T&S Communications Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	490.77	473.17	370.32	259.82	543.8	534.81
Short-Term Investments	-	134.51	74.58	147.08	88.01	61.63
Trading Asset Securities	269.32	254.48	233.67	198.63	-	-
Cash & Short-Term Investments	760.09	862.17	678.57	605.52	631.81	596.44
Cash Growth	1.04%	27.06%	12.06%	-4.16%	5.93%	-35.08%
Accounts Receivable	695.54	495.53	415.93	281.11	199.93	159.37
Other Receivables	6.69	8.18	1.29	1.25	1.83	1.79
Receivables	702.23	503.71	417.22	282.36	201.76	161.16
Inventory	328.86	307.35	204.87	219.42	163.51	155.9
Other Current Assets	8.83	15.46	11.6	11.18	8.54	15.78
Total Current Assets	1,800	1,689	1,312	1,118	1,006	929.28
Property, Plant & Equipment	228.04	201.59	195.57	221.29	227.59	226.2
Long-Term Investments	-	-	102.2	142.24	50	205
Other Intangible Assets	44.76	46.7	48.26	50.68	53.18	55.52
Long-Term Deferred Tax Assets	33.21	33.18	15.34	17.51	9.51	8.42
Long-Term Deferred Charges	8.37	0.27	0.13	0.34	0.71	0.26
Other Long-Term Assets	3.52	23.51	3.58	3.54	5.2	7.13
Total Assets	2,118	1,994	1,677	1,554	1,352	1,432
Accounts Payable	246.79	250.61	197.5	136.84	99.02	89.01
Accrued Expenses	111.63	127.89	67.22	64.86	34.3	34.5
Current Portion of Leases	0.5	0.48	0.29	0.55	0.54	-
Current Income Taxes Payable	16.15	21.4	5.76	7.84	1.06	4.16
Current Unearned Revenue	1.42	2.54	9.63	1.53	1.05	1.08
Other Current Liabilities	27.95	14.88	7.18	5.05	3.16	3.39
Total Current Liabilities	404.43	417.8	287.59	216.68	139.12	132.14
Long-Term Leases	8.46	1.96	-	0.29	0.89	-
Long-Term Unearned Revenue	13.83	13.86	16.73	14.93	13.45	11.96
Total Liabilities	426.72	433.62	304.32	231.9	153.46	144.1
Common Stock	227.13	227.13	230	230	230	230
Additional Paid-In Capital	530.41	505.22	509.72	529.58	517.4	512.41
Retained Earnings	918.91	840.28	692.59	650.16	537.06	532.24
Treasury Stock	-14.09	-29.61	-67.99	-99.87	-99.87	-
Comprehensive Income & Other	-2.02	-0.41	-	-	-	-
Total Common Equity	1,660	1,543	1,364	1,310	1,185	1,275
Minority Interest	30.85	17.71	8.71	12.31	13.76	13.08
Shareholders' Equity	1,691	1,560	1,373	1,322	1,198	1,288
Total Liabilities & Equity	2,118	1,994	1,677	1,554	1,352	1,432
Total Debt	8.96	2.44	0.29	0.85	1.44	-
Net Cash (Debt)	751.13	859.74	678.28	604.68	630.38	596.44
Net Cash Growth	0.19%	26.75%	12.17%	-4.08%	5.69%	-35.08%
Net Cash Per Share	3.30	3.78	3.02	2.65	2.81	2.60
Filing Date Shares Outstanding	227.15	229.18	225.33	223.14	223.14	230
Total Common Shares Outstanding	227.15	229.18	225.33	223.14	223.14	230
Working Capital	1,396	1,271	1,025	901.8	866.5	797.15
Book Value Per Share	7.31	6.73	6.05	5.87	5.31	5.54
Tangible Book Value	1,616	1,496	1,316	1,259	1,131	1,219
Tangible Book Value Per Share	7.11	6.53	5.84	5.64	5.07	5.30
Buildings	-	153.81	153.81	153.81	153.81	154.79
Machinery	-	276.99	254.08	244.26	218	200.32
Construction In Progress	-	12.52	2.66	5.59	9.35	9.28

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.