Anzheng Fashion Group 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	156.71	270.39	382.62	430.39	632.16	841.28
Short-Term Investments	-	-	-	80.35	100	-
Trading Asset Securities	175.8	294.32	128.61	196.33	80.03	331.62
Cash & Short-Term Investments	332.51	564.71	511.23	707.08	812.19	1,173
Cash Growth	-33.31%	10.46%	-27.70%	-12.94%	-30.75%	78.81%
Accounts Receivable	140.1	126.19	193.02	227.25	296.08	319.37
Other Receivables	48.89	70.85	137.84	132.45	140.04	153.76
Receivables	189	197.04	330.86	359.7	436.12	473.12
Inventory	1,084	740.81	619.16	769.08	915.09	1,287
Other Current Assets	48.53	79.23	45.21	41.98	102.14	58.28
Total Current Assets	1,654	1,582	1,506	1,878	2,266	2,991
Property, Plant & Equipment	422.73	436.18	480.6	519.08	546.25	510.99
Long-Term Investments	146.81	150.59	163.07	95.36	130.75	258.93
Goodwill	63.49	63.49	97.07	97.07	460.72	476.59
Other Intangible Assets	55.94	58.94	61.78	67.35	66.71	71.41
Long-Term Deferred Tax Assets	146.56	133.78	164.53	147.05	128.03	114.59
Long-Term Deferred Charges	28.04	27.13	36.08	30.26	33.49	42.45
Other Long-Term Assets	203.21	212.63	218.57	227.62	285.92	263.16
Total Assets	2,721	2,665	2,728	3,062	3,917	4,729
Accounts Payable	265.18	165.83	165.28	220.82	276.08	275.99
Accrued Expenses	46.95	100.82	96.97	157.63	163.23	228.2
Short-Term Debt	228.73	187.79	47.7	-	108.86	769.18
Current Portion of Leases	18.69	19.5	30.55	31.34	33.14	-
Current Income Taxes Payable	18.79	2.96	0.79	4.89	17.75	25.75
Current Unearned Revenue	64.47	70.51	84.16	75.28	100.28	111.05
Other Current Liabilities	169.3	156.95	160.75	174.37	220.61	227.75
Total Current Liabilities	812.1	704.35	586.2	664.33	919.95	1,638
Long-Term Leases	14.63	11.5	21.74	30.79	30.3	-
Long-Term Unearned Revenue	53.37	54.63	56.31	58	59.75	61.36
Long-Term Deferred Tax Liabilities	0.46	0.47	1.15	1.4	0	2.82
Total Liabilities	880.56	770.95	665.4	754.52	1,010	1,702
Common Stock	389.03	399.21	399.21	400.1	400.1	400.1
Additional Paid-In Capital	904.62	950.38	973.57	958.18	958.18	958.18
Retained Earnings	542.2	591.68	760.4	866.92	1,415	1,482
Treasury Stock	-25.23	-80.78	-89.97	-150.31	-135.28	-99.36
Comprehensive Income & Other	1.27	1.27	1.27	1.27	1.27	1.27
Total Common Equity	1,812	1,862	2,044	2,076	2,639	2,742
Minority Interest	28.26	31.81	18.26	230.94	268.51	285.42
Shareholders' Equity	1,840	1,894	2,063	2,307	2,907	3,027
Total Liabilities & Equity	2,721	2,665	2,728	3,062	3,917	4,729
Total Debt	262.05	218.79	99.99	62.13	172.29	769.18
Net Cash (Debt)	70.46	345.92	411.24	644.94	639.9	403.71
Net Cash Growth	-75.26%	-15.88%	-36.24%	0.79%	58.50%	6.67%
Net Cash Per Share	0.19	0.89	1.06	1.67	1.65	1.02
Filing Date Shares Outstanding	389.03	389.26	391.13	385.29	387.31	400.1
Total Common Shares Outstanding	389.03	389.26	391.13	385.29	387.31	400.1
Working Capital	841.83	877.43	920.26	1,214	1,346	1,353
Book Value Per Share	4.66	4.78	5.23	5.39	6.81	6.85
Tangible Book Value	1,692	1,739	1,886	1,912	2,111	2,194
Tangible Book Value Per Share	4.35	4.47	4.82	4.96	5.45	5.48
Buildings	-	516.19	516.19	529.57	529.57	529.57
Machinery	-	116.07	121.79	121.97	119.43	124.12

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