Below are the financial statements of Tianshan Material, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CNY | 2024 | 2023 |
|---|---|---|
| Taxes and surcharges | -2,247.52a | -2,444.92a |
| Selling expenses | -1,319.31a | -1,229.84a |
| Administrative expenses | -7,086.01a | -6,909.27a |
| R&D expenses | -1,901.48a | -2,383.77a |
| Finance costs | -3,390.14a | -3,781.24a |
| Of which: interest expense | -3,490.86a | -3,960.41a |
| Interest income | 171.92a | 242.54a |
| Add: other income | 1,088.82a | 1,038.45a |
| Investment income (loss shown as '-') | 15.92a | 175.1a |
| Of which: share of profit of associates and joint ventures | -32.8a | 214.36a |
| Gain on derecognition of financial assets measured at amortized cost | -26.62a | -113.05a |
| Gain from fair value changes (loss shown as '-') | 98.94a | 92.46a |
| Credit impairment loss (loss shown as '-') | -372.72a | -98.06a |
| Asset impairment loss (loss shown as '-') | -49.13a | -5.68a |
| Gain on disposal of assets (loss shown as '-') | 635.65a | 540.45a |
| Operating profit (loss shown as '-') | 21.8a | 2,576.11a |
| Add: non-operating income | 304.87a | 720.24a |
| Less: non-operating expenses | -225.38a | -208.38a |
| Total profit (total loss shown as '-') | 101.29a | 3,087.98a |
| Less: income tax expense | -751.87a | -1,077.83a |
| Net profit (net loss shown as '-') | -650.58a | 2,010.14a |
| By continuity of operations | — | — |
| Continuing operations net profit (net loss shown as '-') | -650.58a | 2,010.14a |
| By ownership attribution | — | — |
| Net profit attributable to owners of the parent | -598.4a | 1,965.14a |
| Non-controlling interests | -52.18a | 45a |
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