# TH International Limited (THCH)

> Consumer Cyclical · CN · Reports in CNY

Fundamental indicators from Sponda, adjusted for inflation.

[HTML version](https://sponda.capital/en/THCH/fundamentals)

## Annual figures

| Year | Revenue (M) | Net Inc. (M) | FCF (M) | Debt (M) | Equity (M) |
| --- | --- | --- | --- | --- | --- |
| 2026 | ¥ 527.79M | ¥ -206.43M | ¥ -23.54M | ¥ 1.98B | ¥ -1.41B |
| 2025 | ¥ 1.31B | ¥ -431.34M | ¥ -9.17M | ¥ 1.97B | ¥ -1.24B |
| 2024 | ¥ 1.40B | ¥ -414.08M | ¥ -39.86M | ¥ 1.88B | ¥ -840.89M |
| 2023 | ¥ 1.58B | ¥ -881.36M | ¥ -559.20M | ¥ 1.86B | ¥ -427.21M |
| 2022 | ¥ 1.01B | ¥ -744.80M | ¥ -804.54M | ¥ 1.77B | ¥ 108.85M |
| 2021 | ¥ 674.23M | ¥ -400.66M | ¥ -716.09M | ¥ 522.42M | ¥ 335.54M |
| 2020 | ¥ 219.60M | ¥ -147.03M | ¥ -300.81M | ¥ 0 | ¥ 428.29M |
| 2019 | ¥ 59.45M | ¥ -91.00M | ¥ -138.31M | N/A | N/A |

Columns not available in this view: annualPriceMultiples, dividends. They require live market data and are shown on the HTML page instead.

## Leverage and liquidity

| Indicator | Value |
| --- | --- |
| Gross Debt / Eq | -1.40 |
| Liabilities / Eq | -1.72 |
| Current Ratio | 0.28 |

## Other views

- [Metrics](https://sponda.capital/en/THCH.md)
- [Charts](https://sponda.capital/en/THCH/charts.md)
- [Compare](https://sponda.capital/en/THCH/compare.md)
- [Indicator definitions](https://sponda.capital/en/screener.md)

Data as of 2026-08-30.