Tian Lun Gas 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	1,185	1,103	964.31	1,340	1,015	1,640
Short-Term Investments	34.37	14.54	14.33	10.9	6.75	27.08
Trading Asset Securities	0.98	-	-	-	30	-
Accounts Receivable	3,732	3,605	3,698	3,604	3,129	1,753
Other Receivables	146.51	99.26	101.9	120.92	125.24	157.87
Inventory	163.1	229.08	180.84	129.26	154.64	115.88
Restricted Cash	369.19	215.49	199.24	134.75	177.28	24.65
Other Current Assets	654.59	731.36	585.64	642.42	576.88	643.81
Total Current Assets	6,286	5,998	5,745	5,982	5,215	4,363
Property, Plant & Equipment	4,090	4,109	4,022	3,914	3,791	3,303
Goodwill	-	2,693	2,737	2,737	2,737	2,248
Other Intangible Assets	4,643	2,013	2,123	2,244	2,360	1,840
Long-Term Investments	949.49	928.65	918.91	941.5	846.27	845.42
Long-Term Deferred Tax Assets	20.87	14.17	8.04	18.04	27.04	27.46
Other Long-Term Assets	201.51	154.79	137.46	122.47	128.39	292.58
Total Assets	16,192	15,910	15,691	15,959	15,105	12,918
Accounts Payable	516.19	583.2	567.85	798.19	833.99	878.15
Accrued Expenses	211.85	239.96	313.4	248.73	283.96	242.43
Current Portion of Long-Term Debt	2,236	2,596	3,688	2,915	2,061	2,295
Current Unearned Revenue	468.87	567.84	612.18	575.85	592	458.07
Current Portion of Leases	6.04	7.11	3.05	1.57	2.91	3.98
Current Income Taxes Payable	393.25	409.88	391.16	414.42	437.57	398.24
Other Current Liabilities	84.38	91.08	128.36	130.47	344.03	281.01
Total Current Liabilities	3,916	4,495	5,704	5,085	4,555	4,556
Long-Term Debt	5,276	4,396	3,114	4,288	4,248	2,770
Long-Term Leases	5.51	10.03	6.41	6.89	7.06	4.23
Long-Term Unearned Revenue	30.98	35.22	18.95	11.39	12.63	13.9
Long-Term Deferred Tax Liabilities	691.16	711.08	735.91	745.5	753.67	593.22
Total Liabilities	9,920	9,648	9,579	10,136	9,576	7,938
Common Stock	8.26	8.26	8.26	8.51	8.47	8.47
Additional Paid-In Capital	81.32	81.32	81.32	341.1	528.13	817.46
Retained Earnings	4,896	6,024	5,874	5,395	4,950	3,949
Treasury Stock	-73.23	-73.23	-73.23	-158.93	-200.7	-
Comprehensive Income & Other	1,058	-95.9	-90.9	-77.4	-67.79	-76.11
Total Common Equity	5,970	5,944	5,800	5,508	5,218	4,699
Minority Interest	301.91	318.21	312.15	314.73	310.2	281.09
Shareholders' Equity	6,272	6,262	6,112	5,823	5,528	4,980
Total Liabilities & Equity	16,192	15,910	15,691	15,959	15,105	12,918
Total Debt	7,523	7,009	6,811	7,212	6,319	5,073
Net Cash (Debt)	-6,303	-5,892	-5,832	-5,860	-5,267	-3,406
Net Cash Per Share	-6.50	-6.08	-6.02	-5.96	-5.27	-3.40
Filing Date Shares Outstanding	969.07	969.07	969.07	969.95	972.13	1,004
Total Common Shares Outstanding	969.07	969.07	969.07	969.95	972.13	1,004
Working Capital	2,370	1,503	41.15	897.57	659.76	-193.93
Book Value Per Share	6.16	6.13	5.98	5.68	5.37	4.68
Tangible Book Value	1,326	1,239	940.28	527.54	121.18	611.76
Tangible Book Value Per Share	1.37	1.28	0.97	0.54	0.12	0.61
Buildings	-	581.73	560.91	545.44	538.94	483.21
Machinery	-	540.55	535.77	501.71	485.8	458.6
Construction In Progress	-	240.66	267.16	286.7	306.9	224.9

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