Zhejiang Taotao Vehicles Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,375	1,530	1,938	190.98	213.37
Trading Asset Securities	-	0.23	-	-	0.17
Cash & Short-Term Investments	1,375	1,530	1,938	190.98	213.54
Cash Growth	-10.12%	-21.02%	914.52%	-10.57%	-12.79%
Accounts Receivable	939.2	698.2	588.1	287.99	180.06
Other Receivables	22.9	30.68	17.64	12.09	5.63
Receivables	962.09	728.88	605.75	300.08	185.69
Inventory	1,706	1,206	714.8	722.79	660.75
Other Current Assets	111.78	94.33	74.92	58.92	62.09
Total Current Assets	4,155	3,560	3,333	1,273	1,122
Property, Plant & Equipment	941.44	724.51	380.52	362.03	317.29
Long-Term Investments	15	-	-	-	-
Goodwill	177.02	-	-	-	-
Other Intangible Assets	558.57	235.78	49.44	37.94	38.82
Long-Term Deferred Tax Assets	48.56	17.34	14.58	14.06	3.68
Long-Term Deferred Charges	2.35	-	0.71	1.3	1.27
Other Long-Term Assets	8.16	1.34	9.26	2.52	5.01
Total Assets	5,906	4,539	3,787	1,691	1,488
Accounts Payable	913.27	680.37	408.99	294.33	375.34
Accrued Expenses	34.79	47.32	31.68	32.24	33.65
Short-Term Debt	857.88	414.92	224.28	264.1	221.7
Current Portion of Long-Term Debt	77.51	14.53	0.3	0.2	-
Current Portion of Leases	-	29.06	27	24.76	22.15
Current Income Taxes Payable	145.64	28.66	18.04	0.84	5.95
Current Unearned Revenue	56.97	27.52	25.99	32.95	22.31
Other Current Liabilities	15.12	21.99	9.06	2.57	0.52
Total Current Liabilities	2,101	1,264	745.35	651.98	681.63
Long-Term Debt	-	-	14.53	9.04	-
Long-Term Leases	98.58	40.31	33.04	34.77	33.12
Long-Term Unearned Revenue	19.46	17.95	13.35	11.17	11.81
Long-Term Deferred Tax Liabilities	27.28	0.46	3.51	3.51	0.03
Other Long-Term Liabilities	39.16	34.67	35.88	26.49	20.53
Total Liabilities	2,286	1,358	845.65	736.95	747.12
Common Stock	109.05	109.75	109.33	82	82
Additional Paid-In Capital	1,890	1,923	1,900	54.79	54.79
Retained Earnings	1,632	1,196	928.44	811.96	605.69
Treasury Stock	-	-63.84	-	-	-
Comprehensive Income & Other	-10.8	15.37	4.54	4.92	-1.46
Total Common Equity	3,621	3,181	2,942	953.67	741.02
Minority Interest	0.07	0.07	-	-	-
Shareholders' Equity	3,621	3,181	2,942	953.67	741.02
Total Liabilities & Equity	5,906	4,539	3,787	1,691	1,488
Total Debt	1,034	498.82	299.15	332.86	276.97
Net Cash (Debt)	341.49	1,031	1,638	-141.88	-63.42
Net Cash Growth	-66.89%	-37.04%	-	-	-
Net Cash Per Share	3.13	9.45	15.95	-1.73	-0.77
Filing Date Shares Outstanding	109.28	108.63	108.98	109.33	82
Total Common Shares Outstanding	109.28	108.63	109.33	82	82
Working Capital	2,054	2,295	2,588	620.79	440.44
Book Value Per Share	33.13	29.28	26.91	11.63	9.04
Tangible Book Value	2,885	2,945	2,892	915.74	702.2
Tangible Book Value Per Share	26.40	27.11	26.45	11.17	8.56
Buildings	-	476.8	250.46	237.8	198.55
Machinery	-	205.84	147.2	121.11	75.98
Construction In Progress	-	88.64	4.25	2.38	26.3

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