Tongcheng Travel Holdings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	6,075	6,506	8,020	5,192	3,547	2,046
Short-Term Investments	1,890	2,322	558.13	2,642	688.06	184.6
Trading Asset Securities	4,967	3,445	2,733	1,632	2,669	3,343
Cash & Short-Term Investments	12,932	12,273	11,311	9,466	6,904	5,574
Cash Growth	18.33%	8.51%	19.50%	37.10%	23.88%	-19.28%
Accounts Receivable	2,510	2,383	1,835	1,218	888.48	670.32
Other Receivables	-	630.62	389.94	326.66	316.83	314.38
Receivables	2,510	3,014	2,225	1,545	1,205	984.7
Inventory	12.56	948.24	983.13	780.8	399.45	339.22
Prepaid Expenses	-	316.09	275.68	164.53	184.79	158.32
Restricted Cash	302.2	442.39	136.36	144.89	88.44	54.6
Other Current Assets	6,163	3,271	3,310	2,799	1,602	262.91
Total Current Assets	21,920	20,264	18,241	14,900	10,384	7,373
Property, Plant & Equipment	4,770	4,805	4,032	3,051	1,677	1,543
Long-Term Investments	3,397	3,356	3,969	3,153	3,981	3,967
Goodwill	-	6,197	5,233	5,034	4,267	4,267
Other Intangible Assets	12,645	6,686	5,606	4,580	4,347	4,119
Long-Term Accounts Receivable	-	-	-	-	48.46	53.49
Long-Term Deferred Tax Assets	242.27	275.91	213.44	206.21	209.49	174.68
Other Long-Term Assets	338.95	360.52	484.12	792.97	121.49	8.76
Total Assets	43,313	41,945	37,777	31,717	25,035	21,506
Accounts Payable	5,365	4,670	4,627	4,260	2,672	2,377
Accrued Expenses	-	1,689	1,416	1,215	875.67	688.52
Short-Term Debt	-	3,188	1,169	725.13	100.09	-
Current Portion of Long-Term Debt	3,152	83.72	190.15	1,815	343.22	19.69
Current Portion of Leases	291.27	300.14	174.19	40.74	25.04	34.19
Current Income Taxes Payable	230.21	211.35	168.22	124.77	35.2	14.38
Current Unearned Revenue	438.33	773.29	571.3	367.14	185.32	249.86
Other Current Liabilities	6,393	3,822	3,281	3,339	1,880	1,328
Total Current Liabilities	15,870	14,737	11,597	11,887	6,117	4,711
Long-Term Debt	860.41	828.31	2,794	10.94	1,858	93.54
Long-Term Leases	913.29	1,007	680.49	420.46	88.39	181.98
Long-Term Unearned Revenue	133.27	172.47	27.77	32.32	37.9	-
Long-Term Deferred Tax Liabilities	1,036	1,055	766.61	744.86	605.01	496.53
Other Long-Term Liabilities	574.42	572.39	948.43	74.64	338.63	764.34
Total Liabilities	19,388	18,372	16,815	13,170	9,044	6,248
Common Stock	8.12	8.11	8.02	7.77	7.71	7.63
Additional Paid-In Capital	21,483	21,405	20,762	20,116	19,877	19,571
Retained Earnings	3,999	3,748	1,761	96.97	-1,457	-1,311
Treasury Stock	-0.07	-0.07	-0.12	-	-	-
Comprehensive Income & Other	-2,586	-2,606	-2,529	-2,518	-2,696	-3,048
Total Common Equity	22,905	22,555	20,001	17,703	15,732	15,219
Minority Interest	1,021	1,018	960.84	843.58	258.34	39.46
Shareholders' Equity	23,925	23,573	20,962	18,546	15,990	15,259
Total Liabilities & Equity	43,313	41,945	37,777	31,717	25,035	21,506
Total Debt	5,217	5,407	5,008	3,012	2,415	329.39
Net Cash (Debt)	7,715	6,866	6,303	6,453	4,490	5,244
Net Cash Growth	29.70%	8.94%	-2.34%	43.74%	-14.39%	-19.44%
Net Cash Per Share	3.28	2.94	2.75	2.81	2.02	2.33
Filing Date Shares Outstanding	2,362	2,349	2,285	2,263	2,240	2,218
Total Common Shares Outstanding	2,362	2,349	2,285	2,255	2,240	2,218
Working Capital	6,050	5,528	6,643	3,013	4,267	2,662
Book Value Per Share	9.70	9.60	8.75	7.85	7.02	6.86
Tangible Book Value	10,260	9,672	9,163	8,089	7,118	6,833
Tangible Book Value Per Share	4.34	4.12	4.01	3.59	3.18	3.08
Buildings	-	2,625	2,532	1,804	1,259	998.87
Machinery	-	1,108	1,016	1,134	943.21	871.93
Construction In Progress	-	366.92	168.7	238.4	18.96	32.64
Leasehold Improvements	-	437.16	368.95	242.76	148.86	101.38

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