Tian Chang Group Holdings Balance Sheet

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

Millions HKD. 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	132.24	129.45	132.59	128.37	114.67
Short-Term Investments	0.3	0.54	0.43	3.02	0.21
Cash & Short-Term Investments	132.54	129.99	133.02	131.39	114.88
Cash Growth	1.97%	-2.28%	1.25%	14.37%	-1.91%
Accounts Receivable	113.45	126.43	102.76	212.13	214.61
Other Receivables	4.71	1.63	8.51	15.72	27.74
Receivables	118.15	128.06	111.27	227.85	242.35
Inventory	62.41	71.42	78.21	128.54	171.88
Prepaid Expenses	3.11	3.32	4.18	5.71	8.89
Restricted Cash	-	-	-	7.15	7.78
Other Current Assets	0.81	0.55	0.44	2.95	3.35
Total Current Assets	317.02	333.34	327.13	503.59	549.13
Property, Plant & Equipment	528.35	561.74	612.49	665	764.84
Long-Term Accounts Receivable	-	-	-	-	1.62
Long-Term Deferred Tax Assets	1.13	2.71	1.83	4	0.92
Other Long-Term Assets	27	26.53	32.94	32.03	30.53
Total Assets	873.5	924.31	974.38	1,205	1,347
Accounts Payable	59.47	73.07	55.51	159.7	200.68
Accrued Expenses	26.66	32.7	39.54	74.59	77.67
Short-Term Debt	-	31.22	61.72	109.48	198.6
Current Portion of Long-Term Debt	0.03	0.1	1.13	21.03	37.57
Current Portion of Leases	2	2.15	2.39	2.03	10.64
Current Income Taxes Payable	1.43	2.69	2.24	4.86	9.94
Current Unearned Revenue	8.85	14.25	11.16	19.56	11.34
Total Current Liabilities	98.44	156.18	173.69	391.23	546.44
Long-Term Debt	2.33	2.25	2.19	13.56	26.59
Long-Term Leases	4.47	6.15	1.43	1.69	0.34
Long-Term Unearned Revenue	5.66	6.97	8.59	10.02	12.28
Long-Term Deferred Tax Liabilities	8.8	7.83	5.72	6.39	6.6
Total Liabilities	119.7	179.37	191.62	422.89	592.25
Common Stock	62	62	62	62	62
Additional Paid-In Capital	34.2	34.2	34.2	34.2	34.2
Retained Earnings	598.44	612.9	635.82	624.53	530.92
Comprehensive Income & Other	59.15	35.84	50.74	60.99	127.67
Shareholders' Equity	753.8	744.94	782.76	781.73	754.79
Total Liabilities & Equity	873.5	924.31	974.38	1,205	1,347
Total Debt	8.83	41.87	68.85	147.78	273.74
Net Cash (Debt)	123.72	88.12	64.17	-16.4	-158.86
Net Cash Growth	40.39%	37.33%	-	-	-
Net Cash Per Share	0.20	0.14	0.10	-0.03	-0.25
Filing Date Shares Outstanding	620	620	620	620	620
Total Common Shares Outstanding	620	620	620	620	620
Working Capital	218.59	177.16	153.44	112.36	2.69
Book Value Per Share	1.22	1.20	1.26	1.26	1.22
Tangible Book Value	753.8	744.94	782.76	781.73	754.79
Tangible Book Value Per Share	1.22	1.20	1.26	1.26	1.22
Buildings	376.52	366.96	374.76	381.39	267.07
Machinery	489.1	478.58	484.82	487.05	448.8
Construction In Progress	-	-	-	-	159.65
Leasehold Improvements	129.54	126.31	126.04	128.23	127.73

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