First Tractor Company 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	1,828	1,912	2,345	2,770	4,364	3,243
Short-Term Investments	-	3,193	1,207	216.23	-	-
Trading Asset Securities	946	946	1,379	862.91	1,250	1,039
Cash & Short-Term Investments	2,774	6,050	4,931	3,849	5,613	4,282
Cash Growth	-23.62%	22.71%	28.11%	-31.44%	31.08%	42.32%
Accounts Receivable	2,257	566.15	527.78	681.69	700.79	769.1
Other Receivables	79.85	59.08	39.38	24.67	27.43	38.28
Receivables	2,337	625.23	567.16	706.36	899.22	1,362
Inventory	1,260	1,148	1,375	1,514	1,191	1,674
Prepaid Expenses	-	-	-	16.58	12.16	4.61
Other Current Assets	2,478	424.23	552.45	401.82	166.13	372.56
Total Current Assets	8,849	8,247	7,425	6,488	7,882	7,696
Property, Plant & Equipment	2,507	2,481	2,447	2,431	2,472	2,560
Long-Term Investments	4,877	3,550	3,953	4,006	1,726	131.81
Other Intangible Assets	626.78	633.03	676.33	697.34	713.23	750.86
Long-Term Accounts Receivable	-	-	-	-	-	147.38
Long-Term Deferred Tax Assets	147.37	141.51	144.36	148.27	138.14	100.56
Long-Term Deferred Charges	41.38	44.09	45.76	47.75	59.46	61.06
Total Assets	17,049	15,098	14,691	13,817	12,992	12,340
Accounts Payable	5,491	2,748	2,701	4,428	4,075	3,388
Accrued Expenses	93.56	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	22.15	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	79.05	3	4.83	3.48	2.63	5.37
Current Unearned Revenue	211.39	566.07	555.27	500.34	846.46	580.39
Other Current Liabilities	1,487	2,480	2,653	451.8	397.6	1,068
Total Current Liabilities	7,384	6,078	6,498	6,045	6,128	5,891
Long-Term Debt	467.6	431.91	73.2	208.28	57.86	118.25
Long-Term Leases	1.95	2.55	13.77	2.1	16.46	1.85
Long-Term Unearned Revenue	249.97	206.21	174.93	181.95	121.76	138.05
Long-Term Deferred Tax Liabilities	126.54	127.19	123.67	120.94	120.28	148.31
Other Long-Term Liabilities	20.49	20.49	29.43	40.07	50.17	59.76
Total Liabilities	8,251	6,867	6,913	6,598	6,494	6,357
Common Stock	1,124	1,124	1,124	1,124	1,124	1,124
Additional Paid-In Capital	-	2,408	2,408	2,408	2,656	-
Retained Earnings	4,442	3,879	3,480	2,919	2,179	1,631
Comprehensive Income & Other	2,658	249.78	243.61	241.19	-0.36	2,648
Total Common Equity	8,223	7,661	7,256	6,692	5,958	5,402
Minority Interest	574.85	570.12	522.56	527.64	539.09	580.14
Shareholders' Equity	8,798	8,231	7,778	7,219	6,497	5,982
Total Liabilities & Equity	17,049	15,098	14,691	13,817	12,992	12,340
Total Debt	491.69	470.29	382.57	301.35	362.29	615.43
Net Cash (Debt)	2,283	5,580	4,548	3,547	5,251	3,667
Net Cash Growth	-31.37%	22.69%	28.21%	-32.45%	43.20%	111.14%
Net Cash Per Share	2.03	4.97	4.05	3.16	4.67	3.30
Filing Date Shares Outstanding	1,124	1,124	1,124	1,124	1,124	1,124
Total Common Shares Outstanding	1,124	1,124	1,124	1,124	1,124	1,124
Working Capital	1,465	2,169	926.98	443.07	1,754	1,805
Book Value Per Share	7.32	6.82	6.46	5.96	5.30	4.81
Tangible Book Value	7,596	7,028	6,579	5,994	5,245	4,651
Tangible Book Value Per Share	6.76	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.