Tian Chang Group Holdings Balance Sheet

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

Millions HKD. 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	118.45	129.45	132.59	128.37	114.67	116.97
Short-Term Investments	0.24	0.54	0.43	3.02	0.21	0.15
Cash & Short-Term Investments	118.69	129.99	133.02	131.39	114.88	117.11
Cash Growth	-21.57%	-2.28%	1.25%	14.37%	-1.91%	36.58%
Accounts Receivable	113.99	126.43	102.76	212.13	214.61	150.26
Other Receivables	4.42	3.17	9.8	15.72	27.74	28.9
Receivables	118.41	129.6	112.56	227.85	242.35	179.16
Inventory	68.07	71.42	78.21	128.54	171.88	99.19
Prepaid Expenses	1.77	1.78	2.89	5.71	8.89	11.99
Restricted Cash	-	-	-	7.15	7.78	-
Other Current Assets	0.81	0.55	0.44	2.95	3.35	-
Total Current Assets	307.74	333.34	327.13	503.59	549.13	407.44
Property, Plant & Equipment	545.5	561.74	612.49	665	764.84	720.74
Long-Term Accounts Receivable	-	-	-	-	1.62	4.04
Long-Term Deferred Tax Assets	2.7	2.71	1.83	4	0.92	1.26
Other Long-Term Assets	26.89	26.53	32.94	32.03	30.53	29.82
Total Assets	882.82	924.31	974.38	1,205	1,347	1,163
Accounts Payable	61.91	73.07	55.51	159.7	200.68	130.06
Accrued Expenses	23.32	32.7	39.54	74.59	77.67	64.64
Short-Term Debt	20.71	31.22	61.72	109.48	198.6	174.35
Current Portion of Long-Term Debt	0.08	0.1	1.13	21.03	37.57	43.52
Current Portion of Leases	2.12	2.15	2.39	2.03	10.64	16.89
Current Income Taxes Payable	1.85	2.69	2.24	4.86	9.94	17.99
Current Unearned Revenue	9.1	14.25	11.16	19.56	11.34	8.67
Total Current Liabilities	119.09	156.18	173.69	391.23	546.44	456.11
Long-Term Debt	2.34	2.25	2.19	13.56	26.59	38.73
Long-Term Leases	5.2	6.15	1.43	1.69	0.34	10.53
Long-Term Unearned Revenue	6.34	6.97	8.59	10.02	12.28	9.22
Long-Term Deferred Tax Liabilities	8.18	7.83	5.72	6.39	6.6	10.46
Total Liabilities	141.14	179.37	191.62	422.89	592.25	525.06
Common Stock	62	62	62	62	62	62
Additional Paid-In Capital	34.2	34.2	34.2	34.2	34.2	34.2
Retained Earnings	601.31	612.9	635.82	624.53	530.92	443.91
Comprehensive Income & Other	44.16	35.84	50.74	60.99	127.67	98.12
Shareholders' Equity	741.68	744.94	782.76	781.73	754.79	638.23
Total Liabilities & Equity	882.82	924.31	974.38	1,205	1,347	1,163
Total Debt	30.44	41.87	68.85	147.78	273.74	284.02
Net Cash (Debt)	88.24	88.12	64.17	-16.4	-158.86	-166.91
Net Cash Growth	14.24%	37.33%	-	-	-	-
Net Cash Per Share	0.14	0.14	0.10	-0.03	-0.25	-0.27
Filing Date Shares Outstanding	620	620	620	620	620	620
Total Common Shares Outstanding	620	620	620	620	620	620
Working Capital	188.65	177.16	153.44	112.36	2.69	-48.67
Book Value Per Share	1.20	1.20	1.26	1.26	1.22	1.03
Tangible Book Value	741.68	744.94	782.76	781.73	754.79	638.23
Tangible Book Value Per Share	1.20	1.20	1.26	1.26	1.22	1.03
Buildings	372.45	366.96	374.76	381.39	267.07	258.99
Machinery	484.23	478.58	484.82	487.05	448.8	420.4
Construction In Progress	-	-	-	-	159.65	95.71
Leasehold Improvements	128.16	126.31	126.04	128.23	127.73	123.73

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.