Tianli Holdings 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	2015 - 2019
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	2015 - 2019
Cash & Equivalents	36.93	63.7	32.67	62.47	62.86	60.3	Upgrade
Trading Asset Securities	54.07	43.74	371.1	155.88	-	-	Upgrade
Cash & Short-Term Investments	91.01	107.44	403.77	218.35	62.86	60.3	Upgrade
Cash Growth	-63.47%	-73.39%	84.92%	247.34%	4.26%	-65.59%	Upgrade
Accounts Receivable	399.88	378.81	347.16	261.6	190.98	185.24	Upgrade
Other Receivables	-	33.39	18.98	40.52	29.35	38.28	Upgrade
Receivables	399.88	412.2	366.14	302.12	220.33	223.51	Upgrade
Inventory	230.1	207.21	195.31	195.06	248.2	178.34	Upgrade
Prepaid Expenses	50.77	5.9	6.82	6.85	12.44	5.8	Upgrade
Other Current Assets	12.48	23.05	33.4	6.31	5.7	9.86	Upgrade
Total Current Assets	784.24	755.8	1,005	728.68	549.54	477.8	Upgrade
Property, Plant & Equipment	986.09	963.95	913.52	751.97	481.01	398.28	Upgrade
Long-Term Investments	409.22	419.69	41.03	256.18	457.32	413.32	Upgrade
Other Intangible Assets	0.14	0.25	0.44	0.45	0.82	1.3	Upgrade
Long-Term Deferred Tax Assets	0.01	0.01	0.02	29.21	28.3	23.95	Upgrade
Other Long-Term Assets	56.69	74.13	53.34	50.21	72.56	50.21	Upgrade
Total Assets	2,236	2,214	2,014	1,817	1,590	1,365	Upgrade
Accounts Payable	195.41	148.14	116.05	60.77	68.98	71.57	Upgrade
Accrued Expenses	-	52.64	43.97	46.47	47.08	41.74	Upgrade
Short-Term Debt	-	-	-	413.9	132.4	220.14	Upgrade
Current Portion of Long-Term Debt	1,043	1,043	715.81	6.22	252.42	-	Upgrade
Current Portion of Leases	1.15	6.23	9.22	13.02	12.93	14.08	Upgrade
Current Income Taxes Payable	1.01	3.29	13.22	10.97	10.58	10.4	Upgrade
Current Unearned Revenue	119.39	1.7	4.3	5.1	2.71	2.86	Upgrade
Other Current Liabilities	-	103.98	61.07	58.32	51.52	37.84	Upgrade
Total Current Liabilities	1,360	1,359	963.63	614.77	578.62	398.62	Upgrade
Long-Term Debt	375.42	319.69	359.03	276.61	6.22	-	Upgrade
Long-Term Leases	2.59	0.03	1.58	5.88	16.64	23.79	Upgrade
Long-Term Unearned Revenue	3.02	3.48	4.14	5.11	10.01	15.35	Upgrade
Long-Term Deferred Tax Liabilities	13.8	13.8	17.45	24.07	29.61	40.57	Upgrade
Total Liabilities	1,755	1,696	1,346	926.45	641.1	478.34	Upgrade
Common Stock	6.64	6.64	6.64	6.64	6.64	6.64	Upgrade
Additional Paid-In Capital	693.28	693.28	693.28	693.28	693.28	693.28	Upgrade
Retained Earnings	-225.42	-191.62	-38.25	183.9	228.74	159.92	Upgrade
Comprehensive Income & Other	6.69	9.3	6.3	2.79	10.57	10.85	Upgrade
Total Common Equity	481.19	517.6	667.96	886.6	939.23	870.68	Upgrade
Minority Interest	-	-	-	3.65	9.22	15.85	Upgrade
Shareholders' Equity	481.19	517.6	667.96	890.24	948.44	886.53	Upgrade
Total Liabilities & Equity	2,236	2,214	2,014	1,817	1,590	1,365	Upgrade
Total Debt	1,423	1,369	1,086	715.64	420.61	258.01	Upgrade
Net Cash (Debt)	-1,332	-1,262	-681.86	-497.29	-357.75	-197.72	Upgrade
Net Cash Per Share	-1.79	-1.69	-0.92	-0.67	-0.48	-0.27	Upgrade
Filing Date Shares Outstanding	744.75	744.75	744.75	744.75	744.75	744.75	Upgrade
Total Common Shares Outstanding	744.75	744.75	744.75	744.75	744.75	744.75	Upgrade
Working Capital	-576.13	-603.42	41.82	113.9	-29.09	79.18	Upgrade
Book Value Per Share	0.65	0.69	0.90	1.19	1.26	1.17	Upgrade
Tangible Book Value	481.05	517.36	667.52	886.15	938.41	869.38	Upgrade
Tangible Book Value Per Share	0.65	0.69	0.90	1.19	1.26	1.17	Upgrade
Buildings	-	480.52	309.3	14.26	22.17	14.04	Upgrade
Machinery	-	1,050	844.82	680	672.07	609.56	Upgrade
Construction In Progress	-	11.04	222.63	372.75	83.07	3.42	Upgrade
Leasehold Improvements	-	8.18	7.5	8.21	8.67	7.53	Upgrade

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