TSI Group 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	275.89	171.92	139.12	196.08
Trading Asset Securities	560.44	170.57	127.49	18.1
Cash & Short-Term Investments	836.32	342.49	266.62	214.18
Cash Growth	213.68%	28.46%	24.48%	-
Accounts Receivable	203.85	177.86	173.17	135.53
Other Receivables	12.09	7.04	2.86	5.13
Receivables	215.93	184.9	176.03	140.65
Inventory	229.67	209.41	176.51	204.23
Other Current Assets	20.64	26.51	22.78	15.09
Total Current Assets	1,303	763.31	641.93	574.15
Property, Plant & Equipment	353.07	289.2	267.75	240.88
Long-Term Investments	8.21	7.62	9.76	10.44
Goodwill	32.29	32.29	32.29	32.29
Other Intangible Assets	40.4	40.65	38.38	44.02
Long-Term Deferred Tax Assets	25.38	23.7	22.01	19.38
Other Long-Term Assets	50.07	29.25	6.92	3.3
Total Assets	1,812	1,186	1,019	924.46
Accounts Payable	131.28	131.6	119.52	141.02
Accrued Expenses	17.66	22.81	18.32	23.55
Short-Term Debt	20.02	20.02	46.25	97.59
Current Income Taxes Payable	15.18	6.28	7.94	11.91
Current Unearned Revenue	4.82	2.87	2.82	1.27
Other Current Liabilities	3.29	10.56	7.67	5.95
Total Current Liabilities	199.72	194.14	202.52	281.3
Long-Term Leases	25.08	3.87	5.41	2.9
Long-Term Unearned Revenue	10.51	3.59	3.67	3.75
Long-Term Deferred Tax Liabilities	24.7	30.68	27.64	19.92
Other Long-Term Liabilities	8.81	7.63	8.42	9.25
Total Liabilities	268.82	239.91	247.67	317.11
Common Stock	400.01	350	350	350
Additional Paid-In Capital	514.54	84.73	84.73	84.73
Retained Earnings	621.49	504.94	330.49	170.47
Comprehensive Income & Other	-2.5	-2.45	-1.85	-5.36
Total Common Equity	1,534	937.21	763.37	599.85
Minority Interest	9.62	8.9	8	7.5
Shareholders' Equity	1,543	946.11	771.36	607.35
Total Liabilities & Equity	1,812	1,186	1,019	924.46
Total Debt	52.58	23.89	51.66	100.49
Net Cash (Debt)	783.75	318.61	214.96	113.68
Net Cash Growth	264.60%	48.22%	89.08%	-
Net Cash Per Share	2.18	0.91	0.62	0.33
Filing Date Shares Outstanding	400.01	350	347.86	346.52
Total Common Shares Outstanding	400.01	350	347.86	346.52
Working Capital	1,103	569.17	439.41	292.86
Book Value Per Share	3.83	2.68	2.19	1.73
Tangible Book Value	1,461	864.27	692.7	523.54
Tangible Book Value Per Share	3.65	2.47	1.99	1.51
Buildings	-	158.11	149.66	136.69
Machinery	-	301.5	265.77	229.65
Construction In Progress	-	21.69	15.07	18.1

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