Xizang Tianlu 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	1,651	2,077	2,309	2,559	2,908	3,928
Trading Asset Securities	239.76	217.2	364.56	326.51	472.73	-
Cash & Short-Term Investments	1,891	2,295	2,674	2,886	3,381	3,928
Cash Growth	-11.65%	-14.17%	-7.35%	-14.65%	-13.93%	12.78%
Accounts Receivable	3,233	3,515	3,307	3,561	3,291	3,496
Other Receivables	403.25	431.41	475.75	458.44	381.21	392.34
Receivables	3,637	3,947	3,783	4,020	3,672	3,889
Inventory	348.69	359.82	432.1	508.68	479.25	415.36
Prepaid Expenses	-	18.09	30.42	23.61	43.49	19.49
Other Current Assets	224.64	116.38	155.61	199	185.35	178.01
Total Current Assets	6,101	6,736	7,075	7,637	7,761	8,430
Property, Plant & Equipment	3,183	3,192	3,387	3,600	3,651	3,729
Long-Term Investments	1,548	1,549	1,582	1,564	1,528	1,286
Goodwill	41.04	41.04	68.86	84.42	101.08	148.37
Other Intangible Assets	515.87	523.46	552.84	677.67	492.98	453.68
Long-Term Accounts Receivable	-	-	-	0.59	1.97	5.14
Long-Term Deferred Tax Assets	75.37	73.84	75.56	63.87	55.81	40.35
Long-Term Deferred Charges	48.38	48.42	23.79	17.82	14.08	17.79
Other Long-Term Assets	46.54	53.24	53.67	62.61	82.58	41.52
Total Assets	11,559	12,217	12,818	13,708	13,688	14,152
Accounts Payable	2,059	2,478	2,274	2,709	2,194	1,952
Accrued Expenses	52.09	100.09	111.14	99.92	89.8	69.57
Short-Term Debt	1,002	785.43	1,214	1,336	1,000	1,028
Current Portion of Long-Term Debt	1,003	1,635	1,231	898.59	1,585	784.48
Current Portion of Leases	-	0.72	2.24	1.43	1.47	4.32
Current Income Taxes Payable	84.98	11.2	36.41	15.79	14.75	18.8
Current Unearned Revenue	417.54	353.45	353.84	75.22	82.42	215.58
Other Current Liabilities	257.07	236.59	245.14	209.07	245.86	234.38
Total Current Liabilities	4,875	5,600	5,468	5,344	5,214	4,307
Long-Term Debt	816.35	689.54	1,527	2,570	2,519	3,227
Long-Term Leases	0.39	0.34	3.11	2.61	0.04	3.5
Long-Term Unearned Revenue	15.88	16.09	17.18	18.27	14.95	12.4
Long-Term Deferred Tax Liabilities	3.26	3.29	4.05	4.18	4.63	3.7
Other Long-Term Liabilities	21.21	27.41	35.27	192.08	14.82	10.79
Total Liabilities	5,732	6,336	7,054	8,131	7,767	7,565
Common Stock	1,362	1,362	1,323	1,229	920.89	918.56
Additional Paid-In Capital	1,513	1,512	1,360	1,007	1,164	1,168
Retained Earnings	720.62	757.77	814.6	918.88	1,463	2,073
Treasury Stock	-	-	-2.37	-4.81	-7.99	-
Comprehensive Income & Other	322.07	320.4	348.98	390.19	330.66	280.17
Total Common Equity	3,918	3,953	3,845	3,540	3,871	4,440
Minority Interest	1,908	1,928	1,919	2,036	2,051	2,147
Shareholders' Equity	5,827	5,881	5,764	5,577	5,921	6,587
Total Liabilities & Equity	11,559	12,217	12,818	13,708	13,688	14,152
Total Debt	2,822	3,111	3,977	4,808	5,106	5,048
Net Cash (Debt)	-930.84	-816.02	-1,304	-1,922	-1,725	-1,119
Net Cash Per Share	-0.67	-0.57	-1.00	-1.59	-1.44	-0.65
Filing Date Shares Outstanding	1,238	1,362	1,322	1,228	1,194	1,194
Total Common Shares Outstanding	1,238	1,362	1,322	1,228	1,194	1,194
Working Capital	1,225	1,136	1,607	2,292	2,547	4,123
Book Value Per Share	3.16	2.90	2.91	2.88	3.24	3.72
Tangible Book Value	3,362	3,388	3,223	2,778	3,277	3,837
Tangible Book Value Per Share	2.71	2.49	2.44	2.26	2.74	3.21
Buildings	-	2,894	2,865	2,856	2,711	2,531
Machinery	-	2,895	2,873	2,849	2,740	2,726
Construction In Progress	-	178.69	134.64	95.81	109.64	102.08
Order Backlog	-	3,089	-	-	-	-

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