China Master Logistics 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	686.58	584.3	460.07	642.51	495.89
Trading Asset Securities	1.32	0.68	0.6	0.79	66.73
Cash & Short-Term Investments	687.9	584.97	460.67	643.3	562.62
Cash Growth	17.59%	26.98%	-28.39%	14.34%	-26.83%
Accounts Receivable	1,529	1,684	1,275	1,045	1,519
Other Receivables	137.45	231.59	374.52	289.56	67.88
Receivables	1,667	1,916	1,650	1,335	1,587
Inventory	16.67	12.98	13.94	14.38	10.97
Other Current Assets	62.32	63.47	35.99	49.02	48.65
Total Current Assets	2,434	2,577	2,160	2,041	2,209
Property, Plant & Equipment	1,080	1,182	945.99	969.87	871.53
Long-Term Investments	136.12	181.69	195.76	258.73	283.47
Goodwill	0.18	0.18	0.18	0.18	0.18
Other Intangible Assets	367.94	383.5	399.3	408.5	422.95
Long-Term Accounts Receivable	43.49	2.43	3.41	-	-
Long-Term Deferred Tax Assets	30.9	46.43	30.06	42.78	6.21
Long-Term Deferred Charges	20.9	22.74	20.6	23.07	19.26
Other Long-Term Assets	58.17	55.37	54.45	63.12	87.23
Total Assets	4,171	4,452	3,810	3,808	3,900
Accounts Payable	954.48	1,008	674.49	669.72	1,020
Accrued Expenses	52.99	49.09	41.59	45.72	43.13
Short-Term Debt	95.58	246.17	201.68	198.72	155.89
Current Portion of Long-Term Debt	20.18	50.05	30.03	0.17	0.15
Current Portion of Leases	59.2	68.47	31.56	77.62	11.17
Current Income Taxes Payable	21.65	30.91	34.1	24.77	21.74
Current Unearned Revenue	10.77	13.57	10.73	20.56	12.6
Other Current Liabilities	150.18	147.87	117.71	138.55	122.93
Total Current Liabilities	1,365	1,615	1,142	1,176	1,387
Long-Term Debt	107.22	98.46	122.52	144.38	114.38
Long-Term Leases	36.44	92.18	50.93	76.88	171.86
Long-Term Unearned Revenue	34.28	34.32	27.71	27.91	6.45
Long-Term Deferred Tax Liabilities	35.88	53.89	32.39	48.76	16.03
Other Long-Term Liabilities	-	-	0.46	-	-
Total Liabilities	1,579	1,893	1,376	1,474	1,696
Common Stock	346.67	346.67	346.67	346.67	266.67
Additional Paid-In Capital	802.26	814.55	814.38	814.09	896.15
Retained Earnings	1,223	1,170	1,090	1,006	894.78
Comprehensive Income & Other	15.01	25.67	21.74	29	27.42
Total Common Equity	2,387	2,357	2,273	2,196	2,085
Minority Interest	205.35	201.57	160.7	137.74	118.78
Shareholders' Equity	2,592	2,558	2,434	2,334	2,204
Total Liabilities & Equity	4,171	4,452	3,810	3,808	3,900
Total Debt	318.63	555.34	436.73	497.77	453.45
Net Cash (Debt)	369.27	29.64	23.94	145.52	109.17
Net Cash Growth	1146.05%	23.80%	-83.55%	33.29%	-85.80%
Net Cash Per Share	1.06	0.09	0.07	0.42	0.32
Filing Date Shares Outstanding	346.67	346.67	346.67	346.67	346.67
Total Common Shares Outstanding	346.67	346.67	346.67	346.67	346.67
Working Capital	1,068	962.65	1,018	865.46	821.69
Book Value Per Share	6.88	6.80	6.56	6.33	6.01
Tangible Book Value	2,018	1,973	1,874	1,787	1,662
Tangible Book Value Per Share	5.82	5.69	5.41	5.16	4.79
Buildings	464.12	465.05	357.8	284.66	164.85
Machinery	851.71	840.32	669.88	573.58	509.89
Construction In Progress	91.38	84.4	166.38	255.39	270.18

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