Tongfu Microelectronics Co., Ltd. (TFME) balance sheet

SHZ · Technology · Semiconductors · 25,446 employees · CEO Shi Lei

Price: CN¥41.12 +0.98%
Market cap: CN¥62.4B
Enterprise value: CN¥66.5B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-03-31 EPS est. CN¥0.32

At the end of Q3 '26 Tongfu Microelectronics Co., Ltd. (TFME) held CN¥12.1B in cash and short-term investments against CN¥14.2B of debt incl. leases. Total assets CN¥61.4B, total liabilities CN¥37.5B, shareholders' equity CN¥22.3B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥4.47B	CN¥4.48B	CN¥4.47B	CN¥5.18B	CN¥4.23B	CN¥4.22B	CN¥4.51B	CN¥5.64B	CN¥5.41B	CN¥4.83B	CN¥4.82B	CN¥10.1B
Short-term investments	CN¥3.61M	CN¥3.26M	CN¥3.3M	CN¥3.82M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥92.6M	CN¥773M	CN¥1.95B
Receivables	CN¥4.11B	CN¥4.47B	CN¥4.86B	CN¥5.05B	CN¥5.98B	CN¥5.12B	CN¥6.07B	CN¥4.62B	CN¥5.77B	CN¥5.63B	CN¥6.07B	CN¥5.17B
Inventory	CN¥3.14B	CN¥3.2B	CN¥3.23B	CN¥3.65B	CN¥3.35B	CN¥3.26B	CN¥3.39B	CN¥4.17B	CN¥4.22B	CN¥4.81B	CN¥5.01B	CN¥5.91B
Other current assets	CN¥419M	CN¥243M	CN¥290M	CN¥345M	CN¥382M	CN¥414M	CN¥408M	CN¥499M	CN¥96.3M	CN¥458M	CN¥3.92K	CN¥350M
Current assets	CN¥12.2B	CN¥12.4B	CN¥12.9B	CN¥14.3B	CN¥14B	CN¥13.1B	CN¥14.5B	CN¥15.1B	CN¥15.6B	CN¥15.9B	CN¥16.8B	CN¥23.6B
Property, plant & equipment (net)	CN¥19.5B	CN¥19.4B	CN¥19.9B	CN¥20.5B	CN¥21.7B	CN¥22B	CN¥22.5B	CN¥25.6B	CN¥26.5B	CN¥27.8B	CN¥29.2B	CN¥31.6B
Long-term investments	CN¥522M	CN¥514M	CN¥510M	CN¥545M	CN¥1.05B	CN¥2.45B	CN¥2.45B	CN¥2.07B	CN¥2.45B	CN¥2.69B	CN¥3.08B	CN¥3.26B
Goodwill	CN¥1.12B	CN¥1.12B	CN¥1.13B	CN¥1.11B	CN¥1.15B	CN¥1.15B	CN¥1.13B	CN¥1.18B	CN¥1.16B	CN¥1.13B	CN¥1.1B	CN¥1.09B
Intangible assets	CN¥327M	CN¥317M	CN¥342M	CN¥354M	CN¥345M	CN¥345M	CN¥333M	CN¥550M	CN¥543M	CN¥523M	CN¥507M	CN¥496M
Deferred tax assets	CN¥433M	CN¥400M	CN¥357M	CN¥370M	CN¥333M	CN¥333M	CN¥313M	CN¥301M	CN¥323M	CN¥318M	CN¥332M	CN¥335M
Other non-current assets	CN¥818M	CN¥872M	CN¥967M	CN¥933M	CN¥731M	CN¥758M	CN¥693M	CN¥652M	CN¥727M	CN¥829M	CN¥464M	CN¥1.07B
Non-current assets	CN¥22.7B	CN¥22.6B	CN¥23.2B	CN¥23.8B	CN¥25.3B	CN¥27.1B	CN¥27.4B	CN¥30.4B	CN¥31.7B	CN¥33.3B	CN¥34.7B	CN¥37.8B
Total assets	CN¥34.9B	CN¥35B	CN¥36.1B	CN¥38.1B	CN¥39.3B	CN¥40.1B	CN¥41.8B	CN¥45.5B	CN¥47.3B	CN¥49.2B	CN¥51.5B	CN¥61.4B
Liabilities
Accounts payable	CN¥3.82B	CN¥3.74B	CN¥4.33B	CN¥5.09B	CN¥5.7B	CN¥5.2B	CN¥5.41B	CN¥6.35B	CN¥7.12B	CN¥7.71B	CN¥7.34B	CN¥9.85B
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥231M	CN¥0	CN¥0	CN¥263M	CN¥0
Short-term debt	CN¥3.86B	CN¥3.39B	CN¥3.82B	CN¥2.79B	CN¥2.77B	CN¥2.51B	CN¥3.1B	CN¥7.82B	CN¥3.49B	CN¥3.93B	CN¥11.7B	CN¥2.38B
Taxes payable	CN¥24.1M	CN¥13.5M	CN¥17.7M	CN¥22.2M	CN¥38.1M	CN¥66.7M	CN¥68.9M	CN¥0	CN¥113M	CN¥131M	CN¥0	CN¥150M
Deferred revenue	CN¥276M	CN¥215M	CN¥142M	CN¥126M	CN¥103M	CN¥71.3M	CN¥86.5M	CN¥67.2M	CN¥0	CN¥0	CN¥517M	CN¥0
Other current liabilities	CN¥4.41B	CN¥4.33B	CN¥5.18B	CN¥5.42B	CN¥6.11B	CN¥6.56B	CN¥6.19B	CN¥1.97B	CN¥7.61B	CN¥9.34B	CN¥2.21B	CN¥11B
Current liabilities	CN¥13B	CN¥12.2B	CN¥14B	CN¥13.9B	CN¥15.3B	CN¥14.8B	CN¥15.3B	CN¥16.5B	CN¥18.9B	CN¥21.6B	CN¥22.2B	CN¥23.8B
Long-term debt	CN¥6B	CN¥6.89B	CN¥5.85B	CN¥7.42B	CN¥7.37B	CN¥8.55B	CN¥9.66B	CN¥11B	CN¥9.73B	CN¥8.84B	CN¥9.28B	CN¥11.8B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥4.23M	CN¥4.26M
Deferred revenue (non-current)	CN¥566M	CN¥602M	CN¥627M	CN¥670M	CN¥590M	CN¥558M	CN¥530M	CN¥518M	CN¥781M	CN¥745M	CN¥717M	CN¥721M
Deferred tax liabilities	CN¥197M	CN¥174M	CN¥168M	CN¥249M	CN¥344M	CN¥383M	CN¥394M	CN¥488M	CN¥628M	CN¥700M	CN¥896M	CN¥1.06B
Other non-current liabilities	CN¥432M	CN¥383M	CN¥384M	CN¥381M	CN¥0	CN¥0	CN¥100M	CN¥100M	CN¥100M	CN¥100M	CN¥1.26M	CN¥1.27M
Non-current liabilities	CN¥7.2B	CN¥8.05B	CN¥7.03B	CN¥8.72B	CN¥8.3B	CN¥9.49B	CN¥10.7B	CN¥12.1B	CN¥11.2B	CN¥10.4B	CN¥10.9B	CN¥13.6B
Total liabilities	CN¥20.2B	CN¥20.2B	CN¥21B	CN¥22.6B	CN¥23.6B	CN¥24.3B	CN¥25.9B	CN¥28.7B	CN¥30.1B	CN¥32B	CN¥33B	CN¥37.5B
Equity
Common stock & paid-in capital	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.52B	CN¥1.59B
Retained earnings	CN¥2.68B	CN¥2.78B	CN¥2.98B	CN¥3.21B	CN¥3.33B	CN¥3.43B	CN¥3.43B	CN¥3.88B	CN¥4.19B	CN¥4.52B	CN¥5.79B	CN¥7.13B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥9.79B	CN¥0	CN¥9.62B	CN¥207M	CN¥0
Shareholders' equity	CN¥13.9B	CN¥14B	CN¥14.3B	CN¥14.5B	CN¥14.7B	CN¥14.8B	CN¥14.8B	CN¥15.2B	CN¥15.5B	CN¥15.7B	CN¥16.8B	CN¥22.3B
Debt
Total debt (incl. leases)	CN¥9.86B	CN¥10.3B	CN¥9.67B	CN¥10.2B	CN¥10.1B	CN¥11.1B	CN¥12.8B	CN¥18.8B	CN¥13.2B	CN¥12.8B	CN¥21B	CN¥14.2B
Net debt (debt - cash)	CN¥5.39B	CN¥5.81B	CN¥5.19B	CN¥5.03B	CN¥5.91B	CN¥6.84B	CN¥8.25B	CN¥13.2B	CN¥7.8B	CN¥7.94B	CN¥16.2B	CN¥4.11B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥1.6B	CN¥1.7B	CN¥1.37B	CN¥2.22B	CN¥4.12B	CN¥4.18B	CN¥4.24B	CN¥4.47B	CN¥4.23B	CN¥5.41B
Short-term investments	CN¥48.8M	CN¥0	CN¥0	CN¥0	CN¥1.13B	CN¥0	CN¥137M	CN¥3.61M	CN¥0	CN¥0
Receivables	CN¥1.29B	CN¥1.63B	CN¥1.76B	CN¥2.3B	CN¥85.6M	CN¥2.4B	CN¥4.83B	CN¥4.11B	CN¥5.98B	CN¥5.77B
Inventory	CN¥782M	CN¥975M	CN¥1.33B	CN¥1.32B	CN¥1.45B	CN¥2.11B	CN¥3.48B	CN¥3.14B	CN¥3.35B	CN¥4.22B
Other current assets	CN¥196M	CN¥120M	CN¥315M	CN¥168M	CN¥1.97B	CN¥291M	CN¥215M	CN¥419M	CN¥382M	CN¥0
Current assets	CN¥3.94B	CN¥4.44B	CN¥4.8B	CN¥6.08B	CN¥8.87B	CN¥9.15B	CN¥13.1B	CN¥12.2B	CN¥14B	CN¥15.6B
Property, plant & equipment (net)	CN¥5.68B	CN¥6.18B	CN¥7.42B	CN¥8.13B	CN¥10.3B	CN¥15.6B	CN¥19.5B	CN¥19.5B	CN¥21.7B	CN¥26.7B
Long-term investments	CN¥52.8M	CN¥84M	CN¥138M	CN¥180M	-CN¥951M	CN¥239M	CN¥346M	CN¥522M	CN¥1.05B	CN¥2.45B
Goodwill	CN¥1.1B	CN¥996M	CN¥1.07B	CN¥1.1B	CN¥1.01B	CN¥964M	CN¥1.1B	CN¥1.12B	CN¥1.15B	CN¥1.16B
Intangible assets	CN¥285M	CN¥267M	CN¥266M	CN¥289M	CN¥352M	CN¥318M	CN¥359M	CN¥327M	CN¥345M	CN¥543M
Deferred tax assets	CN¥99M	CN¥142M	CN¥164M	CN¥216M	CN¥270M	CN¥367M	CN¥522M	CN¥433M	CN¥333M	CN¥323M
Other non-current assets	CN¥47.5M	CN¥37.7M	CN¥117M	CN¥180M	CN¥1.38B	CN¥421M	CN¥645M	CN¥818M	CN¥731M	CN¥511M
Non-current assets	CN¥7.26B	CN¥7.71B	CN¥9.17B	CN¥10.1B	CN¥12.4B	CN¥18B	CN¥22.5B	CN¥22.7B	CN¥25.3B	CN¥31.7B
Total assets	CN¥11.2B	CN¥12.1B	CN¥14B	CN¥16.2B	CN¥21.2B	CN¥27.1B	CN¥35.6B	CN¥34.9B	CN¥39.3B	CN¥47.3B
Liabilities
Accounts payable	CN¥1.65B	CN¥1.63B	CN¥1.77B	CN¥2.01B	CN¥2.56B	CN¥4.07B	CN¥6.03B	CN¥3.82B	CN¥5.7B	CN¥7.12B
Short-term debt	CN¥1.04B	CN¥1.7B	CN¥2.39B	CN¥4.3B	CN¥3.56B	CN¥3.64B	CN¥4.25B	CN¥3.86B	CN¥2.77B	CN¥3.49B
Taxes payable	CN¥31.2M	CN¥30.1M	CN¥10.4M	CN¥12.1M	CN¥13.3M	CN¥19.9M	CN¥26.4M	CN¥24.1M	CN¥38.1M	CN¥0
Deferred revenue	CN¥25.3M	CN¥8.1M	CN¥20.6M	CN¥27.2M	CN¥47.1M	CN¥412M	CN¥568M	CN¥276M	CN¥103M	CN¥0
Other current liabilities	CN¥462M	CN¥274M	CN¥741M	CN¥836M	CN¥942M	CN¥1.82B	CN¥2.31B	CN¥4.41B	CN¥6.11B	CN¥7.61B
Current liabilities	CN¥3.32B	CN¥3.73B	CN¥5.06B	CN¥7.25B	CN¥7.22B	CN¥10.3B	CN¥13.7B	CN¥13B	CN¥15.3B	CN¥18.9B
Long-term debt	CN¥301M	CN¥772M	CN¥361M	CN¥758M	CN¥2.45B	CN¥4.21B	CN¥6.03B	CN¥6B	CN¥7.37B	CN¥9.73B
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥24.7M	CN¥0	CN¥0	CN¥0	CN¥0
Deferred revenue (non-current)	CN¥175M	CN¥180M	CN¥262M	CN¥254M	CN¥291M	CN¥388M	CN¥401M	CN¥566M	CN¥590M	CN¥781M
Deferred tax liabilities	CN¥73.7M	CN¥62.5M	CN¥52.8M	CN¥55.3M	CN¥87.2M	CN¥167M	CN¥263M	CN¥197M	CN¥344M	CN¥628M
Other non-current liabilities	CN¥1.2B	CN¥1.14B	CN¥1.73B	CN¥1.34B	CN¥1.17B	CN¥1.03B	CN¥638M	CN¥432M	CN¥0	CN¥100M
Non-current liabilities	CN¥1.75B	CN¥2.16B	CN¥2.4B	CN¥2.4B	CN¥3.99B	CN¥5.82B	CN¥7.33B	CN¥7.2B	CN¥8.3B	CN¥11.2B
Total liabilities	CN¥5.06B	CN¥5.89B	CN¥7.47B	CN¥9.65B	CN¥11.2B	CN¥16.1B	CN¥21.1B	CN¥20.2B	CN¥23.6B	CN¥30.1B
Equity
Common stock & paid-in capital	CN¥973M	CN¥1.15B	CN¥1.15B	CN¥1.15B	CN¥1.33B	CN¥1.33B	CN¥1.51B	CN¥1.52B	CN¥1.52B	CN¥1.52B
Retained earnings	CN¥781M	CN¥882M	CN¥1B	CN¥986M	CN¥1.31B	CN¥2.18B	CN¥2.66B	CN¥2.68B	CN¥3.33B	CN¥4.19B
Shareholders' equity	CN¥3.92B	CN¥5.92B	CN¥6.14B	CN¥6.13B	CN¥9.58B	CN¥10.4B	CN¥13.8B	CN¥13.9B	CN¥14.7B	CN¥15.5B
Debt
Total debt (incl. leases)	CN¥1.34B	CN¥2.47B	CN¥2.75B	CN¥5.06B	CN¥6.01B	CN¥7.87B	CN¥10.3B	CN¥9.86B	CN¥10.1B	CN¥13.2B
Net debt (debt - cash)	-CN¥262M	CN¥768M	CN¥1.38B	CN¥2.83B	CN¥1.89B	CN¥3.69B	CN¥6.03B	CN¥5.39B	CN¥5.91B	CN¥7.8B

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02