Xi'an Tianhe Defense Technology Co., Ltd. (SHE:300397)

SHE:300397 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	144.8	92.92	318.31	352.42	633.21	120.35
Short-Term Investments	-	-	-	10.17	-	-
Trading Asset Securities	-	-	21.43	193.19	118.62	205.01
Cash & Short-Term Investments	144.8	92.92	339.75	555.78	751.83	325.36
Cash Growth	-11.59%	-72.65%	-38.87%	-26.08%	131.08%	106.95%
Accounts Receivable	187.1	178.74	150.67	192.4	233.76	340.12
Other Receivables	9.81	7.72	9.53	10.82	9.83	22.07
Receivables	196.9	186.46	160.2	203.22	243.59	362.19
Inventory	328.21	303.36	288.56	253.96	257.03	257.49
Other Current Assets	86.63	75.97	76.13	77.15	62.92	26.59
Total Current Assets	756.54	658.71	864.63	1,090	1,315	971.63
Property, Plant & Equipment	1,295	1,271	1,138	915.2	711.99	445.25
Long-Term Investments	79.02	79.79	84.16	84.16	46.06	46.06
Goodwill	69.16	69.16	76.23	76.23	76.23	79
Other Intangible Assets	210.97	208.69	221.94	220.76	211.62	190.2
Long-Term Deferred Tax Assets	69.59	70.51	77.02	94.34	111.69	84.58
Long-Term Deferred Charges	79.8	84.09	65.88	53.65	39.08	49.92
Other Long-Term Assets	13.1	14.82	18.37	24.14	30.37	15.82
Total Assets	2,573	2,456	2,546	2,559	2,542	1,882
Accounts Payable	158.96	163.37	170.39	147.19	169.12	193.59
Accrued Expenses	59.56	67.35	51.74	60.63	41.45	49.76
Short-Term Debt	190.2	142.47	47.06	40.85	50.54	47.39
Current Portion of Long-Term Debt	145.94	221.33	110.25	54.04	52.47	-
Current Portion of Leases	-	6.24	8.77	1.76	10.38	-
Current Income Taxes Payable	4.93	1.38	0.98	0.35	2.26	5.89
Current Unearned Revenue	84.19	80.08	87.19	52.67	42.33	28.34
Other Current Liabilities	131.27	106.03	69.77	52.31	122.11	43.9
Total Current Liabilities	775.05	788.25	546.14	409.79	490.64	368.86
Long-Term Debt	371.05	152.2	339.54	283.43	38.45	-
Long-Term Leases	0.13	0.06	9.82	0.1	1.54	-
Long-Term Unearned Revenue	30.25	31.84	30.99	26.2	21.12	22.51
Long-Term Deferred Tax Liabilities	7.16	7.9	10.75	8.88	7.17	7.46
Total Liabilities	1,184	980.25	937.23	728.4	558.92	398.83
Common Stock	517.64	517.64	517.64	517.64	517.64	432
Additional Paid-In Capital	1,070	1,070	1,082	1,081	1,072	349.25
Retained Earnings	-150.69	-67.79	37.57	233.39	386.01	458.13
Comprehensive Income & Other	2.44	1.46	1.65	1.71	1.97	1.15
Total Common Equity	1,439	1,521	1,639	1,834	1,977	1,241
Minority Interest	-49.9	-45.16	-29.98	-3.67	6.04	243.1
Shareholders' Equity	1,389	1,476	1,609	1,830	1,983	1,484
Total Liabilities & Equity	2,573	2,456	2,546	2,559	2,542	1,882
Total Debt	707.31	522.31	515.43	380.18	153.37	47.39
Net Cash (Debt)	-562.51	-429.39	-175.68	175.6	598.46	277.98
Net Cash Growth	-	-	-	-70.66%	115.29%	141.07%
Net Cash Per Share	-1.09	-0.82	-0.34	0.34	1.24	0.65
Filing Date Shares Outstanding	517.64	517.64	517.64	517.64	517.64	432
Total Common Shares Outstanding	517.64	517.64	517.64	517.64	517.64	432
Working Capital	-18.51	-129.54	318.49	680.33	824.73	602.77
Book Value Per Share	2.78	2.94	3.17	3.54	3.82	2.87
Tangible Book Value	1,159	1,244	1,341	1,537	1,690	971.32
Tangible Book Value Per Share	2.24	2.40	2.59	2.97	3.26	2.25
Buildings	-	294.17	294.17	294.3	294.82	258.93
Machinery	-	330.37	325.42	325.99	298.05	278.36
Construction In Progress	-	933.14	763.16	523.52	297.61	68.67

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