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 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	368.44	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	268.74	263.82	254.48	233.67	198.63	-
Cash & Short-Term Investments	637.18	738.74	862.17	678.57	605.52	631.81
Cash Growth	-33.35%	-14.32%	27.06%	12.06%	-4.16%	5.93%
Accounts Receivable	820.26	669.35	495.53	415.93	281.11	199.93
Other Receivables	8.13	3.33	8.18	1.29	1.25	1.83
Receivables	828.39	672.67	503.71	417.22	282.36	201.76
Inventory	386.55	292.28	307.35	204.87	219.42	163.51
Other Current Assets	48.54	3	15.46	11.6	11.18	8.54
Total Current Assets	1,901	1,707	1,689	1,312	1,118	1,006
Property, Plant & Equipment	231.45	233.83	201.59	195.57	221.29	227.59
Long-Term Investments	59.88	62.8	-	102.2	142.24	50
Other Intangible Assets	43.54	50.36	46.7	48.26	50.68	53.18
Long-Term Deferred Tax Assets	28.82	40.31	33.18	15.34	17.51	9.51
Long-Term Deferred Charges	3.24	3.41	0.27	0.13	0.34	0.71
Other Long-Term Assets	9.92	6.14	23.51	3.58	3.54	5.2
Total Assets	2,278	2,104	1,994	1,677	1,554	1,352
Accounts Payable	284.24	174.78	250.61	197.5	136.84	99.02
Accrued Expenses	125.77	134.96	127.89	67.22	64.86	34.3
Current Portion of Leases	2.45	1.79	0.48	0.29	0.55	0.54
Current Income Taxes Payable	18.85	19.23	21.4	5.76	7.84	1.06
Current Unearned Revenue	1.67	0.7	2.54	9.63	1.53	1.05
Other Current Liabilities	18.02	10.29	14.88	7.18	5.05	3.16
Total Current Liabilities	451.01	341.75	417.8	287.59	216.68	139.12
Long-Term Leases	10.53	8.79	1.96	-	0.29	0.89
Long-Term Unearned Revenue	9.62	9.87	13.86	16.73	14.93	13.45
Total Liabilities	471.16	360.41	433.62	304.32	231.9	153.46
Common Stock	227.13	227.13	227.13	230	230	230
Additional Paid-In Capital	536.27	538.55	505.22	509.72	529.58	517.4
Retained Earnings	1,023	957.54	840.28	692.59	650.16	537.06
Treasury Stock	-14.09	-14.09	-29.61	-67.99	-99.87	-99.87
Comprehensive Income & Other	-3.66	-1.66	-0.41	-	-	-
Total Common Equity	1,769	1,707	1,543	1,364	1,310	1,185
Minority Interest	37.38	35.64	17.71	8.71	12.31	13.76
Shareholders' Equity	1,806	1,743	1,560	1,373	1,322	1,198
Total Liabilities & Equity	2,278	2,104	1,994	1,677	1,554	1,352
Total Debt	12.98	10.58	2.44	0.29	0.85	1.44
Net Cash (Debt)	624.19	728.16	859.74	678.28	604.68	630.38
Net Cash Growth	-34.55%	-15.30%	26.75%	12.17%	-4.08%	5.69%
Net Cash Per Share	2.76	3.21	3.78	3.02	2.65	2.81
Filing Date Shares Outstanding	226.82	224.57	229.18	225.33	223.14	223.14
Total Common Shares Outstanding	226.82	224.57	229.18	225.33	223.14	223.14
Working Capital	1,450	1,365	1,271	1,025	901.8	866.5
Book Value Per Share	7.80	7.60	6.73	6.05	5.87	5.31
Tangible Book Value	1,725	1,657	1,496	1,316	1,259	1,131
Tangible Book Value Per Share	7.61	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

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