Rare Earth Magnesium Technology Group Holdings Limited (HKG:0601)

HKG:0601 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	9.92	24.72	39.95	28.6	25.08	36.1
Short-Term Investments	-	0.01	0.19	0.25	0.4	0.21
Cash & Short-Term Investments	9.92	24.73	40.14	28.85	25.48	36.31
Cash Growth	-75.91%	-38.40%	39.14%	13.26%	-29.84%	-85.77%
Accounts Receivable	0.32	0.28	3.21	1.5	149.5	172.29
Other Receivables	-	3.61	11.86	8.65	7.09	19
Receivables	0.32	3.88	15.07	10.15	156.59	191.29
Inventory	83.64	233.02	284.13	375.06	406.66	528.4
Prepaid Expenses	175.93	22	1.89	3.94	10.94	6.73
Restricted Cash	-	-	-	9.7	10.49	10.19
Total Current Assets	269.81	283.64	341.23	427.7	610.15	772.91
Property, Plant & Equipment	730.37	709.62	1,052	1,378	1,675	1,703
Other Intangible Assets	31.94	31.92	49.07	67.48	75.63	80.9
Total Assets	1,032	1,025	1,443	1,873	2,361	2,557
Accounts Payable	18.14	19.42	15.47	17.45	13.36	36.22
Accrued Expenses	-	12.79	7.01	13.34	88.51	42.44
Short-Term Debt	116.86	117.51	117.05	117.46	916	830.9
Current Income Taxes Payable	-	0.06	-	-	3.63	-
Current Unearned Revenue	26.71	23.17	26.48	14.6	26.32	13.99
Other Current Liabilities	30.26	19.12	18.74	9.9	45.84	30.16
Total Current Liabilities	191.97	192.07	184.75	172.75	1,094	953.71
Long-Term Debt	632.28	606.91	570.79	525.56	-	75.38
Long-Term Unearned Revenue	66.53	64.62	66.88	69.35	75.02	72.83
Long-Term Deferred Tax Liabilities	4.84	6.08	7.15	9.55	3	2.99
Total Liabilities	895.62	869.68	829.57	777.22	1,172	1,105
Common Stock	5.93	5.93	5.93	3.95	658.44	658.44
Additional Paid-In Capital	2,281	-	2,281	2,269	1,585	1,563
Retained Earnings	-382.53	-	89.93	482.88	480.88	812.14
Comprehensive Income & Other	-1,768	149.56	-1,764	-1,660	-1,535	-1,581
Total Common Equity	136.5	155.49	612.96	1,096	1,189	1,452
Shareholders' Equity	136.5	155.49	612.96	1,096	1,189	1,452
Total Liabilities & Equity	1,032	1,025	1,443	1,873	2,361	2,557
Total Debt	749.14	724.42	687.84	643.02	916	906.28
Net Cash (Debt)	-739.22	-699.69	-647.7	-614.17	-890.53	-869.97
Net Cash Per Share	-1.25	-1.18	-1.21	-1.72	-2.70	-2.64
Filing Date Shares Outstanding	592.6	592.6	592.6	395.06	329.22	329.22
Total Common Shares Outstanding	592.6	592.6	592.6	395.06	329.22	329.22
Working Capital	77.84	91.56	156.48	254.95	-483.52	-180.8
Book Value Per Share	0.23	0.26	1.03	2.77	3.61	4.41
Tangible Book Value	104.56	123.57	563.89	1,028	1,113	1,371
Tangible Book Value Per Share	0.18	0.21	0.95	2.60	3.38	4.16
Land	-	952.97	986.15	1,023	1,107	506.4
Machinery	-	983.42	1,020	1,061	1,150	1,062
Construction In Progress	-	62.67	46.31	27.26	17.67	443.54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.