Tibet Development 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	1,018	618.81	544.42	89.38	30.32	29.09
Cash & Short-Term Investments	1,018	618.81	544.42	89.38	30.32	29.09
Cash Growth	69.61%	13.66%	509.11%	194.81%	4.21%	-93.27%
Accounts Receivable	0.01	-	-	26.65	31.23	-
Other Receivables	0.68	0.45	0.33	422.67	476.88	398.39
Receivables	0.69	0.45	0.33	449.31	508.11	398.39
Inventory	35.31	33.98	30.39	11.7	21.76	19.44
Other Current Assets	5.55	3.98	4.07	2.09	2.16	100.91
Total Current Assets	1,060	657.22	579.21	552.49	562.35	547.84
Property, Plant & Equipment	159.5	141.29	137.41	78.49	90.69	103.82
Long-Term Investments	176.68	181.98	189.82	228.79	246.08	256.64
Other Intangible Assets	5.25	4.91	4.44	4.59	4.74	4.9
Long-Term Deferred Tax Assets	0.02	13.17	13.17	14.82	5.37	2.49
Long-Term Deferred Charges	2.28	2	0.57	-	-	-
Other Long-Term Assets	4.38	-	1.94	26.29	-	-
Total Assets	1,408	1,001	926.56	905.46	909.24	915.69
Accounts Payable	32.15	20.77	19.15	11	8.14	5.88
Accrued Expenses	1.71	9.4	6.39	7	3.7	4.5
Short-Term Debt	159.2	299.25	305.99	465.2	445.91	468.35
Current Income Taxes Payable	8.17	3.82	2.18	1.16	2.78	3.73
Current Unearned Revenue	-	0.33	3.13	-	-	-
Other Current Liabilities	-	9.58	9.38	31.67	32.89	35.42
Total Current Liabilities	201.23	343.14	346.22	516.02	493.43	517.9
Long-Term Debt	4.3	4.3	4.3	4.3	4.3	4.3
Long-Term Unearned Revenue	4.03	0.79	0.79	0.79	0.79	0.99
Other Long-Term Liabilities	25.12	25.12	25.12	40.84	42.51	32.92
Total Liabilities	234.68	373.35	376.43	561.95	541.02	556.1
Common Stock	263.76	263.76	263.76	263.76	263.76	263.76
Additional Paid-In Capital	545.84	213.84	213.84	24.06	24.06	24.06
Retained Earnings	-194.88	-339.79	-365.99	-340.21	-252.63	-238.26
Total Common Equity	614.72	137.81	111.61	-52.39	35.18	49.56
Minority Interest	558.35	489.41	438.51	395.91	333.03	310.03
Shareholders' Equity	1,173	627.22	550.13	343.51	368.22	359.58
Total Liabilities & Equity	1,408	1,001	926.56	905.46	909.24	915.69
Total Debt	163.5	303.55	310.29	469.5	450.21	472.65
Net Cash (Debt)	854.59	315.27	234.13	-380.12	-419.89	-443.56
Net Cash Growth	197.96%	34.66%	-	-	-	-
Net Cash Per Share	3.24	1.20	0.89	-1.44	-1.46	-1.58
Filing Date Shares Outstanding	263.76	263.76	263.76	263.76	263.76	263.76
Total Common Shares Outstanding	263.76	263.76	263.76	263.76	263.76	263.76
Working Capital	858.4	314.08	232.99	36.46	68.92	29.94
Book Value Per Share	2.33	0.52	0.42	-0.20	0.13	0.19
Tangible Book Value	609.47	132.9	107.18	-56.98	30.44	44.66
Tangible Book Value Per Share	2.31	0.50	0.41	-0.22	0.12	0.17
Buildings	-	104.46	171.03	177.08	177.08	177.08
Machinery	-	218.88	214.92	223.88	227.45	227.61
Construction In Progress	-	-	10.32	-	-	-

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