Xingfa Aluminium Holdings Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,648	2,726	2,840	1,850	1,643
Short-Term Investments	561.36	-	-	-	-
Cash & Short-Term Investments	2,209	2,726	2,840	1,850	1,643
Cash Growth	-18.96%	-4.03%	53.55%	12.58%	222.41%
Accounts Receivable	4,806	4,939	3,996	4,592	4,526
Other Receivables	310.45	342.51	195.48	159.45	141.41
Receivables	5,117	5,282	4,191	4,751	4,668
Inventory	2,093	1,810	1,469	1,626	1,681
Other Current Assets	356.25	196.06	126.29	228.14	224.21
Total Current Assets	9,776	10,014	8,627	8,455	8,216
Property, Plant & Equipment	4,207	4,009	3,769	3,248	2,856
Long-Term Investments	558.95	23.46	36.51	36.81	20.16
Other Intangible Assets	1.27	3.82	2.59	3	3.41
Long-Term Deferred Tax Assets	214.03	214.1	201.92	145.62	68.43
Other Long-Term Assets	236.7	277.58	229.33	207.61	178.15
Total Assets	14,994	14,542	12,866	12,096	11,342
Accounts Payable	4,041	4,462	3,007	3,624	3,993
Accrued Expenses	227.85	274.63	253.67	258.41	268.58
Current Portion of Long-Term Debt	479.32	627.02	499.59	550.45	492.62
Current Portion of Leases	4.41	2	2.52	2.43	2.01
Current Income Taxes Payable	32.76	37.72	88.2	70.89	89.06
Current Unearned Revenue	508.35	354.18	394.72	390.53	244.83
Other Current Liabilities	728.94	488.92	549.49	526.68	453.24
Total Current Liabilities	6,023	6,246	4,795	5,423	5,543
Long-Term Debt	2,486	2,250	2,648	1,949	1,259
Long-Term Leases	46.6	0.33	3.54	5.62	5.45
Long-Term Unearned Revenue	131.16	117.57	66.12	41.58	25.57
Long-Term Deferred Tax Liabilities	12.83	20.68	27.9	21.7	29.95
Other Long-Term Liabilities	7.21	-	-	-	-
Total Liabilities	8,707	8,635	7,540	7,441	6,863
Common Stock	3.75	3.75	3.75	3.75	3.74
Additional Paid-In Capital	148.24	148.24	148.24	148.24	188.05
Retained Earnings	5,910	5,523	4,942	4,279	4,060
Comprehensive Income & Other	222.78	223.01	223.85	220.53	227.57
Total Common Equity	6,284	5,898	5,318	4,652	4,479
Minority Interest	2.82	9.59	7.52	3.59	0.06
Shareholders' Equity	6,287	5,907	5,326	4,655	4,479
Total Liabilities & Equity	14,994	14,542	12,866	12,096	11,342
Total Debt	3,016	2,880	3,154	2,507	1,759
Net Cash (Debt)	-806.97	-153.62	-313.13	-657.28	-115.68
Net Cash Per Share	-1.92	-0.37	-0.74	-1.56	-0.28
Filing Date Shares Outstanding	420.65	420.65	420.65	420.65	419.82
Total Common Shares Outstanding	420.65	420.65	420.65	420.65	419.5
Working Capital	3,752	3,768	3,832	3,032	2,673
Book Value Per Share	14.94	14.02	12.64	11.06	10.68
Tangible Book Value	6,283	5,894	5,316	4,649	4,476
Tangible Book Value Per Share	14.94	14.01	12.64	11.05	10.67
Buildings	1,960	1,864	1,606	1,437	1,390
Machinery	6,223	5,368	4,636	4,181	3,475
Construction In Progress	87.25	281.74	465.13	235.51	224.13