A-Zenith Home Furnishings 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	30.41	15.92	19.95	47.46	88.97	141.44
Trading Asset Securities	-	-	-	-	1.96	40.11
Cash & Short-Term Investments	30.41	15.92	19.95	47.46	90.92	181.55
Cash Growth	236.60%	-20.22%	-57.96%	-47.80%	-49.92%	38.36%
Accounts Receivable	100.24	68.28	24.19	35.41	30.62	31.37
Other Receivables	6.91	4.75	9.28	21.66	34.86	40.17
Receivables	107.15	73.03	33.47	57.07	65.48	71.55
Inventory	348.25	106.72	147.22	183.01	198.96	187.6
Prepaid Expenses	-	0.69	0.47	0.68	1.65	4.69
Other Current Assets	83.67	31.95	13.46	17.17	19.04	9.45
Total Current Assets	569.48	228.3	214.57	305.39	376.05	454.84
Property, Plant & Equipment	400.15	174.58	207.42	314.52	329.47	247.4
Long-Term Investments	57.17	55.38	57.33	33.54	22.27	9.77
Other Intangible Assets	52.01	31.18	54.4	53.57	59.18	53.98
Long-Term Accounts Receivable	-	2.06	1.59	0.44	1.18	1.16
Long-Term Deferred Tax Assets	33.41	23.45	21.13	34.87	21.39	21.76
Long-Term Deferred Charges	13.18	16.97	32.15	41.13	35.68	42.72
Other Long-Term Assets	56.35	55.35	61.41	8.1	8.39	5
Total Assets	1,182	587.28	650	791.56	853.61	836.62
Accounts Payable	102.87	44.09	35.08	40.02	43.89	56.15
Accrued Expenses	12.92	20.48	15.48	22.49	23.32	20.78
Short-Term Debt	317.66	114.07	80.07	45.02	15.02	19.06
Current Portion of Leases	8.31	8.31	11.46	16.1	11.67	-
Current Income Taxes Payable	2.59	0.93	-	0	0	0
Current Unearned Revenue	49.79	27.32	29.14	32.69	40.21	37.86
Other Current Liabilities	180.41	59.49	36.4	38.58	18.76	16.31
Total Current Liabilities	674.55	274.7	207.63	194.89	152.87	150.15
Long-Term Leases	53.34	62.42	72.84	92.43	90.13	-
Long-Term Unearned Revenue	3.92	4.45	5.42	6.44	7.59	8.55
Long-Term Deferred Tax Liabilities	0.47	0.32	0.68	1.07	1.5	1.17
Other Long-Term Liabilities	0.15	0.27	0.89	2.09	3.61	12.37
Total Liabilities	904.28	342.16	287.47	296.93	255.7	172.23
Common Stock	262.75	262.75	262.75	262.75	262.75	262.75
Additional Paid-In Capital	337.07	334.7	334.7	334.7	334.45	334.45
Retained Earnings	-357.04	-331.23	-214.27	-85.08	4.47	74.52
Treasury Stock	-8.87	-6.5	-6.5	-6.5	-2.28	-
Total Common Equity	233.91	259.72	376.68	505.87	599.39	671.72
Minority Interest	43.55	-14.6	-14.15	-11.25	-1.49	-7.34
Shareholders' Equity	277.46	245.12	362.53	494.63	597.9	664.39
Total Liabilities & Equity	1,182	587.28	650	791.56	853.61	836.62
Total Debt	551.16	184.8	164.38	153.55	116.82	19.06
Net Cash (Debt)	-520.76	-168.88	-144.43	-106.09	-25.89	162.49
Net Cash Growth	-	-	-	-	-	23.84%
Net Cash Per Share	-2.03	-0.65	-0.55	-0.40	-0.10	0.58
Filing Date Shares Outstanding	276.17	261.47	261.47	261.47	296.1	262.75
Total Common Shares Outstanding	276.17	261.47	261.47	261.47	296.1	262.75
Working Capital	-105.07	-46.39	6.94	110.5	223.18	304.69
Book Value Per Share	0.85	0.99	1.44	1.93	2.02	2.56
Tangible Book Value	181.9	228.54	322.28	452.3	540.22	617.75
Tangible Book Value Per Share	0.66	0.87	1.23	1.73	1.82	2.35
Buildings	-	174.54	176.27	176.27	176.27	185.38
Machinery	-	133.26	157.52	162.66	159.89	162.44
Construction In Progress	-	0.26	-	69.66	74.4	67.51

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