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 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	Dec '21 Dec 31, 2021
Cash & Equivalents	37.46	83.76	165.67	179.31	283.85	466.1
Short-Term Investments	-	-	-	-	-	88.51
Cash & Short-Term Investments	37.46	83.76	165.67	179.31	283.85	554.61
Cash Growth	-72.77%	-49.44%	-7.61%	-36.83%	-48.82%	19.52%
Accounts Receivable	43.09	43.47	66.19	90.75	83.16	28.01
Other Receivables	52.75	35.09	21.18	24.58	31.2	1.46
Receivables	95.84	78.56	87.37	115.33	114.36	29.47
Inventory	329.27	326.39	339.64	341.64	280.44	247.52
Prepaid Expenses	-	-	-	-	-	1.43
Other Current Assets	48.62	43.62	85.51	102.4	112.26	137.27
Total Current Assets	511.18	532.33	678.2	738.68	790.92	970.3
Property, Plant & Equipment	785.76	801.27	916.77	954.88	804.5	827.71
Long-Term Investments	12.66	28.16	62.4	97.44	110.53	125.85
Goodwill	5.94	5.94	6.27	6.61	7.71	7.71
Other Intangible Assets	47.74	48.81	57.78	71.23	76.3	66.06
Long-Term Deferred Tax Assets	72.5	72.5	97.97	130.36	86.52	23.17
Long-Term Deferred Charges	79.27	83.76	127.32	118.21	75.84	53.88
Other Long-Term Assets	107.59	108.99	115.38	128.42	148.1	141.47
Total Assets	1,623	1,682	2,062	2,246	2,100	2,216
Accounts Payable	244.59	240.01	198.11	182.58	160.12	191.49
Accrued Expenses	32.52	32.82	39.27	41.92	39.85	38.57
Short-Term Debt	555.03	626.93	610.73	547.54	485.55	490.49
Current Portion of Long-Term Debt	57.51	66.01	16.23	9.26	-	-
Current Portion of Leases	-	-	41.51	41.77	38.1	34.97
Current Income Taxes Payable	3.36	4.9	0.06	0.02	0.05	0.22
Current Unearned Revenue	75.91	75.71	92.53	95.28	73.06	52.6
Other Current Liabilities	131.65	92.54	94.13	77.86	97.04	97.38
Total Current Liabilities	1,101	1,139	1,093	996.22	893.76	905.74
Long-Term Debt	225.2	215.2	246.5	191	200.26	200.26
Long-Term Leases	307.46	308.11	382.73	440.51	263.94	261.79
Long-Term Unearned Revenue	5.87	5.87	6.11	4.54	4.57	4.6
Long-Term Deferred Tax Liabilities	77.27	77.27	103.18	120.45	76.62	7.3
Other Long-Term Liabilities	13.68	14.03	16.09	15.61	14.66	12.91
Total Liabilities	1,730	1,759	1,847	1,768	1,454	1,393
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	398.21
Retained Earnings	-716.13	-689.49	-398.27	-137.94	15.99	183.36
Total Common Equity	-81.17	-54.54	236.68	497.02	650.95	818.31
Minority Interest	-26.24	-23.12	-21.79	-19.53	-4.36	5.25
Shareholders' Equity	-107.41	-77.66	214.9	477.49	646.59	823.56
Total Liabilities & Equity	1,623	1,682	2,062	2,246	2,100	2,216
Total Debt	1,145	1,216	1,298	1,230	987.85	987.52
Net Cash (Debt)	-1,108	-1,132	-1,132	-1,051	-704	-432.91
Net Cash Per Share	-4.68	-4.78	-4.78	-4.44	-2.97	-1.83
Filing Date Shares Outstanding	236.76	236.83	236.75	236.75	236.75	236.75
Total Common Shares Outstanding	236.76	236.83	236.75	236.75	236.75	236.75
Working Capital	-589.4	-606.6	-414.38	-257.54	-102.85	64.57
Book Value Per Share	-0.34	-0.23	1.00	2.10	2.75	3.46
Tangible Book Value	-134.85	-109.29	172.64	419.18	566.94	744.54
Tangible Book Value Per Share	-0.57	-0.46	0.73	1.77	2.39	3.14
Buildings	-	-	546.4	546.4	544.88	547.89
Machinery	-	-	52.55	50.05	39.56	35.68
Construction In Progress	-	-	61.6	9.33	1.6	-

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