Beijing Tongrentang 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	Sep '25 Sep 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	10,910	10,756	12,132	11,624	9,926	8,349
Trading Asset Securities	160.39	0.44	0.37	0.43	-	1.5
Cash & Short-Term Investments	11,070	10,757	12,132	11,624	9,926	8,351
Cash Growth	1.18%	-11.34%	4.37%	17.11%	18.86%	9.99%
Accounts Receivable	1,697	1,643	1,374	1,882	1,686	1,606
Other Receivables	155.37	125.56	112.4	95.87	90.18	89.89
Receivables	1,853	1,769	1,487	1,978	1,776	1,696
Inventory	11,125	10,730	9,340	6,694	6,169	6,061
Other Current Assets	465.89	440.63	402.24	262.66	302.03	419.05
Total Current Assets	24,514	23,696	23,361	20,559	18,174	16,527
Property, Plant & Equipment	5,756	5,976	5,488	5,293	5,700	4,213
Long-Term Investments	113.64	109.94	30.12	28.13	18.7	20.26
Goodwill	46.12	46.76	45.78	45.14	41.4	43.49
Other Intangible Assets	768.43	782.58	754.83	746.47	736.31	642.78
Long-Term Accounts Receivable	-	-	0.55	1.13	1.95	-
Long-Term Deferred Tax Assets	332.75	299.16	245.48	215.98	210.59	160.65
Long-Term Deferred Charges	185.99	181.07	117.5	108.58	145.08	183.39
Other Long-Term Assets	102.3	106.21	46.44	56.2	45.43	47.01
Total Assets	31,819	31,198	30,089	27,054	25,073	21,838
Accounts Payable	3,957	4,116	4,502	3,491	3,231	2,865
Accrued Expenses	528.93	538.78	574.01	506.92	446.95	429.49
Short-Term Debt	130	283.71	181.97	409.89	970.74	583.03
Current Portion of Long-Term Debt	976.25	1,054	73.65	22.2	29.44	828.3
Current Portion of Leases	-	558.77	449.85	463.45	494.5	-
Current Income Taxes Payable	149.54	72.01	62.28	301.93	119.84	99.57
Current Unearned Revenue	424.84	314	669.22	624.57	559.19	350.88
Other Current Liabilities	931.43	660.72	649.2	515.49	451.1	442.47
Total Current Liabilities	7,098	7,598	7,162	6,336	6,302	5,598
Long-Term Debt	1,883	1,246	1,430	1,222	744.63	483.23
Long-Term Leases	1,182	1,258	1,066	860.77	1,137	-
Long-Term Unearned Revenue	176.33	169.39	157.57	153.96	198.24	188.22
Long-Term Deferred Tax Liabilities	19.5	19.66	7.94	8.82	8.13	6.91
Other Long-Term Liabilities	5.82	5.86	9.53	9.48	10.22	14.41
Total Liabilities	10,365	10,297	9,832	8,590	8,400	6,291
Common Stock	1,371	1,371	1,371	1,371	1,371	1,371
Additional Paid-In Capital	1,950	1,950	2,001	2,006	1,993	2,007
Retained Earnings	10,221	9,729	9,574	8,344	7,313	6,456
Comprehensive Income & Other	120.8	145.48	111.24	89.04	-43.48	-2.39
Total Common Equity	13,663	13,196	13,058	11,810	10,634	9,832
Minority Interest	7,791	7,705	7,199	6,653	6,039	5,715
Shareholders' Equity	21,454	20,901	20,257	18,464	16,673	15,546
Total Liabilities & Equity	31,819	31,198	30,089	27,054	25,073	21,838
Total Debt	4,171	4,400	3,201	2,978	3,376	1,895
Net Cash (Debt)	6,899	6,356	8,931	8,646	6,550	6,456
Net Cash Growth	2.25%	-28.83%	3.30%	32.00%	1.45%	10.57%
Net Cash Per Share	5.03	4.64	6.51	6.31	4.78	4.71
Filing Date Shares Outstanding	1,371	1,371	1,371	1,371	1,371	1,371
Total Common Shares Outstanding	1,371	1,371	1,371	1,371	1,371	1,371
Working Capital	17,416	16,098	16,199	14,224	11,871	10,929
Book Value Per Share	9.96	9.62	9.52	8.61	7.75	7.17
Tangible Book Value	12,849	12,367	12,257	11,019	9,856	9,145
Tangible Book Value Per Share	9.37	9.02	8.94	8.03	7.19	6.67
Buildings	-	3,870	3,758	3,656	3,619	3,636
Machinery	-	2,868	2,693	2,583	2,506	2,402
Construction In Progress	-	305.46	129.25	136.02	84.19	127.94

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