A-Zenith Home Furnishings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	78.51	143.79	15.92	19.95	47.46	88.97
Trading Asset Securities	24.53	4.9	-	-	-	1.96
Cash & Short-Term Investments	103.03	148.69	15.92	19.95	47.46	90.92
Cash Growth	238.83%	834.15%	-20.22%	-57.96%	-47.80%	-49.92%
Accounts Receivable	77.48	230.75	68.28	24.19	35.41	30.62
Other Receivables	8.35	34.63	4.75	9.28	21.66	34.86
Receivables	85.82	265.39	73.03	33.47	57.07	65.48
Inventory	352.13	331.27	105.68	147.22	183.01	198.96
Prepaid Expenses	-	1.99	0.69	0.47	0.68	1.65
Other Current Assets	72.96	59.44	31.95	13.46	17.17	19.04
Total Current Assets	613.95	806.78	227.26	214.57	305.39	376.05
Property, Plant & Equipment	339.63	376.88	176.94	207.42	314.52	329.47
Long-Term Investments	44.02	47.33	54.79	57.33	33.54	22.27
Other Intangible Assets	51.44	52.94	31.18	54.4	53.57	59.18
Long-Term Accounts Receivable	-	-	2.06	1.59	0.44	1.18
Long-Term Deferred Tax Assets	15.71	12.16	23.45	21.13	34.87	21.39
Long-Term Deferred Charges	5.45	5.79	16.97	32.15	41.13	35.68
Other Long-Term Assets	-	-	55.35	61.41	8.1	8.39
Total Assets	1,070	1,302	587.99	650	791.56	853.61

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	45.06	277.26	44.42	35.08	40.02	43.89
Accrued Expenses	5.93	32.55	21.07	15.48	22.49	23.32
Short-Term Debt	347.54	312.61	114.07	80.07	45.02	15.02
Current Portion of Long-Term Debt	31.46	30.34	-	-	-	-
Current Portion of Leases	-	4.19	9.64	11.46	16.1	11.67
Current Income Taxes Payable	6.01	0.91	0.93	-	0	0
Current Unearned Revenue	36.92	37.99	27.32	29.14	32.69	40.21
Other Current Liabilities	193.48	154.71	62.34	36.4	38.58	18.76
Total Current Liabilities	666.4	850.57	279.79	207.63	194.89	152.87
Long-Term Debt	156.59	151.86	-	-	-	-
Long-Term Leases	13.04	37.7	63.45	72.84	92.43	90.13
Long-Term Unearned Revenue	2.48	3.4	4.45	5.42	6.44	7.59
Long-Term Deferred Tax Liabilities	7.73	3.1	0.32	0.68	1.07	1.5
Other Long-Term Liabilities	0.04	0.39	0.27	0.89	2.09	3.61
Total Liabilities	846.27	1,047	348.28	287.47	296.93	255.7

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	262.75	262.75	262.75	262.75	262.75	262.75
Additional Paid-In Capital	358.55	358.01	334.7	334.7	334.7	334.45
Retained Earnings	-423.78	-396.08	-336.75	-214.27	-85.08	4.47
Treasury Stock	-	-8.87	-6.5	-6.5	-6.5	-2.28
Total Common Equity	197.53	215.81	254.2	376.68	505.87	599.39
Minority Interest	26.42	39.04	-14.49	-14.15	-11.25	-1.49
Shareholders' Equity	223.94	254.85	239.71	362.53	494.63	597.9
Total Liabilities & Equity	1,070	1,302	587.99	650	791.56	853.61

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	548.63	536.7	187.16	164.38	153.55	116.82
Net Cash (Debt)	-445.59	-388.01	-171.25	-144.43	-106.09	-25.89
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.64	-1.50	-0.66	-0.55	-0.40	-0.10
Filing Date Shares Outstanding	261.52	246.49	261.47	261.47	261.47	296.1
Total Common Shares Outstanding	261.52	246.49	261.47	261.47	261.47	296.1
Working Capital	-52.45	-43.79	-52.53	6.94	110.5	223.18
Book Value Per Share	0.76	0.88	0.97	1.44	1.93	2.02
Tangible Book Value	146.08	162.87	223.02	322.28	452.3	540.22
Tangible Book Value Per Share	0.56	0.66	0.85	1.23	1.73	1.82
Buildings	-	309.85	174.54	176.27	176.27	176.27
Machinery	-	221.43	111.87	157.52	162.66	159.89
Construction In Progress	-	2.5	0.26	-	69.66	74.4