West China Cement 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	766.3	1,157	922.66	1,424	3,508
Short-Term Investments	-	-	-	-	81.86
Cash & Short-Term Investments	766.3	1,157	922.66	1,424	3,590
Cash Growth	-33.78%	25.41%	-35.22%	-60.32%	377.68%
Accounts Receivable	1,579	1,564	1,533	1,519	1,481
Other Receivables	1,811	1,523	1,343	1,200	831.55
Receivables	3,586	3,360	3,118	3,044	3,318
Inventory	2,415	3,136	2,343	1,489	1,111
Other Current Assets	1,451	1,578	1,427	893.11	816.52
Total Current Assets	8,217	9,232	7,810	6,850	8,835
Property, Plant & Equipment	25,578	25,678	23,372	20,551	15,826
Long-Term Investments	58.17	46.35	45.13	730.82	171.99
Goodwill	-	292.03	368.24	480.87	193.36
Other Intangible Assets	299.69	66.55	62.46	62.7	38.84
Long-Term Deferred Tax Assets	171.6	131.5	165.98	190.64	92.46
Other Long-Term Assets	803.82	708.94	683.15	971.56	956.65
Total Assets	35,236	36,290	32,903	30,239	26,648
Accounts Payable	2,359	2,624	2,279	2,079	1,984
Accrued Expenses	372.33	273.48	261.6	258.14	287.6
Short-Term Debt	364.61	-	-	-	-
Current Portion of Long-Term Debt	4,880	3,917	3,633	3,871	3,250
Current Income Taxes Payable	253.59	58.91	195.44	181.01	108.88
Current Unearned Revenue	637.59	1,255	726.56	457.21	578.92
Other Current Liabilities	3,949	4,664	2,714	2,628	1,526
Total Current Liabilities	12,816	12,793	9,810	9,475	7,735
Long-Term Debt	7,612	8,763	8,137	6,549	6,674
Long-Term Unearned Revenue	65.43	15.44	20.8	28.25	27.77
Long-Term Deferred Tax Liabilities	484.72	511.04	409.58	459.46	83.78
Other Long-Term Liabilities	340.9	390.8	358.18	335.69	337.04
Total Liabilities	21,319	22,473	18,735	16,848	14,857
Common Stock	142.26	142.26	141.84	141.84	141.84
Additional Paid-In Capital	12,515	896.57	989.62	1,354	1,827
Retained Earnings	-	11,794	11,161	10,735	9,521
Comprehensive Income & Other	-	-564.52	-9.39	-199.86	-176.1
Total Common Equity	12,658	12,268	12,283	12,031	11,314
Minority Interest	1,260	1,548	1,885	1,360	478.08
Shareholders' Equity	13,917	13,816	14,168	13,392	11,792
Total Liabilities & Equity	35,236	36,290	32,903	30,239	26,648
Total Debt	12,857	12,681	11,769	10,420	9,923
Net Cash (Debt)	-12,090	-11,523	-10,847	-8,996	-6,334
Net Cash Per Share	-2.21	-2.11	-1.99	-1.65	-1.16
Filing Date Shares Outstanding	5,463	5,463	5,439	5,439	5,439
Total Common Shares Outstanding	5,463	5,463	5,439	5,439	5,439
Working Capital	-4,599	-3,560	-2,000	-2,625	1,100
Book Value Per Share	2.32	2.25	2.26	2.21	2.08
Tangible Book Value	12,358	11,910	11,853	11,488	11,081
Tangible Book Value Per Share	2.26	2.18	2.18	2.11	2.04
Buildings	-	11,038	8,592	7,872	6,880
Machinery	-	16,968	13,544	12,562	11,385
Construction In Progress	-	4,025	6,459	4,503	1,486

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.