Shanghai Carthane Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	300.21	430.6	237.32	207.13	207.08	305.04
Short-Term Investments	-	-	-	-	1.23	-
Trading Asset Securities	184.11	100.08	0.06	0.03	0.04	0.06
Cash & Short-Term Investments	484.33	530.68	237.37	207.17	208.35	305.09
Cash Growth	101.88%	123.57%	14.58%	-0.57%	-31.71%	-8.39%
Accounts Receivable	412.37	436.81	406.76	324.59	264.5	206.79
Other Receivables	32.75	33.61	49.32	51.83	6.38	0.89
Receivables	445.12	470.42	456.08	376.42	270.87	207.69
Inventory	114.3	95.74	84.49	82.64	115.06	114.64
Other Current Assets	65.93	56.94	34.34	32.77	54.08	20.6
Total Current Assets	1,110	1,154	812.29	699	648.36	648.02
Property, Plant & Equipment	319.87	331.46	323.93	313.26	310.05	260.73
Long-Term Investments	42.13	22.1	21.27	25.65	7.8	8.3
Goodwill	8.78	8.78	8.78	8.78	8.78	8.78
Other Intangible Assets	32.59	39.35	37.54	37.12	47.44	46.82
Long-Term Deferred Tax Assets	15.07	14.9	14.48	16.7	5.99	4.17
Long-Term Deferred Charges	81.42	84.29	60.23	54	56.36	51.91
Other Long-Term Assets	-	27.04	0.48	8.06	15.6	5.73
Total Assets	1,610	1,682	1,279	1,163	1,100	1,034

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	159.25	215.24	145.69	88.68	90.83	82.87
Accrued Expenses	30.91	37.2	43.33	47.3	50.1	33.04
Short-Term Debt	84.99	74.15	70.98	42.23	11.12	-
Current Portion of Leases	2.17	2.16	1.46	1.44	2.2	1.46
Current Income Taxes Payable	0.3	2.06	6.07	15.73	11.28	0.2
Current Unearned Revenue	4.97	4.16	2.79	2.7	5.4	4.61
Other Current Liabilities	24.35	26.55	20.1	16.45	24.47	3.34
Total Current Liabilities	306.94	361.53	290.4	214.53	195.39	125.52
Long-Term Debt	269.24	264.7	-	-	-	-
Long-Term Leases	11.41	12.42	12.97	15.73	14.51	7.89
Long-Term Unearned Revenue	1.88	2.07	2.56	3.46	-	-
Long-Term Deferred Tax Liabilities	10.9	12.46	6.11	8.43	6.38	8.38
Other Long-Term Liabilities	0.21	0.19	0.11	0.11	0.11	-
Total Liabilities	600.59	653.37	312.15	242.25	216.4	141.79

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	266.54	266.92	192.13	136.24	104.9	104.9
Additional Paid-In Capital	311.99	312.81	397.89	440.06	452.16	451.84
Retained Earnings	385.78	408.4	401.56	379.29	350.14	334.03
Treasury Stock	-1.97	-3.93	-32.78	-44.21	-44.21	-
Comprehensive Income & Other	33.18	33.47	-0.32	0.41	0.14	-0.56
Total Common Equity	995.53	1,018	958.47	911.79	863.14	890.2
Minority Interest	13.41	10.67	8.37	8.52	20.83	2.46
Shareholders' Equity	1,009	1,028	966.84	920.31	883.96	892.66
Total Liabilities & Equity	1,610	1,682	1,279	1,163	1,100	1,034

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	367.81	353.44	85.4	59.4	27.84	9.35
Net Cash (Debt)	116.51	177.25	151.97	147.77	180.51	295.74
Net Cash Growth	-6.43%	16.63%	2.84%	-18.14%	-38.96%	-11.20%
Net Cash Per Share	0.41	0.67	0.57	0.56	0.70	1.10
Filing Date Shares Outstanding	318.14	256.37	295.52	266.79	261.73	267.29
Total Common Shares Outstanding	318.14	256.37	295.52	266.79	260.64	267.29
Working Capital	802.73	792.26	521.88	484.47	452.97	522.5
Book Value Per Share	3.13	3.97	3.24	3.42	3.31	3.33
Tangible Book Value	954.16	969.54	912.15	865.9	806.93	834.61
Tangible Book Value Per Share	3.00	3.78	3.09	3.25	3.10	3.12
Buildings	-	200.09	207.15	189.69	181.81	102.37
Machinery	-	270.72	244.97	214.38	198.42	181.28
Construction In Progress	49.85	39.77	25.17	27.51	24.11	60.22