China Tianying 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	1,667	-	1,444	1,379	1,958	3,876
Short-Term Investments	-	-	-	-	36.94	-
Trading Asset Securities	-	-	337.95	389.43	307.47	226.19
Accounts Receivable	2,606	-	2,797	2,601	2,318	1,251
Other Receivables	91.4	-	52.13	122.42	93.09	204.76
Inventory	419.04	-	279.12	315.09	422.18	495.66
Other Current Assets	1,435	-	595.05	558.29	824.68	723.21
Total Current Assets	6,218	-	5,506	5,366	5,960	6,777
Property, Plant & Equipment	6,875	-	5,133	4,397	3,035	2,471
Goodwill	78.65	-	139.63	146.34	146.34	65.67
Other Intangible Assets	15,032	-	14,881	13,939	13,366	10,861
Long-Term Investments	414.43	-	2,521	3,054	3,121	295.79
Long-Term Deferred Tax Assets	229.81	-	201.81	81.35	69.92	52.16
Long-Term Deferred Charges	43.2	-	48.53	22.61	93.32	102.48
Other Long-Term Assets	3,480	-	888.26	1,106	675.57	3,873
Total Assets	32,371	-	29,320	28,112	26,468	24,499
Accounts Payable	2,367	-	2,862	2,994	3,079	2,560
Accrued Expenses	128.45	-	269.77	241.24	213.7	291.88
Short-Term Debt	3,697	-	2,829	2,545	2,866	1,532
Current Portion of Long-Term Debt	1,731	-	936.26	892.77	1,600	405.59
Current Unearned Revenue	46.58	-	143.65	193.87	146.82	120.28
Current Portion of Leases	-	-	584.91	394.74	19.33	16.9
Current Income Taxes Payable	126.06	-	39.92	32.29	117.94	34.92
Other Current Liabilities	1,094	-	832.71	727.46	389.57	688.29
Total Current Liabilities	9,189	-	8,498	8,022	8,431	5,650
Long-Term Debt	6,066	-	5,075	4,325	4,224	5,027
Long-Term Leases	143.1	-	2,181	2,050	94.89	34.74
Long-Term Unearned Revenue	752.11	-	652.29	219.88	217.55	225.66
Long-Term Deferred Tax Liabilities	81.23	-	91.81	94.69	97.27	45.58
Other Long-Term Liabilities	5,174	-	1,889	2,564	2,964	2,364
Total Liabilities	21,406	-	18,387	17,276	16,030	13,347
Common Stock	356.18	-	356.18	356.18	356.18	356.18
Additional Paid-In Capital	7,388	-	8,063	8,179	8,300	8,300
Retained Earnings	3,568	-	3,748	3,518	3,181	3,296
Treasury Stock	-	-	-657.3	-755	-755	-721.3
Comprehensive Income & Other	-553.17	-	-756.56	-647.51	-791.38	-296.5
Total Common Equity	10,759	-	10,754	10,651	10,291	10,935
Minority Interest	205.4	-	178.73	185.61	146.91	216.85
Shareholders' Equity	10,964	-	10,933	10,837	10,438	11,152
Total Liabilities & Equity	32,371	-	29,320	28,112	26,468	24,499
Total Debt	11,637	-	11,606	10,208	8,804	7,016
Net Cash (Debt)	-9,970	-	-9,824	-8,439	-6,502	-2,914
Net Cash Per Share	-4.41	-	-4.21	-3.50	-2.63	-1.16
Filing Date Shares Outstanding	2,214	2,234	2,388	2,388	2,388	2,733
Total Common Shares Outstanding	2,214	2,234	2,388	2,388	2,388	2,733
Working Capital	-2,971	-	-2,993	-2,656	-2,471	1,127
Book Value Per Share	4.86	-	4.50	4.46	4.31	4.00
Tangible Book Value	-4,352	-	-4,267	-3,435	-3,221	8.01
Tangible Book Value Per Share	-1.97	-	-1.79	-1.44	-1.35	0.00
Land	-	-	-	-	-	20.04
Buildings	-	-	1,519	1,467	979.24	990.28
Machinery	-	-	2,054	1,999	1,618	1,611
Construction In Progress	-	-	2,369	1,626	956.98	420.34

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