Tianli Holdings Group Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	41.82	63.7	32.67	62.47	62.86
Trading Asset Securities	217.27	43.74	371.1	155.88	-
Cash & Short-Term Investments	259.1	107.44	403.77	218.35	62.86
Cash Growth	141.15%	-73.39%	84.92%	247.34%	4.26%
Accounts Receivable	462.77	378.81	347.16	261.6	190.98
Other Receivables	3.73	33.39	18.98	40.52	29.35
Receivables	466.5	412.2	366.14	302.12	220.33
Inventory	250.38	207.21	195.31	195.06	248.2
Prepaid Expenses	50.67	5.9	6.82	6.85	12.44
Other Current Assets	18.63	23.05	33.4	6.31	5.7
Total Current Assets	1,045	755.8	1,005	728.68	549.54
Property, Plant & Equipment	1,049	963.95	913.52	751.97	481.01
Long-Term Investments	243.27	419.69	41.03	256.18	457.32
Other Intangible Assets	1.2	0.25	0.44	0.45	0.82
Long-Term Deferred Tax Assets	0.01	0.01	0.02	29.21	28.3
Other Long-Term Assets	74.52	74.13	53.34	50.21	72.56
Total Assets	2,413	2,214	2,014	1,817	1,590
Accounts Payable	196.05	148.14	116.05	60.77	68.98
Accrued Expenses	-	52.64	43.97	46.47	47.08
Short-Term Debt	-	-	-	413.9	132.4
Current Portion of Long-Term Debt	586.78	1,043	715.81	6.22	252.42
Current Portion of Leases	1.83	6.23	9.22	13.02	12.93
Current Income Taxes Payable	3.21	3.29	13.22	10.97	10.58
Current Unearned Revenue	205.15	1.7	4.3	5.1	2.71
Other Current Liabilities	-	103.98	61.07	58.32	51.52
Total Current Liabilities	993.02	1,359	963.63	614.77	578.62
Long-Term Debt	748.64	319.69	359.03	276.61	6.22
Long-Term Leases	2.92	0.03	1.58	5.88	16.64
Long-Term Unearned Revenue	16.12	3.48	4.14	5.11	10.01
Long-Term Deferred Tax Liabilities	8.27	13.8	17.45	24.07	29.61
Total Liabilities	1,769	1,696	1,346	926.45	641.1
Common Stock	6.64	6.64	6.64	6.64	6.64
Additional Paid-In Capital	-	693.28	693.28	693.28	693.28
Retained Earnings	-	-191.62	-38.25	183.9	228.74
Comprehensive Income & Other	637.85	9.3	6.3	2.79	10.57
Total Common Equity	644.49	517.6	667.96	886.6	939.23
Minority Interest	-	-	-	3.65	9.22
Shareholders' Equity	644.49	517.6	667.96	890.24	948.44
Total Liabilities & Equity	2,413	2,214	2,014	1,817	1,590
Total Debt	1,340	1,369	1,086	715.64	420.61
Net Cash (Debt)	-1,081	-1,262	-681.86	-497.29	-357.75
Net Cash Per Share	-1.45	-1.69	-0.92	-0.67	-0.48
Filing Date Shares Outstanding	746.3	744.75	744.75	744.75	744.75
Total Common Shares Outstanding	746.3	744.75	744.75	744.75	744.75
Working Capital	52.26	-603.42	41.82	113.9	-29.09
Book Value Per Share	0.86	0.69	0.90	1.19	1.26
Tangible Book Value	643.29	517.36	667.52	886.15	938.41
Tangible Book Value Per Share	0.86	0.69	0.90	1.19	1.26
Buildings	-	480.52	309.3	14.26	22.17
Machinery	-	1,050	844.82	680	672.07
Construction In Progress	-	11.04	222.63	372.75	83.07
Leasehold Improvements	-	8.18	7.5	8.21	8.67

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