Tibet Tourism Co.,Ltd Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	625	506.53	388.72	428.72	575.36	471.56
Trading Asset Securities	70.71	232.35	380.4	102.67	100.17	70.14
Cash & Short-Term Investments	695.71	738.89	769.12	531.39	675.54	541.7
Cash Growth	-3.29%	-3.93%	44.74%	-21.34%	24.71%	2.99%
Accounts Receivable	22.22	15.75	23.47	32.62	35.89	20.04
Other Receivables	23.93	10.69	9.6	9.76	10.84	15.95
Receivables	46.15	26.44	33.07	42.38	46.73	35.99
Inventory	10.93	9.83	8.41	6.87	6.79	7.76
Other Current Assets	21.24	43.64	10.23	6	5.38	8.77
Total Current Assets	774.02	818.8	820.83	586.65	734.44	594.22
Property, Plant & Equipment	299.39	304.84	292.66	294.58	295.38	314.86
Goodwill	-	-	-	-	-	4.93
Other Intangible Assets	356.28	360.22	382.85	395.23	411.72	422.14
Long-Term Deferred Tax Assets	1.96	2.22	1.42	0.04	-	-
Long-Term Deferred Charges	21.63	22.6	40.51	44.59	51.05	26.56
Other Long-Term Assets	3.61	7.68	2.85	42.36	40.59	5.01
Total Assets	1,457	1,516	1,541	1,363	1,533	1,368
Accounts Payable	47.19	15.97	14.25	12.23	66.11	74.11
Accrued Expenses	5.88	5.83	7.67	5.68	5.07	3.84
Short-Term Debt	45.19	100.06	180.18	40	124.15	99.16
Current Portion of Long-Term Debt	15.19	70.28	34.4	64.4	10.43	58.25
Current Portion of Leases	-	2.99	0.62	0.25	0.24	-
Current Income Taxes Payable	1.77	0.61	0.54	-	0	0.09
Current Unearned Revenue	7.06	27.74	41.7	26.55	50.32	38.34
Other Current Liabilities	68.41	96.17	83.44	100.16	53.72	41.53
Total Current Liabilities	190.69	319.65	362.8	249.27	310.04	315.32
Long-Term Debt	171.72	137.19	151.64	115.99	193.72	16.63
Long-Term Leases	11.88	13.02	4.77	0.25	0.5	-
Long-Term Unearned Revenue	1.88	1.92	0.39	0.51	0.64	0.76
Long-Term Deferred Tax Liabilities	1.34	1.68	0.49	0.04	-	-
Total Liabilities	377.5	473.46	520.08	366.06	504.89	332.7
Common Stock	226.97	226.97	226.97	226.97	226.97	226.97
Additional Paid-In Capital	974.48	972.52	973.08	971.19	971.51	971.51
Retained Earnings	-94.46	-127.02	-143.7	-158.21	-128.83	-120.72
Treasury Stock	-31.48	-31.48	-38.16	-43.97	-43.97	-43.97
Comprehensive Income & Other	0.42	0.19	0.4	-	-	-
Total Common Equity	1,076	1,041	1,019	995.98	1,026	1,034
Minority Interest	3.48	1.73	2.46	1.42	2.62	1.24
Shareholders' Equity	1,079	1,043	1,021	997.4	1,028	1,035
Total Liabilities & Equity	1,457	1,516	1,541	1,363	1,533	1,368
Total Debt	243.98	323.54	371.61	220.89	329.03	174.04
Net Cash (Debt)	451.73	415.34	397.52	310.5	346.51	367.67
Net Cash Growth	5.57%	4.48%	28.02%	-10.39%	-5.75%	-10.60%
Net Cash Per Share	2.06	1.86	1.76	1.40	1.56	1.65
Filing Date Shares Outstanding	223.67	210.16	222.2	222.2	222.2	222.2
Total Common Shares Outstanding	223.67	210.16	222.2	222.2	222.2	222.2
Working Capital	583.33	499.15	458.04	337.38	424.4	278.9
Book Value Per Share	4.81	4.95	4.58	4.48	4.62	4.65
Tangible Book Value	719.64	680.95	635.74	600.75	613.95	606.71
Tangible Book Value Per Share	3.22	3.24	2.86	2.70	2.76	2.73
Buildings	-	292.18	295.97	281.85	280.88	266.98
Machinery	-	112.25	102.84	96.36	92.93	86.13
Construction In Progress	-	18.35	9.82	20.68	8.7	41.54

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