Zibuyu 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	346.95	446.83	277.48	294.54	80.86
Short-Term Investments	1	0.89	1.4	1.71	0.8
Cash & Short-Term Investments	347.95	447.72	278.88	296.24	81.66
Cash Growth	-6.50%	60.54%	-5.86%	262.78%	-
Accounts Receivable	235.43	200.49	144.5	187.53	178.58
Other Receivables	3.29	1.8	6.89	1.23	1.55
Receivables	238.72	202.29	151.39	188.76	180.13
Inventory	599.28	374.49	399.45	754.67	664.32
Restricted Cash	0.52	1.33	2.42	8.37	1.26
Other Current Assets	22.93	10.82	6.94	5.46	27.44
Total Current Assets	1,209	1,037	839.07	1,254	954.81
Property, Plant & Equipment	34.6	33.15	43.81	84.9	49.33
Long-Term Investments	5.03	5.03	4.96	-	-
Other Intangible Assets	1.44	1.14	2.28	2.79	0.7
Long-Term Deferred Tax Assets	-	-	-	14.5	11.45
Other Long-Term Assets	4.5	3.62	3.29	5.02	3.39
Total Assets	1,255	1,080	893.41	1,361	1,020
Accounts Payable	181.03	116.64	85.96	150.9	117.75
Accrued Expenses	128.73	121.61	61.16	74.15	65.47
Short-Term Debt	-	-	-	-	106.09
Current Portion of Long-Term Debt	168.7	130	161.99	167.8	209.94
Current Portion of Leases	13.84	15.98	21.01	28.14	14.51
Current Income Taxes Payable	0.83	0.28	2.15	25.21	28.87
Current Unearned Revenue	2.05	4.76	7.8	9.93	29.65
Other Current Liabilities	99.56	79.88	59.22	73.61	48.78
Total Current Liabilities	594.74	469.14	399.29	529.73	621.06
Long-Term Debt	-	-	-	-	0.3
Long-Term Leases	13.06	8.06	10.38	43.66	25.34
Long-Term Deferred Tax Liabilities	2.81	2.12	-	-	-
Total Liabilities	610.6	479.32	409.67	573.39	646.7
Common Stock	0.17	0.17	0.17	0.17	0.14
Additional Paid-In Capital	1,528	1,582	1,582	1,603	1,300
Retained Earnings	442.08	374.91	224.13	489.92	379.23
Comprehensive Income & Other	-1,326	-1,356	-1,322	-1,306	-1,306
Shareholders' Equity	644.36	600.27	483.74	787.32	372.98
Total Liabilities & Equity	1,255	1,080	893.41	1,361	1,020
Total Debt	195.59	154.04	193.38	239.6	356.17
Net Cash (Debt)	152.36	293.68	85.5	56.65	-274.51
Net Cash Growth	-15.64%	243.48%	50.93%	-	-
Net Cash Per Share	0.31	0.60	0.17	0.12	-0.60
Filing Date Shares Outstanding	500	500	500	500	515.9
Total Common Shares Outstanding	500	500	500	500	515.9
Working Capital	614.66	567.51	439.78	723.78	333.75
Book Value Per Share	1.29	1.20	0.97	1.57	0.72
Tangible Book Value	642.93	599.14	481.46	784.53	372.28
Tangible Book Value Per Share	1.29	1.20	0.96	1.57	0.72
Machinery	-	13.55	14.79	18.32	14.33
Leasehold Improvements	-	6.14	5.44	6.08	1.77

Source: S&P Capital IQ. Standard template. Financial Sources.