Tangel Culture Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	340.95	350.41	316.41	597.35	475.57	455.27
Short-Term Investments	-	-	-	150.88	113.45	78
Trading Asset Securities	437.19	456.44	372.99	-	143.1	80.3
Cash & Short-Term Investments	778.14	806.86	689.4	748.22	732.13	613.57
Cash Growth	7.37%	17.04%	-7.86%	2.20%	19.32%	2.94%
Accounts Receivable	120.48	134.61	43.43	24.29	55.42	88.29
Other Receivables	3.49	2.82	3.58	55.99	94.9	164.11
Receivables	123.98	137.44	47	80.28	150.32	252.39
Inventory	32.92	28.91	26.63	10.8	10.76	9.33
Other Current Assets	28.23	15.77	21.91	18.2	42.63	74.08
Total Current Assets	963.26	988.97	784.93	857.5	935.84	949.37
Property, Plant & Equipment	250.33	243.88	256.04	257.96	257.18	251.4
Long-Term Investments	248.07	240.39	258.8	232.3	267.16	424.16
Goodwill	-	-	-	-	-	214.77
Other Intangible Assets	88.13	92.24	103.54	114.85	126.24	137.67
Long-Term Deferred Tax Assets	3.88	3.7	5.18	3.31	3.2	4.54
Long-Term Deferred Charges	0.01	0.01	0.17	0.3	0.83	1.7
Other Long-Term Assets	6.07	17.68	18.16	7.8	6.9	8.53
Total Assets	1,560	1,587	1,427	1,474	1,597	1,992

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	176.99	222.32	139.39	190.27	199.94	151.42
Accrued Expenses	2.33	12.1	12.38	19.67	18.44	21.55
Current Portion of Long-Term Debt	27.04	11.93	11.05	5	9.5	1.9
Current Portion of Leases	-	3.39	3.7	4.4	5.33	4.72
Current Income Taxes Payable	8.36	4.08	2.28	0.23	1.06	1.26
Current Unearned Revenue	7.42	9.75	12.88	6.87	41.11	73.72
Other Current Liabilities	10.01	9.37	11.2	7.94	7.04	13.03
Total Current Liabilities	232.14	272.93	192.88	234.38	282.43	267.61
Long-Term Debt	70.34	90.15	94.53	73.85	78.85	91.2
Long-Term Leases	4.14	2.76	5.5	8.23	3.72	3.73
Long-Term Unearned Revenue	12.38	28.24	37.99	44.67	12.74	16.38
Long-Term Deferred Tax Liabilities	2.75	2.78	6.88	6.28	5.89	12.7
Other Long-Term Liabilities	40.48	22.76	19.51	1	0.88	2.29
Total Liabilities	362.23	419.61	357.29	368.41	384.52	393.91

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	843.16	842.78	835.34	835.34	835.34	844.34
Additional Paid-In Capital	473.19	2,787	2,770	2,767	2,800	2,807
Retained Earnings	68.79	-2,275	-2,339	-2,312	-2,224	-1,912
Treasury Stock	-22.55	-22.55	-44.57	-	-	-
Comprehensive Income & Other	-311.89	-311.53	-285.58	-316.49	-327.13	-244.64
Total Common Equity	1,051	1,020	936.64	973.67	1,085	1,495
Minority Interest	146.82	146.79	132.89	131.94	128.27	103.5
Shareholders' Equity	1,198	1,167	1,070	1,106	1,213	1,598
Total Liabilities & Equity	1,560	1,587	1,427	1,474	1,597	1,992

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	101.52	108.22	114.78	91.48	97.4	101.56
Net Cash (Debt)	676.62	698.63	574.62	656.75	634.72	512.01
Net Cash Growth	11.20%	21.58%	-12.50%	3.47%	23.97%	-12.23%
Net Cash Per Share	0.78	0.83	0.70	0.77	0.75	0.61
Filing Date Shares Outstanding	786.07	834.36	818.7	835.34	835.34	835.34
Total Common Shares Outstanding	786.07	834.36	818.7	835.34	835.34	844.34
Working Capital	731.12	716.04	592.05	623.12	653.41	681.77
Book Value Per Share	1.34	1.22	1.14	1.17	1.30	1.77
Tangible Book Value	962.57	928.24	833.1	858.82	958.33	1,142
Tangible Book Value Per Share	1.22	1.11	1.02	1.03	1.15	1.35
Buildings	-	278.64	280.72	277.45	266.45	237.91
Machinery	-	31.63	31.69	36.69	44.36	43.85
Construction In Progress	-	-	-	-	-	13.63