Hangzhou Toka Ink 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	829.86	707.45	862.68	685.41	723.23	339.58
Trading Asset Securities	135	270	140	300	200	535
Cash & Short-Term Investments	964.86	977.45	1,003	985.41	923.23	874.58
Cash Growth	-2.52%	-2.52%	1.75%	6.73%	5.56%	12.99%
Accounts Receivable	381.98	400.05	436.16	423.38	366.38	400.96
Other Receivables	4.79	4.71	4.71	4.65	4.42	4.1
Receivables	386.77	404.76	440.87	428.03	370.8	405.06
Inventory	201.44	190.24	190.24	165.12	167.27	203.85
Other Current Assets	9.13	4.03	3.6	3.76	1.3	4.38
Total Current Assets	1,562	1,576	1,637	1,582	1,463	1,488
Property, Plant & Equipment	548.03	522	309.26	259.06	235.06	248.09
Long-Term Investments	19.44	19.18	17.92	16.89	15.29	-
Goodwill	20.08	20.19	17.93	16.24	-	-
Other Intangible Assets	143.72	144.16	62.47	65.41	51.26	51.41
Long-Term Deferred Tax Assets	2.36	2.52	4.44	3.87	2.43	2.41
Long-Term Deferred Charges	2.47	2.6	0.02	0.01	-	-
Other Long-Term Assets	0.34	-	-	-	-	-
Total Assets	2,299	2,287	2,049	1,944	1,767	1,790
Accounts Payable	350.69	332.79	364.82	325.84	314.61	351.6
Accrued Expenses	13.29	39.34	55.58	50.23	45.27	47.61
Short-Term Debt	21.16	23.93	37.8	45.05	-	-
Current Income Taxes Payable	8.21	15.69	8	7.09	2.94	4.26
Current Unearned Revenue	5.8	3.66	0.47	3.54	0.93	1.91
Other Current Liabilities	8.58	5.44	2.8	0.76	0.4	0.75
Total Current Liabilities	407.72	420.84	469.48	432.52	364.16	406.13
Long-Term Unearned Revenue	120.49	120.66	0.08	0.44	0.88	1.33
Long-Term Deferred Tax Liabilities	5.29	5.39	2.71	2.96	0.32	-
Other Long-Term Liabilities	0.89	0.89	0.89	0.89	0.89	0.89
Total Liabilities	534.4	547.79	473.16	436.81	366.26	408.35
Common Stock	424.17	424.17	420.13	416	320	320
Additional Paid-In Capital	601.43	601.43	529.58	503.24	591.78	591.78
Retained Earnings	685.2	659.67	633.69	555.91	484.25	468.67
Treasury Stock	-18.88	-18.88	-43	-	-	-
Comprehensive Income & Other	11.22	10.38	6.94	4.63	2.32	0.98
Total Common Equity	1,703	1,677	1,547	1,480	1,398	1,381
Minority Interest	61.1	62.59	28.94	27.21	2.05	-
Shareholders' Equity	1,764	1,739	1,576	1,507	1,400	1,381
Total Liabilities & Equity	2,299	2,287	2,049	1,944	1,767	1,790
Total Debt	21.16	23.93	37.8	45.05	-	-
Net Cash (Debt)	943.7	953.53	964.88	940.35	923.23	874.58
Net Cash Growth	-1.65%	-1.18%	2.61%	1.85%	5.56%	12.99%
Net Cash Per Share	2.27	2.28	2.36	2.30	2.23	2.09
Filing Date Shares Outstanding	399.69	403.6	412.57	416	416	416
Total Common Shares Outstanding	399.69	403.6	412.57	416	416	416
Working Capital	1,154	1,156	1,168	1,150	1,098	1,082
Book Value Per Share	4.26	4.15	3.75	3.56	3.36	3.32
Tangible Book Value	1,539	1,512	1,467	1,398	1,347	1,330
Tangible Book Value Per Share	3.85	3.75	3.56	3.36	3.24	3.20
Buildings	-	-	232.46	232.43	197.99	196.18
Machinery	-	-	463.64	458.92	444.28	431.61
Construction In Progress	-	-	93.44	17.63	3.7	2.3

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