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 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	88.81	143.79	15.92	19.95	47.46	88.97
Trading Asset Securities	4.9	4.9	-	-	-	1.96
Cash & Short-Term Investments	93.71	148.69	15.92	19.95	47.46	90.92
Cash Growth	402.55%	834.15%	-20.22%	-57.96%	-47.80%	-49.92%
Accounts Receivable	158.54	230.75	68.28	24.19	35.41	30.62
Other Receivables	35.56	34.63	4.75	9.28	21.66	34.86
Receivables	194.09	265.39	73.03	33.47	57.07	65.48
Inventory	377.87	331.27	106.72	147.22	183.01	198.96
Prepaid Expenses	-	-	0.69	0.47	0.68	1.65
Other Current Assets	69.95	61.43	31.95	13.46	17.17	19.04
Total Current Assets	735.63	806.78	228.3	214.57	305.39	376.05
Property, Plant & Equipment	370.15	376.88	174.58	207.42	314.52	329.47
Long-Term Investments	46.36	47.33	55.38	57.33	33.54	22.27
Other Intangible Assets	52.46	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	10.84	12.16	23.45	21.13	34.87	21.39
Long-Term Deferred Charges	4.87	5.79	16.97	32.15	41.13	35.68
Other Long-Term Assets	-	-	55.35	61.41	8.1	8.39
Total Assets	1,220	1,302	587.28	650	791.56	853.61
Accounts Payable	74.51	282.25	44.09	35.08	40.02	43.89
Accrued Expenses	14.89	16.61	20.48	15.48	22.49	23.32
Short-Term Debt	326.63	240.26	114.07	80.07	45.02	15.02
Current Portion of Long-Term Debt	35.92	34.54	-	-	-	-
Current Portion of Leases	-	-	8.31	11.46	16.1	11.67
Current Income Taxes Payable	6.09	17.08	0.93	-	0	0
Current Unearned Revenue	65.06	37.52	27.32	29.14	32.69	40.21
Other Current Liabilities	260.7	222.32	59.49	36.4	38.58	18.76
Total Current Liabilities	783.81	850.57	274.7	207.63	194.89	152.87
Long-Term Debt	151.86	151.86	-	-	-	-
Long-Term Leases	36.43	37.7	62.42	72.84	92.43	90.13
Long-Term Unearned Revenue	3.35	3.4	4.45	5.42	6.44	7.59
Long-Term Deferred Tax Liabilities	3.03	3.1	0.32	0.68	1.07	1.5
Other Long-Term Liabilities	0.18	0.39	0.27	0.89	2.09	3.61
Total Liabilities	978.67	1,047	342.16	287.47	296.93	255.7
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	-411.92	-396.08	-331.23	-214.27	-85.08	4.47
Treasury Stock	-8.87	-8.87	-6.5	-6.5	-6.5	-2.28
Total Common Equity	200.52	215.81	259.72	376.68	505.87	599.39
Minority Interest	41.12	39.04	-14.6	-14.15	-11.25	-1.49
Shareholders' Equity	241.63	254.85	245.12	362.53	494.63	597.9
Total Liabilities & Equity	1,220	1,302	587.28	650	791.56	853.61
Total Debt	550.85	464.36	184.8	164.38	153.55	116.82
Net Cash (Debt)	-457.14	-315.66	-168.88	-144.43	-106.09	-25.89
Net Cash Per Share	-1.81	-1.22	-0.65	-0.55	-0.40	-0.10
Filing Date Shares Outstanding	246.42	246.49	261.47	261.47	261.47	296.1
Total Common Shares Outstanding	246.42	246.49	261.47	261.47	261.47	296.1
Working Capital	-48.18	-43.79	-46.39	6.94	110.5	223.18
Book Value Per Share	0.81	0.88	0.99	1.44	1.93	2.02
Tangible Book Value	148.06	162.87	228.54	322.28	452.3	540.22
Tangible Book Value Per Share	0.60	0.66	0.87	1.23	1.73	1.82
Buildings	-	-	174.54	176.27	176.27	176.27
Machinery	-	-	133.26	157.52	162.66	159.89
Construction In Progress	-	-	0.26	-	69.66	74.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.