Tangrenshen Group 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	2,627	1,947	2,305	2,091	1,876	1,368
Short-Term Investments	-	-	-	10	-	-
Trading Asset Securities	13.52	3.36	16.82	13.24	0.06	29.03
Cash & Short-Term Investments	2,640	1,950	2,321	2,114	1,876	1,397
Cash Growth	10.20%	-15.99%	9.81%	12.67%	34.27%	27.18%
Accounts Receivable	489.79	315.73	286.91	315.27	335.92	279.51
Other Receivables	247.16	223.84	230.19	212.87	296.52	401.99
Receivables	736.95	539.57	517.1	528.14	635.49	697.2
Inventory	2,542	3,068	3,666	2,547	3,332	2,123
Prepaid Expenses	-	2.19	2.39	3.66	18.06	5.18
Other Current Assets	708.16	604.48	499.79	497.76	1,040	643.27
Total Current Assets	6,627	6,164	7,006	5,691	6,901	4,866
Property, Plant & Equipment	9,186	9,354	9,928	10,260	10,364	8,507
Long-Term Investments	123.11	156.02	157.04	161.77	175.04	179.49
Goodwill	196.72	196.72	230.41	260.24	317	317
Other Intangible Assets	520.69	517.86	518.28	530.46	552.1	557.21
Long-Term Deferred Tax Assets	36.52	34.72	73.06	63.63	69.57	58.21
Long-Term Deferred Charges	26.19	24.82	19.73	18.08	21.72	26.02
Other Long-Term Assets	63	44.5	53.94	24.46	38.65	33.97
Total Assets	16,779	16,493	17,987	17,009	18,439	14,545
Accounts Payable	3,171	2,923	2,096	1,325	1,942	1,107
Accrued Expenses	183	700.3	673.17	470.89	430.21	297.91
Short-Term Debt	1,107	996.75	834.6	1,114	1,116	522.35
Current Portion of Long-Term Debt	-	1,411	1,272	1,248	1,658	724.85
Current Portion of Leases	-	146.14	170.88	52.68	63.24	51.56
Current Income Taxes Payable	-	23.21	32.51	39.29	56.29	43.78
Current Unearned Revenue	327.45	260.79	273.12	244.54	279.56	277.17
Other Current Liabilities	2,881	834.93	905.63	921.11	852	685.72
Total Current Liabilities	7,670	7,297	6,257	5,415	6,397	3,710
Long-Term Debt	3,403	3,017	4,137	4,721	3,281	3,392
Long-Term Leases	278.72	409.52	771.74	379.49	395.96	428.13
Long-Term Unearned Revenue	82.61	84.49	92.72	86.03	79.46	68.13
Long-Term Deferred Tax Liabilities	26.36	24.8	24.4	20.81	24.59	17.01
Other Long-Term Liabilities	225.52	123.75	112.29	405.74	830.71	801.99
Total Liabilities	11,686	10,956	11,395	11,029	11,009	8,418
Common Stock	1,433	1,433	1,433	1,433	1,381	1,206
Additional Paid-In Capital	5,062	5,007	4,945	4,976	4,769	3,790
Retained Earnings	-2,306	-1,681	-493.65	-849.07	727.75	592.9
Treasury Stock	-54.77	-54.77	-18.67	-80.01	-100.96	-92.95
Comprehensive Income & Other	21.55	28.22	21.53	15.6	20.34	15.91
Total Common Equity	4,156	4,733	5,887	5,495	6,798	5,512
Minority Interest	937.94	803.97	704.54	485.61	632.85	614.84
Shareholders' Equity	5,094	5,537	6,592	5,981	7,431	6,127
Total Liabilities & Equity	16,779	16,493	17,987	17,009	18,439	14,545
Total Debt	4,788	5,981	7,185	7,515	6,514	5,119
Net Cash (Debt)	-2,148	-4,030	-4,864	-5,401	-4,638	-3,722
Net Cash Per Share	-1.51	-2.82	-3.39	-3.86	-3.89	-3.25
Filing Date Shares Outstanding	1,423	1,422	1,452	1,421	1,376	1,196
Total Common Shares Outstanding	1,423	1,422	1,452	1,421	1,369	1,196
Working Capital	-1,043	-1,132	748.83	275.71	504.55	1,156
Book Value Per Share	2.92	3.33	4.06	3.87	4.96	4.61
Tangible Book Value	3,439	4,019	5,139	4,704	5,929	4,638
Tangible Book Value Per Share	2.42	2.83	3.54	3.31	4.33	3.88
Buildings	-	8,350	8,066	7,641	7,382	4,725
Machinery	-	4,182	4,030	3,828	3,667	2,791
Construction In Progress	-	160.31	582.46	807.54	532.07	1,921

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