China Qinfa Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	618.8	1,026	302.73	856	1,030	154.9
Trading Asset Securities	-	-	-	-	20.11	-
Cash & Short-Term Investments	618.8	1,026	302.73	856	1,051	154.9
Cash Growth	101.42%	238.76%	-64.63%	-18.52%	578.20%	-3.00%
Accounts Receivable	101.65	74.2	65.74	178.87	182.42	430.14
Other Receivables	173.36	275.28	260.24	270.02	191.71	64.63
Receivables	275.01	349.47	325.98	448.89	374.13	494.77
Inventory	561.52	435.42	201.05	453.53	322.49	159.75
Prepaid Expenses	-	-	-	12.66	30.81	31.42
Other Current Assets	4,334	265.15	1,017	234.03	93.87	99.11
Total Current Assets	5,789	2,076	1,846	2,005	1,872	939.96
Property, Plant & Equipment	2,565	4,444	4,119	3,450	3,009	2,381
Long-Term Investments	9.81	9.81	-	-	-	-
Other Intangible Assets	1,003	1,427	1,864	2,367	2,990	1,943
Other Long-Term Assets	133.59	673.05	28.33	27.86	25.5	34.26
Total Assets	9,501	8,629	7,858	7,851	7,897	5,298
Accounts Payable	71.41	325.43	420.6	479.82	460.41	846.71
Accrued Expenses	87.24	300.91	461.48	491.07	463.28	510.71
Short-Term Debt	49	469.5	531	590.99	638	910.64
Current Portion of Long-Term Debt	549.58	268.49	1,345	2,856	837.85	1,060
Current Portion of Leases	13.19	6.59	3.49	8.79	8.83	2.81
Current Income Taxes Payable	14.93	232.8	289.66	350.1	469.92	204.93
Current Unearned Revenue	24.95	146	17.94	22.87	42.25	94.75
Other Current Liabilities	4,159	2,421	2,102	1,361	1,660	1,514
Total Current Liabilities	4,969	4,171	5,171	6,161	4,581	5,145
Long-Term Debt	472.4	446.5	1,690	73.31	2,217	2,625
Long-Term Leases	-	7.03	7.32	1.53	6.93	0.93
Long-Term Unearned Revenue	18.09	19.34	16.39	-	-	-
Long-Term Deferred Tax Liabilities	0.4	395.05	538.5	621.93	631.28	289.09
Other Long-Term Liabilities	795.38	104.63	115.32	179.61	144.09	133.92
Total Liabilities	6,256	5,143	7,539	7,037	7,580	8,194
Common Stock	215.29	215.2	211.22	211.22	211.22	211.22
Additional Paid-In Capital	313.84	316.11	307.83	313.11	318.16	323.02
Retained Earnings	1,043	959.87	904.48	784.62	747.34	-4,003
Comprehensive Income & Other	194.02	480.61	-1,896	-1,296	-1,727	200.82
Total Common Equity	1,766	1,972	-472.87	13.11	-450.1	-3,268
Minority Interest	1,479	1,514	791.79	800.11	766.61	372.25
Shareholders' Equity	3,245	3,486	318.92	813.21	316.52	-2,896
Total Liabilities & Equity	9,501	8,629	7,858	7,851	7,897	5,298
Total Debt	1,084	1,198	3,577	3,531	3,708	4,600
Net Cash (Debt)	-465.37	-172.57	-3,274	-2,675	-2,658	-4,445
Net Cash Per Share	-0.18	-0.07	-1.25	-1.02	-1.02	-1.78
Filing Date Shares Outstanding	2,537	2,536	2,493	2,493	2,493	2,493
Total Common Shares Outstanding	2,537	2,536	2,493	2,493	2,493	2,493
Working Capital	819.86	-2,095	-3,325	-4,156	-2,709	-4,205
Book Value Per Share	0.63	0.72	-0.25	-0.06	-0.24	-1.37
Tangible Book Value	763.14	544.87	-2,337	-2,354	-3,440	-5,211
Tangible Book Value Per Share	0.24	0.15	-1.00	-1.01	-1.44	-2.15
Buildings	-	408.06	249.47	-	-	-
Machinery	-	3,154	2,325	2,117	1,927	3,034
Construction In Progress	-	1,609	2,399	1,747	1,216	1,139

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