China Master Logistics 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	503.19	686.58	584.3	460.07	642.51	495.89
Trading Asset Securities	1.05	1.32	0.68	0.6	0.79	66.73
Cash & Short-Term Investments	504.24	687.9	584.97	460.67	643.3	562.62
Cash Growth	-6.54%	17.59%	26.98%	-28.39%	14.34%	-26.83%
Accounts Receivable	1,938	1,529	1,684	1,275	1,045	1,519
Other Receivables	148.15	137.45	231.59	374.52	289.56	67.88
Receivables	2,086	1,667	1,916	1,650	1,335	1,587
Inventory	12.85	16.67	12.98	13.94	14.38	10.97
Other Current Assets	76.05	62.32	63.47	35.99	49.02	48.65
Total Current Assets	2,679	2,434	2,577	2,160	2,041	2,209
Property, Plant & Equipment	627.31	1,080	1,182	945.99	969.87	871.53
Long-Term Investments	319.73	136.12	181.69	195.76	258.73	283.47
Goodwill	0.24	0.18	0.18	0.18	0.18	0.18
Other Intangible Assets	231.78	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	26.72	30.9	46.43	30.06	42.78	6.21
Long-Term Deferred Charges	7.41	20.9	22.74	20.6	23.07	19.26
Other Long-Term Assets	74.76	58.17	55.37	54.45	63.12	87.23
Total Assets	4,011	4,171	4,452	3,810	3,808	3,900

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	1,147	954.48	1,008	674.49	669.72	1,020
Accrued Expenses	35.96	52.99	49.09	41.59	45.72	43.13
Short-Term Debt	10	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	45.04	59.2	68.47	31.56	77.62	11.17
Current Income Taxes Payable	31.58	21.65	30.91	34.1	24.77	21.74
Current Unearned Revenue	23.83	10.77	13.57	10.73	20.56	12.6
Other Current Liabilities	131.11	150.18	147.87	117.71	138.55	122.93
Total Current Liabilities	1,425	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	28.22	36.44	92.18	50.93	76.88	171.86
Long-Term Unearned Revenue	12.38	34.28	34.32	27.71	27.91	6.45
Long-Term Deferred Tax Liabilities	32.83	35.88	53.89	32.39	48.76	16.03
Other Long-Term Liabilities	-	-	-	0.46	-	-
Total Liabilities	1,498	1,579	1,893	1,376	1,474	1,696

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	346.67	346.67	346.67	346.67	346.67	266.67
Additional Paid-In Capital	802.22	802.26	814.55	814.38	814.09	896.15
Retained Earnings	1,177	1,223	1,170	1,090	1,006	894.78
Comprehensive Income & Other	0.08	15.01	25.67	21.74	29	27.42
Total Common Equity	2,326	2,387	2,357	2,273	2,196	2,085
Minority Interest	186.17	205.35	201.57	160.7	137.74	118.78
Shareholders' Equity	2,512	2,592	2,558	2,434	2,334	2,204
Total Liabilities & Equity	4,011	4,171	4,452	3,810	3,808	3,900

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	83.26	318.63	555.34	436.73	497.77	453.45
Net Cash (Debt)	420.98	369.27	29.64	23.94	145.52	109.17
Net Cash Growth	842.42%	1146.05%	23.80%	-83.55%	33.29%	-85.80%
Net Cash Per Share	1.21	1.06	0.09	0.07	0.42	0.32
Filing Date Shares Outstanding	346.67	346.67	346.67	346.67	346.67	346.67
Total Common Shares Outstanding	346.67	346.67	346.67	346.67	346.67	346.67
Working Capital	1,254	1,068	962.65	1,018	865.46	821.69
Book Value Per Share	6.71	6.88	6.80	6.56	6.33	6.01
Tangible Book Value	2,094	2,018	1,973	1,874	1,787	1,662
Tangible Book Value Per Share	6.04	5.82	5.69	5.41	5.16	4.79
Buildings	196.99	464.12	465.05	357.8	284.66	164.85
Machinery	707.46	851.71	840.32	669.88	573.58	509.89
Construction In Progress	-	91.38	84.4	166.38	255.39	270.18