Anzheng Fashion Group 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	126.26	235.67	270.39	382.62	430.39	632.16
Short-Term Investments	-	-	-	-	80.35	100
Trading Asset Securities	122.86	170.73	294.32	128.61	196.33	80.03
Cash & Short-Term Investments	249.13	406.4	564.71	511.23	707.08	812.19
Cash Growth	-36.39%	-28.03%	10.46%	-27.70%	-12.94%	-30.75%
Accounts Receivable	142.94	167.28	126.19	193.02	227.25	296.08
Other Receivables	44.03	55.76	70.85	137.84	132.45	140.04
Receivables	186.97	223.04	197.04	330.86	359.7	436.12
Inventory	931.3	935.14	740.81	619.16	769.08	915.09
Other Current Assets	39.42	27.85	79.23	45.21	41.98	102.14
Total Current Assets	1,407	1,592	1,582	1,506	1,878	2,266
Property, Plant & Equipment	400.51	423.15	436.18	480.6	519.08	546.25
Long-Term Investments	136.75	143.34	150.59	163.07	95.36	130.75
Goodwill	-	-	63.49	97.07	97.07	460.72
Other Intangible Assets	56.36	54.97	58.94	61.78	67.35	66.71
Long-Term Deferred Tax Assets	142.9	121.9	133.78	164.53	147.05	128.03
Long-Term Deferred Charges	17.83	24.89	27.13	36.08	30.26	33.49
Other Long-Term Assets	173.7	180.36	212.63	218.57	227.62	285.92
Total Assets	2,335	2,541	2,665	2,728	3,062	3,917

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	141.75	233.06	165.83	165.28	220.82	276.08
Accrued Expenses	56.17	117.8	100.82	96.97	157.63	163.23
Short-Term Debt	54.4	234.21	187.79	47.7	-	108.86
Current Portion of Leases	-	21.28	19.5	30.55	31.34	33.14
Current Income Taxes Payable	18.82	2.67	2.96	0.79	4.89	17.75
Current Unearned Revenue	66.92	59.66	70.51	84.16	75.28	100.28
Other Current Liabilities	179.15	138.56	156.95	160.75	174.37	220.61
Total Current Liabilities	529.53	807.23	704.35	586.2	664.33	919.95
Long-Term Leases	16.97	18.77	11.5	21.74	30.79	30.3
Long-Term Unearned Revenue	52.11	52.95	54.63	56.31	58	59.75
Long-Term Deferred Tax Liabilities	1.01	0.39	0.47	1.15	1.4	0
Total Liabilities	599.62	879.34	770.95	665.4	754.52	1,010

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	387.02	389.03	399.21	399.21	400.1	400.1
Additional Paid-In Capital	898.42	911.43	950.38	973.57	958.18	958.18
Retained Earnings	439.41	364.56	591.68	760.4	866.92	1,415
Treasury Stock	-	-15.03	-80.78	-89.97	-150.31	-135.28
Comprehensive Income & Other	1.27	1.27	1.27	1.27	1.27	1.27
Total Common Equity	1,726	1,651	1,862	2,044	2,076	2,639
Minority Interest	9.13	10.44	31.81	18.26	230.94	268.51
Shareholders' Equity	1,735	1,662	1,894	2,063	2,307	2,907
Total Liabilities & Equity	2,335	2,541	2,665	2,728	3,062	3,917

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	83.7	274.25	218.79	99.99	62.13	172.29
Net Cash (Debt)	165.43	132.15	345.92	411.24	644.94	639.9
Net Cash Growth	-6.10%	-61.80%	-15.88%	-36.24%	0.79%	58.50%
Net Cash Per Share	0.44	0.34	0.89	1.06	1.67	1.65
Filing Date Shares Outstanding	407.98	397.19	389.26	391.13	385.29	387.31
Total Common Shares Outstanding	407.98	397.19	389.26	391.13	385.29	387.31
Working Capital	877.29	785.2	877.43	920.26	1,214	1,346
Book Value Per Share	4.23	4.16	4.78	5.23	5.39	6.81
Tangible Book Value	1,670	1,596	1,739	1,886	1,912	2,111
Tangible Book Value Per Share	4.09	4.02	4.47	4.82	4.96	5.45
Buildings	-	516.19	516.19	516.19	529.57	529.57
Machinery	-	105.64	116.07	121.79	121.97	119.43