Times China Holdings 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	611.96	840.48	1,733	2,738	14,718	33,532
Cash & Short-Term Investments	611.96	840.48	1,733	2,738	14,718	33,532
Cash Growth	-60.29%	-51.50%	-36.72%	-81.39%	-56.11%	29.59%
Accounts Receivable	711.59	1,014	1,167	2,180	6,653	7,981
Other Receivables	2,477	2,516	4,282	4,243	7,366	7,460
Receivables	3,188	3,530	5,448	6,422	14,020	15,441
Inventory	41,962	44,664	62,905	79,111	89,814	79,079
Prepaid Expenses	2,302	1,781	2,607	2,633	2,245	1,811
Restricted Cash	1,014	1,283	2,005	3,749	5,469	3,687
Other Current Assets	14,076	17,141	19,272	23,455	29,808	32,513
Total Current Assets	63,155	69,239	93,971	118,108	156,074	166,063
Property, Plant & Equipment	508.88	651.3	849.52	8,920	10,408	8,271
Long-Term Investments	6,820	7,371	13,075	16,479	24,210	12,577
Goodwill	5.57	5.57	60.47	60.47	60.47	78.32
Other Intangible Assets	120.38	139.5	169.21	178.65	179.01	165.95
Long-Term Deferred Tax Assets	1,157	1,176	1,769	2,462	2,453	1,925
Other Long-Term Assets	9,826	9,963	11,212	3,699	5,008	2,422
Total Assets	81,593	88,545	121,107	149,907	198,393	191,502
Accounts Payable	4,439	5,542	8,202	12,886	18,385	20,608
Accrued Expenses	12,054	16,990	15,447	15,449	15,797	11,082
Short-Term Debt	20,114	19,526	19,216	24,645	-	-
Current Portion of Long-Term Debt	18,936	14,315	9,056	16,262	11,830	19,030
Current Portion of Leases	13.24	23.73	13.25	11.07	28.42	115.88
Current Income Taxes Payable	11,065	6,670	6,933	7,335	7,190	5,145
Current Unearned Revenue	3,481	3,825	14,013	25,991	32,350	26,108
Other Current Liabilities	10,083	10,350	13,663	10,055	23,408	26,020
Total Current Liabilities	80,185	77,241	86,543	112,634	108,989	108,109
Long-Term Debt	8,614	14,711	19,211	13,208	42,375	43,440
Long-Term Leases	3,083	3,089	2,964	2,440	2,400	2,210
Long-Term Deferred Tax Liabilities	1,355	1,372	1,726	1,660	1,766	1,744
Other Long-Term Liabilities	-	-	5.03	95.19	207.79	115.99
Total Liabilities	93,237	96,412	110,449	130,037	155,738	155,619
Common Stock	167.66	167.66	167.66	167.66	158.05	154.53
Additional Paid-In Capital	722.83	722.83	722.83	722.83	411.78	8.11
Retained Earnings	-18,955	-15,515	1,104	5,771	17,216	18,099
Comprehensive Income & Other	-1,478	-1,794	-1,361	-949.37	1,476	515.95
Total Common Equity	-19,542	-16,419	633.38	5,712	19,262	18,778
Minority Interest	7,897	8,552	10,024	14,158	23,393	17,106
Shareholders' Equity	-11,645	-7,867	10,658	19,870	42,655	35,883
Total Liabilities & Equity	81,593	88,545	121,107	149,907	198,393	191,502
Total Debt	50,761	51,665	50,460	56,566	56,634	64,796
Net Cash (Debt)	-50,149	-50,824	-48,727	-53,828	-41,915	-31,264
Net Cash Per Share	-23.86	-24.18	-23.18	-25.76	-21.36	-16.10
Filing Date Shares Outstanding	2,102	2,102	2,102	2,102	2,102	1,942
Total Common Shares Outstanding	2,102	2,102	2,102	2,102	1,984	1,942
Working Capital	-17,030	-8,002	7,428	5,474	47,085	57,954
Book Value Per Share	-9.30	-7.81	0.30	2.72	9.71	9.67
Tangible Book Value	-19,668	-16,564	403.71	5,473	19,023	18,533
Tangible Book Value Per Share	-9.36	-7.88	0.19	2.60	9.59	9.54
Buildings	-	768.28	895.1	1,039	1,023	1,020
Machinery	-	172.62	178.76	186.8	190.38	187.8
Leasehold Improvements	-	374.66	370.92	370.46	441.07	432.68

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