Shenzhen Tagen 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	9,243	10,064	10,718	9,218	8,412	8,630
Trading Asset Securities	0.16	-	10.84	33.25	12.18	162.37
Cash & Short-Term Investments	9,243	10,064	10,729	9,251	8,424	8,793
Cash Growth	-1.34%	-6.20%	15.98%	9.81%	-4.19%	69.12%
Accounts Receivable	18,574	17,218	18,404	16,643	11,675	6,955
Other Receivables	577	611.12	815.11	715.15	533.48	523.14
Receivables	19,151	17,830	19,219	17,358	12,209	7,478
Inventory	20,952	23,258	26,447	32,828	28,505	26,494
Prepaid Expenses	-	454.42	543.41	385.18	380.24	58.77
Other Current Assets	1,521	1,224	1,328	862.73	1,504	536.06
Total Current Assets	50,867	52,830	58,267	60,686	51,023	43,360
Property, Plant & Equipment	680.86	722.22	564.67	642.78	643.49	498.68
Long-Term Investments	1,215	1,120	1,079	933.18	1,155	1,164
Goodwill	50.81	50.81	50.81	19.45	16.49	16.49
Other Intangible Assets	1,237	1,325	1,426	1,587	1,107	586.18
Long-Term Accounts Receivable	186.9	197.82	208.72	246.78	266.66	-
Long-Term Deferred Tax Assets	1,685	1,698	1,855	1,888	2,455	849.78
Long-Term Deferred Charges	155.28	167.83	196.32	172.91	100.93	92.49
Other Long-Term Assets	7,270	5,791	5,829	3,122	3,057	2,431
Total Assets	63,347	63,903	69,476	69,299	59,824	48,999
Accounts Payable	15,169	17,102	19,567	18,782	14,128	138.24
Accrued Expenses	466.73	1,199	1,541	1,613	2,337	2,461
Short-Term Debt	1,350	2,034	4,211	6,632	4,906	6,184
Current Portion of Long-Term Debt	3,010	3,803	5,523	3,229	2,687	2,597
Current Portion of Leases	-	42.9	54.75	32.63	26.03	-
Current Income Taxes Payable	225.64	387.44	331.71	337.62	326.52	321.55
Current Unearned Revenue	10,250	8,920	11,449	9,728	10,437	4,995
Other Current Liabilities	4,743	3,257	2,836	2,738	2,263	12,192
Total Current Liabilities	35,213	36,745	45,514	43,093	37,110	28,889
Long-Term Debt	12,711	11,693	8,296	11,561	9,308	8,317
Long-Term Leases	225.09	214.24	269.39	332.75	359.51	-
Long-Term Unearned Revenue	81.23	41.31	43.55	5.48	6.2	8.77
Long-Term Deferred Tax Liabilities	219.24	163.36	226.97	206.83	174.56	707.21
Other Long-Term Liabilities	12.95	21.36	21.3	12.22	39.12	39.23
Total Liabilities	48,463	48,878	54,371	55,211	46,997	37,961
Common Stock	1,869	1,869	1,869	1,869	1,869	1,869
Additional Paid-In Capital	1,556	1,556	1,561	1,563	1,558	1,562
Retained Earnings	7,496	7,690	7,669	6,884	5,686	4,602
Comprehensive Income & Other	3,567	3,474	3,478	3,398	3,592	2,924
Total Common Equity	14,487	14,589	14,576	13,714	12,705	10,956
Minority Interest	397.41	435.2	528.86	373.97	121.15	81.05
Shareholders' Equity	14,885	15,025	15,105	14,088	12,827	11,037
Total Liabilities & Equity	63,347	63,903	69,476	69,299	59,824	48,999
Total Debt	17,296	17,787	18,355	21,787	17,286	17,098
Net Cash (Debt)	-8,053	-7,723	-7,626	-12,536	-8,861	-8,306
Net Cash Per Share	-4.31	-3.26	-3.72	-6.25	-4.40	-4.12
Filing Date Shares Outstanding	1,869	1,869	1,869	1,869	1,869	1,869
Total Common Shares Outstanding	1,869	1,869	1,869	1,869	1,869	1,869
Working Capital	15,654	16,085	12,753	17,593	13,913	14,471
Book Value Per Share	6.04	7.81	7.80	7.34	6.80	5.86
Tangible Book Value	13,200	13,214	13,100	12,107	11,582	10,354
Tangible Book Value Per Share	5.35	7.07	7.01	6.48	6.20	5.54
Buildings	-	617.53	242.34	261	275.45	305.36
Machinery	-	938.36	898.73	897.59	792.74	722.99
Construction In Progress	-	18.2	14.3	34.96	12.98	14.36

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.