China Master Logistics 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	746.62	686.58	584.3	460.07	642.51	495.89
Trading Asset Securities	1.06	1.32	0.68	0.6	0.79	66.73
Cash & Short-Term Investments	747.68	687.9	584.97	460.67	643.3	562.62
Cash Growth	4.86%	17.59%	26.98%	-28.39%	14.34%	-26.83%
Accounts Receivable	1,516	1,529	1,684	1,275	1,045	1,519
Other Receivables	174.74	137.45	231.59	374.52	289.56	67.88
Receivables	1,691	1,667	1,916	1,650	1,335	1,587
Inventory	12.91	16.67	12.98	13.94	14.38	10.97
Other Current Assets	96.84	62.32	63.47	35.99	49.02	48.65
Total Current Assets	2,548	2,434	2,577	2,160	2,041	2,209
Property, Plant & Equipment	657.37	1,080	1,182	945.99	969.87	871.53
Long-Term Investments	324.11	136.12	181.69	195.76	258.73	283.47
Goodwill	0.18	0.18	0.18	0.18	0.18	0.18
Other Intangible Assets	234.2	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	26.66	30.9	46.43	30.06	42.78	6.21
Long-Term Deferred Charges	8.77	20.9	22.74	20.6	23.07	19.26
Other Long-Term Assets	108.49	58.17	55.37	54.45	63.12	87.23
Total Assets	3,908	4,171	4,452	3,810	3,808	3,900
Accounts Payable	868.83	954.48	1,008	674.49	669.72	1,020
Accrued Expenses	12.3	52.99	49.09	41.59	45.72	43.13
Short-Term Debt	18.56	95.58	246.17	201.68	198.72	155.89
Current Portion of Long-Term Debt	51.31	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	40.83	21.65	30.91	34.1	24.77	21.74
Current Unearned Revenue	35.52	10.77	13.57	10.73	20.56	12.6
Other Current Liabilities	125.45	150.18	147.87	117.71	138.55	122.93
Total Current Liabilities	1,153	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	28.89	36.44	92.18	50.93	76.88	171.86
Long-Term Unearned Revenue	11.81	34.28	34.32	27.71	27.91	6.45
Long-Term Deferred Tax Liabilities	35.94	35.88	53.89	32.39	48.76	16.03
Other Long-Term Liabilities	-	-	-	0.46	-	-
Total Liabilities	1,229	1,579	1,893	1,376	1,474	1,696
Common Stock	346.67	346.67	346.67	346.67	346.67	266.67
Additional Paid-In Capital	802.27	802.26	814.55	814.38	814.09	896.15
Retained Earnings	1,326	1,223	1,170	1,090	1,006	894.78
Comprehensive Income & Other	7.56	15.01	25.67	21.74	29	27.42
Total Common Equity	2,482	2,387	2,357	2,273	2,196	2,085
Minority Interest	196.37	205.35	201.57	160.7	137.74	118.78
Shareholders' Equity	2,678	2,592	2,558	2,434	2,334	2,204
Total Liabilities & Equity	3,908	4,171	4,452	3,810	3,808	3,900
Total Debt	98.76	318.63	555.34	436.73	497.77	453.45
Net Cash (Debt)	648.91	369.27	29.64	23.94	145.52	109.17
Net Cash Growth	236.51%	1146.05%	23.80%	-83.55%	33.29%	-85.80%
Net Cash Per Share	1.87	1.06	0.09	0.07	0.42	0.32
Filing Date Shares Outstanding	340.78	346.67	346.67	346.67	346.67	346.67
Total Common Shares Outstanding	340.78	346.67	346.67	346.67	346.67	346.67
Working Capital	1,395	1,068	962.65	1,018	865.46	821.69
Book Value Per Share	7.28	6.88	6.80	6.56	6.33	6.01
Tangible Book Value	2,248	2,018	1,973	1,874	1,787	1,662
Tangible Book Value Per Share	6.60	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.