Tat Hong Equipment Service Co., Ltd. (FRA:1Q2)

FRA:1Q2 Balance Sheet

Financials in millions CNY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	133.05	145.53	138.94	155.55	169.86	149.52
Short-Term Investments	14.02	13.03	15.57	21.93	25.36	14.06
Trading Asset Securities	-	-	-	-	-	200.82
Cash & Short-Term Investments	147.07	158.56	154.51	177.48	195.22	364.39
Cash Growth	-20.56%	2.62%	-12.94%	-9.09%	-46.42%	556.26%
Accounts Receivable	870.69	900.62	970.53	885.31	867.33	688.7
Other Receivables	-	90.86	80.46	106.68	68.39	-
Receivables	870.69	991.48	1,051	991.98	935.72	688.7
Inventory	42.91	35.14	44.46	39.58	33.81	21.02
Prepaid Expenses	-	8.93	6.21	11.11	9.14	-
Restricted Cash	0.77	0.37	0.37	3.42	-	-
Other Current Assets	166.45	37.07	41.65	28.87	18.7	66.91
Total Current Assets	1,228	1,232	1,298	1,252	1,193	1,141
Property, Plant & Equipment	1,619	1,707	1,658	1,752	1,642	1,231
Other Intangible Assets	11.03	13.1	16.71	21.18	25.57	30.03
Long-Term Accounts Receivable	66.24	25.29	23.8	66.55	27.3	32.92
Other Long-Term Assets	66.7	130.1	81.25	60.59	31.53	46.82
Total Assets	2,991	3,107	3,078	3,153	2,919	2,482
Accounts Payable	355.38	365.22	327.77	387.27	431.44	169.62
Accrued Expenses	-	23.87	21.47	21.42	31.54	43.52
Short-Term Debt	142.33	-	-	-	-	-
Current Portion of Long-Term Debt	482.93	615.55	483.48	363.85	167.09	125.93
Current Portion of Leases	49.18	48.71	26.14	38.09	24.35	33.01
Current Income Taxes Payable	-	6.29	5.75	9.19	6.37	20.33
Current Unearned Revenue	4.03	1.96	2.53	0.9	15.06	8.33
Other Current Liabilities	48.19	41.92	35.98	48.2	64.85	31.39
Total Current Liabilities	1,082	1,104	903.11	868.91	740.7	432.13
Long-Term Debt	474.16	507.07	612.41	617.42	474.87	356.7
Long-Term Leases	114.53	92.97	58.31	47.57	34.38	34.18
Long-Term Deferred Tax Liabilities	58.8	68.41	57.81	67.63	70.71	84.04
Other Long-Term Liabilities	13.8	32.83	24.91	33.91	28.14	23.77
Total Liabilities	1,743	1,805	1,657	1,635	1,349	930.81
Common Stock	593.03	593.03	593.03	593.03	593.03	593.03
Additional Paid-In Capital	181.94	181.94	181.94	181.94	198.35	256.38
Retained Earnings	198.14	253.77	374.33	469.96	505.78	458.14
Comprehensive Income & Other	272	272.01	272.13	272.69	272.68	243.39
Total Common Equity	1,245	1,301	1,421	1,518	1,570	1,551
Minority Interest	2.25	1.7	-	-	-	-
Shareholders' Equity	1,247	1,302	1,421	1,518	1,570	1,551
Total Liabilities & Equity	2,991	3,107	3,078	3,153	2,919	2,482
Total Debt	1,263	1,264	1,180	1,067	700.69	549.82
Net Cash (Debt)	-1,116	-1,106	-1,026	-889.44	-505.47	-185.43
Net Cash Per Share	-0.96	-0.95	-0.88	-0.76	-0.43	-0.20
Filing Date Shares Outstanding	1,167	1,167	1,167	1,167	1,167	1,167
Total Common Shares Outstanding	1,167	1,167	1,167	1,167	1,167	1,167
Working Capital	145.84	128.02	395.08	383.54	451.89	708.89
Book Value Per Share	1.07	1.11	1.22	1.30	1.35	1.33
Tangible Book Value	1,234	1,288	1,405	1,496	1,544	1,521
Tangible Book Value Per Share	1.06	1.10	1.20	1.28	1.32	1.30
Buildings	-	40.9	38.61	35.11	15.58	12.24
Machinery	-	2,548	2,501	2,485	2,347	1,869
Construction In Progress	-	2.98	3.89	20.77	9	6.79
Leasehold Improvements	-	22.09	18.84	16.72	15.24	12.95

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