TL Natural Gas Holdings 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	32.1	29.44	28.38	33.8	29.65	6.23
Short-Term Investments	-	4.87	5.8	2.39	3.46	4.25
Cash & Short-Term Investments	32.1	34.31	34.17	36.19	33.1	10.47
Cash Growth	15.00%	0.40%	-5.58%	9.33%	216.07%	-63.94%
Accounts Receivable	1.89	1.8	3.02	4.72	6.03	12.63
Other Receivables	2.5	2.51	2.55	-	-	-
Receivables	4.39	4.31	5.57	4.72	6.51	18.36
Inventory	0.05	0.09	0.13	0.22	0.01	0.05
Prepaid Expenses	3.3	-	-	5.49	5.06	5.21
Other Current Assets	8.74	3.49	4.31	3.62	2.92	16.21
Total Current Assets	48.57	42.2	44.19	50.23	47.59	50.3
Property, Plant & Equipment	15.76	17.19	21.69	25.88	28.89	36.32
Long-Term Investments	-	-	-	-	-	0.12
Other Intangible Assets	0.03	0.06	0.03	0.02	1.44	1.96
Long-Term Deferred Tax Assets	-	-	0.51	1.9	1.83	2.02
Other Long-Term Assets	-	2.75	2.75	17.29	17.86	27.5
Total Assets	64.37	62.2	69.16	95.32	97.61	118.21
Accounts Payable	0.02	0.12	0.02	0.36	-	-
Accrued Expenses	-	3.15	3.41	3.48	2.92	3.2
Short-Term Debt	-	-	-	-	-	4
Current Portion of Leases	0.58	0.41	0.99	0.93	0.97	4.45
Current Income Taxes Payable	2.82	2.87	2.87	2.87	2.87	2.73
Current Unearned Revenue	-	1.06	1.26	1.09	0.5	0.77
Other Current Liabilities	4.94	0.72	0.52	1.65	3.3	2.68
Total Current Liabilities	8.36	8.32	9.06	10.37	10.56	17.83
Long-Term Debt	-	-	-	-	-	5.19
Long-Term Leases	0.13	0.58	0.81	2.86	2.78	7.89
Total Liabilities	8.49	8.9	9.88	13.24	13.34	30.91
Common Stock	7.28	6.21	5.99	5.99	5.99	5.61
Additional Paid-In Capital	88.32	83.83	80.56	80.56	80.56	74.19
Retained Earnings	-61.1	-62.72	-53.04	-30.01	-26.94	-18.54
Comprehensive Income & Other	21.38	25.98	26.58	26.11	24.66	26.05
Total Common Equity	55.88	53.3	60.09	82.65	84.27	87.3
Minority Interest	-	-	-0.81	-0.57	-	-
Shareholders' Equity	55.88	53.3	59.29	82.08	84.27	87.3
Total Liabilities & Equity	64.37	62.2	69.16	95.32	97.61	118.21
Total Debt	0.71	0.99	1.81	3.79	3.75	21.54
Net Cash (Debt)	31.39	33.32	32.37	32.4	29.35	-11.06
Net Cash Growth	17.85%	2.94%	-0.12%	10.40%	-	-
Net Cash Per Share	0.17	0.18	0.18	0.18	0.17	-0.07
Filing Date Shares Outstanding	212.51	183.2	177.26	177.26	177.26	165.59
Total Common Shares Outstanding	212.51	183.2	177.26	177.26	177.26	165.59
Working Capital	40.22	33.88	35.13	39.86	37.03	32.48
Book Value Per Share	0.26	0.29	0.34	0.47	0.48	0.53
Tangible Book Value	55.85	53.24	60.07	82.64	82.83	85.34
Tangible Book Value Per Share	0.26	0.29	0.34	0.47	0.47	0.52
Buildings	-	24.03	24.03	24.66	25.79	24.57
Machinery	-	24.94	24.96	24.47	25.39	30.41
Construction In Progress	-	-	-	-	-	0.08
Leasehold Improvements	-	0.84	0.84	0.17	0.17	0.17

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