Trust Chem 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	356.04	309.22	371.99	261.36	216.3	239.74
Trading Asset Securities	1.19	80	-	-	6.61	13.6
Cash & Short-Term Investments	357.23	389.22	371.99	261.36	222.91	253.34
Cash Growth	3.19%	4.63%	42.33%	17.25%	-12.01%	-
Accounts Receivable	278.05	216.19	224.9	206.49	184.28	223.54
Other Receivables	16.04	10.86	14.74	14.34	7.63	14.91
Receivables	294.09	227.04	239.64	220.83	191.91	238.45
Inventory	371.29	379.9	338.55	218.35	209.51	224.33
Other Current Assets	56.59	60.47	47.84	52.75	46.08	35.1
Total Current Assets	1,079	1,057	998.02	753.3	670.41	751.22
Property, Plant & Equipment	614.25	620.59	563.27	413.53	263.31	158.03
Long-Term Investments	86.29	82.09	60.37	42.98	44.83	8.69
Other Intangible Assets	84.27	84.43	86.23	88.35	75.79	40.67
Long-Term Deferred Tax Assets	52.05	48.57	26.52	16.11	10.27	10.32
Long-Term Deferred Charges	0.28	0.31	17.68	6.01	0.11	0.24
Other Long-Term Assets	2.25	1.27	2.04	12.07	18.42	14.27
Total Assets	1,919	1,894	1,754	1,332	1,083	983.45
Accounts Payable	527.04	559.71	553.73	506.56	404.57	447.49
Accrued Expenses	5.17	8.37	8.88	6.37	4.35	5.38
Short-Term Debt	108.39	106.74	74.1	42.16	77.28	43.29
Current Portion of Long-Term Debt	23.54	16.53	27.89	2	-	17.21
Current Income Taxes Payable	16.2	15.19	13.61	7.19	9.7	14.25
Current Unearned Revenue	4.66	2.49	0.68	0.37	1	2.25
Other Current Liabilities	1.79	2.31	156.25	4.64	10.72	17.6
Total Current Liabilities	686.8	711.34	835.12	569.29	507.61	547.48
Long-Term Debt	142.18	108.67	141.65	100.61	38.94	34.07
Long-Term Leases	2.9	3.57	1.23	3.99	2.14	2.9
Long-Term Unearned Revenue	22.05	22.78	25.64	27.46	13.45	13.45
Long-Term Deferred Tax Liabilities	15.88	16.21	16.46	12.87	10.67	8.6
Total Liabilities	869.81	862.56	1,020	714.21	572.81	606.5
Common Stock	93.74	93.74	70.3	70.3	70.3	70.3
Additional Paid-In Capital	402	400.95	177.34	174.4	171.82	167.63
Retained Earnings	500.01	475.81	412.3	301.08	213.01	125.36
Comprehensive Income & Other	-3.86	1.81	5.06	3.81	-0.75	-11.4
Total Common Equity	991.9	972.3	665.01	549.59	454.38	351.89
Minority Interest	56.86	59.04	69.02	68.54	55.95	25.07
Shareholders' Equity	1,049	1,031	734.02	618.13	510.34	376.96
Total Liabilities & Equity	1,919	1,894	1,754	1,332	1,083	983.45
Total Debt	277.02	235.51	244.87	148.75	118.35	97.47
Net Cash (Debt)	80.22	153.71	127.13	112.6	104.56	155.87
Net Cash Growth	66.06%	20.91%	12.90%	7.70%	-32.92%	-
Net Cash Per Share	0.88	1.80	1.81	1.60	1.49	2.59
Filing Date Shares Outstanding	93.11	92.35	70.3	70.3	70.12	60.15
Total Common Shares Outstanding	93.11	92.35	70.3	70.3	70.12	60.15
Working Capital	392.4	345.3	162.9	184.01	162.81	203.75
Book Value Per Share	10.65	10.53	9.46	7.82	6.48	5.85
Tangible Book Value	907.63	887.88	578.78	461.24	378.6	311.22
Tangible Book Value Per Share	9.75	9.61	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.