BEIJING TONG REN TANG CO

BEIJING TONG REN TANG CO — Financial Statements

Annual Quarterly

5 10 All

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020
+Revenue	18.6B	17.9B	15.4B	14.6B	12.8B
Revenue Growth %	4.1%	16.2%	5.3%	13.9%	--
Total Revenue	18.6B	17.9B	15.4B	14.6B	12.8B
Cost Of Revenue	10.4B	9.4B	7.9B	7.6B	6.8B
+Gross Profit	8.2B	8.4B	7.5B	7.0B	6.0B
Gross Margin %	44.0%	47.3%	48.8%	47.6%	47.0%
Total Operating Cost	16.0B	14.8B	12.7B	12.3B	10.9B
Selling Expenses	3.6B	3.4B	3.1B	2.7B	2.5B
Admin Expenses	1.5B	1.5B	1.3B	1.3B	1.2B
Rd Expenses	269.0M	280.0M	217.0M	176.0M	138.0M
Finance Expenses	6.1M	-110.0M	-4.6M	29.9M	-35.9M
+Operating Income	2.8B	3.1B	2.7B	2.3B	2.0B
Operating Margin %	15.1%	17.3%	17.7%	15.9%	15.6%
Non Operating Income	15.8M	8.9M	4.6M	4.4M	3.4M
Non Operating Expenses	9.0M	12.4M	9.1M	5.6M	25.0M
Investment Income	81.1M	-973,500	3.1M	9.3M	599,400
Fair Value Change Income	76,500	-54,200	-114,700	--	--
Asset Disposal Income	7.0M	-2.5M	130,500	427,300	12.6M
Asset Impairment Loss	62.8M	108.0M	87.3M	222.0M	113.0M
Other Income	106.0M	56.9M	91.5M	42.0M	56.4M
Income Before Tax	2.8B	3.1B	2.7B	2.3B	2.0B
Income Tax	525.0M	497.0M	513.0M	437.0M	367.0M
+Net Income	2.3B	2.6B	2.2B	1.9B	1.6B
Net Margin %	12.3%	14.5%	14.3%	12.9%	12.6%
Net Income Attributable	1.5B	1.7B	1.4B	1.2B	1.0B
Minority Interest	754.0M	914.0M	777.0M	663.0M	585.0M
Eps Basic	1.11	1.22	1.04	0.90	0.75
Eps Diluted	--	--	--	--	--

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020
Cash And Equivalents	10.8B	12.1B	11.6B	9.9B	8.3B
Trading Financial Assets	443,800	370,400	428,600	--	1.5M
Accounts Receivable	1.3B	1.1B	1.3B	1.0B	1.1B
Notes Receivable	252.0M	239.0M	464.0M	493.0M	249.0M
Notes And Accounts Receivable	1.6B	1.3B	1.8B	1.5B	1.4B
Prepayments	227.0M	139.0M	161.0M	185.0M	265.0M
Inventory	10.7B	9.3B	6.7B	6.2B	6.1B
Total Current Assets	23.7B	23.4B	20.6B	18.2B	16.5B
Long Term Equity Investment	87.2M	18.2M	19.4M	14.1M	15.0M
Fixed Assets	--	3.8B	3.8B	3.9B	4.1B
Fixed Assets Total	3.8B	3.8B	3.8B	3.9B	4.1B
Construction In Progress	--	129.0M	136.0M	84.2M	128.0M
Construction In Progress Total	305.0M	129.0M	136.0M	84.2M	128.0M
Intangible Assets	783.0M	755.0M	746.0M	736.0M	643.0M
Long Term Deferred Expenses	181.0M	118.0M	109.0M	145.0M	183.0M
Total Non Current Assets	7.5B	6.7B	6.5B	6.9B	5.3B
Total Assets	31.2B	30.1B	27.1B	25.1B	21.8B
Short Term Borrowings	188.0M	93.0M	310.0M	831.0M	424.0M
Accounts Payable	3.8B	4.3B	3.4B	3.2B	2.8B
Advance Receipts	--	6.5M	--	--	--
Contract Liabilities	314.0M	669.0M	625.0M	559.0M	351.0M
Total Current Liabilities	7.6B	7.2B	6.3B	6.3B	5.6B
Long Term Borrowings	1.2B	1.4B	1.2B	745.0M	483.0M
Total Non Current Liabilities	2.7B	2.7B	2.3B	2.1B	693.0M
Total Liabilities	10.3B	9.8B	8.6B	8.4B	6.3B
Paid In Capital	1.4B	1.4B	1.4B	1.4B	1.4B
Capital Reserve	1.9B	2.0B	2.0B	2.0B	2.0B
Surplus Reserve	1.3B	1.2B	1.1B	970.0M	884.0M
Retained Earnings	8.4B	8.4B	7.3B	6.3B	5.6B
Minority Equity	7.7B	7.2B	6.7B	6.0B	5.7B
Equity Attributable	13.2B	13.1B	11.8B	10.6B	9.8B
Total Equity	20.9B	20.3B	18.5B	16.7B	15.5B

Line Item	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021	FY 2020Dec 31, 2020
Cash From Sales	20.0B	20.9B	17.2B	16.2B	14.4B
Tax Refunds Received	12.6M	10.0M	79.6M	16.2M	5.8M
Total Operating Cash Inflow	20.4B	21.1B	17.4B	16.5B	14.7B
Cash Paid For Goods	12.2B	11.5B	7.9B	7.0B	6.5B
Cash Paid To Employees	3.5B	3.5B	3.1B	2.9B	2.5B
Taxes Paid	1.5B	1.9B	1.4B	1.4B	1.3B
Total Operating Cash Outflow	19.7B	19.2B	14.3B	13.1B	12.5B
Operating Cash Flow	761.0M	1.9B	3.1B	3.4B	2.2B
Total Investing Cash Inflow	124.0M	253.0M	121.0M	179.0M	285.0M
Total Investing Cash Outflow	786.0M	329.0M	332.0M	521.0M	1.2B
Investing Cash Flow	-662.0M	-76.2M	-211.0M	-342.0M	-961.0M
Cash From Borrowings	1.4B	369.0M	1.7B	1.5B	507.0M
Dividends And Interest Paid	1.9B	874.0M	796.0M	731.0M	695.0M
Debt Repayments	486.0M	325.0M	1.8B	1.6B	305.0M
Total Financing Cash Inflow	1.4B	455.0M	1.8B	1.5B	562.0M
Total Financing Cash Outflow	3.1B	1.9B	3.1B	2.9B	1.0B
Financing Cash Flow	-1.6B	-1.4B	-1.3B	-1.4B	-439.0M
Net Change In Cash	-1.5B	395.0M	1.7B	1.6B	679.0M
Ending Cash Balance	10.5B	12.0B	11.6B	9.9B	8.2B
Capex	520.0M	325.0M	330.0M	471.0M	1.2B