Toly Bread 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	204.71	164.62	192.75	174.12	279.1	338.58
Short-Term Investments	75.98	75.45	172.3	-	-	-
Trading Asset Securities	157.52	111.57	50.16	30.04	301.18	551.11
Cash & Short-Term Investments	438.21	351.64	415.21	204.15	580.27	889.69
Cash Growth	-28.24%	-15.31%	103.38%	-64.82%	-34.78%	-47.24%
Accounts Receivable	335.27	344.3	380.96	477.59	501.95	512.31
Other Receivables	23.52	24.51	39.3	42.78	61.86	37.43
Receivables	358.79	368.81	420.26	520.37	563.81	549.73
Inventory	143.76	138.3	136.09	168.8	202.39	172.58
Other Current Assets	56.16	56.87	45.26	68.96	104.37	96.49
Total Current Assets	996.92	915.62	1,017	962.28	1,451	1,708
Property, Plant & Equipment	5,276	5,282	4,997	4,469	4,010	3,497
Long-Term Investments	352.19	350.62	93.56	471.35	242.29	-
Other Intangible Assets	385.2	388.39	399.05	409.51	371.7	337.26
Long-Term Deferred Tax Assets	83.87	84.74	142.6	145.12	118.06	88.54
Long-Term Deferred Charges	58.66	64.26	85.98	90.7	80.63	68.69
Other Long-Term Assets	149.95	144.29	339.3	499.57	348.83	317.33
Total Assets	7,303	7,229	7,075	7,048	6,622	6,017
Accounts Payable	578.12	421.47	421.28	403.36	441.58	414.51
Accrued Expenses	57.91	179.18	184.09	206.29	277.77	218.13
Short-Term Debt	114.01	80.94	163.91	52.97	100.78	200
Current Portion of Long-Term Debt	571.75	371.12	352.71	381.85	1.6	-
Current Portion of Leases	-	10.54	12.68	17.17	19.42	26.25
Current Income Taxes Payable	72.64	31.7	33.31	42.83	97.45	59.53
Current Unearned Revenue	6.87	7.95	8.46	6.3	9.34	8.93
Other Current Liabilities	81.94	185.14	170.95	141.05	91.92	78.41
Total Current Liabilities	1,483	1,288	1,347	1,252	1,040	1,006
Long-Term Debt	522.85	704.76	565.18	662.39	499.28	-
Long-Term Leases	12.94	6.83	18.07	34.3	48.78	67.72
Long-Term Unearned Revenue	23.89	21.43	11.54	11.96	7.21	7.78
Long-Term Deferred Tax Liabilities	0	-	-	-	0.97	0.57
Total Liabilities	2,043	2,021	1,942	1,960	1,596	1,082
Common Stock	1,600	1,600	1,600	1,600	1,333	952.21
Additional Paid-In Capital	1,392	1,392	1,392	1,435	1,424	1,782
Retained Earnings	2,268	2,216	2,140	2,098	2,324	2,256
Treasury Stock	-	-	-	-46.28	-55	-55
Shareholders' Equity	5,260	5,208	5,132	5,087	5,026	4,935
Total Liabilities & Equity	7,303	7,229	7,075	7,048	6,622	6,017
Total Debt	1,222	1,174	1,113	1,149	669.87	293.97
Net Cash (Debt)	-783.33	-822.55	-697.35	-944.53	-89.59	595.72
Net Cash Growth	-	-	-	-	-	-59.78%
Net Cash Per Share	-0.49	-0.51	-0.44	-0.59	-0.06	0.37
Filing Date Shares Outstanding	1,600	1,600	1,600	1,600	1,598	1,598
Total Common Shares Outstanding	1,600	1,600	1,600	1,600	1,598	1,598
Working Capital	-486.3	-372.42	-330.56	-289.55	410.98	702.73
Book Value Per Share	3.29	3.26	3.21	3.18	3.15	3.09
Tangible Book Value	4,875	4,820	4,733	4,678	4,654	4,598
Tangible Book Value Per Share	3.05	3.01	2.96	2.92	2.91	2.88
Land	-	-	-	-	45.8	3.35
Buildings	-	3,994	3,590	2,726	1,845	1,512
Machinery	-	2,637	2,403	2,110	1,933	1,614
Construction In Progress	-	241.56	331.95	763.16	1,133	1,163