Shanghai REFIRE Group Limited (HKG: 2570)

Shanghai REFIRE Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	664.51	664.51	1,079	276.22	862.35	400.46
Short-Term Investments	88.66	88.66	61.81	6.73	-	-
Trading Asset Securities	-	-	335.8	-	-	-
Cash & Short-Term Investments	753.17	753.17	1,477	282.95	862.35	400.46
Cash Growth	88.08%	-49.01%	422.03%	-67.19%	115.34%	305.06%
Accounts Receivable	1,583	1,583	1,266	923.55	964.19	702.03
Other Receivables	13.53	13.53	15.68	25.52	13.44	0.31
Receivables	1,597	1,597	1,281	949.07	977.63	702.34
Inventory	239.87	239.87	276.93	259.97	234.78	132.93
Prepaid Expenses	16.35	16.35	21.94	39.8	-	-
Restricted Cash	0.75	0.75	59.9	-	-	-
Other Current Assets	177.74	177.74	55.17	28.75	70.98	69.21
Total Current Assets	2,785	2,785	3,172	1,561	2,146	1,305
Property, Plant & Equipment	522.22	522.22	505.15	526.17	249.15	103.8
Long-Term Investments	191.58	191.58	105.1	75.38	40.3	15.51
Other Intangible Assets	22.46	22.46	30.2	33.58	45.63	45.88
Long-Term Accounts Receivable	434.72	434.72	254.62	269.69	-	-
Long-Term Deferred Tax Assets	12.92	12.92	10.67	9.34	139.1	59.68
Long-Term Deferred Charges	-	-	-	-	134.29	77.69
Other Long-Term Assets	67.89	67.89	63.17	19.54	57.76	78.19
Total Assets	4,037	4,037	4,141	2,494	2,812	1,686
Accounts Payable	650.74	650.74	566.26	561.53	580.7	402.34
Accrued Expenses	68.13	68.13	98.31	75.14	33.15	25.69
Short-Term Debt	-	-	-	-	96.01	14.84
Current Portion of Long-Term Debt	428.97	428.97	269.08	654.32	-	-
Current Portion of Leases	60.4	60.4	15.52	15.42	-	-
Current Income Taxes Payable	1.06	1.06	3.45	11.14	9.17	0.63
Current Unearned Revenue	40.06	40.06	17.98	26.15	11.93	-
Other Current Liabilities	67.9	67.9	57.48	29.97	11.55	115.61
Total Current Liabilities	1,317	1,317	1,028	1,374	742.5	559.11
Long-Term Debt	750.19	750.19	729.09	403.74	140	50
Long-Term Leases	125.32	125.32	60.86	75.29	-	-
Long-Term Unearned Revenue	72.13	72.13	64.07	63.06	40.77	30.65
Other Long-Term Liabilities	21.22	21.22	19.91	42.04	434.22	190.42
Total Liabilities	2,286	2,286	1,902	1,958	1,357	830.19
Common Stock	81.31	81.31	81.31	65	65	51.83
Additional Paid-In Capital	-	-	3,723	1,557	1,728	1,202
Retained Earnings	-2,166	-2,166	-1,637	-1,131	-474.84	-392.13
Comprehensive Income & Other	3,910	3,910	103.93	75.24	0.83	0.94
Total Common Equity	1,824	1,824	2,272	566.02	1,319	862.18
Minority Interest	-73.94	-73.94	-32.42	-29.57	136.24	-6.32
Shareholders' Equity	1,750	1,750	2,239	536.46	1,455	855.86
Total Liabilities & Equity	4,037	4,037	4,141	2,494	2,812	1,686
Total Debt	1,365	1,365	1,075	1,149	236.01	64.84
Net Cash (Debt)	-611.71	-611.71	402.51	-865.82	626.35	335.62
Net Cash Growth	-	-	-	-	86.63%	1072.96%
Net Cash Per Share	-7.52	-7.52	5.35	-13.32	9.64	6.48
Filing Date Shares Outstanding	81.31	81.31	75.17	65	65	51.83
Total Common Shares Outstanding	81.31	81.31	75.17	65	65	51.83
Working Capital	1,468	1,468	2,144	186.87	1,403	745.82
Book Value Per Share	22.44	22.44	30.22	8.71	20.29	16.63
Tangible Book Value	1,802	1,802	2,241	532.44	1,273	816.3
Tangible Book Value Per Share	22.16	22.16	29.82	8.19	19.58	15.75
Buildings	69.3	69.3	65.51	59.13	47.29	-
Machinery	463.72	463.72	380.74	319.48	177.79	77.73
Construction In Progress	38.14	38.14	11.51	18.55	61.31	41.72
Leasehold Improvements	189.34	189.34	174.43	160.88	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.