TH International Limited (THCH)

NASDAQ: THCH · Real-Time Price · USD

1.740

-0.060 (-3.33%)

At close: Aug 5, 2026, 4:00 PM EDT

1.510

-0.230 (-13.22%)

After-hours: Aug 5, 2026, 4:00 PM EDT

TH International Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	104.79	121.79	152.37	202.31	239.08	390.84
Short-Term Investments	-	-	-	17.17	372.38	-
Cash & Short-Term Investments	104.79	121.79	152.37	219.48	611.45	390.84
Cash Growth	-43.03%	-20.07%	-30.58%	-64.11%	56.45%	123.50%
Accounts Receivable	15.39	17.69	30.53	27.56	5.62	9.82
Other Receivables	0.2	0.19	5.86	-	-	-
Total Trade Receivables	15.58	17.89	36.38	27.56	5.62	9.82
Inventory	33.27	36.79	37.58	49.87	71.47	42.48
Other Current Assets	131.01	150.15	190.75	161.71	108.27	142.84
Total Current Assets	284.66	326.63	417.08	458.62	796.81	585.97
Net Property, Plant & Equipment	598.29	680.99	995.47	1,451	1,667	554.02
Other Intangible Assets	76.68	81.01	97.02	110.97	96.02	77.59
Other Long-Term Assets	97.76	88.05	53.97	194.42	82.27	67.31
Total Assets	1,057	1,177	1,564	2,215	2,642	1,285

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Accounts Payable	220.87	216.57	271.95	271.78	128.16	75.03
Current Portion of Long-Term Debt	413.26	395.09	854.98	538.23	407.81	192.06
Current Portion of Leases	173.72	180.81	178.12	189.83	180.47	-
Unearned Revenue	33.19	37.2	39.68	40.71	22.12	14.13
Other Current Liabilities	166.21	172.61	191.21	355.27	579.71	286.08
Total Current Liabilities	1,007	1,002	1,536	1,396	1,318	567.29
Long-Term Debt	1,167	1,153	464.85	425.98	362.88	330.37
Long-Term Leases	192.05	240.28	380.08	653.66	820.25	-
Other Long-Term Liabilities	16.62	17.84	15.69	162.4	30.31	48.14
Total Long-Term Liabilities	1,376	1,411	860.62	1,242	1,213	378.51
Total Liabilities	2,383	2,413	2,397	2,638	2,532	945.8

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-in Capital	1,823	1,822	1,818	-	1,472	937.32
Accumulated Other Comprehensive Income	56.46	38.39	9.18	21.49	17	35.74
Retained Earnings	-3,213	-3,103	-2,669	-	-1,380	-637.53
Total Common Shareholders' Equity	-1,333	-1,243	-840.89	21.5	108.85	335.54
Minority Interest	7.17	6.55	7.87	4.78	1.45	3.56
Shareholders' Equity	-1,326	-1,236	-833.02	26.28	110.3	339.1
Total Liabilities & Equity	1,057	1,177	1,564	2,664	2,642	1,285

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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Total Debt	1,946	1,969	1,878	1,808	1,771	522.42
Net Cash (Debt)	-1,842	-1,847	-1,726	-1,588	-1,160	-131.59
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-56.61	-56.80	-53.19	-51.50	-45.28	-5.41
Book Value	-1,333	-1,243	-840.89	21.5	108.85	335.54
Book Value Per Share	-40.98	-38.22	-25.92	0.70	4.25	13.80
Tangible Book Value	-1,410	-1,324	-937.91	-89.46	12.83	257.94
Tangible Book Value Per Share	-43.33	-40.71	-28.91	-2.90	0.50	10.61

SEC Filings: 10-K · 10-Q