Shanghai Tianchen Co.,Ltd 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	221.48	273.28	253.56	476.94	478.29	193.42
Trading Asset Securities	3.15	3.12	9.6	21.89	48.74	155.8
Cash & Short-Term Investments	224.62	276.4	263.16	498.83	527.03	349.21
Cash Growth	24.12%	5.03%	-47.24%	-5.35%	50.92%	-26.05%
Accounts Receivable	94.92	28.11	44.24	25.23	36.57	3.23
Other Receivables	7.29	20.59	4.13	2.71	0.65	25.02
Receivables	102.22	48.7	48.37	27.94	37.22	28.24
Inventory	1,900	1,817	1,588	1,346	1,326	759.38
Other Current Assets	136.35	129.86	31.49	22.54	4.09	11.94
Total Current Assets	2,363	2,272	1,931	1,895	1,894	1,149
Property, Plant & Equipment	67.28	14.1	11.76	299.39	317.18	112.14
Long-Term Investments	222.04	282.35	671.96	730.21	971.81	1,346
Other Intangible Assets	16.93	17.11	17.86	83.43	86.25	56.9
Long-Term Deferred Tax Assets	50.12	49.81	55.67	48.68	29.35	3.31
Long-Term Deferred Charges	25.99	19.36	18.37	-	-	-
Other Long-Term Assets	317.16	305.05	320.75	57.11	60.32	63.73
Total Assets	3,062	2,960	3,028	3,114	3,359	2,731
Accounts Payable	279.12	319.8	513.66	232.55	397.08	9.15
Accrued Expenses	7.2	115.73	124.89	107.72	59.38	8.47
Short-Term Debt	-	-	10	-	-	-
Current Portion of Long-Term Debt	25	25	25	28.8	14.67	-
Current Income Taxes Payable	155.18	42.77	26.2	29.91	40.47	8.33
Current Unearned Revenue	575.68	521.95	395.96	382.11	59.9	0.54
Other Current Liabilities	106.71	126.5	210.71	223.87	40.52	41.54
Total Current Liabilities	1,149	1,152	1,306	1,005	612.01	68.05
Long-Term Debt	328.62	225.89	25	369.93	391.27	-
Long-Term Leases	22.43	71.23	-	-	-	-
Long-Term Deferred Tax Liabilities	47.68	58.58	153.78	174.83	235.77	328.57
Total Liabilities	1,637	1,507	1,485	1,550	1,239	396.62
Common Stock	686.68	686.68	686.68	686.68	686.68	686.68
Additional Paid-In Capital	0.49	0.49	0.49	0.49	53.33	53.33
Retained Earnings	594.85	585.09	389.58	364.37	561.66	563.49
Comprehensive Income & Other	144.07	180.2	466.01	513.23	672.24	897.1
Total Common Equity	1,426	1,452	1,543	1,565	1,974	2,201
Minority Interest	-0.52	-0.32	-0.3	-0.28	145.98	134.01
Shareholders' Equity	1,426	1,452	1,542	1,564	2,120	2,335
Total Liabilities & Equity	3,062	2,960	3,028	3,114	3,359	2,731
Total Debt	376.05	322.12	60	398.73	405.94	-
Net Cash (Debt)	-151.43	-45.72	203.16	100.1	121.09	349.21
Net Cash Growth	-	-	102.96%	-17.34%	-65.33%	-26.05%
Net Cash Per Share	-0.22	-0.07	0.30	0.15	0.18	0.51
Filing Date Shares Outstanding	686.68	686.68	686.68	686.68	686.68	686.68
Total Common Shares Outstanding	686.68	686.68	686.68	686.68	686.68	686.68
Working Capital	1,214	1,120	624.86	890.42	1,282	1,081
Book Value Per Share	2.08	2.12	2.25	2.28	2.87	3.20
Tangible Book Value	1,409	1,435	1,525	1,481	1,888	2,144
Tangible Book Value Per Share	2.05	2.09	2.22	2.16	2.75	3.12
Buildings	-	0.52	0.52	275.99	286.7	0.42
Machinery	-	26.03	24.49	52.22	35.11	36.96
Construction In Progress	-	8.62	5.54	7.96	14.91	91.03