Time Publishing and Media Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	2,963	3,373	3,330	3,177	2,296	2,121
Short-Term Investments	189.08	366.7	562.75	376.32	144.19	-
Trading Asset Securities	1,277	743.76	689.59	663.79	700.32	661.36
Cash & Short-Term Investments	4,428	4,483	4,583	4,217	3,141	2,782
Cash Growth	8.06%	-2.17%	8.68%	34.25%	12.90%	6.76%
Accounts Receivable	379.08	391.13	765.17	900.45	745.51	744.13
Other Receivables	93.96	105.09	100.36	41.02	64.43	53.4
Receivables	473.05	496.22	965.74	941.47	1,183	913.74
Inventory	888.72	700.35	820.52	1,345	1,149	1,264
Prepaid Expenses	24.36	23.06	39.35	40.04	12.39	27.34
Other Current Assets	781.71	411.4	497.11	703.72	305.95	370.21
Total Current Assets	6,596	6,114	6,906	7,247	5,791	5,357
Property, Plant & Equipment	541.78	561.16	563.46	569.77	539.43	571.84
Long-Term Investments	1,334	1,465	1,018	999.97	971.06	679.41
Other Intangible Assets	67.31	69.27	75.34	81.47	84.49	89.3
Long-Term Accounts Receivable	-	-	-	-	-	7.28
Long-Term Deferred Tax Assets	11.88	11.79	5.79	109.57	18.78	18.62
Long-Term Deferred Charges	1.83	1.6	0.6	0.68	2.47	3.65
Other Long-Term Assets	163.03	163.34	190.45	223.01	279.28	336.68
Total Assets	8,716	8,387	8,759	9,232	7,687	7,423

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	1,276	1,342	1,626	1,881	1,451	1,413
Accrued Expenses	216.06	232.94	223.3	173.14	128.19	114.84
Short-Term Debt	168.59	32.7	311.22	521.23	46.5	95.07
Current Portion of Leases	2.13	2.94	2.38	2.44	3	1.71
Current Income Taxes Payable	2.97	3.07	7.2	2.19	4.22	4.34
Current Unearned Revenue	685.64	487.32	469.92	524.98	393.54	463.34
Other Current Liabilities	231.77	216.14	195.37	283.1	244.55	172.48
Total Current Liabilities	2,583	2,317	2,835	3,388	2,271	2,265
Long-Term Leases	6.67	7.06	4.1	1.11	2.98	1.16
Long-Term Unearned Revenue	86.11	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	2,676	2,413	2,926	3,479	2,362	2,360

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	4,346	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	5,991	5,924	5,786	5,695	5,257	4,992
Minority Interest	49.36	49.5	46.31	56.95	67.93	71.32
Shareholders' Equity	6,040	5,974	5,832	5,752	5,325	5,063
Total Liabilities & Equity	8,716	8,387	8,759	9,232	7,687	7,423

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	177.39	42.7	317.69	524.78	52.48	97.94
Net Cash (Debt)	4,251	4,441	4,265	3,692	3,088	2,684
Net Cash Growth	8.95%	4.12%	15.52%	19.54%	15.07%	5.53%
Net Cash Per Share	6.27	6.55	6.29	5.44	4.55	3.96
Filing Date Shares Outstanding	678.06	678.06	678.06	678.06	678.06	678.06
Total Common Shares Outstanding	678.06	678.06	678.06	678.06	678.06	678.06
Working Capital	4,013	3,797	4,070	3,859	3,520	3,092
Book Value Per Share	8.84	8.74	8.53	8.40	7.75	7.36
Tangible Book Value	5,923	5,855	5,711	5,614	5,172	4,902
Tangible Book Value Per Share	8.74	8.64	8.42	8.28	7.63	7.23
Buildings	789.23	791.47	777.06	762.44	649.48	638.36
Machinery	454.17	447.58	428.83	566.02	562.51	562.56
Construction In Progress	5.23	3.85	2.37	1.73	44.73	46.97