Zhongtai Securities 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	10,291	10,854	9,944	7,644	9,528	5,666
Short-Term Investments	84,486	81,874	67,205	56,746	59,648	52,899
Trading Asset Securities	47,430	35,236	30,515	27,726	25,728	53,816
Accounts Receivable	5.67	46,706	39,319	35,022	31,027	36,110
Other Receivables	46,858	649.22	839.1	1,087	1,396	1,485
Property, Plant & Equipment	5,216	5,300	5,367	5,155	3,494	2,308
Goodwill	790.78	790.78	790.78	790.78	-	-
Other Intangible Assets	254.46	268.66	280.59	299.07	206.42	219.64
Investments in Debt & Equity Securities	36,516	9,244	18,712	11,288	15,459	26,254
Other Current Assets	33,889	34,727	30,206	28,696	32,213	21,672
Long-Term Deferred Tax Assets	1,044	1,103	1,415	1,437	1,188	1,015
Other Long-Term Assets	1,911	26,635	19,908	19,595	18,819	3,092
Total Assets	268,693	253,531	224,693	195,659	198,894	204,690
Accounts Payable	-	1,087	1,707	2,267	2,727	2,525
Accrued Expenses	114,905	103,773	81,284	61,460	64,257	58,919
Short-Term Debt	47,355	43,526	42,339	36,546	40,189	54,519
Current Portion of Long-Term Debt	-	13,813	1,006	2,014	3,524	2,785
Current Portion of Leases	-	192.67	-	-	-	-
Other Current Liabilities	1.02	325.51	226.83	223.88	275.3	689.21
Long-Term Debt	49,681	34,338	48,108	47,317	45,193	43,827
Long-Term Leases	311.76	147.38	513.37	673.97	685.98	653.22
Long-Term Unearned Revenue	-	-	2.4	2.45	2.4	2.4
Long-Term Deferred Tax Liabilities	249.22	501.25	594.95	714.56	560.14	822.19
Other Long-Term Liabilities	2,355	2,575	3,157	1,677	1,408	2,466
Total Liabilities	215,453	200,663	179,435	153,331	159,224	167,530
Common Stock	7,918	7,918	6,969	6,969	6,969	6,969
Additional Paid-In Capital	-	17,835	13,166	13,170	13,093	13,086
Retained Earnings	19,575	19,176	18,168	17,716	16,192	16,037
Comprehensive Income & Other	22,196	4,455	4,419	2,076	1,941	-301.35
Total Common Equity	49,690	49,385	42,722	39,930	38,194	35,790
Minority Interest	3,550	3,483	2,537	2,398	1,476	1,370
Shareholders' Equity	53,240	52,868	45,259	42,328	39,670	37,160
Total Liabilities & Equity	268,693	253,531	224,693	195,659	198,894	204,690
Total Debt	97,347	92,018	91,966	86,551	89,593	101,784
Net Cash (Debt)	44,861	35,946	15,698	5,564	5,311	10,597
Net Cash Growth	133.11%	128.98%	182.13%	4.76%	-49.88%	14.07%
Net Cash Per Share	5.30	4.51	1.84	0.74	0.72	1.52
Filing Date Shares Outstanding	7,918	7,918	6,969	6,969	6,969	6,969
Total Common Shares Outstanding	7,918	7,918	6,969	6,969	6,969	6,969
Working Capital	60,104	46,992	51,076	54,104	48,379	51,937
Book Value Per Share	5.64	5.61	5.41	5.30	5.05	5.14
Tangible Book Value	48,645	48,326	41,650	38,840	37,987	35,570
Tangible Book Value Per Share	5.51	5.47	5.26	5.14	5.02	5.10