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 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	9,340	9,378	10,064	10,718	9,218	8,412
Trading Asset Securities	0.15	0.15	-	10.84	33.25	12.18
Cash & Short-Term Investments	9,340	9,378	10,064	10,729	9,251	8,424
Cash Growth	11.62%	-6.81%	-6.20%	15.98%	9.81%	-4.19%
Accounts Receivable	19,323	18,442	17,218	18,404	16,643	11,675
Other Receivables	662.65	335.66	181.95	815.11	715.15	533.48
Receivables	19,986	18,777	17,400	19,219	17,358	12,209
Inventory	13,418	14,749	23,258	26,447	32,828	28,505
Prepaid Expenses	-	295.97	393	494.85	385.18	380.24
Other Current Assets	1,532	1,815	1,715	1,377	862.73	1,504
Total Current Assets	44,275	45,015	52,830	58,267	60,686	51,023
Property, Plant & Equipment	678.1	628.16	722.22	564.67	642.78	643.49
Long-Term Investments	1,256	1,340	1,120	1,079	933.18	1,155
Goodwill	34.75	34.75	50.81	50.81	19.45	16.49
Other Intangible Assets	1,175	3,583	3,701	1,426	1,587	1,107
Long-Term Accounts Receivable	-	183.38	197.82	208.72	246.78	266.66
Long-Term Deferred Tax Assets	1,477	1,484	1,698	1,855	1,888	2,455
Long-Term Deferred Charges	168.8	152.78	167.83	196.32	172.91	100.93
Other Long-Term Assets	7,675	4,108	2,883	5,829	3,122	3,057
Total Assets	56,740	57,414	63,903	69,476	69,299	59,824
Accounts Payable	15,534	16,430	17,102	19,567	18,782	14,128
Accrued Expenses	533.75	1,350	1,201	1,541	1,613	2,337
Short-Term Debt	196.6	1,318	2,034	4,211	6,632	4,906
Current Portion of Long-Term Debt	3,323	2,473	3,803	5,523	3,229	2,687
Current Portion of Leases	-	26.85	42.9	54.75	32.63	26.03
Current Income Taxes Payable	578.54	243.86	387.44	331.71	337.62	326.52
Current Unearned Revenue	3,952	3,442	8,920	11,449	9,728	10,437
Other Current Liabilities	4,267	3,865	3,255	2,836	2,738	2,263
Total Current Liabilities	28,385	29,148	36,745	45,514	43,093	37,110
Long-Term Debt	13,172	13,035	11,693	8,296	11,561	9,308
Long-Term Leases	253.82	206.15	214.24	269.39	332.75	359.51
Long-Term Unearned Revenue	17.74	37.13	41.31	43.55	5.48	6.2
Long-Term Deferred Tax Liabilities	251.08	209.67	163.36	226.97	206.83	174.56
Other Long-Term Liabilities	5.45	6.63	21.36	21.3	12.22	39.12
Total Liabilities	42,085	42,643	48,878	54,371	55,211	46,997
Common Stock	1,869	1,869	1,869	1,869	1,869	1,869
Additional Paid-In Capital	1,560	1,560	1,556	1,561	1,563	1,558
Retained Earnings	7,610	7,633	7,690	7,669	6,884	5,686
Comprehensive Income & Other	3,403	3,466	3,474	3,478	3,398	3,592
Total Common Equity	14,442	14,527	14,589	14,576	13,714	12,705
Minority Interest	212.94	243.7	435.2	528.86	373.97	121.15
Shareholders' Equity	14,655	14,771	15,025	15,105	14,088	12,827
Total Liabilities & Equity	56,740	57,414	63,903	69,476	69,299	59,824
Total Debt	16,946	17,059	17,787	18,355	21,787	17,286
Net Cash (Debt)	-7,606	-7,680	-7,723	-7,626	-12,536	-8,861
Net Cash Per Share	-2.37	-4.11	-3.26	-3.72	-6.25	-4.40
Filing Date Shares Outstanding	1,865	1,869	1,869	1,869	1,869	1,869
Total Common Shares Outstanding	1,865	1,869	1,869	1,869	1,869	1,869
Working Capital	15,891	15,867	16,085	12,753	17,593	13,913
Book Value Per Share	7.74	6.06	6.10	7.80	7.34	6.80
Tangible Book Value	13,231	10,910	10,838	13,100	12,107	11,582
Tangible Book Value Per Share	7.09	4.13	4.09	7.01	6.48	6.20
Buildings	-	645.7	617.53	242.34	261	275.45
Machinery	-	924	938.36	898.73	897.59	792.74
Construction In Progress	-	20.27	18.2	14.3	34.96	12.98

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