Shanghai Carthane 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	430.45	237.32	207.13	206.92	305.04
Short-Term Investments	-	-	-	1.23	-
Trading Asset Securities	100.08	0.06	0.03	0.04	0.06
Cash & Short-Term Investments	530.53	237.37	207.17	208.19	305.09
Cash Growth	123.50%	14.58%	-0.49%	-31.76%	-8.39%
Accounts Receivable	436.81	406.76	324.59	264.5	206.79
Other Receivables	38.78	49.32	51.83	6.38	0.89
Receivables	475.59	456.08	376.42	270.87	207.69
Inventory	95.74	84.49	82.64	115.06	114.64
Other Current Assets	51.93	34.34	32.77	54.24	20.6
Total Current Assets	1,154	812.29	699	648.36	648.02
Property, Plant & Equipment	331.46	323.93	313.26	310.05	260.73
Long-Term Investments	47.1	21.27	25.65	7.8	8.3
Goodwill	8.78	8.78	8.78	8.78	8.78
Other Intangible Assets	39.35	37.54	37.12	47.44	46.82
Long-Term Deferred Tax Assets	14.9	14.48	16.7	5.99	4.17
Long-Term Deferred Charges	84.29	60.23	54	56.36	51.91
Other Long-Term Assets	2.04	0.48	8.06	15.6	5.73
Total Assets	1,682	1,279	1,163	1,100	1,034
Accounts Payable	248.68	145.69	88.68	90.83	82.87
Accrued Expenses	12.84	43.33	47.3	50.1	33.04
Short-Term Debt	74.15	70.98	42.23	11.12	-
Current Portion of Long-Term Debt	2.16	-	-	-	-
Current Portion of Leases	-	1.46	1.44	2.2	1.46
Current Income Taxes Payable	7.39	6.07	15.73	11.28	0.2
Current Unearned Revenue	4.16	2.79	2.7	5.4	4.61
Other Current Liabilities	12.15	20.1	16.45	24.47	3.34
Total Current Liabilities	361.53	290.4	214.53	195.39	125.52
Long-Term Debt	264.7	-	-	-	-
Long-Term Leases	12.42	12.97	15.73	14.51	7.89
Long-Term Unearned Revenue	2.07	2.56	3.46	-	-
Long-Term Deferred Tax Liabilities	12.46	6.11	8.43	6.38	8.38
Other Long-Term Liabilities	0.19	0.11	0.11	0.11	-
Total Liabilities	653.37	312.15	242.25	216.4	141.79
Common Stock	266.92	192.13	136.24	104.9	104.9
Additional Paid-In Capital	312.81	397.89	440.06	452.16	451.84
Retained Earnings	408.4	401.56	379.29	350.14	334.03
Treasury Stock	-3.93	-32.78	-44.21	-44.21	-
Comprehensive Income & Other	33.47	-0.32	0.41	0.14	-0.56
Total Common Equity	1,018	958.47	911.79	863.14	890.2
Minority Interest	10.67	8.37	8.52	20.83	2.46
Shareholders' Equity	1,028	966.84	920.31	883.96	892.66
Total Liabilities & Equity	1,682	1,279	1,163	1,100	1,034
Total Debt	353.44	85.4	59.4	27.84	9.35
Net Cash (Debt)	177.09	151.97	147.77	180.35	295.74
Net Cash Growth	16.53%	2.84%	-18.07%	-39.02%	-11.20%
Net Cash Per Share	0.67	0.58	0.56	0.70	1.10
Filing Date Shares Outstanding	256.37	272.52	266.79	261.73	267.29
Total Common Shares Outstanding	256.37	272.52	266.79	260.64	267.29
Working Capital	792.26	521.88	484.47	452.97	522.5
Book Value Per Share	3.97	3.52	3.42	3.31	3.33
Tangible Book Value	969.54	912.15	865.9	806.93	834.61
Tangible Book Value Per Share	3.78	3.35	3.25	3.10	3.12
Buildings	-	207.15	189.69	181.81	102.37
Machinery	-	244.97	214.38	198.42	181.28
Construction In Progress	-	25.17	27.51	24.11	60.22

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