First Tractor Company Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,912	2,345	2,770	4,364	3,243
Short-Term Investments	3,193	1,207	216.23	-	-
Trading Asset Securities	946	1,379	862.91	1,250	1,039
Cash & Short-Term Investments	6,050	4,931	3,849	5,613	4,282
Cash Growth	22.71%	28.11%	-31.44%	31.08%	42.32%
Accounts Receivable	566.15	527.78	681.69	700.79	769.1
Other Receivables	59.08	39.38	24.67	27.43	38.28
Receivables	625.23	567.16	706.36	899.22	1,362
Inventory	1,148	1,375	1,514	1,191	1,674
Prepaid Expenses	-	-	16.58	12.16	4.61
Other Current Assets	424.23	552.45	401.82	166.13	372.56
Total Current Assets	8,247	7,425	6,488	7,882	7,696
Property, Plant & Equipment	2,481	2,447	2,431	2,472	2,560
Long-Term Investments	3,550	3,953	4,006	1,726	131.81
Other Intangible Assets	633.03	676.33	697.34	713.23	750.86
Long-Term Accounts Receivable	-	-	-	-	147.38
Long-Term Deferred Tax Assets	141.51	144.36	148.27	138.14	100.56
Long-Term Deferred Charges	44.09	45.76	47.75	59.46	61.06
Total Assets	15,098	14,691	13,817	12,992	12,340
Accounts Payable	2,748	2,701	4,428	4,075	3,388
Accrued Expenses	244.9	288.24	570.17	517.87	353.61
Short-Term Debt	9.68	70	70	270.22	481.99
Current Portion of Long-Term Debt	1.68	200.86	0.89	0.23	0.12
Current Portion of Leases	24.49	24.74	20.08	17.52	13.22
Current Income Taxes Payable	3	4.83	3.48	2.63	5.37
Current Unearned Revenue	566.07	555.27	500.34	846.46	580.39
Other Current Liabilities	2,480	2,653	451.8	397.6	1,068
Total Current Liabilities	6,078	6,498	6,045	6,128	5,891
Long-Term Debt	431.91	73.2	208.28	57.86	118.25
Long-Term Leases	2.55	13.77	2.1	16.46	1.85
Long-Term Unearned Revenue	206.21	174.93	181.95	121.76	138.05
Long-Term Deferred Tax Liabilities	127.19	123.67	120.94	120.28	148.31
Other Long-Term Liabilities	20.49	29.43	40.07	50.17	59.76
Total Liabilities	6,867	6,913	6,598	6,494	6,357
Common Stock	1,124	1,124	1,124	1,124	1,124
Additional Paid-In Capital	2,408	2,408	2,408	2,656	-
Retained Earnings	3,879	3,480	2,919	2,179	1,631
Comprehensive Income & Other	249.78	243.61	241.19	-0.36	2,648
Total Common Equity	7,661	7,256	6,692	5,958	5,402
Minority Interest	570.12	522.56	527.64	539.09	580.14
Shareholders' Equity	8,231	7,778	7,219	6,497	5,982
Total Liabilities & Equity	15,098	14,691	13,817	12,992	12,340
Total Debt	470.29	382.57	301.35	362.29	615.43
Net Cash (Debt)	5,580	4,548	3,547	5,251	3,667
Net Cash Growth	22.69%	28.21%	-32.45%	43.20%	111.14%
Net Cash Per Share	4.97	4.05	3.16	4.67	3.30
Filing Date Shares Outstanding	1,124	1,124	1,124	1,124	1,124
Total Common Shares Outstanding	1,124	1,124	1,124	1,124	1,124
Working Capital	2,169	926.98	443.07	1,754	1,805
Book Value Per Share	6.82	6.46	5.96	5.30	4.81
Tangible Book Value	7,028	6,579	5,994	5,245	4,651
Tangible Book Value Per Share	6.25	5.86	5.33	4.67	4.14
Buildings	2,118	2,265	2,256	2,235	2,235
Machinery	4,639	4,606	4,478	4,333	4,313
Construction In Progress	324.53	147.68	140.04	126.47	79.25

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