TDG Holding 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	1,592	1,814	2,316	3,060	2,911	573.4
Cash & Short-Term Investments	1,592	1,814	2,316	3,060	2,911	573.4
Cash Growth	-24.40%	-21.70%	-24.29%	5.11%	407.64%	39.42%
Accounts Receivable	1,930	2,046	2,179	2,396	2,275	2,218
Other Receivables	30.41	37.75	41.68	24.36	27.17	26.23
Receivables	1,961	2,084	2,220	2,421	2,302	2,245
Inventory	1,462	1,422	1,250	1,268	1,229	1,160
Prepaid Expenses	164.4	177.64	103.18	67.54	69.61	179.34
Other Current Assets	42.93	18.13	23.07	37.82	54.85	38.48
Total Current Assets	5,223	5,515	5,912	6,854	6,566	4,196
Property, Plant & Equipment	5,036	4,983	4,462	3,584	3,197	2,749
Long-Term Investments	423.1	440.71	505.23	560.12	532.02	743.32
Goodwill	61.06	61.06	92.04	102.26	98.22	98.22
Other Intangible Assets	247.5	252.03	236.55	239.53	239	217.82
Long-Term Accounts Receivable	-	-	-	-	-	0.38
Long-Term Deferred Tax Assets	136.04	126.84	78.71	53.89	51.5	39.75
Long-Term Deferred Charges	173.21	182.06	161.08	105.68	126.09	87.45
Other Long-Term Assets	82.55	76.18	196.28	88.99	76.74	122.56
Total Assets	11,382	11,637	11,645	11,589	10,887	8,254
Accounts Payable	1,978	1,978	2,186	2,184	1,993	1,489
Accrued Expenses	57.8	116.25	99.12	103.43	116.69	116.56
Short-Term Debt	585.76	758.47	740.51	754.41	382.78	901.34
Current Portion of Long-Term Debt	80.97	82.27	54.31	58.27	-	20.03
Current Portion of Leases	-	13.2	4.45	2.42	1.63	1.43
Current Income Taxes Payable	33.23	21.48	3.22	13.17	16.42	33.17
Current Unearned Revenue	80	63.76	52.8	92.72	181.05	129.97
Other Current Liabilities	77.93	85.35	60.22	62.35	81.4	78.87
Total Current Liabilities	2,893	3,118	3,201	3,270	2,773	2,771
Long-Term Debt	326.87	325.35	200.15	-	58.27	30.05
Long-Term Leases	32.7	33.82	3.84	7.98	3.03	4.5
Long-Term Unearned Revenue	276.47	273.94	149.28	108.07	97.99	109.54
Long-Term Deferred Tax Liabilities	0.68	0.68	7	10.57	0.62	0.04
Other Long-Term Liabilities	22.05	22.05	15.1	16.52	122.08	219.49
Total Liabilities	3,552	3,774	3,576	3,414	3,055	3,134
Common Stock	1,233	1,233	1,233	1,233	1,233	996.57
Additional Paid-In Capital	4,583	4,583	4,582	4,581	4,580	2,536
Retained Earnings	2,068	2,105	2,290	2,314	2,044	1,425
Treasury Stock	-127.48	-127.48	-100.03	-	-	-
Comprehensive Income & Other	-0.7	-2.21	-25.72	-0.09	-60.63	79.79
Total Common Equity	7,756	7,791	7,980	8,128	7,797	5,037
Minority Interest	73.94	71.14	88.42	47.12	35.53	82.27
Shareholders' Equity	7,830	7,862	8,068	8,175	7,832	5,120
Total Liabilities & Equity	11,382	11,637	11,645	11,589	10,887	8,254
Total Debt	1,026	1,213	1,003	823.08	445.71	957.35
Net Cash (Debt)	565.8	600.59	1,313	2,237	2,465	-383.96
Net Cash Growth	-46.66%	-54.26%	-41.29%	-9.27%	-	-
Net Cash Per Share	0.47	0.49	1.08	1.81	2.43	-0.39
Filing Date Shares Outstanding	1,214	1,214	1,217	1,233	1,233	996.57
Total Common Shares Outstanding	1,214	1,214	1,217	1,233	1,233	996.57
Working Capital	2,330	2,397	2,712	3,584	3,793	1,425
Book Value Per Share	6.39	6.42	6.56	6.59	6.32	5.05
Tangible Book Value	7,448	7,478	7,651	7,786	7,460	4,721
Tangible Book Value Per Share	6.13	6.16	6.29	6.31	6.05	4.74
Buildings	-	2,280	1,459	941.11	922.45	907.87
Machinery	-	4,713	3,704	3,226	3,241	2,669
Construction In Progress	-	511.66	1,493	1,443	839.7	802.63

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