T&S Communications Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	473.04	473.17	370.32	259.82	543.8
Short-Term Investments	1.88	134.51	74.58	147.08	88.01
Trading Asset Securities	263.82	254.48	233.67	198.63	-
Cash & Short-Term Investments	738.74	862.17	678.57	605.52	631.81
Cash Growth	-14.32%	27.06%	12.06%	-4.16%	5.93%
Accounts Receivable	669.35	495.53	415.93	281.11	199.93
Other Receivables	3.33	8.18	1.29	1.25	1.83
Receivables	672.67	503.71	417.22	282.36	201.76
Inventory	292.28	307.35	204.87	219.42	163.51
Other Current Assets	3	15.46	11.6	11.18	8.54
Total Current Assets	1,707	1,689	1,312	1,118	1,006
Property, Plant & Equipment	233.83	201.59	195.57	221.29	227.59
Long-Term Investments	62.8	-	102.2	142.24	50
Other Intangible Assets	50.36	46.7	48.26	50.68	53.18
Long-Term Deferred Tax Assets	40.31	33.18	15.34	17.51	9.51
Long-Term Deferred Charges	3.41	0.27	0.13	0.34	0.71
Other Long-Term Assets	6.14	23.51	3.58	3.54	5.2
Total Assets	2,104	1,994	1,677	1,554	1,352
Accounts Payable	174.78	250.61	197.5	136.84	99.02
Accrued Expenses	134.96	127.89	67.22	64.86	34.3
Current Portion of Leases	1.79	0.48	0.29	0.55	0.54
Current Income Taxes Payable	19.23	21.4	5.76	7.84	1.06
Current Unearned Revenue	0.7	2.54	9.63	1.53	1.05
Other Current Liabilities	10.29	14.88	7.18	5.05	3.16
Total Current Liabilities	341.75	417.8	287.59	216.68	139.12
Long-Term Leases	8.79	1.96	-	0.29	0.89
Long-Term Unearned Revenue	9.87	13.86	16.73	14.93	13.45
Total Liabilities	360.41	433.62	304.32	231.9	153.46
Common Stock	227.13	227.13	230	230	230
Additional Paid-In Capital	538.55	505.22	509.72	529.58	517.4
Retained Earnings	957.54	840.28	692.59	650.16	537.06
Treasury Stock	-14.09	-29.61	-67.99	-99.87	-99.87
Comprehensive Income & Other	-1.66	-0.41	-	-	-
Total Common Equity	1,707	1,543	1,364	1,310	1,185
Minority Interest	35.64	17.71	8.71	12.31	13.76
Shareholders' Equity	1,743	1,560	1,373	1,322	1,198
Total Liabilities & Equity	2,104	1,994	1,677	1,554	1,352
Total Debt	10.58	2.44	0.29	0.85	1.44
Net Cash (Debt)	728.16	859.74	678.28	604.68	630.38
Net Cash Growth	-15.30%	26.75%	12.17%	-4.08%	5.69%
Net Cash Per Share	3.21	3.78	3.02	2.65	2.81
Filing Date Shares Outstanding	224.57	229.18	225.33	223.14	223.14
Total Common Shares Outstanding	224.57	229.18	225.33	223.14	223.14
Working Capital	1,365	1,271	1,025	901.8	866.5
Book Value Per Share	7.60	6.73	6.05	5.87	5.31
Tangible Book Value	1,657	1,496	1,316	1,259	1,131
Tangible Book Value Per Share	7.38	6.53	5.84	5.64	5.07
Buildings	180.74	153.81	153.81	153.81	153.81
Machinery	297.85	276.99	254.08	244.26	218
Construction In Progress	10.94	12.52	2.66	5.59	9.35

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.