Zhongtian Service 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	113.04	161.64	334.86	201.77	169.32	247.99
Trading Asset Securities	125.42	136.76	-	-	-	-
Cash & Short-Term Investments	238.46	298.4	334.86	201.77	169.32	247.99
Cash Growth	-25.37%	-10.89%	65.96%	19.16%	-31.72%	561.93%
Accounts Receivable	167.76	137.5	107.43	72.71	46.75	17.16
Other Receivables	9.84	8.62	10.84	3.69	4.18	3.72
Receivables	177.6	146.12	118.27	76.4	50.93	20.88
Inventory	0.24	0.28	1.15	1.55	0.23	0.29
Other Current Assets	28.07	26.85	3.31	3.39	3.27	1.27
Total Current Assets	444.37	471.65	457.59	283.1	223.75	270.43
Property, Plant & Equipment	18.66	19.77	6.99	5.5	6.38	6.46
Long-Term Investments	72.39	72.39	-	-	-	-
Other Intangible Assets	1	1.09	0.34	0.52	0.48	0.47
Long-Term Deferred Tax Assets	9.23	8.24	2.85	2.03	1.09	0.33
Long-Term Deferred Charges	0.66	0.43	0.87	1.05	1.38	1.09
Other Long-Term Assets	38.16	36.6	30.85	30.01	18.57	11.58
Total Assets	584.48	610.17	499.48	322.21	251.66	290.36
Accounts Payable	47.36	44.96	35.26	23.04	10.78	6.82
Accrued Expenses	13.96	21.86	22.87	23.9	22.75	25.75
Current Portion of Leases	-	4.41	1.13	0.89	1.33	1.27
Current Income Taxes Payable	7.45	5.04	4.04	4.76	8.85	10.22
Current Unearned Revenue	75.26	67.76	65.25	68.5	46.07	47.24
Other Current Liabilities	65.06	95.36	59.1	59.38	47.23	88.83
Total Current Liabilities	209.1	239.39	187.65	180.47	137	180.12
Long-Term Leases	10.66	11.89	0.83	0.71	1.86	1.28
Long-Term Unearned Revenue	-	-	-	-	-	0.02
Long-Term Deferred Tax Liabilities	3.6	3.9	0.49	0.38	0.43	-
Other Long-Term Liabilities	0.29	0.49	8.36	8.26	0.01	56.34
Total Liabilities	223.64	255.67	197.33	189.82	139.3	237.75
Common Stock	327.1	327.1	327.1	292.54	292.54	292.54
Additional Paid-In Capital	1,862	1,862	1,862	1,734	1,734	1,734
Retained Earnings	-1,849	-1,855	-1,887	-1,894	-1,913	-1,975
Comprehensive Income & Other	20.36	20.36	-	-	-	-
Total Common Equity	360.63	354.31	301.87	131.97	113.09	51.58
Minority Interest	0.21	0.19	0.28	0.41	-0.73	1.03
Shareholders' Equity	360.84	354.5	302.15	132.39	112.36	52.61
Total Liabilities & Equity	584.48	610.17	499.48	322.21	251.66	290.36
Total Debt	10.66	16.3	1.96	1.59	3.19	2.54
Net Cash (Debt)	227.8	282.1	332.9	200.18	166.13	245.45
Net Cash Growth	-28.35%	-15.26%	66.30%	20.49%	-32.31%	555.14%
Net Cash Per Share	0.71	0.88	0.94	0.69	0.57	0.84
Filing Date Shares Outstanding	316.07	327.1	327.1	292.54	292.54	292.54
Total Common Shares Outstanding	316.07	327.1	327.1	292.54	292.54	292.54
Working Capital	235.28	232.26	269.93	102.63	86.75	90.31
Book Value Per Share	1.14	1.08	0.92	0.45	0.39	0.18
Tangible Book Value	359.63	353.22	301.53	131.45	112.6	51.11
Tangible Book Value Per Share	1.14	1.08	0.92	0.45	0.38	0.17
Machinery	-	6.78	7.18	6.42	5.28	7.67
Construction In Progress	-	1.78	2	0.71	0.66	-

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