Tangel Culture 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	Dec '21 Dec 31, 2021
Cash & Equivalents	398.33	350.41	316.41	597.35	475.57	455.27
Short-Term Investments	-	-	-	150.88	113.45	78
Trading Asset Securities	376.01	456.44	372.99	-	143.1	80.3
Cash & Short-Term Investments	774.34	806.86	689.4	748.22	732.13	613.57
Cash Growth	13.47%	17.04%	-7.86%	2.20%	19.32%	2.94%
Accounts Receivable	51.88	134.61	43.43	24.29	55.42	88.29
Other Receivables	4.03	2.82	3.58	55.99	94.9	164.11
Receivables	55.91	137.44	47	80.28	150.32	252.39
Inventory	46.27	28.91	26.63	10.8	10.76	9.33
Other Current Assets	23.69	15.77	21.91	18.2	42.63	74.08
Total Current Assets	900.21	988.97	784.93	857.5	935.84	949.37
Property, Plant & Equipment	253.6	243.88	256.04	257.96	257.18	251.4
Long-Term Investments	243.91	240.39	258.8	232.3	267.16	424.16
Goodwill	-	-	-	-	-	214.77
Other Intangible Assets	89.41	92.24	103.54	114.85	126.24	137.67
Long-Term Deferred Tax Assets	3.39	3.7	5.18	3.31	3.2	4.54
Long-Term Deferred Charges	0.02	0.01	0.17	0.3	0.83	1.7
Other Long-Term Assets	6.19	17.68	18.16	7.8	6.9	8.53
Total Assets	1,497	1,587	1,427	1,474	1,597	1,992
Accounts Payable	127.9	222.32	139.39	190.27	199.94	151.42
Accrued Expenses	3.3	11.59	12.38	19.67	18.44	21.55
Current Portion of Long-Term Debt	9.95	15.32	11.05	5	9.5	1.9
Current Portion of Leases	-	-	3.7	4.4	5.33	4.72
Current Income Taxes Payable	7.9	7.92	2.28	0.23	1.06	1.26
Current Unearned Revenue	12.81	9.75	12.88	6.87	41.11	73.72
Other Current Liabilities	6.67	6.03	11.2	7.94	7.04	13.03
Total Current Liabilities	168.53	272.93	192.88	234.38	282.43	267.61
Long-Term Debt	90.15	90.15	94.53	73.85	78.85	91.2
Long-Term Leases	4.21	2.76	5.5	8.23	3.72	3.73
Long-Term Unearned Revenue	12.38	12.38	37.99	44.67	12.74	16.38
Long-Term Deferred Tax Liabilities	2.59	2.78	6.88	6.28	5.89	12.7
Other Long-Term Liabilities	39.61	38.62	19.51	1	0.88	2.29
Total Liabilities	317.46	419.61	357.29	368.41	384.52	393.91
Common Stock	842.96	842.78	835.34	835.34	835.34	844.34
Additional Paid-In Capital	471.52	2,787	2,770	2,767	2,800	2,807
Retained Earnings	51.96	-2,275	-2,339	-2,312	-2,224	-1,912
Treasury Stock	-22.55	-22.55	-44.57	-	-	-
Comprehensive Income & Other	-311.74	-311.53	-285.58	-316.49	-327.13	-244.64
Total Common Equity	1,032	1,020	936.64	973.67	1,085	1,495
Minority Interest	147.13	146.79	132.89	131.94	128.27	103.5
Shareholders' Equity	1,179	1,167	1,070	1,106	1,213	1,598
Total Liabilities & Equity	1,497	1,587	1,427	1,474	1,597	1,992
Total Debt	104.31	108.22	114.78	91.48	97.4	101.56
Net Cash (Debt)	670.03	698.63	574.62	656.75	634.72	512.01
Net Cash Growth	18.84%	21.58%	-12.50%	3.47%	23.97%	-12.23%
Net Cash Per Share	0.75	0.83	0.70	0.77	0.75	0.61
Filing Date Shares Outstanding	1,007	987.53	818.7	835.34	835.34	835.34
Total Common Shares Outstanding	1,007	987.53	818.7	835.34	835.34	844.34
Working Capital	731.68	716.04	592.05	623.12	653.41	681.77
Book Value Per Share	1.03	1.03	1.14	1.17	1.30	1.77
Tangible Book Value	942.73	928.24	833.1	858.82	958.33	1,142
Tangible Book Value Per Share	0.94	0.94	1.02	1.03	1.15	1.35
Buildings	-	-	280.72	277.45	266.45	237.91
Machinery	-	-	31.69	36.69	44.36	43.85
Construction In Progress	-	-	-	-	-	13.63

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