Xi'an Tourism 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	110.65	165.67	179.31	283.85	466.1	313.58
Short-Term Investments	-	-	-	-	88.51	150.45
Cash & Short-Term Investments	110.65	165.67	179.31	283.85	554.61	464.03
Cash Growth	-5.52%	-7.61%	-36.83%	-48.82%	19.52%	-1.01%
Accounts Receivable	56.74	66.19	90.75	83.16	28.01	19.31
Other Receivables	61.78	21.18	24.58	31.2	1.46	7.32
Receivables	118.53	87.37	115.33	114.36	29.47	26.63
Inventory	368.22	339.64	341.64	280.44	247.52	81.66
Prepaid Expenses	-	-	-	-	1.43	-
Other Current Assets	48.33	85.51	102.4	112.26	137.27	46.2
Total Current Assets	645.72	678.2	738.68	790.92	970.3	618.53
Property, Plant & Equipment	866.6	916.77	954.88	804.5	827.71	404.94
Long-Term Investments	61.36	62.4	97.44	110.53	125.85	153.84
Goodwill	6.27	6.27	6.61	7.71	7.71	-
Other Intangible Assets	54.55	57.78	71.23	76.3	66.06	54.77
Long-Term Deferred Tax Assets	97.97	97.97	130.36	86.52	23.17	17.57
Long-Term Deferred Charges	113.56	127.32	118.21	75.84	53.88	11.58
Other Long-Term Assets	112.93	115.38	128.42	148.1	141.47	64.48
Total Assets	1,959	2,062	2,246	2,100	2,216	1,326
Accounts Payable	216.23	198.11	182.58	160.12	191.49	20.69
Accrued Expenses	31.74	39.27	41.92	39.85	38.57	43.2
Short-Term Debt	627.03	610.73	547.54	485.55	490.49	248.72
Current Portion of Long-Term Debt	-	16.23	9.26	-	-	-
Current Portion of Leases	49.07	41.51	41.77	38.1	34.97	-
Current Income Taxes Payable	6.4	0.06	0.02	0.05	0.22	6.41
Current Unearned Revenue	72.45	92.53	95.28	73.06	52.6	12.11
Other Current Liabilities	95.95	94.13	77.86	97.04	97.38	91.6
Total Current Liabilities	1,099	1,093	996.22	893.76	905.74	422.73
Long-Term Debt	254.29	246.5	191	200.26	200.26	-
Long-Term Leases	354.91	382.73	440.51	263.94	261.79	-
Long-Term Unearned Revenue	6.11	6.11	4.54	4.57	4.6	1.6
Long-Term Deferred Tax Liabilities	103.02	103.18	120.45	76.62	7.3	-
Other Long-Term Liabilities	15.41	16.09	15.61	14.66	12.91	8.1
Total Liabilities	1,833	1,847	1,768	1,454	1,393	432.43
Common Stock	236.75	236.75	236.75	236.75	236.75	236.75
Additional Paid-In Capital	398.21	398.21	398.21	398.21	398.21	394.71
Retained Earnings	-478.61	-398.27	-137.94	15.99	183.36	260.04
Total Common Equity	156.34	236.68	497.02	650.95	818.31	891.5
Minority Interest	-29.99	-21.79	-19.53	-4.36	5.25	1.79
Shareholders' Equity	126.35	214.9	477.49	646.59	823.56	893.29
Total Liabilities & Equity	1,959	2,062	2,246	2,100	2,216	1,326
Total Debt	1,285	1,298	1,230	987.85	987.52	248.72
Net Cash (Debt)	-1,175	-1,132	-1,051	-704	-432.91	215.32
Net Cash Growth	-	-	-	-	-	-9.70%
Net Cash Per Share	-4.96	-4.78	-4.44	-2.97	-1.83	0.91
Filing Date Shares Outstanding	236.75	236.75	236.75	236.75	236.75	236.75
Total Common Shares Outstanding	236.75	236.75	236.75	236.75	236.75	236.75
Working Capital	-453.15	-414.38	-257.54	-102.85	64.57	195.8
Book Value Per Share	0.66	1.00	2.10	2.75	3.46	3.77
Tangible Book Value	95.53	172.64	419.18	566.94	744.54	836.73
Tangible Book Value Per Share	0.40	0.73	1.77	2.39	3.14	3.53
Buildings	-	546.4	546.4	544.88	547.89	224.05
Machinery	-	52.55	50.05	39.56	35.68	51.6
Construction In Progress	-	61.6	9.33	1.6	-	240.91

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