Transfar Zhilian 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,561	6,529	5,093	6,188	5,785	5,228
Short-Term Investments	-	10	-	-	-	-
Trading Asset Securities	-	14.37	1.04	-	-	-
Cash & Short-Term Investments	3,561	6,554	5,094	6,188	5,785	5,228
Cash Growth	-24.84%	28.66%	-17.68%	6.95%	10.66%	59.59%
Accounts Receivable	3,977	3,904	3,320	3,682	4,022	3,212
Other Receivables	2,075	2,360	2,917	2,912	3,345	2,398
Receivables	6,052	6,265	6,236	6,594	7,367	5,610
Inventory	1,327	1,758	2,119	2,240	2,664	1,485
Prepaid Expenses	-	27.89	8.66	1.26	6.11	-
Other Current Assets	948.99	392.36	566.05	871.09	839.04	1,158
Total Current Assets	11,889	14,997	14,024	15,894	16,662	13,481
Property, Plant & Equipment	2,673	2,750	3,154	2,918	2,748	3,422
Long-Term Investments	2,860	3,149	3,476	2,114	2,340	2,286
Goodwill	329.48	307.31	325.66	313.08	330.09	361.68
Other Intangible Assets	1,434	1,513	1,126	1,045	1,125	1,282
Long-Term Accounts Receivable	8	32.78	524.15	169.71	246.98	242.38
Long-Term Deferred Tax Assets	269.3	279.79	397.72	350.59	374.31	376.83
Long-Term Deferred Charges	74.46	93.16	129.03	153.31	163.54	199.49
Other Long-Term Assets	19,104	18,709	18,760	18,277	16,901	13,010
Total Assets	38,642	41,830	41,917	41,235	40,890	34,662
Accounts Payable	1,963	2,169	1,990	2,066	2,349	1,506
Accrued Expenses	364.54	729.14	745.6	934.52	1,146	918.18
Short-Term Debt	2,774	5,397	5,121	5,492	6,246	4,413
Current Portion of Long-Term Debt	3,378	3,909	3,072	2,430	2,472	1,080
Current Portion of Leases	-	82.79	27.33	107.86	39.98	-
Current Income Taxes Payable	332.51	95.37	128.5	90.89	445.92	134.67
Current Unearned Revenue	600.83	676.1	877.23	965.76	1,160	1,033
Other Current Liabilities	669.13	1,421	775.47	1,078	1,165	923.58
Total Current Liabilities	10,083	14,480	12,737	13,165	15,024	10,008
Long-Term Debt	7,164	6,403	7,261	7,636	5,886	6,668
Long-Term Leases	206.68	235.96	271.56	130.41	137.69	-
Long-Term Unearned Revenue	884.75	854.67	852.21	896.13	897.77	832.5
Long-Term Deferred Tax Liabilities	597.23	559.63	694.53	574.2	472.97	423.36
Other Long-Term Liabilities	479.25	461.23	1,128	371.9	507.45	583.53
Total Liabilities	19,415	22,995	22,944	22,774	22,926	18,516
Common Stock	2,788	2,788	2,788	2,803	3,071	3,307
Additional Paid-In Capital	6,901	6,518	6,514	6,900	6,477	6,025
Retained Earnings	8,254	7,892	7,998	7,684	7,218	5,300
Treasury Stock	-200.04	-200.04	-200.04	-230.72	-261.09	-102.98
Comprehensive Income & Other	343.95	254.33	445.72	237.9	377.53	490.29
Total Common Equity	18,086	17,253	17,545	17,394	16,883	15,019
Minority Interest	1,141	1,583	1,428	1,067	1,081	1,126
Shareholders' Equity	19,227	18,836	18,973	18,461	17,964	16,146
Total Liabilities & Equity	38,642	41,830	41,917	41,235	40,890	34,662
Total Debt	13,523	16,028	15,753	15,796	14,782	12,161
Net Cash (Debt)	-9,962	-9,474	-10,659	-9,608	-8,997	-6,934
Net Cash Per Share	-3.60	-3.43	-3.79	-3.35	-2.84	-2.14
Filing Date Shares Outstanding	2,300	2,300	2,300	2,300	3,048	3,307
Total Common Shares Outstanding	2,300	2,300	2,300	2,300	3,048	3,307
Working Capital	1,806	516.74	1,287	2,729	1,638	3,473
Book Value Per Share	7.87	7.50	7.63	7.56	5.54	4.54
Tangible Book Value	16,323	15,432	16,093	16,036	15,429	13,375
Tangible Book Value Per Share	7.10	6.71	7.00	6.97	5.06	4.04
Buildings	-	1,699	1,802	1,355	1,154	1,170
Machinery	-	1,930	1,784	248.87	1,417	1,444
Construction In Progress	-	348.14	656.35	961.27	1,089	1,783

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