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	Jun '26 Jun 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	123.76	143.79	15.92	19.95	47.46	88.97
Trading Asset Securities	18.54	4.9	-	-	-	1.96
Cash & Short-Term Investments	142.3	148.69	15.92	19.95	47.46	90.92
Cash Growth	543.87%	834.15%	-20.22%	-57.96%	-47.80%	-49.92%
Accounts Receivable	84.98	230.75	68.28	24.19	35.41	30.62
Other Receivables	4.43	34.63	4.75	9.28	21.66	34.86
Receivables	89.41	265.39	73.03	33.47	57.07	65.48
Inventory	339.15	331.27	105.68	147.22	183.01	198.96
Prepaid Expenses	0.01	1.99	0.69	0.47	0.68	1.65
Other Current Assets	73.36	59.44	31.95	13.46	17.17	19.04
Total Current Assets	644.23	806.78	227.26	214.57	305.39	376.05
Property, Plant & Equipment	342.92	376.88	176.94	207.42	314.52	329.47
Long-Term Investments	43.98	47.33	54.79	57.33	33.54	22.27
Other Intangible Assets	51.94	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	14.64	12.16	23.45	21.13	34.87	21.39
Long-Term Deferred Charges	3.56	5.79	16.97	32.15	41.13	35.68
Other Long-Term Assets	-	-	55.35	61.41	8.1	8.39
Total Assets	1,101	1,302	587.99	650	791.56	853.61

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	44.85	277.26	44.42	35.08	40.02	43.89
Accrued Expenses	15.32	32.55	21.07	15.48	22.49	23.32
Short-Term Debt	469.48	312.61	114.07	80.07	45.02	15.02
Current Portion of Long-Term Debt	30.05	30.34	-	-	-	-
Current Portion of Leases	1.42	4.19	9.64	11.46	16.1	11.67
Current Income Taxes Payable	0.89	0.91	0.93	-	0	0
Current Unearned Revenue	26.48	37.99	27.32	29.14	32.69	40.21
Other Current Liabilities	107.77	154.71	62.34	36.4	38.58	18.76
Total Current Liabilities	696.26	850.57	279.79	207.63	194.89	152.87
Long-Term Debt	155.43	151.86	-	-	-	-
Long-Term Leases	12.94	37.7	63.45	72.84	92.43	90.13
Long-Term Unearned Revenue	2.92	3.4	4.45	5.42	6.44	7.59
Long-Term Deferred Tax Liabilities	6.36	3.1	0.32	0.68	1.07	1.5
Other Long-Term Liabilities	0.17	0.39	0.27	0.89	2.09	3.61
Total Liabilities	874.07	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	Jun '26 Jun 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	-413.43	-396.08	-336.75	-214.27	-85.08	4.47
Treasury Stock	-8.87	-8.87	-6.5	-6.5	-6.5	-2.28
Total Common Equity	199.01	215.81	254.2	376.68	505.87	599.39
Minority Interest	28.19	39.04	-14.49	-14.15	-11.25	-1.49
Shareholders' Equity	227.2	254.85	239.71	362.53	494.63	597.9
Total Liabilities & Equity	1,101	1,302	587.99	650	791.56	853.61

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	669.31	536.7	187.16	164.38	153.55	116.82
Net Cash (Debt)	-527.01	-388.01	-171.25	-144.43	-106.09	-25.89
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.92	-1.50	-0.66	-0.55	-0.40	-0.10
Filing Date Shares Outstanding	296.67	246.49	261.47	261.47	261.47	296.1
Total Common Shares Outstanding	296.67	246.49	261.47	261.47	261.47	296.1
Working Capital	-52.03	-43.79	-52.53	6.94	110.5	223.18
Book Value Per Share	0.67	0.88	0.97	1.44	1.93	2.02
Tangible Book Value	147.07	162.87	223.02	322.28	452.3	540.22
Tangible Book Value Per Share	0.50	0.66	0.85	1.23	1.73	1.82
Buildings	309.87	309.85	174.54	176.27	176.27	176.27
Machinery	222.52	221.43	111.87	157.52	162.66	159.89
Construction In Progress	9.7	2.5	0.26	-	69.66	74.4