Shenzhen Tellus Holding 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	242.15	149.23	377.97	220.34	413.03	240.58
Short-Term Investments	-	89.02	146.56	131	-	-
Trading Asset Securities	90.95	117.41	165.63	206.29	176.13	412.71
Cash & Short-Term Investments	333.1	355.66	690.16	557.63	589.16	653.29
Cash Growth	-21.78%	-48.47%	23.77%	-5.35%	-9.82%	18.43%
Accounts Receivable	73.42	61.01	46.56	99.64	129.56	18.09
Other Receivables	20.79	49.41	8.08	12.38	7.66	5.07
Receivables	94.21	110.42	54.65	112.02	137.23	23.17
Inventory	41.36	59.66	127.43	178.43	116.07	25.43
Prepaid Expenses	-	7.7	0.17	1.42	0.58	-
Other Current Assets	141.59	10.71	42.7	66.37	25.89	25.66
Total Current Assets	610.26	544.14	915.1	915.87	868.93	727.56
Property, Plant & Equipment	140.23	144.9	152.59	158.12	516.8	326.97
Long-Term Investments	622.89	816.74	315.13	185.95	91.2	98.49
Other Intangible Assets	2.97	3.06	3.78	3.92	49.81	49.59
Long-Term Deferred Tax Assets	5.93	6.4	5.5	37.84	8.52	8.5
Long-Term Deferred Charges	32.3	34.12	48.1	38.39	25.88	28.68
Other Long-Term Assets	1,240	1,101	1,154	1,064	670.89	619.86
Total Assets	2,654	2,650	2,594	2,404	2,232	1,860
Accounts Payable	274.51	289.35	235.56	135.83	124.72	67.41
Accrued Expenses	41.26	64.27	60.19	53.42	48.6	45.63
Short-Term Debt	0.01	11	120.1	145.13	20	-
Current Portion of Leases	-	10.58	8.67	7.3	2.01	3.02
Current Income Taxes Payable	31.82	6.38	11.45	7.69	6.94	41.28
Current Unearned Revenue	10.19	11.83	13.48	11.39	15.38	22.89
Other Current Liabilities	142.3	145.09	133.8	188.27	194.5	115.5
Total Current Liabilities	509.84	538.51	583.26	549.04	412.15	295.72
Long-Term Debt	-	-	-	-	144.82	86.88
Long-Term Leases	73.2	75.44	76.54	69.52	2.93	4.47
Long-Term Unearned Revenue	5.62	6.07	7.85	9.63	10.59	10.25
Long-Term Deferred Tax Liabilities	21.06	20.16	25.18	40.41	1.14	0.96
Other Long-Term Liabilities	13.88	13.87	3.91	4.18	4.18	4.18
Total Liabilities	623.58	654.04	696.73	672.78	575.8	402.46
Common Stock	431.06	431.06	431.06	431.06	431.06	431.06
Additional Paid-In Capital	430.87	425.18	425.18	425.18	425.77	425.77
Retained Earnings	1,006	972.33	872.57	749.3	643.1	570.39
Comprehensive Income & Other	-7.61	-1.92	-1.92	-1.64	5.71	5.71
Total Common Equity	1,860	1,827	1,727	1,604	1,506	1,433
Minority Interest	170.73	169.48	170.84	127.17	150.59	24.27
Shareholders' Equity	2,031	1,996	1,898	1,731	1,656	1,457
Total Liabilities & Equity	2,654	2,650	2,594	2,404	2,232	1,860
Total Debt	82.95	97.03	205.32	221.96	169.76	94.37
Net Cash (Debt)	250.15	258.63	484.84	335.67	419.41	558.92
Net Cash Growth	-5.93%	-46.66%	44.44%	-19.96%	-24.96%	3.42%
Net Cash Per Share	0.58	0.60	1.12	0.78	0.97	1.30
Filing Date Shares Outstanding	431.05	431.06	431.06	431.06	431.06	431.06
Total Common Shares Outstanding	431.05	431.06	431.06	431.06	431.06	431.06
Working Capital	100.43	5.63	331.84	366.83	456.78	431.84
Book Value Per Share	4.31	4.24	4.01	3.72	3.49	3.32
Tangible Book Value	1,857	1,824	1,723	1,600	1,456	1,383
Tangible Book Value Per Share	4.31	4.23	4.00	3.71	3.38	3.21
Buildings	-	214.91	214.91	215.03	279.37	271.02
Machinery	-	32.16	40.09	33.86	48.44	47.85
Construction In Progress	-	5.11	3.33	7.28	409.93	210.2

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