Tongdao Liepin 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	887.44	810.24	666.73	476.48	495.78	516.94
Short-Term Investments	903.41	2,068	1,973	2,424	938.6	2,215
Cash & Short-Term Investments	1,791	2,878	2,639	2,900	1,434	2,732
Cash Growth	-6.29%	9.05%	-8.99%	102.19%	-47.50%	1.34%
Accounts Receivable	251.94	205.65	146.29	160.73	93.54	92.55
Other Receivables	94	88.6	101.95	90.07	113.87	77.62
Receivables	345.94	296.36	250.55	253.04	214.42	181.04
Restricted Cash	-	-	-	-	2	-
Other Current Assets	844.15	73	71.43	65.3	77.06	71.33
Total Current Assets	2,981	3,248	2,961	3,219	1,728	2,985
Property, Plant & Equipment	124.86	128.94	154.63	233.12	230.73	184.18
Long-Term Investments	300.48	228.08	416.09	437.78	1,866	143.38
Goodwill	840.18	840.18	840.18	855.65	855.65	855.65
Other Intangible Assets	76.18	84.91	104.28	125.43	177.08	229.81
Long-Term Deferred Tax Assets	17.23	15.62	15.63	17.58	20.86	21.34
Other Long-Term Assets	10.11	38.69	36.56	36.15	7.51	31.08
Total Assets	4,350	4,584	4,529	4,924	4,886	4,450
Accounts Payable	106.32	90.47	82.75	136.11	54.04	51.61
Accrued Expenses	160.65	234.41	266.49	328.45	395.68	194.48
Short-Term Debt	97.62	58.02	20.22	8.71	-	-
Current Portion of Leases	43.37	56.58	59.88	64.68	66.72	51.32
Current Income Taxes Payable	1.02	7.21	3.34	9.17	33.03	32.02
Current Unearned Revenue	771.2	786.48	796.44	829.2	988.62	850.2
Other Current Liabilities	11.62	27.96	64.86	78.1	45.82	121.82
Total Current Liabilities	1,192	1,261	1,294	1,454	1,584	1,301
Long-Term Leases	22.34	33.04	53.88	104.77	80.21	62.88
Long-Term Deferred Tax Liabilities	7.37	8.03	11.34	18.85	26.38	43.16
Total Liabilities	1,222	1,302	1,359	1,578	1,690	1,407
Common Stock	0.33	0.33	0.34	0.34	0.34	0.34
Additional Paid-In Capital	2,643	-	2,831	2,837	2,810	2,767
Retained Earnings	579.11	-	366.86	366.11	321.74	187.31
Comprehensive Income & Other	-261.24	3,064	-305.07	-128.72	-149.7	-80.13
Total Common Equity	2,961	3,064	2,893	3,074	2,983	2,875
Minority Interest	166.98	217.67	276.73	271.72	212.87	168.02
Shareholders' Equity	3,128	3,282	3,170	3,346	3,195	3,043
Total Liabilities & Equity	4,350	4,584	4,529	4,924	4,886	4,450
Total Debt	163.33	147.64	133.98	178.17	146.93	114.19
Net Cash (Debt)	1,628	2,731	2,505	2,722	1,287	2,618
Net Cash Growth	-7.22%	8.98%	-7.96%	111.43%	-50.82%	3.35%
Net Cash Per Share	3.39	5.71	5.20	5.40	2.50	5.04
Filing Date Shares Outstanding	477.55	514.48	479.39	524.78	523.79	521.46
Total Common Shares Outstanding	477.55	514.48	479.39	524.78	523.79	521.46
Working Capital	1,789	1,986	1,667	1,764	143.95	1,683
Book Value Per Share	6.20	5.96	6.03	5.86	5.69	5.51
Tangible Book Value	2,045	2,139	1,948	2,093	1,950	1,789
Tangible Book Value Per Share	4.28	4.16	4.06	3.99	3.72	3.43
Buildings	-	18.82	18.74	18.74	18.34	8.88
Machinery	-	91.31	83	77.29	61.06	42.44
Leasehold Improvements	-	76.35	65.72	61.62	54.67	38.84

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