TH International Limited (THCH)

TH International Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	196.73	203.59	239.08	390.84	174.87	260.44
Short-Term Investments	7.01	23.41	375.84	4.16	5.48	2.68
Cash & Short-Term Investments	203.74	227	614.92	395	180.35	263.12
Cash Growth	-55.88%	-63.08%	55.68%	119.01%	-31.46%	-
Accounts Receivable	41.32	27.56	5.62	9.82	7.98	3.17
Other Receivables	-	132.32	79.88	67.91	31.69	14.16
Receivables	41.32	159.88	85.5	77.73	39.67	17.34
Inventory	35	50.72	71.47	42.48	11.3	5.73
Prepaid Expenses	161.83	5.98	11.58	29.94	15.26	1.15
Other Current Assets	-	15.05	13.34	40.82	4.3	1.74
Total Current Assets	441.89	458.62	796.81	585.97	250.89	289.08
Property, Plant & Equipment	1,072	1,541	1,667	554.02	235.75	79.44
Other Intangible Assets	101.79	147.45	96.02	77.59	61.9	65.77
Other Long-Term Assets	60.07	68.42	82.27	67.31	31.81	9.7
Total Assets	1,676	2,215	2,642	1,285	580.36	444
Accounts Payable	203.59	228.88	115.36	68.16	19.45	8.86
Accrued Expenses	-	143.6	150.84	94.98	31.02	18.69
Short-Term Debt	834.73	527.37	386.82	188.96	-	-
Current Portion of Long-Term Debt	-	10.86	20.99	3.1	-	-
Current Portion of Leases	179.35	200.88	180.47	-	-	-
Current Income Taxes Payable	-	11.2	6.71	2.33	1.29	0.64
Current Unearned Revenue	43.35	40.71	22.12	14.13	2.86	4.05
Other Current Liabilities	217.1	232.32	434.95	195.63	73.62	33.28
Total Current Liabilities	1,478	1,396	1,318	567.29	128.24	65.52
Long-Term Debt	445.64	425.98	362.88	330.37	-	-
Long-Term Leases	421.15	707.69	820.25	-	-	-
Long-Term Unearned Revenue	6.29	5.27	3.31	0.97	0.53	-
Other Long-Term Liabilities	7.63	103.1	27	47.17	18.53	5.88
Total Liabilities	2,359	2,638	2,532	945.8	147.31	71.4
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	1,819	1,808	1,472	937.32	644.91	636.54
Retained Earnings	-2,537	-2,256	-1,380	-637.53	-255.81	-113.81
Comprehensive Income & Other	27.04	21.49	17	35.74	39.18	-155.97
Total Common Equity	-691.35	-427.21	108.85	335.54	428.29	366.77
Minority Interest	8.7	4.78	1.45	3.56	4.76	5.83
Shareholders' Equity	-682.65	-422.43	110.3	339.1	433.05	372.59
Total Liabilities & Equity	1,676	2,215	2,642	1,285	580.36	444
Total Debt	1,881	1,873	1,771	522.42	-	-
Net Cash (Debt)	-1,677	-1,646	-1,156	-127.43	180.35	263.12
Net Cash Growth	-	-	-	-	-31.46%	-
Net Cash Per Share	-9.00	-10.67	-9.03	-1.05	1.69	2631.20
Filing Date Shares Outstanding	161.55	158.25	140.94	0.12	0.1	0.1
Total Common Shares Outstanding	161.55	158.25	140.94	0.12	0.1	0.1
Working Capital	-1,036	-937.21	-521.45	18.68	122.65	223.55
Book Value Per Share	-4.28	-2.70	0.77	2875.44	4219.58	3667.66
Tangible Book Value	-793.14	-574.66	12.83	257.94	366.38	300.99
Tangible Book Value Per Share	-4.91	-3.63	0.09	2210.49	3609.70	3009.94
Machinery	-	323.77	257.23	196.04	79.84	28.65
Construction In Progress	-	6	22.97	15.75	4.74	2.59
Leasehold Improvements	-	676.59	602.79	408.35	163.62	45.49

Source: S&P Capital IQ. Standard template. Financial Sources.