Zhongtai Futures 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	481.06	1,244	507.04	16,467	10,366
Short-Term Investments	76.86	25.57	319.42	235.54	121.69
Trading Asset Securities	1,146	1,278	1,128	933.28	876.46
Accounts Receivable	92.62	244.88	444.18	211.7	215.03
Other Receivables	28.11	39.53	80.99	43.17	43.42
Property, Plant & Equipment	107.18	69.66	75.97	69.44	60.21
Other Intangible Assets	18.98	16.09	14.5	8.2	7.15
Investments in Debt & Equity Securities	1.4	1.4	1.4	1.4	1.4
Other Current Assets	43,148	30,743	27,463	10,748	8,918
Long-Term Deferred Tax Assets	53.85	48.8	8.73	21.99	0.78
Other Long-Term Assets	43.54	44.01	43.26	39.78	25.38
Total Assets	45,199	33,757	30,126	28,859	20,682
Accounts Payable	635.54	1,141	1,537	1,216	649.43
Accrued Expenses	149.87	119.9	92.97	119.36	156.2
Short-Term Debt	158.39	244.77	195.2	194.65	140
Other Current Liabilities	41,302	29,393	25,482	24,407	17,237
Long-Term Leases	56.06	24.15	29.39	25.27	19.07
Long-Term Deferred Tax Liabilities	11.63	19.85	3.18	0	24.33
Other Long-Term Liabilities	236.52	263.15	198.83	377.04	152.61
Total Liabilities	42,563	31,206	27,566	26,417	18,400
Common Stock	1,002	1,002	1,002	1,002	1,002
Additional Paid-In Capital	650.63	650.63	650.63	650.63	650.63
Retained Earnings	970.35	884.81	894.3	776.62	628.51
Comprehensive Income & Other	13.37	13.97	13.46	13.13	0.92
Total Common Equity	2,636	2,551	2,560	2,442	2,282
Shareholders' Equity	2,636	2,551	2,560	2,442	2,282
Total Liabilities & Equity	45,199	33,757	30,126	28,859	20,682
Total Debt	214.45	268.92	224.59	219.92	159.07
Net Cash (Debt)	1,489	2,279	1,730	17,416	11,205
Net Cash Growth	-34.66%	31.79%	-90.07%	55.44%	85.23%
Net Cash Per Share	1.49	2.28	1.73	17.38	11.18
Filing Date Shares Outstanding	1,002	1,002	1,002	1,002	1,002
Total Common Shares Outstanding	1,002	1,002	1,002	1,002	1,002
Working Capital	2,714	2,677	2,645	2,701	2,380
Book Value Per Share	2.63	2.55	2.56	2.44	2.28
Tangible Book Value	2,617	2,535	2,546	2,434	2,275
Tangible Book Value Per Share	2.61	2.53	2.54	2.43	2.27

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