Topchoice Medical Co. 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	577.06	620.56	594.48	630.32	843.99	674.09
Trading Asset Securities	1.42	1.42	-	-	-	-
Cash & Short-Term Investments	578.48	621.97	594.48	630.32	843.99	674.09
Cash Growth	-3.26%	4.63%	-5.69%	-25.32%	25.20%	35.96%
Accounts Receivable	157.38	151.03	137.51	104.95	73.51	66.46
Other Receivables	85.02	74.88	64.4	59.7	55.49	36.27
Receivables	242.39	225.91	321.91	424.65	129	102.73
Inventory	32.4	29.99	24.8	22.9	20.34	17.66
Other Current Assets	52.16	39.76	28.18	34.02	27.7	38.76
Total Current Assets	905.44	917.63	969.37	1,112	1,021	833.24
Property, Plant & Equipment	2,924	2,891	2,753	2,203	2,245	914.02
Long-Term Investments	1,176	1,147	1,156	644.73	725.94	548.01
Goodwill	73.06	73.06	50.28	50.28	50.28	50.28
Other Intangible Assets	77.36	79.68	58.66	12.37	12.85	13
Long-Term Deferred Tax Assets	57.79	61.5	22.08	12.5	4.96	1.3
Long-Term Deferred Charges	392.83	389.84	376.84	334.45	244.28	162.93
Other Long-Term Assets	672.17	156.64	256.22	421.26	82.76	26.91
Total Assets	6,279	6,182	6,062	5,154	4,955	3,064
Accounts Payable	121.56	136.65	183.3	140.52	173.53	167.77
Accrued Expenses	8.49	45.59	67.99	38.92	41.92	64.04
Short-Term Debt	50	80.62	125.72	0.48	1.37	0.43
Current Portion of Long-Term Debt	289.76	20.22	39.07	41.1	70.13	-
Current Portion of Leases	-	109.23	100.67	99.82	96.32	-
Current Income Taxes Payable	55.76	98.72	115.17	103.06	188.89	99.83
Current Unearned Revenue	9.77	19.82	19.77	20.38	19.97	32.63
Other Current Liabilities	23.68	36.43	39.3	33.18	32.77	93.88
Total Current Liabilities	559.02	547.27	690.99	477.46	624.89	458.58
Long-Term Debt	-	169	189	28.8	109.96	225.27
Long-Term Leases	979.58	1,065	1,005	983.75	1,021	-
Long-Term Unearned Revenue	13.32	14.38	16.11	17.6	19.24	20.88
Long-Term Deferred Tax Liabilities	24.19	26.88	28.7	28.61	34.97	11.29
Total Liabilities	1,576	1,823	1,930	1,536	1,810	716.02
Common Stock	447.29	447.29	320.64	320.64	320.64	320.64
Additional Paid-In Capital	-	-	10.09	-	-	-
Retained Earnings	3,987	3,676	3,571	3,071	2,522	1,822
Treasury Stock	-	-	-100.99	-99.99	-	-
Comprehensive Income & Other	-90.38	-95.02	14.32	19.59	37.64	7.19
Total Common Equity	4,344	4,028	3,815	3,311	2,881	2,150
Minority Interest	359.08	331.29	317.48	307.48	263.8	198.26
Shareholders' Equity	4,703	4,359	4,132	3,618	3,144	2,348
Total Liabilities & Equity	6,279	6,182	6,062	5,154	4,955	3,064
Total Debt	1,319	1,445	1,459	1,154	1,299	225.69
Net Cash (Debt)	-740.86	-822.56	-864.77	-523.63	-455.02	448.4
Net Cash Growth	-	-	-	-	-	314.01%
Net Cash Per Share	-1.66	-1.84	-1.94	-1.17	-1.01	1.00
Filing Date Shares Outstanding	447.29	447.29	447.95	449.09	449.09	449.09
Total Common Shares Outstanding	447.29	447.29	447.95	449.09	449.09	449.09
Working Capital	346.41	370.36	278.38	634.43	396.14	374.66
Book Value Per Share	9.71	9.00	8.52	7.37	6.41	4.79
Tangible Book Value	4,193	3,875	3,706	3,248	2,818	2,087
Tangible Book Value Per Share	9.37	8.66	8.27	7.23	6.27	4.65
Buildings	-	799.43	799.43	795.97	829.35	765.13
Machinery	-	673.9	632.72	577.32	501.77	413.69
Construction In Progress	-	1,030	850.66	260.37	198.88	121.2

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