Trust Chem 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
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
Cash & Equivalents	425.57	371.99	261.36	216.3	239.74
Trading Asset Securities	-	-	-	6.61	13.6
Cash & Short-Term Investments	425.57	371.99	261.36	222.91	253.34
Cash Growth	62.83%	42.33%	17.25%	-12.01%	-
Accounts Receivable	228.99	224.9	206.49	184.28	223.54
Other Receivables	12.88	14.74	14.34	7.63	14.91
Receivables	241.87	239.64	220.83	191.91	238.45
Inventory	399.9	338.55	218.35	209.51	224.33
Other Current Assets	50.92	47.84	52.75	46.08	35.1
Total Current Assets	1,118	998.02	753.3	670.41	751.22
Property, Plant & Equipment	616.87	563.27	413.53	263.31	158.03
Long-Term Investments	77.15	60.37	42.98	44.83	8.69
Other Intangible Assets	85.29	86.23	88.35	75.79	40.67
Long-Term Deferred Tax Assets	37.98	26.52	16.11	10.27	10.32
Long-Term Deferred Charges	0.24	17.68	6.01	0.11	0.24
Other Long-Term Assets	2.81	2.04	12.07	18.42	14.27
Total Assets	1,939	1,754	1,332	1,083	983.45
Accounts Payable	608.17	553.73	506.56	404.57	447.49
Accrued Expenses	5.59	8.88	6.37	4.35	5.38
Short-Term Debt	99.43	74.1	42.16	77.28	43.29
Current Portion of Long-Term Debt	14.82	27.89	2	-	17.21
Current Income Taxes Payable	22.88	13.61	7.19	9.7	14.25
Current Unearned Revenue	0.67	0.68	0.37	1	2.25
Other Current Liabilities	4.16	156.25	4.64	10.72	17.6
Total Current Liabilities	755.72	835.12	569.29	507.61	547.48
Long-Term Debt	110.42	141.65	100.61	38.94	34.07
Long-Term Leases	6.73	1.23	3.99	2.14	2.9
Long-Term Unearned Revenue	23.51	25.64	27.46	13.45	13.45
Long-Term Deferred Tax Liabilities	18.6	16.46	12.87	10.67	8.6
Total Liabilities	914.97	1,020	714.21	572.81	606.5
Common Stock	93.74	70.3	70.3	70.3	70.3
Additional Paid-In Capital	399.89	177.34	174.4	171.82	167.63
Retained Earnings	462.08	412.3	301.08	213.01	125.36
Comprehensive Income & Other	5.2	5.06	3.81	-0.75	-11.4
Total Common Equity	960.91	665.01	549.59	454.38	351.89
Minority Interest	62.72	69.02	68.54	55.95	25.07
Shareholders' Equity	1,024	734.02	618.13	510.34	376.96
Total Liabilities & Equity	1,939	1,754	1,332	1,083	983.45
Total Debt	231.39	244.87	148.75	118.35	97.47
Net Cash (Debt)	194.18	127.13	112.6	104.56	155.87
Net Cash Growth	72.45%	12.90%	7.70%	-32.92%	-
Net Cash Per Share	2.42	1.81	1.60	1.49	2.59
Filing Date Shares Outstanding	93.74	70.3	70.3	70.12	60.15
Total Common Shares Outstanding	93.74	70.3	70.3	70.12	60.15
Working Capital	362.54	162.9	184.01	162.81	203.75
Book Value Per Share	10.25	9.46	7.82	6.48	5.85
Tangible Book Value	875.62	578.78	461.24	378.6	311.22
Tangible Book Value Per Share	9.34	8.23	6.56	5.40	5.17
Buildings	-	220.65	200.01	48.04	17.34
Machinery	-	155.31	149.11	15.32	13.03
Construction In Progress	-	232.81	83.31	212.7	137.88

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