TDG Holding 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	1,649	2,316	3,060	2,911	573.4	411.28
Cash & Short-Term Investments	1,649	2,316	3,060	2,911	573.4	411.28
Cash Growth	-33.62%	-24.29%	5.11%	407.64%	39.42%	-39.65%
Accounts Receivable	2,227	2,179	2,396	2,275	2,218	1,825
Other Receivables	48.94	41.68	24.36	27.17	26.23	21.45
Receivables	2,275	2,220	2,421	2,302	2,245	1,847
Inventory	1,399	1,250	1,268	1,229	1,160	1,071
Prepaid Expenses	150.47	103.18	67.54	69.61	179.34	155.29
Other Current Assets	58.93	23.07	37.82	54.85	38.48	59.93
Total Current Assets	5,533	5,912	6,854	6,566	4,196	3,544
Property, Plant & Equipment	4,838	4,462	3,584	3,197	2,749	2,419
Long-Term Investments	448.74	505.23	560.12	532.02	743.32	1,077
Goodwill	92.04	92.04	102.26	98.22	98.22	98.22
Other Intangible Assets	257.24	236.55	239.53	239	217.82	205.37
Long-Term Accounts Receivable	-	-	-	-	0.38	1.88
Long-Term Deferred Tax Assets	100.59	78.71	53.89	51.5	39.75	59.4
Long-Term Deferred Charges	213.94	161.08	105.68	126.09	87.45	59.78
Other Long-Term Assets	126.88	196.28	88.99	76.74	122.56	39.33
Total Assets	11,611	11,645	11,589	10,887	8,254	7,504
Accounts Payable	1,873	2,186	2,184	1,993	1,489	982.47
Accrued Expenses	76.18	99.12	103.43	116.69	116.56	104.72
Short-Term Debt	875.83	746.51	754.41	382.78	901.34	1,039
Current Portion of Long-Term Debt	8.19	54.31	58.27	-	20.03	-
Current Portion of Leases	-	4.45	2.42	1.63	1.43	-
Current Income Taxes Payable	35.02	3.22	13.17	16.42	33.17	28.5
Current Unearned Revenue	48.56	52.8	92.72	181.05	129.97	43.71
Other Current Liabilities	63.05	54.22	62.35	81.4	78.87	273.85
Total Current Liabilities	2,979	3,201	3,270	2,773	2,771	2,472
Long-Term Debt	284.06	200.15	-	58.27	30.05	50.24
Long-Term Leases	2.78	3.84	7.98	3.03	4.5	-
Long-Term Unearned Revenue	271.4	149.28	108.07	97.99	109.54	102.41
Long-Term Deferred Tax Liabilities	0.68	7	10.57	0.62	0.04	76.77
Other Long-Term Liabilities	15.1	15.1	16.52	122.08	219.49	16.34
Total Liabilities	3,553	3,576	3,414	3,055	3,134	2,718
Common Stock	1,233	1,233	1,233	1,233	996.57	996.57
Additional Paid-In Capital	4,582	4,582	4,581	4,580	2,536	2,467
Retained Earnings	2,321	2,290	2,314	2,044	1,425	1,023
Treasury Stock	-102.96	-100.03	-	-	-	-80.03
Comprehensive Income & Other	-15	-25.72	-0.09	-60.63	79.79	309.93
Total Common Equity	8,019	7,980	8,128	7,797	5,037	4,716
Minority Interest	38.19	88.42	47.12	35.53	82.27	69.95
Shareholders' Equity	8,057	8,068	8,175	7,832	5,120	4,786
Total Liabilities & Equity	11,611	11,645	11,589	10,887	8,254	7,504
Total Debt	1,171	1,009	823.08	445.71	957.35	1,089
Net Cash (Debt)	477.9	1,307	2,237	2,465	-383.96	-677.58
Net Cash Growth	-60.89%	-41.56%	-9.27%	-	-	-
Net Cash Per Share	0.40	1.08	1.81	2.43	-0.39	-0.69
Filing Date Shares Outstanding	1,217	1,217	1,233	1,233	996.57	996.57
Total Common Shares Outstanding	1,217	1,217	1,233	1,233	996.57	996.57
Working Capital	2,554	2,712	3,584	3,793	1,425	1,073
Book Value Per Share	6.59	6.56	6.59	6.32	5.05	4.73
Tangible Book Value	7,670	7,651	7,786	7,460	4,721	4,413
Tangible Book Value Per Share	6.30	6.29	6.31	6.05	4.74	4.43
Buildings	-	1,459	941.11	922.45	907.87	891.52
Machinery	-	3,704	3,226	3,241	2,669	2,931
Construction In Progress	-	1,493	1,443	839.7	802.63	208.89

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