Jushen Logistics Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	135.97	180.8	236.03	317.81	323.28	79.21
Cash & Short-Term Investments	135.97	180.8	236.03	317.81	323.28	79.21
Cash Growth	27.60%	-23.40%	-25.73%	-1.69%	308.15%	164.56%
Accounts Receivable	287.83	138.53	93.57	93.68	103.29	57.18
Other Receivables	34.09	16.98	20.4	22.94	17.62	7.57
Receivables	321.93	155.51	113.98	116.62	120.91	64.75
Inventory	26.81	6.67	21.39	34.35	61.99	18.08
Prepaid Expenses	-	-	-	0.01	-	-
Other Current Assets	106.71	35.36	18.2	16.28	20.2	12.86
Total Current Assets	591.42	378.34	389.6	485.07	526.37	174.9
Property, Plant & Equipment	743.4	715.37	513.01	534.2	300.94	54.35
Goodwill	0.18	0.18	0.18	0.18	0.18	0.18
Other Intangible Assets	214.1	218.93	180.74	115.93	119.24	88.54
Long-Term Accounts Receivable	-	14.07	14.57	15.25	-	-
Long-Term Deferred Tax Assets	6.44	5.56	5.63	2.55	1.16	0.73
Long-Term Deferred Charges	136.99	140.18	149.35	86.73	73.98	48.41
Other Long-Term Assets	174.29	0.63	33.49	21.54	5.64	0.22
Total Assets	1,867	1,473	1,287	1,261	1,028	367.33
Accounts Payable	96.27	102.27	35.32	97.29	30.4	6.43
Accrued Expenses	11.26	18.56	15.22	12.32	9.79	7.13
Short-Term Debt	177.37	119.02	154.43	170.47	91.29	76.08
Current Portion of Long-Term Debt	57.68	17.78	6.59	-	-	0.24
Current Portion of Leases	-	15.41	12.09	6.65	3.84	-
Current Income Taxes Payable	31.55	10.38	8.52	6.44	5.12	13.97
Current Unearned Revenue	45.48	27.28	19.51	13.15	7.13	1.97
Other Current Liabilities	63.21	54.88	18.95	20.51	9.22	2.29
Total Current Liabilities	482.82	365.58	270.64	326.84	156.78	108.11
Long-Term Debt	373.9	151.69	122.27	83.31	-	5.77
Long-Term Leases	173.82	191.11	155.01	155.44	138.09	-
Long-Term Deferred Tax Liabilities	0.02	0.01	-	0.01	0.15	0.8
Total Liabilities	1,031	708.39	547.91	565.6	295.02	114.68
Common Stock	166.69	128.8	128.8	128.8	128.8	96.56
Additional Paid-In Capital	371.87	405.98	405.98	405.98	405.98	5.16
Retained Earnings	303.63	244.38	200.7	158.48	196.17	149.55
Treasury Stock	-9.47	-30.48	-	-	-	-
Comprehensive Income & Other	3.64	3.53	3.18	2.61	1.56	1.38
Total Common Equity	836.36	752.21	738.66	695.87	732.5	252.65
Minority Interest	-0.09	12.65	-	-	-	-
Shareholders' Equity	836.27	764.87	738.66	695.87	732.5	252.65
Total Liabilities & Equity	1,867	1,473	1,287	1,261	1,028	367.33
Total Debt	782.77	495.01	450.38	415.88	233.21	82.09
Net Cash (Debt)	-646.8	-314.21	-214.35	-98.07	90.07	-2.89
Net Cash Per Share	-3.91	-1.90	-1.27	-0.58	0.58	-0.02
Filing Date Shares Outstanding	167.25	164.19	164.19	167.44	167.44	167.44
Total Common Shares Outstanding	167.25	164.19	167.44	167.44	167.44	125.53
Working Capital	108.6	12.75	118.96	158.23	369.59	66.78
Book Value Per Share	5.00	4.58	4.41	4.16	4.37	2.01
Tangible Book Value	622.07	533.09	557.73	579.76	613.08	163.93
Tangible Book Value Per Share	3.72	3.25	3.33	3.46	3.66	1.31
Buildings	-	332.6	259.81	133.97	16.6	16.6
Machinery	-	287.89	164.12	114.79	87.69	48.72
Construction In Progress	-	18.13	19.7	197.55	88.83	12.51

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.