Beijing Tongrentang Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	9,752	10,878	10,756	12,132	11,624	9,926
Short-Term Investments	-	4.69	-	-	-	-
Trading Asset Securities	1,120	120.37	0.44	0.37	0.43	-
Cash & Short-Term Investments	10,873	11,003	10,757	12,132	11,624	9,926
Cash Growth	-1.79%	2.29%	-11.34%	4.37%	17.11%	18.86%
Accounts Receivable	1,588	1,217	1,643	1,374	1,882	1,686
Other Receivables	143.3	122.91	125.56	112.4	95.87	90.18
Receivables	1,731	1,340	1,769	1,487	1,978	1,776
Inventory	9,432	10,617	10,730	9,340	6,694	6,169
Other Current Assets	461.21	443.54	440.63	402.24	262.66	302.03
Total Current Assets	22,497	23,403	23,696	23,361	20,559	18,174
Property, Plant & Equipment	5,304	5,653	5,976	5,488	5,293	5,700
Long-Term Investments	106.65	114.6	109.94	30.12	28.13	18.7
Goodwill	43.42	45.64	46.76	45.78	45.14	41.4
Other Intangible Assets	752.95	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	299.23	325.06	299.16	245.48	215.98	210.59
Long-Term Deferred Charges	196.83	233.39	181.07	117.5	108.58	145.08
Other Long-Term Assets	98.85	69.6	106.21	46.44	56.2	45.43
Total Assets	29,298	30,621	31,198	30,089	27,054	25,073

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	3,233	3,661	4,116	4,502	3,491	3,231
Accrued Expenses	454.1	500.43	538.78	574.01	506.92	446.95
Short-Term Debt	129.02	198.01	283.71	181.97	409.89	970.74
Current Portion of Long-Term Debt	1,005	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	87.79	60.96	72.01	62.28	301.93	119.84
Current Unearned Revenue	319.72	398.9	314	669.22	624.57	559.19
Other Current Liabilities	658.52	747.12	660.72	649.2	515.49	451.1
Total Current Liabilities	5,887	6,520	7,598	7,162	6,336	6,302
Long-Term Debt	1,005	1,460	1,246	1,430	1,222	744.63
Long-Term Leases	990.65	1,081	1,258	1,066	860.77	1,137
Long-Term Unearned Revenue	145.32	159.62	169.39	157.57	153.96	198.24
Long-Term Deferred Tax Liabilities	15.4	15.79	19.66	7.94	8.82	8.13
Other Long-Term Liabilities	6.09	6.25	5.86	9.53	9.48	10.22
Total Liabilities	8,050	9,243	10,297	9,832	8,590	8,400

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
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	10,413	10,233	9,729	9,574	8,344	7,313
Comprehensive Income & Other	4.14	99.23	145.48	111.24	89.04	-43.48
Total Common Equity	13,742	13,657	13,196	13,058	11,810	10,634
Minority Interest	7,507	7,722	7,705	7,199	6,653	6,039
Shareholders' Equity	21,248	21,378	20,901	20,257	18,464	16,673
Total Liabilities & Equity	29,298	30,621	31,198	30,089	27,054	25,073

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	3,130	3,692	4,400	3,201	2,978	3,376
Net Cash (Debt)	7,743	7,311	6,356	8,931	8,646	6,550
Net Cash Growth	12.23%	15.01%	-28.83%	3.30%	32.00%	1.45%
Net Cash Per Share	5.64	5.33	4.64	6.51	6.31	4.78
Filing Date Shares Outstanding	1,370	1,371	1,371	1,371	1,371	1,371
Total Common Shares Outstanding	1,370	1,371	1,371	1,371	1,371	1,371
Working Capital	16,609	16,884	16,098	16,199	14,224	11,871
Book Value Per Share	10.03	9.96	9.62	9.52	8.61	7.75
Tangible Book Value	12,945	12,835	12,367	12,257	11,019	9,856
Tangible Book Value Per Share	9.45	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