BTG Hotels (Group) 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	1,310	1,303	1,187	1,007	3,181	1,375
Short-Term Investments	-	218.47	-	-	-	-
Trading Asset Securities	1,586	828.77	1,126	1,445	92.42	367.94
Cash & Short-Term Investments	2,896	2,350	2,313	2,452	3,273	1,743
Cash Growth	31.59%	1.61%	-5.66%	-25.09%	87.80%	-8.96%
Accounts Receivable	263.72	304.03	404.31	568.24	283.48	186.67
Other Receivables	195.53	215.33	74.32	141.18	119.71	90.96
Receivables	459.25	519.37	478.63	709.43	403.18	277.63
Inventory	36.35	40.59	43.64	36.22	45.12	40.74
Prepaid Expenses	-	0.62	0.03	-	-	0.04
Other Current Assets	540.59	188	195.45	190.68	230.97	295.9
Total Current Assets	3,932	3,099	3,031	3,388	3,952	2,357
Property, Plant & Equipment	9,001	9,189	9,897	10,161	11,112	2,429
Long-Term Investments	722.05	963.76	952.46	399.24	392	404.76
Goodwill	4,692	4,692	4,692	4,701	4,683	4,683
Other Intangible Assets	3,357	3,386	3,429	3,493	3,524	3,665
Long-Term Accounts Receivable	-	125.16	141.16	164.93	161	-
Long-Term Deferred Tax Assets	812.86	880.15	1,002	1,056	946.56	797.29
Long-Term Deferred Charges	1,523	1,768	1,923	1,981	2,060	2,140
Other Long-Term Assets	911.12	222.86	173.37	161.84	175.61	156.65
Total Assets	24,951	24,885	25,240	25,508	27,006	16,633
Accounts Payable	153.11	103.67	107.45	108.03	92.23	113.2
Accrued Expenses	273.85	589.69	629.33	610.03	573.39	290.34
Short-Term Debt	238.53	342.02	435.1	1,350	1,009	600
Current Portion of Long-Term Debt	1,373	1	1.01	1.02	6.93	-
Current Portion of Leases	-	1,450	1,503	1,518	1,409	-
Current Income Taxes Payable	85.1	55.54	110.12	22.01	35	79.75
Current Unearned Revenue	487.74	483.25	467.58	346.05	418.12	446.22
Other Current Liabilities	1,411	1,253	1,241	1,358	1,636	3,365
Total Current Liabilities	4,022	4,279	4,495	5,313	5,180	4,894
Long-Term Debt	-	7.7	8.7	9.7	397.7	1,028
Long-Term Leases	7,195	7,270	7,945	8,087	8,717	-
Long-Term Unearned Revenue	54.99	70.65	91.22	77.45	81.07	16.51
Long-Term Deferred Tax Liabilities	872.28	875.63	887.14	899.91	908.63	930.76
Other Long-Term Liabilities	607.75	561.5	540.59	451.92	400.73	1,128
Total Liabilities	12,752	13,065	13,967	14,838	15,684	7,997
Common Stock	1,117	1,117	1,117	1,119	1,121	987.72
Additional Paid-In Capital	7,445	7,445	7,445	7,677	7,692	4,831
Retained Earnings	3,471	3,119	2,559	1,771	2,340	2,647
Treasury Stock	-	-	-	-18.96	-41.71	-74.39
Comprehensive Income & Other	16.8	16.97	15.71	-0.32	-10.11	-11.52
Total Common Equity	12,050	11,698	11,136	10,548	11,101	8,380
Minority Interest	148.18	122.28	137.1	122.01	220.51	255.41
Shareholders' Equity	12,198	11,821	11,273	10,670	11,322	8,635
Total Liabilities & Equity	24,951	24,885	25,240	25,508	27,006	16,633
Total Debt	8,807	9,071	9,893	10,965	11,539	1,628
Net Cash (Debt)	-5,911	-6,721	-7,580	-8,513	-8,266	114.81
Net Cash Per Share	-5.29	-6.02	-6.79	-7.62	-8.31	0.12
Filing Date Shares Outstanding	1,117	1,117	1,117	1,119	1,121	982.58
Total Common Shares Outstanding	1,117	1,117	1,117	1,119	1,121	982.58
Working Capital	-89.83	-1,180	-1,464	-1,924	-1,227	-2,537
Book Value Per Share	10.79	10.48	9.97	9.43	9.90	8.53
Tangible Book Value	4,001	3,621	3,015	2,353	2,894	32.28
Tangible Book Value Per Share	3.58	3.24	2.70	2.10	2.58	0.03
Buildings	-	2,618	2,618	2,621	2,606	-
Machinery	-	1,642	1,595	1,530	1,536	-
Construction In Progress	-	106.67	65.86	140.35	245.68	-

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