Tian Tu Capital Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,219	1,203	1,117	613.61	1,022	793.4
Trading Asset Securities	253.9	332.23	616.96	530.28	1,783	1,504
Cash & Short-Term Investments	1,473	1,536	1,734	1,144	2,805	2,297
Cash Growth	5.87%	-11.45%	51.60%	-59.22%	22.11%	-38.27%
Accounts Receivable	5.25	-	29.15	128.77	185.15	175.8
Other Receivables	64.18	-	-	-44.42	19.86	187.6
Receivables	69.43	-	29.15	211.38	195.11	363.4
Inventory	-	-	-	-	10.64	94.37
Other Current Assets	12.74	74.76	124.48	77.74	16.94	22.71
Total Current Assets	1,556	1,610	1,888	1,433	3,028	2,777
Property, Plant & Equipment	24.76	14.88	21.36	20.62	216.38	873.93
Long-Term Investments	11,535	12,189	14,438	16,088	14,031	11,527
Goodwill	0.06	0.06	0.06	0.06	14.41	297.85
Other Intangible Assets	-	-	-	-	15.65	35.74
Long-Term Deferred Tax Assets	77.91	26.68	14.38	9.07	28.66	41.52
Long-Term Deferred Charges	2.09	-	-	2.45	4.75	47.89
Other Long-Term Assets	349.18	351.79	361.9	-	0.65	113.97
Total Assets	13,545	14,193	16,724	17,553	17,339	15,715
Accounts Payable	-	-	-	-	106.73	105.65
Accrued Expenses	8.07	2.65	1.82	1.74	10.61	160.84
Short-Term Debt	-	-	70	85.24	343.33	236.76
Current Portion of Long-Term Debt	516.4	1,010	218.95	20.4	1,830	144.63
Current Portion of Leases	9.34	7.61	8.73	6.82	6.5	-
Current Income Taxes Payable	44.65	29.66	19.13	24.79	24.58	28.8
Current Unearned Revenue	3	25.38	42.54	62.65	77.84	134.25
Other Current Liabilities	135.92	351.21	216.22	232.22	243.84	221.38
Total Current Liabilities	717.37	1,426	577.39	433.86	2,644	1,032
Long-Term Debt	295.83	-	786.98	980.91	-	1,784
Long-Term Leases	15.76	6.56	11.52	13.83	1.11	-
Long-Term Unearned Revenue	-	-	-	-	-	14.07
Long-Term Deferred Tax Liabilities	-	1.16	119.09	200.55	7.72	10.06
Other Long-Term Liabilities	5,990	6,299	7,903	8,597	8,075	6,823
Total Liabilities	7,019	7,733	9,398	10,226	10,728	9,663
Common Stock	693.03	693.03	693.03	519.77	519.77	519.77
Additional Paid-In Capital	4,411	773	773	3,638	3,643	3,550
Retained Earnings	1,233	1,157	2,048	3,026	2,466	1,731
Comprehensive Income & Other	168.62	3,814	3,787	112.94	-100.54	-45.49
Total Common Equity	6,503	6,437	7,302	7,297	6,528	5,756
Minority Interest	23.14	22.7	24.06	30.56	83.54	296.56
Shareholders' Equity	6,526	6,460	7,326	7,327	6,612	6,052
Total Liabilities & Equity	13,545	14,193	16,724	17,553	17,339	15,715
Total Debt	837.33	1,024	1,096	1,107	2,181	2,165
Net Cash (Debt)	636.04	511.88	638.01	36.69	623.73	131.87
Net Cash Growth	74.51%	-19.77%	1639.04%	-94.12%	373.00%	-73.28%
Net Cash Per Share	0.92	0.74	1.14	0.07	1.20	0.25
Filing Date Shares Outstanding	692.02	693.03	693.03	519.77	519.77	519.77
Total Common Shares Outstanding	692.02	693.03	693.03	519.77	519.77	519.77
Working Capital	838.17	184.3	1,310	999.15	383.93	1,745
Book Value Per Share	9.40	9.29	10.54	14.04	12.56	11.07
Tangible Book Value	6,503	6,437	7,302	7,297	6,498	5,422
Tangible Book Value Per Share	9.40	9.29	10.54	14.04	12.50	10.43
Buildings	-	-	-	-	98.54	448.13
Machinery	6.54	6.55	5.77	5.82	175.03	336.73
Construction In Progress	-	-	-	-	3.31	3.48
Leasehold Improvements	-	8.4	8.34	-	-	-

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