Yangzhou Tinfulong 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	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	541.36	759.96	615.05	656.9	477.13	111.54
Trading Asset Securities	732.63	-	0.09	0.03	104.79	667.27
Cash & Short-Term Investments	1,274	759.96	615.14	656.93	581.93	778.81
Cash Growth	107.11%	23.54%	-6.36%	12.89%	-25.28%	-
Accounts Receivable	684.84	657.55	663.98	522.79	603.44	624.09
Other Receivables	1.31	1.29	2.91	1.58	1.91	102.04
Receivables	686.15	658.85	666.89	524.37	605.35	726.13
Inventory	632.25	660.23	408.74	397.91	343.3	288.65
Other Current Assets	786.12	141.89	111.83	56.56	43.18	39.45
Total Current Assets	3,378	2,221	1,803	1,636	1,574	1,833
Property, Plant & Equipment	1,402	1,447	1,483	1,240	903.7	857.62
Long-Term Investments	36.15	35.16	33.3	34.88	35.53	44.28
Other Intangible Assets	125.61	107.06	107.68	110.03	112.02	89.22
Long-Term Deferred Tax Assets	31.47	26.09	18.04	14.64	10.4	9.15
Long-Term Deferred Charges	5.15	9.2	14.43	1.95	2.36	4.68
Other Long-Term Assets	84.12	26.65	29.91	187.16	163.07	26.93
Total Assets	5,063	3,872	3,489	3,224	2,801	2,865
Accounts Payable	127.28	133.07	230.65	335.74	157.08	116.28
Accrued Expenses	50.99	68.65	62.14	54.79	43.78	49.84
Short-Term Debt	0.35	0.35	-	66.07	143.45	70.09
Current Portion of Leases	0.73	2.92	1.37	0.92	-	80.28
Current Income Taxes Payable	19.02	9.87	16.23	12.01	34.17	197.01
Current Unearned Revenue	24.77	25.05	27.96	27.46	51.8	73.51
Other Current Liabilities	110.54	84.36	56.46	62.66	59.35	379.53
Total Current Liabilities	333.67	324.27	394.8	559.65	489.64	966.53
Long-Term Debt	-	-	-	-	-	117
Long-Term Leases	-	-	1.43	-	0.92	-
Long-Term Unearned Revenue	33.21	35.84	35.14	34.19	36.15	5.64
Long-Term Deferred Tax Liabilities	36.34	39.65	40.63	44.07	45.1	45.31
Total Liabilities	403.22	399.75	472	637.91	571.81	1,134
Common Stock	400.01	360	360	360	360	70
Additional Paid-In Capital	1,938	1,121	1,121	1,121	1,121	-
Retained Earnings	2,309	1,985	1,531	1,100	742	1,168
Comprehensive Income & Other	13	5.72	4.38	5.11	5.59	9.5
Total Common Equity	4,660	3,472	3,017	2,587	2,229	1,247
Minority Interest	-	-	-	-	-	483.07
Shareholders' Equity	4,660	3,472	3,017	2,587	2,229	1,730
Total Liabilities & Equity	5,063	3,872	3,489	3,224	2,801	2,865
Total Debt	1.08	3.27	2.81	66.99	144.37	267.37
Net Cash (Debt)	1,273	756.69	612.33	589.95	437.55	511.44
Net Cash Growth	107.88%	23.58%	3.79%	34.83%	-14.45%	-
Net Cash Per Share	3.51	2.10	1.70	1.63	1.25	1.50
Filing Date Shares Outstanding	400.01	360	360	360	349.06	340.41
Total Common Shares Outstanding	400.01	360	360	360	349.06	340.41
Working Capital	3,045	1,897	1,408	1,076	1,084	866.51
Book Value Per Share	11.65	9.64	8.38	7.18	6.39	3.66
Tangible Book Value	4,534	3,365	2,909	2,476	2,117	1,158
Tangible Book Value Per Share	11.33	9.35	8.08	6.88	6.06	3.40
Buildings	-	807.07	803.14	451.18	453.14	455.78
Machinery	-	1,240	1,128	809.77	775.77	762.33
Construction In Progress	-	138.26	169.57	499.41	110.55	0.43

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