Tian Lun Gas 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	1,238	1,103	964.31	1,340	1,015
Short-Term Investments	20	14.54	14.33	10.9	6.75
Trading Asset Securities	-	-	-	-	30
Accounts Receivable	3,212	3,605	3,698	3,604	3,129
Other Receivables	115.23	99.26	101.9	120.92	125.24
Inventory	207.05	229.08	180.84	129.26	154.64
Restricted Cash	137.85	215.49	199.24	134.75	177.28
Other Current Assets	658.21	731.36	585.64	642.42	576.88
Total Current Assets	5,588	5,998	5,745	5,982	5,215
Property, Plant & Equipment	4,072	4,109	4,022	3,914	3,791
Goodwill	2,664	2,693	2,737	2,737	2,737
Other Intangible Assets	1,904	2,013	2,123	2,244	2,360
Long-Term Investments	945.88	922.48	918.91	941.5	846.27
Long-Term Deferred Tax Assets	9.48	14.17	8.04	18.04	27.04
Other Long-Term Assets	212.65	160.97	137.46	122.47	128.39
Total Assets	15,397	15,910	15,691	15,959	15,105
Accounts Payable	354.88	583.2	567.85	798.19	833.99
Accrued Expenses	246.17	239.96	313.4	248.73	283.96
Current Portion of Long-Term Debt	1,945	2,596	3,688	2,915	2,061
Current Unearned Revenue	651.95	567.84	612.18	575.85	592
Current Portion of Leases	9.43	7.11	3.05	1.57	2.91
Current Income Taxes Payable	393.02	409.88	391.16	414.42	437.57
Other Current Liabilities	101.26	91.08	128.36	130.47	344.03
Total Current Liabilities	3,702	4,495	5,704	5,085	4,555
Long-Term Debt	4,926	4,396	3,114	4,288	4,248
Long-Term Leases	9.84	10.03	6.41	6.89	7.06
Long-Term Unearned Revenue	30.2	35.22	18.95	11.39	12.63
Long-Term Deferred Tax Liabilities	589.73	711.08	735.91	745.5	753.67
Other Long-Term Liabilities	12.37	-	-	-	-
Total Liabilities	9,270	9,648	9,579	10,136	9,576
Common Stock	8.26	8.26	8.26	8.51	8.47
Additional Paid-In Capital	81.32	81.32	81.32	341.1	528.13
Retained Earnings	5,923	6,024	5,874	5,395	4,950
Treasury Stock	-78.6	-73.23	-73.23	-158.93	-200.7
Comprehensive Income & Other	-102.3	-95.9	-90.9	-77.4	-67.79
Total Common Equity	5,832	5,944	5,800	5,508	5,218
Minority Interest	294.38	318.21	312.15	314.73	310.2
Shareholders' Equity	6,126	6,262	6,112	5,823	5,528
Total Liabilities & Equity	15,397	15,910	15,691	15,959	15,105
Total Debt	6,891	7,009	6,811	7,212	6,319
Net Cash (Debt)	-5,632	-5,892	-5,832	-5,860	-5,267
Net Cash Per Share	-5.81	-6.08	-6.02	-5.96	-5.27
Filing Date Shares Outstanding	967.26	969.07	969.07	969.95	972.13
Total Common Shares Outstanding	967.26	969.07	969.07	969.95	972.13
Working Capital	1,887	1,503	41.15	897.57	659.76
Book Value Per Share	6.03	6.13	5.98	5.68	5.37
Tangible Book Value	1,264	1,239	940.28	527.54	121.18
Tangible Book Value Per Share	1.31	1.28	0.97	0.54	0.12
Buildings	617.43	581.73	560.91	545.44	538.94
Machinery	546.39	540.55	535.77	501.71	485.8
Construction In Progress	143.73	240.66	267.16	286.7	306.9

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