Tongyu Heavy Industry 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	930.04	899.98	1,285	1,454	1,778	1,018
Short-Term Investments	-	-	165.38	-	-	-
Trading Asset Securities	0.65	0.65	0.65	49	221.93	-
Cash & Short-Term Investments	930.69	900.63	1,451	1,503	2,000	1,018
Cash Growth	-24.88%	-37.95%	-3.45%	-24.83%	96.56%	-17.14%
Accounts Receivable	2,704	2,889	2,969	3,025	3,459	3,216
Other Receivables	25.25	48.5	18.59	14.9	49.09	26.57
Receivables	2,729	2,937	2,987	3,040	3,508	3,243
Inventory	3,549	3,452	3,088	3,191	3,133	2,428
Prepaid Expenses	-	-	5.49	3.39	-	9.68
Other Current Assets	521.18	446.4	393.83	320.73	492.7	409.69
Total Current Assets	7,730	7,737	7,926	8,059	9,134	7,107
Property, Plant & Equipment	6,540	6,612	6,726	6,604	5,746	5,340
Long-Term Investments	26.24	26.68	40.88	207.85	200.37	51.86
Goodwill	-	-	-	22.3	42.51	45.77
Other Intangible Assets	405.58	409.37	418.12	430.19	443.94	454.28
Long-Term Accounts Receivable	-	-	253.26	264.91	111.51	311.81
Long-Term Deferred Tax Assets	63.76	55.69	47.17	37.01	78.32	74.19
Long-Term Deferred Charges	4.18	4.53	8.01	1.86	8.39	18.31
Other Long-Term Assets	287.5	316.98	99.98	8.01	9.89	67.77
Total Assets	15,058	15,162	15,520	15,634	15,774	13,471
Accounts Payable	1,428	2,143	1,517	1,689	1,249	1,048
Accrued Expenses	238	242	244.82	218.88	218.01	208.77
Short-Term Debt	1,719	1,694	3,521	3,775	4,308	3,433
Current Portion of Long-Term Debt	575.12	614.41	419.02	209.4	243.75	52.25
Current Portion of Leases	-	-	0.27	33.75	164.51	327.55
Current Income Taxes Payable	55.5	67.57	14.95	21.11	19.54	10.53
Current Unearned Revenue	434.19	298.43	145.77	165.12	167.1	157.38
Other Current Liabilities	436.54	405.63	447.22	493.17	787.77	1,037
Total Current Liabilities	4,887	5,465	6,309	6,605	7,158	6,274
Long-Term Debt	2,747	2,683	2,217	2,066	1,516	325.12
Long-Term Leases	28.69	30.07	0.28	0.55	32.07	195.61
Long-Term Unearned Revenue	45.49	42.17	41.24	47.15	31.17	37.08
Long-Term Deferred Tax Liabilities	30.72	31.73	33.99	32.83	93.42	83.55
Other Long-Term Liabilities	4.74	2.94	1.46	2.6	-	-
Total Liabilities	7,743	8,255	8,603	8,754	8,830	6,916
Common Stock	4,036	3,897	3,897	3,897	3,897	3,897
Additional Paid-In Capital	1,812	1,526	1,457	1,370	1,370	1,370
Retained Earnings	1,315	1,273	1,250	1,306	1,374	1,245
Treasury Stock	-109.89	-109.89	-	-	-	-
Comprehensive Income & Other	206.53	266.59	261.1	256.03	255.6	0.45
Total Common Equity	7,259	6,853	6,865	6,829	6,896	6,512
Minority Interest	55.16	54.27	51.42	50.78	47.44	43.48
Shareholders' Equity	7,314	6,907	6,917	6,880	6,944	6,556
Total Liabilities & Equity	15,058	15,162	15,520	15,634	15,774	13,471
Total Debt	5,070	5,021	6,157	6,085	6,265	4,333
Net Cash (Debt)	-4,139	-4,121	-4,705	-4,581	-4,265	-3,316
Net Cash Per Share	-1.27	-1.26	-1.14	-1.12	-1.04	-0.93
Filing Date Shares Outstanding	3,788	1,509	3,877	3,897	3,897	3,897
Total Common Shares Outstanding	3,788	1,509	3,897	3,897	3,897	3,897
Working Capital	2,843	2,271	1,617	1,454	1,976	833.09
Book Value Per Share	1.92	4.54	1.76	1.75	1.77	1.67
Tangible Book Value	6,854	6,444	6,447	6,377	6,410	6,012
Tangible Book Value Per Share	1.81	4.27	1.65	1.64	1.64	1.54
Buildings	-	-	3,147	3,009	2,617	2,396
Machinery	-	-	5,781	5,069	4,835	4,662
Construction In Progress	-	-	887.45	1,267	707.7	420.82

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