Deewin Tianxia 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	610.91	893.46	976.9	1,149	213.34
Short-Term Investments	374	116.48	112.28	90.27	367.02
Cash & Short-Term Investments	984.91	1,010	1,089	1,239	580.36
Cash Growth	-2.48%	-7.27%	-12.11%	113.53%	-19.08%
Accounts Receivable	931.01	881.06	855.39	900.66	467.51
Other Receivables	9.94	13.56	8.58	1.49	8.13
Receivables	6,479	5,790	5,579	4,973	6,556
Inventory	225.34	113.89	134.24	266.42	250.18
Restricted Cash	115.37	23.41	46.34	16.16	84.82
Other Current Assets	212	78.63	171.51	403.06	177.58
Total Current Assets	8,017	7,016	7,020	6,898	7,649
Property, Plant & Equipment	175.48	166.57	146.49	147.06	155.33
Long-Term Investments	9.4	9.6	9.64	9.16	9.62
Other Intangible Assets	71.18	66.64	52	32.55	22.86
Long-Term Deferred Tax Assets	197.96	179.45	160.4	152.3	135.7
Other Long-Term Assets	7.23	7.5	7.77	19.16	111.15
Total Assets	11,428	9,489	9,205	9,173	10,188
Accounts Payable	797.91	549.86	654.41	369.89	643.89
Accrued Expenses	69.92	60.13	64.76	60.8	60.35
Short-Term Debt	-	-	1,990	981.43	1,535
Current Portion of Long-Term Debt	4,428	4,722	2,076	2,616	3,218
Current Portion of Leases	19.84	9.18	17.84	18.61	24.73
Current Income Taxes Payable	17.16	15.82	16.16	11.97	46.89
Current Unearned Revenue	37.74	44.27	58.54	127.28	128.27
Other Current Liabilities	262.53	190	272.2	403.74	488.61
Total Current Liabilities	5,633	5,591	5,150	4,590	6,145
Long-Term Debt	2,279	362.6	550.69	1,027	1,142
Long-Term Leases	7.84	13.88	9.95	23.14	23.41
Long-Term Unearned Revenue	10.21	13.96	24.72	35.31	42.11
Other Long-Term Liabilities	157.29	148.9	150.17	162.12	385.75
Total Liabilities	8,087	6,131	5,886	5,837	7,738
Common Stock	2,181	2,181	2,236	2,236	1,629
Additional Paid-In Capital	-	-	736.86	736.86	475.11
Retained Earnings	473.83	482.17	417.86	365.55	340.27
Treasury Stock	-	-	-70.56	-	-
Comprehensive Income & Other	692.32	692.32	-	-	-
Total Common Equity	3,348	3,356	3,320	3,338	2,444
Minority Interest	-6.98	2.58	-0.91	-2.91	5.37
Shareholders' Equity	3,341	3,359	3,319	3,336	2,450
Total Liabilities & Equity	11,428	9,489	9,205	9,173	10,188
Total Debt	6,735	5,108	4,645	4,666	5,942
Net Cash (Debt)	-5,750	-4,098	-3,555	-3,427	-5,362
Net Cash Per Share	-2.64	-1.88	-1.60	-1.80	-3.29
Filing Date Shares Outstanding	2,181	2,181	2,197	2,236	1,629
Total Common Shares Outstanding	2,181	2,181	2,197	2,236	1,629
Working Capital	2,384	1,424	1,870	2,308	1,504
Book Value Per Share	1.53	1.54	1.51	1.49	1.50
Tangible Book Value	3,276	3,289	3,268	3,306	2,422
Tangible Book Value Per Share	1.50	1.51	1.49	1.48	1.49
Buildings	64.54	64.54	64.54	64.57	64.57
Machinery	165.33	148.94	101.58	95.45	98.12
Construction In Progress	10.91	2.55	5.84	12.52	0.61
Leasehold Improvements	59.88	59.68	57.08	25.15	14.32

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