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 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	1,300	885.65	1,203	1,117	613.61	1,022
Short-Term Investments	-	813.91	-	-	-	-
Trading Asset Securities	523.89	932.15	332.23	616.96	530.28	1,783
Cash & Short-Term Investments	1,824	2,632	1,536	1,734	1,144	2,805
Cash Growth	-	71.38%	-11.45%	51.60%	-59.22%	22.11%
Accounts Receivable	2.95	1.84	-	29.15	128.77	185.15
Other Receivables	137.24	-	-	-	-44.42	19.86
Receivables	140.19	1.84	-	29.15	211.38	195.11
Inventory	-	-	-	-	-	10.64
Other Current Assets	12.87	151.98	74.76	124.48	77.74	16.94
Total Current Assets	1,977	2,786	1,610	1,888	1,433	3,028
Property, Plant & Equipment	20.49	20.74	14.88	21.36	20.62	216.38
Long-Term Investments	947.98	10,059	12,189	14,438	16,088	14,031
Goodwill	0.06	0.06	0.06	0.06	0.06	14.41
Other Intangible Assets	-	-	-	-	-	15.65
Long-Term Deferred Tax Assets	287.49	279.56	26.68	14.38	9.07	28.66
Long-Term Deferred Charges	0.88	-	-	-	2.45	4.75
Other Long-Term Assets	9,317	343.83	351.79	361.9	-	0.65
Total Assets	12,551	13,489	14,193	16,724	17,553	17,339
Accounts Payable	-	-	-	-	-	106.73
Accrued Expenses	0.1	-	2.65	1.82	1.74	10.61
Short-Term Debt	-	-	-	70	85.24	343.33
Current Portion of Long-Term Debt	-	6.7	1,010	218.95	20.4	1,830
Current Portion of Leases	-	9.52	7.61	8.73	6.82	6.5
Current Income Taxes Payable	43.26	76.24	29.66	19.13	24.79	24.58
Current Unearned Revenue	0.49	0.49	25.38	42.54	62.65	77.84
Other Current Liabilities	211.65	435.11	351.21	216.22	232.22	243.84
Total Current Liabilities	255.5	528.06	1,426	577.39	433.86	2,644
Long-Term Debt	496.82	494.87	-	786.98	980.91	-
Long-Term Leases	10.71	10.71	6.56	11.52	13.83	1.11
Long-Term Deferred Tax Liabilities	134.36	135.83	1.16	119.09	200.55	7.72
Other Long-Term Liabilities	5,210	5,756	6,299	7,903	8,597	8,075
Total Liabilities	6,107	6,925	7,733	9,398	10,226	10,728
Common Stock	693.03	693.03	693.03	693.03	519.77	519.77
Additional Paid-In Capital	4,411	-	773	773	3,638	3,643
Retained Earnings	1,278	-	1,157	2,048	3,026	2,466
Comprehensive Income & Other	70.82	5,849	3,814	3,787	112.94	-100.54
Total Common Equity	6,422	6,542	6,437	7,302	7,297	6,528
Minority Interest	21.65	21.87	22.7	24.06	30.56	83.54
Shareholders' Equity	6,444	6,564	6,460	7,326	7,327	6,612
Total Liabilities & Equity	12,551	13,489	14,193	16,724	17,553	17,339
Total Debt	507.53	521.79	1,024	1,096	1,107	2,181
Net Cash (Debt)	1,316	2,110	511.88	638.01	36.69	623.73
Net Cash Growth	-	312.19%	-19.77%	1639.04%	-94.12%	373.00%
Net Cash Per Share	1.91	3.06	0.74	1.14	0.07	1.20
Filing Date Shares Outstanding	682.33	686.93	693.03	693.03	519.77	519.77
Total Common Shares Outstanding	682.33	686.93	693.03	693.03	519.77	519.77
Working Capital	1,721	2,257	184.3	1,310	999.15	383.93
Book Value Per Share	9.41	9.52	9.29	10.54	14.04	12.56
Tangible Book Value	6,422	6,542	6,437	7,302	7,297	6,498
Tangible Book Value Per Share	9.41	9.52	9.29	10.54	14.04	12.50
Buildings	-	-	-	-	-	98.54
Machinery	-	-	6.55	5.77	5.82	175.03
Construction In Progress	-	-	-	-	-	3.31
Leasehold Improvements	-	-	8.4	8.34	-	-

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