Zhongtai Securities Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	10,642	9,944	7,644	9,528	5,666	4,385
Short-Term Investments	68,151	67,205	56,746	59,648	52,899	41,427
Trading Asset Securities	40,862	30,515	27,726	25,728	53,816	46,797
Accounts Receivable	2.16	39,319	35,022	31,027	36,110	31,088
Other Receivables	44,983	839.1	1,087	1,396	1,485	1,134
Property, Plant & Equipment	5,335	5,367	5,155	3,494	2,308	898.22
Goodwill	790.78	790.78	790.78	-	-	-
Other Intangible Assets	251.4	280.59	299.07	206.42	219.64	206.5
Investments in Debt & Equity Securities	35,924	18,712	11,288	15,459	26,254	26,771
Other Current Assets	27,509	30,206	28,696	32,213	21,672	17,810
Long-Term Deferred Tax Assets	1,276	1,415	1,437	1,188	1,015	951.18
Other Long-Term Assets	1,844	19,908	19,595	18,819	3,092	3,041
Total Assets	237,570	224,693	195,659	198,894	204,690	174,510
Accounts Payable	1,528	1,707	2,267	2,727	2,525	1,778
Accrued Expenses	92,246	81,280	61,460	64,257	58,919	46,851
Short-Term Debt	50,715	42,339	36,546	40,189	54,519	48,150
Current Portion of Long-Term Debt	-	17,587	2,014	3,524	2,785	2,039
Current Portion of Leases	-	198.73	-	-	-	-
Other Current Liabilities	1.31	220.62	223.88	275.3	689.21	367.45
Long-Term Debt	42,908	31,527	47,317	45,193	43,827	33,130
Long-Term Leases	400.92	314.64	673.97	685.98	653.22	-
Long-Term Unearned Revenue	-	2.4	2.45	2.4	2.4	-
Long-Term Deferred Tax Liabilities	256.28	594.95	714.56	560.14	822.19	505.44
Other Long-Term Liabilities	2,690	3,160	1,677	1,408	2,466	6,753
Total Liabilities	191,560	179,435	153,331	159,224	167,530	140,080
Common Stock	6,922	6,969	6,969	6,969	6,969	6,969
Additional Paid-In Capital	12,913	13,166	13,170	13,093	13,086	13,085
Retained Earnings	19,121	18,168	17,716	16,192	16,037	13,587
Comprehensive Income & Other	4,324	4,419	2,076	1,941	-301.35	-361.67
Total Common Equity	43,279	42,722	39,930	38,194	35,790	33,278
Minority Interest	2,731	2,537	2,398	1,476	1,370	1,151
Shareholders' Equity	46,010	45,259	42,328	39,670	37,160	34,430
Total Liabilities & Equity	237,570	224,693	195,659	198,894	204,690	174,510
Total Debt	94,023	91,966	86,551	89,593	101,784	83,319
Net Cash (Debt)	25,632	15,698	5,564	5,311	10,597	9,290
Net Cash Growth	-22.14%	182.13%	4.76%	-49.88%	14.07%	18.92%
Net Cash Per Share	3.21	1.84	0.74	0.72	1.52	1.32
Filing Date Shares Outstanding	6,922	6,969	6,969	6,969	6,969	6,969
Total Common Shares Outstanding	6,922	6,969	6,969	6,969	6,969	6,969
Working Capital	46,843	34,299	54,104	48,379	51,937	43,099
Book Value Per Share	5.53	5.41	5.30	5.05	5.14	4.78
Tangible Book Value	42,237	41,650	38,840	37,987	35,570	33,072
Tangible Book Value Per Share	5.38	5.26	5.14	5.02	5.10	4.75

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.