China XLX Fertiliser 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	1,199	887.23	1,163	1,470	893.12
Short-Term Investments	1,095	26.36	78.51	7.02	6.18
Trading Asset Securities	8.87	7.83	7.84	11.82	13.08
Cash & Short-Term Investments	2,304	921.42	1,249	1,489	912.38
Cash Growth	150.01%	-26.22%	-16.10%	63.16%	30.09%
Accounts Receivable	1,123	1,027	1,163	1,026	1,005
Other Receivables	-	1,228	268.75	187.14	467.75
Receivables	1,123	2,256	1,432	1,213	1,472
Inventory	1,958	1,710	1,597	1,699	1,607
Restricted Cash	-	-	-	571.66	743.85
Other Current Assets	1,428	1,413	1,306	1,258	1,035
Total Current Assets	6,813	6,301	5,583	6,231	5,771
Property, Plant & Equipment	31,439	24,874	22,103	21,078	19,275
Long-Term Investments	70.45	62.32	137.62	114.03	102.35
Goodwill	74.75	74.75	63.02	63.02	63.02
Other Intangible Assets	117.28	91.25	69.71	59.22	65.97
Long-Term Deferred Tax Assets	170.06	165.02	156.79	84.74	102.52
Other Long-Term Assets	76.66	950.68	1,020	237.32	128.48
Total Assets	38,760	32,518	29,133	27,867	25,509
Accounts Payable	3,176	2,388	2,329	1,143	1,650
Accrued Expenses	2,871	516.79	505.94	462.25	355.7
Short-Term Debt	118.3	-	-	-	-
Current Portion of Long-Term Debt	3,301	5,127	4,088	5,266	6,032
Current Portion of Leases	10.22	146.14	384.21	593.78	570.75
Current Income Taxes Payable	23.58	23.36	94.91	-	167.34
Current Unearned Revenue	1,439	1,241	1,357	1,525	1,089
Other Current Liabilities	28.66	1,925	1,685	1,551	1,522
Total Current Liabilities	10,968	11,368	10,444	10,541	11,386
Long-Term Debt	13,095	7,696	7,043	6,364	4,836
Long-Term Leases	170.12	99.51	245.75	484.2	495.54
Long-Term Unearned Revenue	273.83	233.9	122.09	72.07	71.88
Long-Term Deferred Tax Liabilities	204.43	194.69	149.63	118.06	68.52
Other Long-Term Liabilities	852.24	404.18	618.29	720.71	687.12
Total Liabilities	25,564	19,996	18,622	18,299	17,546
Common Stock	1,533	1,533	1,457	1,493	1,195
Retained Earnings	6,023	5,411	4,246	3,380	2,297
Treasury Stock	-76.48	-98.43	-	-	-
Comprehensive Income & Other	2,265	2,116	1,984	2,013	2,203
Total Common Equity	9,745	8,961	7,688	6,886	5,695
Minority Interest	3,452	3,561	2,823	2,682	2,268
Shareholders' Equity	13,196	12,522	10,511	9,568	7,963
Total Liabilities & Equity	38,760	32,518	29,133	27,867	25,509
Total Debt	16,695	13,069	11,762	12,707	11,935
Net Cash (Debt)	-14,392	-12,148	-10,513	-11,218	-11,022
Net Cash Per Share	-11.58	-9.79	-8.59	-9.28	-9.41
Filing Date Shares Outstanding	1,234	1,283	1,219	1,228	1,172
Total Common Shares Outstanding	1,234	1,283	1,219	1,228	1,172
Working Capital	-4,155	-5,067	-4,860	-4,310	-5,615
Book Value Per Share	7.89	6.98	6.31	5.61	4.86
Tangible Book Value	9,553	8,795	7,555	6,764	5,566
Tangible Book Value Per Share	7.74	6.85	6.20	5.51	4.75
Buildings	-	3,594	3,206	2,754	2,386
Machinery	-	25,022	23,217	21,299	17,126
Construction In Progress	-	3,015	1,109	1,278	3,368

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