Tsinghua Tongfang 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	6,031	6,806	6,152	5,999	6,806	11,036
Trading Asset Securities	9.59	10.26	1,171	1,101	1,369	1,618
Cash & Short-Term Investments	6,041	6,816	7,323	7,100	8,175	12,654
Cash Growth	1.25%	-6.92%	3.14%	-13.15%	-35.39%	8.58%
Accounts Receivable	7,786	8,593	9,433	8,816	8,073	6,702
Other Receivables	1,137	1,115	1,272	1,308	1,683	987.94
Receivables	8,923	9,708	10,705	10,124	9,757	7,690
Inventory	7,934	6,922	7,006	7,724	9,485	9,203
Prepaid Expenses	978.25	65.57	43.28	69.28	75.59	69.38
Other Current Assets	227.32	804.77	848.57	5,870	1,045	1,867
Total Current Assets	24,103	24,317	25,926	30,888	28,538	31,483
Property, Plant & Equipment	3,206	3,276	3,299	3,449	4,145	4,336
Long-Term Investments	15,105	15,184	16,152	14,775	15,261	17,016
Goodwill	88.24	89.64	91.67	92.21	96.79	92.3
Other Intangible Assets	1,943	2,028	1,904	1,901	1,800	1,822
Long-Term Accounts Receivable	-	591.44	432.28	427.87	515.91	2,298
Long-Term Deferred Tax Assets	1,658	1,657	1,567	1,588	1,318	1,343
Long-Term Deferred Charges	763.94	1,742	1,954	1,667	2,271	2,145
Other Long-Term Assets	1,860	319.22	307.61	295.98	189.89	1,250
Total Assets	48,728	49,204	51,633	55,084	54,135	61,785
Accounts Payable	7,946	8,018	8,204	7,694	7,903	7,420
Accrued Expenses	632.94	1,401	1,433	1,413	1,646	1,356
Short-Term Debt	1,689	1,689	3,002	8,916	12,268	10,290
Current Portion of Long-Term Debt	2,949	1,112	934.06	734.14	4,132	6,775
Current Portion of Leases	-	102.13	111.66	118.22	93.81	121.24
Current Income Taxes Payable	289.5	293.91	282.86	301.53	324.93	346.81
Current Unearned Revenue	3,699	3,296	3,085	3,063	3,431	3,910
Other Current Liabilities	1,244	958.67	900.79	5,088	645.08	909.43
Total Current Liabilities	18,450	16,870	17,953	27,328	30,443	31,128
Long-Term Debt	8,726	10,480	10,620	7,132	1,870	8,558
Long-Term Leases	186.64	200.88	165.89	214.11	284.19	269.47
Long-Term Unearned Revenue	924.86	861.26	1,009	1,077	1,497	1,213
Long-Term Deferred Tax Liabilities	72.31	77.61	71.55	53.66	41.48	230.69
Other Long-Term Liabilities	11.07	11.57	8.65	26.51	32.25	33.68
Total Liabilities	28,370	28,501	29,828	35,832	34,168	41,433
Common Stock	3,350	3,350	3,350	3,350	3,350	3,350
Additional Paid-In Capital	10,955	10,975	10,974	10,880	11,053	11,292
Retained Earnings	2,884	3,061	2,549	977.04	1,732	2,447
Comprehensive Income & Other	-1,332	-1,279	87.51	-939.23	-1,232	-1,186
Total Common Equity	15,857	16,108	16,962	14,268	14,904	15,904
Minority Interest	4,500	4,594	4,843	4,984	5,064	4,449
Shareholders' Equity	20,358	20,702	21,805	19,253	19,968	20,352
Total Liabilities & Equity	48,728	49,204	51,633	55,084	54,135	61,785
Total Debt	13,551	13,583	14,834	17,115	18,647	26,014
Net Cash (Debt)	-7,510	-6,767	-7,511	-10,015	-10,472	-13,360
Net Cash Per Share	-1.99	-2.02	-2.24	-2.99	-3.13	-4.32
Filing Date Shares Outstanding	3,350	3,350	3,350	3,350	3,350	3,350
Total Common Shares Outstanding	3,350	3,350	3,350	3,350	3,350	3,350
Working Capital	5,653	7,446	7,973	3,560	-1,905	354.86
Book Value Per Share	4.73	4.81	5.06	4.26	4.45	4.75
Tangible Book Value	13,826	13,990	14,966	12,275	13,007	13,989
Tangible Book Value Per Share	4.13	4.18	4.47	3.66	3.88	4.18
Buildings	-	3,672	3,664	3,666	4,150	4,156
Machinery	-	3,046	3,001	2,921	3,602	3,516
Construction In Progress	-	41.02	7.01	42.02	50.48	76.1

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