Tande 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	1,126	1,881	3,766	4,889	5,575	7,561
Short-Term Investments	-	-	17.66	22.8	-	-
Cash & Short-Term Investments	1,126	1,881	3,784	4,912	5,575	7,561
Cash Growth	-66.41%	-50.28%	-22.96%	-11.90%	-26.26%	4.90%
Accounts Receivable	10.57	11.42	27.65	84.31	65.91	75.24
Other Receivables	987.27	981.24	1,306	1,615	1,917	2,631
Receivables	997.83	992.66	1,334	1,699	1,983	2,707
Inventory	15,581	16,483	20,695	25,243	28,892	26,573
Prepaid Expenses	-	-	788.91	872.23	809.56	1,010
Other Current Assets	1,403	1,387	700.47	809.52	1,266	1,746
Total Current Assets	19,108	20,744	27,302	33,535	38,525	39,596
Property, Plant & Equipment	223.78	227.06	102.98	116.98	120.94	129.78
Long-Term Investments	270.95	270.47	309.78	516.65	567.51	560.84
Other Intangible Assets	3.72	4.28	6.95	9.04	9.64	9.48
Long-Term Deferred Tax Assets	606.9	594.82	513.98	1,116	1,075	975.78
Long-Term Deferred Charges	39.05	38.67	12.64	5.71	9.94	2.48
Other Long-Term Assets	513.8	518.65	87.08	-	-	-
Total Assets	20,766	22,398	28,336	35,299	40,309	41,275
Accounts Payable	3,836	4,202	4,224	4,229	5,652	3,442
Accrued Expenses	85.05	91.52	1,214	1,428	1,770	1,074
Short-Term Debt	870.26	808.81	411.98	100.25	-	-
Current Portion of Long-Term Debt	2,447	3,861	6,546	4,427	4,506	6,923
Current Portion of Leases	-	-	1.5	2.38	1.91	1.46
Current Income Taxes Payable	44.04	73.96	85.33	182.52	290.4	179.82
Current Unearned Revenue	1,393	1,696	4,190	9,949	12,102	14,497
Other Current Liabilities	2,109	2,045	815.23	1,989	2,327	2,461
Total Current Liabilities	10,784	12,778	17,488	22,308	26,650	28,579
Long-Term Debt	7,808	7,276	7,053	8,242	8,503	8,129
Long-Term Leases	1.6	1.9	0.31	2.23	-	3.32
Long-Term Unearned Revenue	-	-	4.4	-	-	-
Long-Term Deferred Tax Liabilities	2.65	5.13	17.41	45.52	26.46	18.4
Other Long-Term Liabilities	-	-	-	-	1	1
Total Liabilities	18,597	20,061	24,564	30,597	35,180	36,730
Common Stock	864.12	864.12	864.12	864.12	864.12	864.12
Additional Paid-In Capital	207.93	207.93	207.93	207.93	207.2	207.2
Retained Earnings	345.2	502.29	1,803	2,823	3,317	3,087
Comprehensive Income & Other	0.06	0.06	0.08	0.11	0.15	0.12
Total Common Equity	1,417	1,574	2,876	3,895	4,388	4,158
Minority Interest	752.4	762.14	896.32	806.46	740.11	386.1
Shareholders' Equity	2,170	2,337	3,772	4,702	5,128	4,545
Total Liabilities & Equity	20,766	22,398	28,336	35,299	40,309	41,275
Total Debt	11,127	11,948	14,014	12,773	13,011	15,056
Net Cash (Debt)	-10,001	-10,066	-10,230	-7,862	-7,436	-7,495
Net Cash Per Share	-11.57	-11.65	-11.84	-9.10	-8.60	-8.67
Filing Date Shares Outstanding	864.07	863.81	864.12	864.12	864.12	864.12
Total Common Shares Outstanding	864.07	863.81	864.12	864.12	864.12	864.12
Working Capital	8,324	7,966	9,814	11,227	11,876	11,017
Book Value Per Share	1.64	1.82	3.33	4.51	5.08	4.81
Tangible Book Value	1,414	1,570	2,869	3,886	4,378	4,149
Tangible Book Value Per Share	1.64	1.82	3.32	4.50	5.07	4.80
Buildings	-	-	169.24	174.69	174.61	174.56
Machinery	-	-	52.6	63.26	62.08	59.74

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