China Tianying 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	2,612	1,444	1,379	1,958	3,876	3,396
Short-Term Investments	-	-	-	36.94	-	-
Trading Asset Securities	-	337.95	389.43	307.47	226.19	398.02
Accounts Receivable	2,887	2,797	2,601	2,318	1,251	6,334
Other Receivables	109.29	52.13	122.42	93.09	204.76	250.06
Inventory	374.28	279.12	315.09	422.18	495.66	760.22
Other Current Assets	1,093	595.05	558.29	824.68	723.21	1,474
Total Current Assets	7,076	5,506	5,366	5,960	6,777	12,612
Property, Plant & Equipment	6,088	5,133	4,397	3,035	2,471	14,709
Goodwill	139.63	139.63	146.34	146.34	65.67	5,606
Other Intangible Assets	14,903	14,881	13,939	13,366	10,861	11,157
Long-Term Investments	334.62	2,521	3,054	3,121	295.79	1,363
Long-Term Deferred Tax Assets	204.77	201.81	81.35	69.92	52.16	207.48
Long-Term Deferred Charges	70.21	48.53	22.61	93.32	102.48	49.84
Other Long-Term Assets	3,591	888.26	1,106	675.57	3,873	4,675
Total Assets	32,408	29,320	28,112	26,468	24,499	50,378
Accounts Payable	2,451	2,862	2,994	3,079	2,560	6,335
Accrued Expenses	129.41	269.77	241.24	213.7	291.88	1,660
Short-Term Debt	3,727	2,829	2,545	2,866	1,532	3,494
Current Portion of Long-Term Debt	1,382	936.26	892.77	1,600	405.59	116.88
Current Unearned Revenue	149.05	143.65	193.87	146.82	120.28	126.86
Current Portion of Leases	-	584.91	394.74	19.33	16.9	-
Current Income Taxes Payable	182.81	39.92	32.29	117.94	34.92	279.87
Other Current Liabilities	1,275	832.71	727.46	389.57	688.29	3,122
Total Current Liabilities	9,296	8,498	8,022	8,431	5,650	15,135
Long-Term Debt	6,316	5,075	4,325	4,224	5,027	17,206
Long-Term Leases	2,751	2,181	2,050	94.89	34.74	-
Long-Term Unearned Revenue	657.5	652.29	219.88	217.55	225.66	702.82
Long-Term Deferred Tax Liabilities	89.48	91.81	94.69	97.27	45.58	430.27
Other Long-Term Liabilities	2,154	1,889	2,564	2,964	2,364	4,410
Total Liabilities	21,264	18,387	17,276	16,030	13,347	37,883
Common Stock	356.18	356.18	356.18	356.18	356.18	356.18
Additional Paid-In Capital	8,063	8,063	8,179	8,300	8,300	8,423
Retained Earnings	3,977	3,748	3,518	3,181	3,296	2,567
Treasury Stock	-657.3	-657.3	-755	-755	-721.3	-
Comprehensive Income & Other	-805.69	-756.56	-647.51	-791.38	-296.5	346.4
Total Common Equity	10,934	10,754	10,651	10,291	10,935	11,693
Minority Interest	209.16	178.73	185.61	146.91	216.85	801.12
Shareholders' Equity	11,143	10,933	10,837	10,438	11,152	12,495
Total Liabilities & Equity	32,408	29,320	28,112	26,468	24,499	50,378
Total Debt	14,175	11,606	10,208	8,804	7,016	20,817
Net Cash (Debt)	-11,563	-9,824	-8,439	-6,502	-2,914	-17,023
Net Cash Per Share	-4.98	-4.21	-3.50	-2.63	-1.16	-6.75
Filing Date Shares Outstanding	2,388	2,388	2,388	2,388	2,733	2,524
Total Common Shares Outstanding	2,388	2,388	2,388	2,388	2,733	2,524
Working Capital	-2,220	-2,993	-2,656	-2,471	1,127	-2,523
Book Value Per Share	4.58	4.50	4.46	4.31	4.00	4.63
Tangible Book Value	-4,108	-4,267	-3,435	-3,221	8.01	-5,069
Tangible Book Value Per Share	-1.72	-1.79	-1.44	-1.35	0.00	-2.01
Land	-	-	-	-	20.04	840.15
Buildings	-	1,519	1,467	979.24	990.28	3,301
Machinery	-	2,054	1,999	1,618	1,611	5,399
Construction In Progress	-	2,369	1,626	956.98	420.34	6,589

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