Zhejiang Taotao Vehicles 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	1,340	1,375	1,530	1,938	190.98	213.37
Trading Asset Securities	30	-	0.23	-	-	0.17
Cash & Short-Term Investments	1,370	1,375	1,530	1,938	190.98	213.54
Cash Growth	-26.18%	-10.12%	-21.02%	914.52%	-10.57%	-12.79%
Accounts Receivable	906.92	939.2	698.2	588.1	287.99	180.06
Other Receivables	15.23	22.9	30.68	17.64	12.09	5.63
Receivables	922.15	962.09	728.88	605.75	300.08	185.69
Inventory	1,832	1,706	1,206	714.8	722.79	660.75
Other Current Assets	120.05	111.78	94.33	74.92	58.92	62.09
Total Current Assets	4,244	4,155	3,560	3,333	1,273	1,122
Property, Plant & Equipment	921.27	941.44	724.51	380.52	362.03	317.29
Goodwill	174.27	177.02	-	-	-	-
Other Intangible Assets	541.69	558.57	235.78	49.44	37.94	38.82
Long-Term Deferred Tax Assets	68.32	48.56	17.34	14.58	14.06	3.68
Long-Term Deferred Charges	2.24	2.35	-	0.71	1.3	1.27
Other Long-Term Assets	44.95	23.16	1.34	9.26	2.52	5.01
Total Assets	6,019	5,906	4,539	3,787	1,691	1,488
Accounts Payable	990.68	913.27	680.37	408.99	294.33	375.34
Accrued Expenses	27.95	69.17	47.32	31.68	32.24	33.65
Short-Term Debt	745.73	857.88	414.92	224.28	264.1	221.7
Current Portion of Long-Term Debt	76.15	-	14.53	0.3	0.2	-
Current Portion of Leases	-	77.51	29.06	27	24.76	22.15
Current Income Taxes Payable	178.71	105.26	28.66	18.04	0.84	5.95
Current Unearned Revenue	67.24	56.97	27.52	25.99	32.95	22.31
Other Current Liabilities	9.1	21.12	21.99	9.06	2.57	0.52
Total Current Liabilities	2,096	2,101	1,264	745.35	651.98	681.63
Long-Term Debt	-	-	-	14.53	9.04	-
Long-Term Leases	78.09	98.58	40.31	33.04	34.77	33.12
Long-Term Unearned Revenue	23.14	19.46	17.95	13.35	11.17	11.81
Long-Term Deferred Tax Liabilities	25.6	27.28	0.46	3.51	3.51	0.03
Other Long-Term Liabilities	17.5	39.16	34.67	35.88	26.49	20.53
Total Liabilities	2,240	2,286	1,358	845.65	736.95	747.12
Common Stock	109.05	109.05	109.75	109.33	82	82
Additional Paid-In Capital	1,890	1,890	1,923	1,900	54.79	54.79
Retained Earnings	1,808	1,632	1,196	928.44	811.96	605.69
Treasury Stock	-	-	-63.84	-	-	-
Comprehensive Income & Other	-28.52	-10.8	15.37	4.54	4.92	-1.46
Total Common Equity	3,779	3,621	3,181	2,942	953.67	741.02
Minority Interest	0.07	0.07	0.07	-	-	-
Shareholders' Equity	3,779	3,621	3,181	2,942	953.67	741.02
Total Liabilities & Equity	6,019	5,906	4,539	3,787	1,691	1,488
Total Debt	899.97	1,034	498.82	299.15	332.86	276.97
Net Cash (Debt)	469.99	341.49	1,031	1,638	-141.88	-63.42
Net Cash Growth	-57.94%	-66.89%	-37.04%	-	-	-
Net Cash Per Share	4.31	3.13	9.45	15.95	-1.73	-0.77
Filing Date Shares Outstanding	108.83	109.05	108.63	108.98	109.33	82
Total Common Shares Outstanding	108.83	109.05	108.63	109.33	82	82
Working Capital	2,148	2,054	2,295	2,588	620.79	440.44
Book Value Per Share	34.72	33.20	29.28	26.91	11.63	9.04
Tangible Book Value	3,063	2,885	2,945	2,892	915.74	702.2
Tangible Book Value Per Share	28.14	26.46	27.11	26.45	11.17	8.56
Buildings	-	635.2	476.8	250.46	237.8	198.55
Machinery	-	254.31	205.84	147.2	121.11	75.98
Construction In Progress	-	45.91	88.64	4.25	2.38	26.3

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