Times China Holdings 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	412.89	840.48	1,733	2,738	14,718
Cash & Short-Term Investments	412.89	840.48	1,733	2,738	14,718
Cash Growth	-50.88%	-51.50%	-36.72%	-81.39%	-56.11%
Accounts Receivable	651.32	1,014	1,167	2,180	6,653
Other Receivables	2,282	2,516	4,282	4,243	7,366
Receivables	2,933	3,530	5,448	6,422	14,020
Inventory	30,706	44,664	62,905	79,111	89,814
Prepaid Expenses	1,957	1,781	2,607	2,633	2,245
Restricted Cash	-	1,283	2,005	3,749	5,469
Other Current Assets	12,569	17,141	19,272	23,455	29,808
Total Current Assets	48,578	69,239	93,971	118,108	156,074
Property, Plant & Equipment	478.07	651.3	849.52	8,920	10,408
Long-Term Investments	5,559	7,371	13,075	16,479	24,210
Goodwill	2.34	5.57	60.47	60.47	60.47
Other Intangible Assets	106.93	139.5	169.21	178.65	179.01
Long-Term Deferred Tax Assets	1,258	1,176	1,769	2,462	2,453
Other Long-Term Assets	8,885	9,963	11,212	3,699	5,008
Total Assets	64,868	88,545	121,107	149,907	198,393
Accounts Payable	4,541	5,542	8,202	12,886	18,385
Accrued Expenses	-	16,990	15,447	15,449	15,797
Short-Term Debt	-	19,526	19,216	24,645	-
Current Portion of Long-Term Debt	21,326	14,315	9,056	16,262	11,830
Current Portion of Leases	16.49	23.73	13.25	11.07	28.42
Current Income Taxes Payable	11,534	6,670	6,933	7,335	7,190
Current Unearned Revenue	2,515	3,825	14,013	25,991	32,350
Other Current Liabilities	19,491	10,350	13,663	10,055	23,408
Total Current Liabilities	59,423	77,241	86,543	112,634	108,989
Long-Term Debt	8,785	14,711	19,211	13,208	42,375
Long-Term Leases	3,103	3,089	2,964	2,440	2,400
Long-Term Deferred Tax Liabilities	1,174	1,372	1,726	1,660	1,766
Other Long-Term Liabilities	214.25	-	5.03	95.19	207.79
Total Liabilities	72,699	96,412	110,449	130,037	155,738
Common Stock	211.97	167.66	167.66	167.66	158.05
Additional Paid-In Capital	-	722.83	722.83	722.83	411.78
Retained Earnings	-	-15,515	1,104	5,771	17,216
Comprehensive Income & Other	-15,870	-1,794	-1,361	-949.37	1,476
Total Common Equity	-15,658	-16,419	633.38	5,712	19,262
Minority Interest	7,826	8,552	10,024	14,158	23,393
Shareholders' Equity	-7,831	-7,867	10,658	19,870	42,655
Total Liabilities & Equity	64,868	88,545	121,107	149,907	198,393
Total Debt	33,230	51,665	50,460	56,566	56,634
Net Cash (Debt)	-32,817	-50,824	-48,727	-53,828	-41,915
Net Cash Per Share	-12.91	-24.18	-23.18	-25.76	-21.36
Filing Date Shares Outstanding	2,981	2,102	2,102	2,102	2,102
Total Common Shares Outstanding	2,981	2,102	2,102	2,102	1,984
Working Capital	-10,846	-8,002	7,428	5,474	47,085
Book Value Per Share	-5.25	-7.81	0.30	2.72	9.71
Tangible Book Value	-15,767	-16,564	403.71	5,473	19,023
Tangible Book Value Per Share	-5.29	-7.88	0.19	2.60	9.59
Buildings	-	768.28	895.1	1,039	1,023
Machinery	-	172.62	178.76	186.8	190.38
Leasehold Improvements	-	374.66	370.92	370.46	441.07

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.