-1.21	-8.09	7.2	-
Shareholders' Equity	1,297	1,336	1,432	1,686	1,620	1,576
Total Liabilities & Equity	1,807	1,891	1,940	2,301	2,352	2,328
Total Debt	51.75	52.61	40.06	58.55	87.27	96.35
Net Cash (Debt)	1,110	1,194	1,247	1,580	1,446	1,560
Net Cash Growth	-9.03%	-4.24%	-21.09%	9.22%	-7.28%	10.70%
Net Cash Per Share	0.58	0.60	0.62	0.79	0.72	0.78
Filing Date Shares Outstanding	1,972	1,989	2,004	2,019	2,036	2,036
Total Common Shares Outstanding	1,972	1,989	2,004	2,019	2,036	2,028
Working Capital	886.09	913.47	967.62	1,227	1,044	1,104
Book Value Per Share	0.66	0.67	0.72	0.84	0.79	0.78
Tangible Book Value	985.91	1,024	1,119	1,380	1,212	1,273
Tangible Book Value Per Share	0.50	0.51	0.56	0.68	0.60	0.63
Machinery	-	141.39	145.39	144.15	131.42	119.59
Construction In Progress	-	1.34	-	0.28	0.17	0.17

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.