LC Logistics 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	428.7	779.64	207.89	339.99	190.01
Trading Asset Securities	59	58.37	9.97	6.37	3.3
Cash & Short-Term Investments	487.7	838.01	217.86	346.36	193.31
Cash Growth	-41.80%	284.66%	-37.10%	79.18%	281.51%
Accounts Receivable	142.59	107.61	89.26	149.14	311.29
Other Receivables	12.7	0.96	0.96	0.75	0.12
Receivables	155.29	108.56	90.22	149.89	311.41
Inventory	8.86	6.33	5.38	6.6	17.04
Prepaid Expenses	68.26	53.78	30.36	49.28	317.79
Other Current Assets	-	-	74.86	86.56	-
Total Current Assets	720.12	1,007	418.67	638.68	839.55
Property, Plant & Equipment	488.73	477.23	431.9	408.37	264.93
Long-Term Investments	29.54	2.39	2.44	2.57	5.67
Goodwill	8.57	8.57	8.57	8.57	8.57
Other Intangible Assets	1.31	1.67	1.87	2.13	2.25
Long-Term Deferred Tax Assets	1.12	0.43	1.18	3.01	2.81
Other Long-Term Assets	653.35	426.59	580.87	377.18	9.82
Total Assets	1,903	1,924	1,445	1,441	1,134
Accounts Payable	147.46	135.44	172.4	336.39	453.12
Accrued Expenses	-	7.09	6.06	12.02	12.8
Short-Term Debt	13	41.6	10	19.71	18.2
Current Portion of Long-Term Debt	15.2	15.86	41.27	17.51	52
Current Portion of Leases	34.48	30.21	4.58	3.4	2.92
Current Income Taxes Payable	3.13	0.8	0.02	1.26	16.57
Current Unearned Revenue	-	2.83	2.91	19.59	39.27
Other Current Liabilities	97.81	59.27	41.49	95.19	31.31
Total Current Liabilities	311.07	293.08	278.73	505.07	626.17
Long-Term Debt	11.57	27.2	-	39.42	22.94
Long-Term Leases	20.92	51.6	2.2	4.59	2.12
Long-Term Deferred Tax Liabilities	0.11	0.04	0.16	0.25	0.4
Total Liabilities	343.67	371.93	281.08	549.33	651.62
Common Stock	0.21	0.21	0.21	0.03	-
Additional Paid-In Capital	-	143.32	143.32	8.39	-
Retained Earnings	-	1,291	937.85	818.98	438.03
Comprehensive Income & Other	1,491	69.48	53.51	51.51	37.94
Total Common Equity	1,491	1,504	1,135	878.91	475.97
Minority Interest	68.07	47.88	29.51	12.27	5.99
Shareholders' Equity	1,559	1,552	1,164	891.18	481.97
Total Liabilities & Equity	1,903	1,924	1,445	1,441	1,134
Total Debt	95.17	166.47	58.04	84.63	98.17
Net Cash (Debt)	392.53	671.54	159.82	261.73	95.14
Net Cash Growth	-41.55%	320.20%	-38.94%	175.10%	5217.94%
Net Cash Per Share	0.69	1.17	0.30	0.51	-
Filing Date Shares Outstanding	572.54	572.54	572.54	85.18	-
Total Common Shares Outstanding	572.54	572.54	572.54	85.18	-
Working Capital	409.04	713.59	139.94	133.61	213.38
Book Value Per Share	2.60	2.63	1.98	10.32	-
Tangible Book Value	1,481	1,494	1,124	868.21	465.15
Tangible Book Value Per Share	2.59	2.61	1.96	10.19	-
Machinery	-	161.76	182.02	112.56	100.74

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.