Transfar Zhilian Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,676	6,529	5,093	6,188	5,785
Short-Term Investments	20	10	-	-	-
Trading Asset Securities	-	14.37	1.04	-	-
Cash & Short-Term Investments	3,696	6,554	5,094	6,188	5,785
Cash Growth	-43.60%	28.66%	-17.68%	6.95%	10.66%
Accounts Receivable	3,921	3,904	3,320	3,682	4,022
Other Receivables	1,315	1,792	2,917	2,912	3,345
Receivables	5,236	5,696	6,236	6,594	7,367
Inventory	1,365	1,758	2,119	2,240	2,664
Prepaid Expenses	21.25	27.89	8.66	1.26	6.11
Other Current Assets	1,070	960.73	566.05	871.09	839.04
Total Current Assets	11,388	14,997	14,024	15,894	16,662
Property, Plant & Equipment	2,901	2,750	3,154	2,918	2,748
Long-Term Investments	3,397	3,116	3,476	2,114	2,340
Goodwill	313.03	307.31	325.66	313.08	330.09
Other Intangible Assets	1,435	1,513	1,126	1,045	1,125
Long-Term Accounts Receivable	-	32.78	524.15	169.71	246.98
Long-Term Deferred Tax Assets	361.01	310.89	397.72	350.59	374.31
Long-Term Deferred Charges	70.94	93.16	129.03	153.31	163.54
Other Long-Term Assets	18,542	18,709	18,760	18,277	16,901
Total Assets	38,408	41,829	41,917	41,235	40,890
Accounts Payable	1,997	2,169	1,990	2,066	2,349
Accrued Expenses	686.26	729.14	745.6	934.52	1,146
Short-Term Debt	2,987	5,397	5,121	5,492	6,246
Current Portion of Long-Term Debt	2,505	3,909	3,072	2,430	2,472
Current Portion of Leases	38.52	82.79	27.33	107.86	39.98
Current Income Taxes Payable	115.22	95.37	128.5	90.89	445.92
Current Unearned Revenue	628.28	676.1	877.23	965.76	1,160
Other Current Liabilities	741.11	1,421	775.47	1,078	1,165
Total Current Liabilities	9,699	14,480	12,737	13,165	15,024
Long-Term Debt	7,390	6,403	7,261	7,636	5,886
Long-Term Leases	237.67	235.96	271.56	130.41	137.69
Long-Term Unearned Revenue	1,034	854.67	852.21	896.13	897.77
Long-Term Deferred Tax Liabilities	595.08	510.05	694.53	574.2	472.97
Other Long-Term Liabilities	394.29	461.23	1,128	371.9	507.45
Total Liabilities	19,349	22,945	22,944	22,774	22,926
Common Stock	2,764	2,788	2,788	2,803	3,071
Additional Paid-In Capital	6,727	6,518	6,514	6,900	6,477
Retained Earnings	8,337	8,162	7,998	7,684	7,218
Treasury Stock	-	-200.04	-200.04	-230.72	-261.09
Comprehensive Income & Other	87.28	31.89	445.72	237.9	377.53
Total Common Equity	17,915	17,300	17,545	17,394	16,883
Minority Interest	1,143	1,583	1,428	1,067	1,081
Shareholders' Equity	19,059	18,884	18,973	18,461	17,964
Total Liabilities & Equity	38,408	41,829	41,917	41,235	40,890
Total Debt	13,158	16,028	15,753	15,796	14,782
Net Cash (Debt)	-9,462	-9,474	-10,659	-9,608	-8,997
Net Cash Per Share	-3.42	-3.43	-3.79	-3.35	-2.84
Filing Date Shares Outstanding	2,764	2,300	2,300	2,300	3,048
Total Common Shares Outstanding	2,764	2,300	2,300	2,300	3,048
Working Capital	1,689	516.74	1,287	2,729	1,638
Book Value Per Share	6.48	7.52	7.63	7.56	5.54
Tangible Book Value	16,167	15,480	16,093	16,036	15,429
Tangible Book Value Per Share	5.85	6.73	7.00	6.97	5.06
Buildings	1,750	1,699	1,802	1,355	1,154
Machinery	1,993	1,930	1,784	248.87	1,417
Construction In Progress	603	348.14	656.35	961.27	1,089

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