Shanghai Carthane 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	327.41	430.6	237.32	207.13	206.92	305.04
Short-Term Investments	-	-	-	-	1.23	-
Trading Asset Securities	134.67	100.08	0.06	0.03	0.04	0.06
Cash & Short-Term Investments	462.08	530.68	237.37	207.17	208.19	305.09
Cash Growth	129.34%	123.57%	14.58%	-0.49%	-31.76%	-8.39%
Accounts Receivable	421.2	436.81	406.76	324.59	264.5	206.79
Other Receivables	39.59	33.61	49.32	51.83	6.38	0.89
Receivables	460.79	470.42	456.08	376.42	270.87	207.69
Inventory	107.45	95.74	84.49	82.64	115.06	114.64
Other Current Assets	38.9	56.94	34.34	32.77	54.24	20.6
Total Current Assets	1,069	1,154	812.29	699	648.36	648.02
Property, Plant & Equipment	335.97	331.46	323.93	313.26	310.05	260.73
Long-Term Investments	19.41	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	38.78	39.35	37.54	37.12	47.44	46.82
Long-Term Deferred Tax Assets	14.67	14.9	14.48	16.7	5.99	4.17
Long-Term Deferred Charges	83.35	84.29	60.23	54	56.36	51.91
Other Long-Term Assets	25.43	27.04	0.48	8.06	15.6	5.73
Total Assets	1,596	1,682	1,279	1,163	1,100	1,034
Accounts Payable	181.48	215.24	145.69	88.68	90.83	82.87
Accrued Expenses	9.3	37.2	43.33	47.3	50.1	33.04
Short-Term Debt	55.19	74.15	70.98	42.23	11.12	-
Current Portion of Leases	-	2.16	1.46	1.44	2.2	1.46
Current Income Taxes Payable	-	2.06	6.07	15.73	11.28	0.2
Current Unearned Revenue	4.2	4.16	2.79	2.7	5.4	4.61
Other Current Liabilities	14.82	26.55	20.1	16.45	24.47	3.34
Total Current Liabilities	264.98	361.53	290.4	214.53	195.39	125.52
Long-Term Debt	266.98	264.7	-	-	-	-
Long-Term Leases	12.26	12.42	12.97	15.73	14.51	7.89
Long-Term Unearned Revenue	1.98	2.07	2.56	3.46	-	-
Long-Term Deferred Tax Liabilities	11.98	12.46	6.11	8.43	6.38	8.38
Other Long-Term Liabilities	0.19	0.19	0.11	0.11	0.11	-
Total Liabilities	558.37	653.37	312.15	242.25	216.4	141.79
Common Stock	266.92	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	417.93	408.4	401.56	379.29	350.14	334.03
Treasury Stock	-3.93	-3.93	-32.78	-44.21	-44.21	-
Comprehensive Income & Other	346.15	33.47	-0.32	0.41	0.14	-0.56
Total Common Equity	1,027	1,018	958.47	911.79	863.14	890.2
Minority Interest	10.18	10.67	8.37	8.52	20.83	2.46
Shareholders' Equity	1,037	1,028	966.84	920.31	883.96	892.66
Total Liabilities & Equity	1,596	1,682	1,279	1,163	1,100	1,034
Total Debt	334.42	353.44	85.4	59.4	27.84	9.35
Net Cash (Debt)	127.65	177.25	151.97	147.77	180.35	295.74
Net Cash Growth	20.84%	16.63%	2.84%	-18.07%	-39.02%	-11.20%
Net Cash Per Share	0.49	0.67	0.57	0.56	0.70	1.10
Filing Date Shares Outstanding	238.12	256.37	295.52	266.79	261.73	267.29
Total Common Shares Outstanding	238.12	256.37	295.52	266.79	260.64	267.29
Working Capital	804.24	792.26	521.88	484.47	452.97	522.5
Book Value Per Share	4.31	3.97	3.24	3.42	3.31	3.33
Tangible Book Value	979.51	969.54	912.15	865.9	806.93	834.61
Tangible Book Value Per Share	4.11	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	-	39.77	25.17	27.51	24.11	60.22

Source: S&P Global Market Intelligence. Standard template. Financial Sources.