ZETTA 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	76.78	102.32	45.29	48.02	157.41	106.19
Trading Asset Securities	1.5	12	0	-	15.36	4.93
Cash & Short-Term Investments	78.28	114.32	45.29	48.02	172.77	111.12
Cash Growth	48.30%	152.39%	-5.68%	-72.21%	55.48%	128.52%
Accounts Receivable	377.64	371.77	272.92	414.63	165.56	202.89
Other Receivables	76.96	72.04	407.87	275.05	255.45	179.01
Receivables	454.59	443.81	680.8	689.68	421.01	381.91
Inventory	13.43	15.7	16.34	15.23	18.26	26.5
Other Current Assets	36.99	16.6	21.07	18.07	21.87	38.17
Total Current Assets	583.29	590.43	763.5	771	633.9	557.69
Property, Plant & Equipment	648.58	563.48	601.42	638.56	670.78	693.63
Long-Term Investments	659.17	589.19	180.91	362.13	399.64	698.11
Goodwill	4.39	4.39	4.39	0	-	-
Other Intangible Assets	5.96	22.93	23.47	18.36	19.17	65.51
Long-Term Accounts Receivable	2.34	2.3	1.64	1.48	195.61	1.2
Long-Term Deferred Tax Assets	11.12	8.9	9.63	15.23	20.7	32.55
Long-Term Deferred Charges	3.33	3.86	7.2	7.75	10.6	3.56
Other Long-Term Assets	0.51	3.61	-	5.04	18.2	43.45
Total Assets	1,919	1,789	1,592	1,820	1,969	2,096
Accounts Payable	60.8	77.14	63.48	60.4	47.92	66.33
Accrued Expenses	12.4	31.07	22.49	21.95	48.2	25.99
Short-Term Debt	101.37	25.64	80	155.85	469.67	456.57
Current Portion of Long-Term Debt	-	-	-	-	-	12.5
Current Portion of Leases	36.6	34.18	28.51	15	12.1	9.21
Current Income Taxes Payable	9.98	2.55	1.11	3.73	0.9	3.02
Current Unearned Revenue	6.82	4.87	5.16	3.99	7.3	8.43
Other Current Liabilities	96.35	85.96	36.89	56.1	53.23	114.37
Total Current Liabilities	324.33	261.41	237.65	317.03	639.31	696.42
Long-Term Debt	-	-	-	-	-	31.25
Long-Term Leases	35.22	26.48	20.83	37.11	47.66	59.65
Long-Term Unearned Revenue	0.35	3.07	3.61	4.14	3.1	3.24
Long-Term Deferred Tax Liabilities	8.06	8.6	8.32	10.14	11.46	5.66
Other Long-Term Liabilities	317.27	279.95	168.83	30.75	32.92	48.88
Total Liabilities	685.23	579.52	439.23	399.17	734.46	845.11
Common Stock	1,994	1,994	1,955	1,955	1,882	1,882
Additional Paid-In Capital	229.8	220.88	150.84	179.95	94.11	83.35
Retained Earnings	-947.64	-958.36	-1,001	-857.59	-772.76	-750.56
Treasury Stock	-70.77	-70.77	-	-	-	-
Comprehensive Income & Other	2.42	2.25	1.32	0.46	0.34	0.59
Total Common Equity	1,208	1,188	1,106	1,277	1,204	1,216
Minority Interest	25.7	21.63	46.87	142.97	30.04	34.79
Shareholders' Equity	1,233	1,210	1,153	1,420	1,234	1,251
Total Liabilities & Equity	1,919	1,789	1,592	1,820	1,969	2,096
Total Debt	173.19	86.3	129.34	207.97	529.43	569.18
Net Cash (Debt)	-94.91	28.01	-84.04	-159.95	-356.66	-458.06
Net Cash Per Share	-0.09	0.01	-0.04	-0.08	-0.16	-0.24
Filing Date Shares Outstanding	1,072	1,994	1,955	1,955	1,882	1,882
Total Common Shares Outstanding	1,072	1,994	1,955	1,955	1,882	1,882
Working Capital	258.97	329.01	525.85	453.97	-5.41	-138.73
Book Value Per Share	1.13	0.60	0.57	0.65	0.64	0.65
Tangible Book Value	1,197	1,161	1,078	1,259	1,185	1,150
Tangible Book Value Per Share	1.12	0.58	0.55	0.64	0.63	0.61
Buildings	-	55.8	48.94	52.37	37.15	55.96
Machinery	-	817.29	814.54	806.41	803.85	659.49
Construction In Progress	-	1.76	5.62	1.72	1.72	121.92

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