Shanghai Carthane 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	510.19	237.32	207.13	206.92	305.04	333.05
Short-Term Investments	-	-	-	1.23	-	-
Trading Asset Securities	49.83	0.06	0.03	0.04	0.06	-
Cash & Short-Term Investments	560.01	237.37	207.17	208.19	305.09	333.05
Cash Growth	154.81%	14.58%	-0.49%	-31.76%	-8.39%	17.52%
Accounts Receivable	431.04	406.76	324.59	264.5	206.79	191.25
Other Receivables	54.33	49.32	51.83	6.38	0.89	0.08
Receivables	485.38	456.08	376.42	270.87	207.69	191.34
Inventory	91.97	84.49	82.64	115.06	114.64	112.8
Other Current Assets	41.88	34.34	32.77	54.24	20.6	16.61
Total Current Assets	1,179	812.29	699	648.36	648.02	653.79
Property, Plant & Equipment	326.33	323.93	313.26	310.05	260.73	226.16
Long-Term Investments	50.35	21.27	25.65	7.8	8.3	-
Goodwill	8.78	8.78	8.78	8.78	8.78	8.78
Other Intangible Assets	36.42	37.54	37.12	47.44	46.82	34.33
Long-Term Deferred Tax Assets	12.93	14.48	16.7	5.99	4.17	4.36
Long-Term Deferred Charges	79.5	60.23	54	56.36	51.91	24.37
Other Long-Term Assets	1.82	0.48	8.06	15.6	5.73	11.45
Total Assets	1,695	1,279	1,163	1,100	1,034	963.25
Accounts Payable	221.26	145.69	88.68	90.83	82.87	58.51
Accrued Expenses	9.61	43.33	47.3	50.1	33.04	20.66
Short-Term Debt	91.24	70.98	42.23	11.12	-	-
Current Portion of Leases	1.35	1.46	1.44	2.2	1.46	-
Current Income Taxes Payable	7.71	6.07	15.73	11.28	0.2	2.37
Current Unearned Revenue	4.89	2.79	2.7	5.4	4.61	2.26
Other Current Liabilities	58.3	20.1	16.45	24.47	3.34	3.19
Total Current Liabilities	394.35	290.4	214.53	195.39	125.52	87
Long-Term Leases	12.35	12.97	15.73	14.51	7.89	-
Long-Term Unearned Revenue	2.85	2.56	3.46	-	-	-
Long-Term Deferred Tax Liabilities	12.16	6.11	8.43	6.38	8.38	6.7
Other Long-Term Liabilities	-	0.11	0.11	0.11	-	-
Total Liabilities	684.19	312.15	242.25	216.4	141.79	93.7
Common Stock	268.07	192.13	136.24	104.9	104.9	104.9
Additional Paid-In Capital	319.71	397.89	440.06	452.16	451.84	451.6
Retained Earnings	392.83	401.56	379.29	350.14	334.03	312.73
Treasury Stock	-11.13	-32.78	-44.21	-44.21	-	-
Comprehensive Income & Other	33.77	-0.32	0.41	0.14	-0.56	-0.37
Total Common Equity	1,003	958.47	911.79	863.14	890.2	868.86
Minority Interest	7.93	8.37	8.52	20.83	2.46	0.68
Shareholders' Equity	1,011	966.84	920.31	883.96	892.66	869.55
Total Liabilities & Equity	1,695	1,279	1,163	1,100	1,034	963.25
Total Debt	367.41	85.4	59.4	27.84	9.35	-
Net Cash (Debt)	192.6	151.97	147.77	180.35	295.74	333.05
Net Cash Growth	84.05%	2.84%	-18.07%	-39.02%	-11.20%	18.04%
Net Cash Per Share	0.71	0.58	0.56	0.70	1.10	1.23
Filing Date Shares Outstanding	255	272.52	266.79	261.73	267.29	267.29
Total Common Shares Outstanding	255	272.52	266.79	260.64	267.29	267.29
Working Capital	784.88	521.88	484.47	452.97	522.5	566.79
Book Value Per Share	3.93	3.52	3.42	3.31	3.33	3.25
Tangible Book Value	958.04	912.15	865.9	806.93	834.61	825.76
Tangible Book Value Per Share	3.76	3.35	3.25	3.10	3.12	3.09
Buildings	-	207.15	189.69	181.81	102.37	101.36
Machinery	-	244.97	214.38	198.42	181.28	175.34
Construction In Progress	-	25.17	27.51	24.11	60.22	27.81

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