Time Publishing and Media 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	3,161	3,373	3,330	3,177	2,296	2,121
Short-Term Investments	-	366.7	562.75	376.32	144.19	-
Trading Asset Securities	1,050	743.76	689.59	663.79	700.32	661.36
Cash & Short-Term Investments	4,211	4,483	4,583	4,217	3,141	2,782
Cash Growth	26.58%	-2.17%	8.68%	34.25%	12.90%	6.76%
Accounts Receivable	484.65	391.13	765.17	900.45	745.51	744.13
Other Receivables	98.49	105.09	100.36	41.02	64.43	53.4
Receivables	583.14	496.22	965.74	941.47	1,183	913.74
Inventory	802.18	700.35	820.52	1,345	1,149	1,264
Prepaid Expenses	-	23.06	39.35	40.04	12.39	27.34
Other Current Assets	858.47	411.4	497.11	703.72	305.95	370.21
Total Current Assets	6,455	6,114	6,906	7,247	5,791	5,357
Property, Plant & Equipment	544.7	561.16	563.46	569.77	539.43	571.84
Long-Term Investments	507.54	1,465	1,018	999.97	971.06	679.41
Other Intangible Assets	68.06	69.27	75.34	81.47	84.49	89.3
Long-Term Accounts Receivable	-	-	-	-	-	7.28
Long-Term Deferred Tax Assets	5.71	11.79	5.79	109.57	18.78	18.62
Long-Term Deferred Charges	1.84	1.6	0.6	0.68	2.47	3.65
Other Long-Term Assets	939.29	163.34	190.45	223.01	279.28	336.68
Total Assets	8,522	8,387	8,759	9,232	7,687	7,423
Accounts Payable	1,306	1,342	1,626	1,881	1,451	1,413
Accrued Expenses	190.05	232.94	223.3	173.14	128.19	114.84
Short-Term Debt	32.7	32.7	311.22	521.23	46.5	95.07
Current Portion of Long-Term Debt	2.1	-	-	-	-	-
Current Portion of Leases	-	2.94	2.38	2.44	3	1.71
Current Income Taxes Payable	19.42	3.07	7.2	2.19	4.22	4.34
Current Unearned Revenue	637.76	487.32	469.92	524.98	393.54	463.34
Other Current Liabilities	213.79	216.14	195.37	283.1	244.55	172.48
Total Current Liabilities	2,402	2,317	2,835	3,388	2,271	2,265
Long-Term Leases	7.55	7.06	4.1	1.11	2.98	1.16
Long-Term Unearned Revenue	88.12	88.12	86.59	78.23	76.76	78.61
Long-Term Deferred Tax Liabilities	0.36	0.36	0.38	0.35	0.37	0.79
Other Long-Term Liabilities	-	-	-	11.3	11.3	15
Total Liabilities	2,498	2,413	2,926	3,479	2,362	2,360
Common Stock	678.06	678.06	678.06	484.33	484.33	505.83
Additional Paid-In Capital	967.68	967.68	968.48	1,162	1,157	1,337
Retained Earnings	4,330	4,279	4,140	4,049	3,615	3,350
Treasury Stock	-	-	-	-	-	-201.51
Comprehensive Income & Other	-0.65	-0.65	-0.42	-0.47	-	-
Total Common Equity	5,975	5,924	5,786	5,695	5,257	4,992
Minority Interest	49.74	49.5	46.31	56.95	67.93	71.32
Shareholders' Equity	6,025	5,974	5,832	5,752	5,325	5,063
Total Liabilities & Equity	8,522	8,387	8,759	9,232	7,687	7,423
Total Debt	42.35	42.7	317.69	524.78	52.48	97.94
Net Cash (Debt)	4,169	4,441	4,265	3,692	3,088	2,684
Net Cash Growth	39.66%	4.12%	15.52%	19.54%	15.07%	5.53%
Net Cash Per Share	6.15	6.55	6.29	5.44	4.55	3.96
Filing Date Shares Outstanding	678.45	678.06	678.06	678.06	678.06	678.06
Total Common Shares Outstanding	678.45	678.06	678.06	678.06	678.06	678.06
Working Capital	4,054	3,797	4,070	3,859	3,520	3,092
Book Value Per Share	8.81	8.74	8.53	8.40	7.75	7.36
Tangible Book Value	5,907	5,855	5,711	5,614	5,172	4,902
Tangible Book Value Per Share	8.71	8.64	8.42	8.28	7.63	7.23
Buildings	-	791.47	777.06	762.44	649.48	638.36
Machinery	-	447.58	428.83	566.02	562.51	562.56
Construction In Progress	-	3.85	2.37	1.73	44.73	46.97

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