Beijing Tongrentang Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	10,656	10,878	10,756	12,132	11,624	9,926
Short-Term Investments	4.69	4.69	-	-	-	-
Trading Asset Securities	860.35	120.37	0.44	0.37	0.43	-
Cash & Short-Term Investments	11,521	11,003	10,757	12,132	11,624	9,926
Cash Growth	1.26%	2.29%	-11.34%	4.37%	17.11%	18.86%
Accounts Receivable	2,025	1,217	1,643	1,374	1,882	1,686
Other Receivables	153.47	122.91	125.56	112.4	95.87	90.18
Receivables	2,179	1,340	1,769	1,487	1,978	1,776
Inventory	9,622	10,617	10,730	9,340	6,694	6,169
Other Current Assets	506.6	443.54	440.63	402.24	262.66	302.03
Total Current Assets	23,829	23,403	23,696	23,361	20,559	18,174
Property, Plant & Equipment	5,633	5,653	5,976	5,488	5,293	5,700
Long-Term Investments	105.49	114.6	109.94	30.12	28.13	18.7
Goodwill	44.63	45.64	46.76	45.78	45.14	41.4
Other Intangible Assets	767.76	776.1	782.58	754.83	746.47	736.31
Long-Term Accounts Receivable	-	-	-	0.55	1.13	1.95
Long-Term Deferred Tax Assets	336.57	325.06	299.16	245.48	215.98	210.59
Long-Term Deferred Charges	223.08	233.39	181.07	117.5	108.58	145.08
Other Long-Term Assets	68.48	69.6	106.21	46.44	56.2	45.43
Total Assets	31,008	30,621	31,198	30,089	27,054	25,073
Accounts Payable	3,555	3,661	4,116	4,502	3,491	3,231
Accrued Expenses	352.38	500.43	538.78	574.01	506.92	446.95
Short-Term Debt	129.01	198.01	283.71	181.97	409.89	970.74
Current Portion of Long-Term Debt	810.06	433.69	1,054	73.65	22.2	29.44
Current Portion of Leases	-	519.33	558.77	449.85	463.45	494.5
Current Income Taxes Payable	291.38	60.96	72.01	62.28	301.93	119.84
Current Unearned Revenue	392.58	398.9	314	669.22	624.57	559.19
Other Current Liabilities	794.3	747.12	660.72	649.2	515.49	451.1
Total Current Liabilities	6,325	6,520	7,598	7,162	6,336	6,302
Long-Term Debt	1,409	1,460	1,246	1,430	1,222	744.63
Long-Term Leases	1,183	1,081	1,258	1,066	860.77	1,137
Long-Term Unearned Revenue	157.33	159.62	169.39	157.57	153.96	198.24
Long-Term Deferred Tax Liabilities	18.55	15.79	19.66	7.94	8.82	8.13
Other Long-Term Liabilities	6.18	6.25	5.86	9.53	9.48	10.22
Total Liabilities	9,099	9,243	10,297	9,832	8,590	8,400
Common Stock	1,371	1,371	1,371	1,371	1,371	1,371
Additional Paid-In Capital	1,953	1,953	1,950	2,001	2,006	1,993
Retained Earnings	10,704	10,233	9,729	9,574	8,344	7,313
Comprehensive Income & Other	56.94	99.23	145.48	111.24	89.04	-43.48
Total Common Equity	14,085	13,657	13,196	13,058	11,810	10,634
Minority Interest	7,824	7,722	7,705	7,199	6,653	6,039
Shareholders' Equity	21,909	21,378	20,901	20,257	18,464	16,673
Total Liabilities & Equity	31,008	30,621	31,198	30,089	27,054	25,073
Total Debt	3,531	3,692	4,400	3,201	2,978	3,376
Net Cash (Debt)	7,990	7,311	6,356	8,931	8,646	6,550
Net Cash Growth	11.23%	15.01%	-28.83%	3.30%	32.00%	1.45%
Net Cash Per Share	5.82	5.33	4.64	6.51	6.31	4.78
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	17,505	16,884	16,098	16,199	14,224	11,871
Book Value Per Share	10.27	9.96	9.62	9.52	8.61	7.75
Tangible Book Value	13,273	12,835	12,367	12,257	11,019	9,856
Tangible Book Value Per Share	9.68	9.36	9.02	8.94	8.03	7.19
Buildings	-	4,022	3,870	3,758	3,656	3,619
Machinery	-	2,994	2,868	2,693	2,583	2,506
Construction In Progress	-	188.09	305.46	129.25	136.02	84.19

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