Yutong Bus 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	5,860	6,368	8,667	6,434	7,035	5,631
Short-Term Investments	-	-	-	817.96	151.01	185.52
Trading Asset Securities	6,816	3,121	860.1	100.12	0.02	387.59
Cash & Short-Term Investments	12,676	9,489	9,527	7,352	7,186	6,204
Cash Growth	12.67%	-0.40%	29.59%	2.31%	15.82%	-12.16%
Accounts Receivable	2,611	5,906	4,977	4,678	5,164	6,475
Other Receivables	497.78	1,074	1,022	1,203	1,033	1,325
Receivables	3,109	6,980	6,799	6,922	6,197	7,800
Inventory	4,470	3,542	3,513	4,513	4,894	6,106
Prepaid Expenses	-	64.86	49.49	33.93	8.96	37.05
Other Current Assets	1,876	1,046	1,142	792.73	713.18	608.22
Total Current Assets	22,131	21,122	21,031	19,614	18,998	20,756
Property, Plant & Equipment	3,779	3,839	3,865	4,382	4,446	4,840
Long-Term Investments	3,797	4,510	3,835	3,680	3,237	3,625
Goodwill	-	-	0.1	0.1	0.1	0.1
Other Intangible Assets	1,450	1,463	1,506	1,544	1,565	1,214
Long-Term Accounts Receivable	41.69	66.37	93.88	21.89	81.29	239.03
Long-Term Deferred Tax Assets	1,796	1,921	1,790	1,599	1,656	1,460
Long-Term Deferred Charges	4.7	5.52	6.58	0.89	0.18	0.7
Other Long-Term Assets	849.67	62.85	23.47	15.04	14.99	30.36
Total Assets	33,849	32,990	32,151	30,857	29,998	32,166
Accounts Payable	4,722	3,087	6,779	6,337	6,841	7,994
Accrued Expenses	1,480	2,463	2,249	1,598	1,484	3,061
Current Portion of Leases	41.7	42.94	19.81	4.11	6.76	6.51
Current Income Taxes Payable	477.94	679.81	611.81	14.39	40.84	112.23
Current Unearned Revenue	2,129	1,859	1,609	2,477	1,320	1,761
Other Current Liabilities	2,894	3,556	3,221	3,253	2,887	995.93
Total Current Liabilities	11,745	11,688	14,489	13,684	12,580	13,930
Long-Term Leases	126.55	153.54	39.76	13.53	3.66	7.75
Long-Term Unearned Revenue	513.22	529.72	473.1	500.6	669.16	808.99
Long-Term Deferred Tax Liabilities	242.54	231.54	168.87	215.88	159.16	162.48
Other Long-Term Liabilities	4,746	4,543	3,322	2,386	1,990	1,913
Total Liabilities	17,373	17,146	18,493	16,800	15,402	16,823
Common Stock	2,214	2,214	2,214	2,214	2,214	2,263
Additional Paid-In Capital	1,506	1,506	1,506	1,506	1,494	1,788
Retained Earnings	12,827	12,168	9,878	10,113	10,505	10,752
Treasury Stock	-	-	-	-	-	-342.45
Comprehensive Income & Other	-321.61	-285.42	-174.43	86.17	259.45	758.57
Total Common Equity	16,225	15,602	13,424	13,919	14,473	15,219
Minority Interest	250.61	242.32	233.74	137.65	123.46	124.48
Shareholders' Equity	16,476	15,844	13,658	14,057	14,596	15,343
Total Liabilities & Equity	33,849	32,990	32,151	30,857	29,998	32,166
Total Debt	168.26	196.48	59.57	17.64	10.42	14.26
Net Cash (Debt)	12,507	9,293	9,468	7,334	7,175	6,190
Net Cash Growth	11.74%	-1.84%	29.09%	2.22%	15.91%	-11.42%
Net Cash Per Share	5.67	4.20	4.28	3.31	3.21	2.82
Filing Date Shares Outstanding	2,214	2,214	2,214	2,214	2,214	2,263
Total Common Shares Outstanding	2,214	2,214	2,214	2,214	2,214	2,263
Working Capital	10,386	9,433	6,542	5,930	6,418	6,826
Book Value Per Share	7.33	7.05	6.06	6.29	6.54	6.73
Tangible Book Value	14,775	14,139	11,918	12,375	12,908	14,005
Tangible Book Value Per Share	6.67	6.39	5.38	5.59	5.83	6.19
Buildings	-	5,792	5,972	5,993	5,966	5,591
Machinery	-	6,251	6,028	6,077	5,525	5,141
Construction In Progress	-	122.04	185.52	190	276.43	745.33

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