China Tontine Wines 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	29.97	0.76	95.48	70.89	85.87
Cash & Short-Term Investments	29.97	0.76	95.48	70.89	85.87
Cash Growth	3870.07%	-99.21%	34.69%	-17.44%	129.30%
Accounts Receivable	93.21	76.68	117.25	132.49	118.74
Other Receivables	13.86	62.63	7.58	9.56	13.7
Receivables	107.07	139.31	124.83	142.05	132.44
Inventory	53.21	48.7	132.84	170.33	210.31
Other Current Assets	3.91	-	0.55	0.29	0.3
Total Current Assets	194.16	188.77	353.69	383.56	428.92
Property, Plant & Equipment	28.34	28.67	144.95	178.21	179.01
Other Long-Term Assets	-	-	54.79	45.3	37.91
Total Assets	222.51	217.43	553.43	607.07	645.84
Accounts Payable	21.69	15.3	8.91	2.22	17.99
Accrued Expenses	-	3.83	14.29	15.99	27.62
Short-Term Debt	10.61	-	-	6.3	7.02
Current Portion of Leases	0.19	-	1.62	0.75	0.79
Current Income Taxes Payable	1.51	0.17	9.96	9.96	9.96
Other Current Liabilities	35.48	40.81	17.89	3.98	2.94
Total Current Liabilities	69.47	60.11	52.67	39.21	66.31
Long-Term Leases	0.02	-	3.38	0.16	0.79
Total Liabilities	69.49	60.11	56.05	39.37	67.1
Common Stock	25.83	25.83	25.83	25.22	22.75
Additional Paid-In Capital	-	983.69	983.69	978.67	954.78
Retained Earnings	-	-1,014	-692.44	-612.24	-585.84
Comprehensive Income & Other	65.91	96.8	86.85	92	101.84
Total Common Equity	91.73	92.58	403.92	483.63	493.52
Minority Interest	61.29	64.75	93.47	84.07	85.22
Shareholders' Equity	153.02	157.33	497.39	567.71	578.74
Total Liabilities & Equity	222.51	217.43	553.43	607.07	645.84
Total Debt	10.81	-	5.01	7.21	8.6
Net Cash (Debt)	19.16	0.76	90.48	63.68	77.27
Net Cash Growth	2437.88%	-99.17%	42.08%	-17.59%	153.25%
Net Cash Per Share	0.06	0.00	0.30	0.22	0.32
Filing Date Shares Outstanding	300.58	301.56	301.56	294.05	264.05
Total Common Shares Outstanding	300.58	301.56	301.56	294.05	264.05
Working Capital	124.69	128.66	301.03	344.35	362.61
Book Value Per Share	0.31	0.31	1.34	1.64	1.87
Tangible Book Value	91.73	92.58	403.92	483.63	493.52
Tangible Book Value Per Share	0.31	0.31	1.34	1.64	1.87
Buildings	-	23.07	520.71	520.71	499.19
Machinery	-	25.11	386.35	386.29	434.49
Construction In Progress	-	2.77	9.2	9.2	8.55

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