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 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	195.22	235.67	270.39	382.62	430.39	632.16
Short-Term Investments	-	-	-	-	80.35	100
Trading Asset Securities	158.6	170.73	294.32	128.61	196.33	80.03
Cash & Short-Term Investments	353.82	406.4	564.71	511.23	707.08	812.19
Cash Growth	-16.43%	-28.03%	10.46%	-27.70%	-12.94%	-30.75%
Accounts Receivable	136.75	167.28	126.19	193.02	227.25	296.08
Other Receivables	56.12	53.44	70.85	137.84	132.45	140.04
Receivables	192.87	220.72	197.04	330.86	359.7	436.12
Inventory	875.68	935.14	740.81	619.16	769.08	915.09
Other Current Assets	24.09	30.16	79.23	45.21	41.98	102.14
Total Current Assets	1,446	1,592	1,582	1,506	1,878	2,266
Property, Plant & Equipment	413.04	423.15	436.18	480.6	519.08	546.25
Long-Term Investments	64.28	143.34	150.59	163.07	95.36	130.75
Goodwill	-	-	63.49	97.07	97.07	460.72
Other Intangible Assets	54.24	54.97	58.94	61.78	67.35	66.71
Long-Term Deferred Tax Assets	123.88	121.9	133.78	164.53	147.05	128.03
Long-Term Deferred Charges	19.5	24.89	27.13	36.08	30.26	33.49
Other Long-Term Assets	256.09	180.36	212.63	218.57	227.62	285.92
Total Assets	2,377	2,541	2,665	2,728	3,062	3,917
Accounts Payable	140.52	233.06	165.83	165.28	220.82	276.08
Accrued Expenses	66.8	61.46	100.82	96.97	157.63	163.23
Short-Term Debt	161.41	234.21	187.79	47.7	-	108.86
Current Portion of Long-Term Debt	-	21.28	-	-	-	-
Current Portion of Leases	-	-	19.5	30.55	31.34	33.14
Current Income Taxes Payable	-	14.44	2.96	0.79	4.89	17.75
Current Unearned Revenue	58.14	59.38	70.51	84.16	75.28	100.28
Other Current Liabilities	188.38	183.41	156.95	160.75	174.37	220.61
Total Current Liabilities	615.25	807.23	704.35	586.2	664.33	919.95
Long-Term Leases	17.3	18.77	11.5	21.74	30.79	30.3
Long-Term Unearned Revenue	52.53	52.95	54.63	56.31	58	59.75
Long-Term Deferred Tax Liabilities	0.44	0.39	0.47	1.15	1.4	0
Total Liabilities	685.53	879.34	770.95	665.4	754.52	1,010
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	394.95	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	1,682	1,651	1,862	2,044	2,076	2,639
Minority Interest	10.29	10.44	31.81	18.26	230.94	268.51
Shareholders' Equity	1,692	1,662	1,894	2,063	2,307	2,907
Total Liabilities & Equity	2,377	2,541	2,665	2,728	3,062	3,917
Total Debt	178.72	274.25	218.79	99.99	62.13	172.29
Net Cash (Debt)	175.1	132.15	345.92	411.24	644.94	639.9
Net Cash Growth	-41.70%	-61.80%	-15.88%	-36.24%	0.79%	58.50%
Net Cash Per Share	0.46	0.34	0.89	1.06	1.67	1.65
Filing Date Shares Outstanding	379.91	443.1	389.26	391.13	385.29	387.31
Total Common Shares Outstanding	379.91	443.1	389.26	391.13	385.29	387.31
Working Capital	831.21	785.2	877.43	920.26	1,214	1,346
Book Value Per Share	4.43	3.73	4.78	5.23	5.39	6.81
Tangible Book Value	1,627	1,596	1,739	1,886	1,912	2,111
Tangible Book Value Per Share	4.28	3.60	4.47	4.82	4.96	5.45
Buildings	-	-	516.19	516.19	529.57	529.57
Machinery	-	-	116.07	121.79	121.97	119.43

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