Zheshang Securities Co., Ltd. (SHA:601878)

Zheshang Securities Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	9,868	7,759	8,333	9,110	7,316	3,839
Short-Term Investments	59,412	39,597	38,841	40,146	34,039	26,446
Trading Asset Securities	47,290	36,593	43,197	44,999	46,422	29,927
Accounts Receivable	38,936	24,576	20,233	17,862	19,713	15,216
Other Receivables	-	2	1.63	87.92	28.46	-
Property, Plant & Equipment	1,474	1,255	1,329	1,341	1,378	895.09
Goodwill	682.01	19.85	19.85	19.85	19.85	19.85
Other Intangible Assets	502.28	255.5	267.29	242.29	225.04	123.9
Investments in Debt & Equity Securities	20,745	14,149	8,167	820.94	-	-
Other Current Assets	27,836	19,485	18,374	18,380	15,019	10,560
Long-Term Deferred Tax Assets	968.09	484.9	556.13	560.88	501.91	508.28
Other Long-Term Assets	11,335	8,569	4,806	2,684	127.6	3,555
Total Assets	219,048	154,086	145,528	136,961	125,251	91,090
Accounts Payable	-	587.73	704.54	201.76	578.22	109.02
Accrued Expenses	46,892	31,401	21,670	22,124	21,405	16,676
Short-Term Debt	54,233	33,118	30,014	31,514	37,746	18,794
Current Portion of Long-Term Debt	-	2,073	2,005	4,389	3,562	6,099
Current Portion of Leases	-	146.35	147.16	119.68	105.7	-
Other Current Liabilities	539.96	839.13	539.29	1,279	4,365	2,911
Long-Term Debt	31,432	22,349	25,556	14,666	11,536	10,045
Long-Term Leases	421.57	245.44	326.77	324.35	360.22	-
Long-Term Unearned Revenue	67.49	123.58	104	161.38	204.21	79.23
Long-Term Deferred Tax Liabilities	330.23	267.19	76.63	214.2	225.68	146.62
Other Long-Term Liabilities	37,241	25,884	35,686	34,318	20,725	15,894
Total Liabilities	172,054	117,561	117,256	109,653	101,414	71,741
Common Stock	4,574	4,574	3,878	3,878	3,878	3,614
Additional Paid-In Capital	-	17,116	10,471	10,471	9,874	7,337
Retained Earnings	15,100	13,505	12,338	11,084	10,089	8,397
Comprehensive Income & Other	17,283	403.2	734.4	692.46	-3.86	1.1
Total Common Equity	36,552	35,193	27,016	26,125	23,837	19,349
Minority Interest	10,443	1,332	1,255	1,183	-	-
Shareholders' Equity	46,994	36,524	28,271	27,309	23,837	19,349
Total Liabilities & Equity	219,048	154,086	145,528	136,961	125,251	91,090
Total Debt	86,087	57,932	58,049	51,014	53,311	34,938
Net Cash (Debt)	30,483	26,016	32,321	43,241	34,466	25,275
Net Cash Growth	-7.04%	-19.51%	-25.25%	25.46%	36.37%	29.43%
Net Cash Per Share	6.75	6.19	7.74	10.72	9.10	7.30
Filing Date Shares Outstanding	4,535	4,535	4,162	3,878	3,878	3,614
Total Common Shares Outstanding	4,535	4,535	4,162	3,878	3,878	3,614
Working Capital	80,780	60,620	74,835	71,287	54,651	40,469
Book Value Per Share	8.06	7.76	6.33	6.56	6.15	5.35
Tangible Book Value	35,367	34,917	26,729	25,863	23,592	19,205
Tangible Book Value Per Share	7.80	7.70	6.26	6.49	6.08	5.31

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