Minmetals Development Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,305	3,506	2,914	1,972	2,554	2,852
Trading Asset Securities	-	5.96	-	-	-	-
Cash & Short-Term Investments	2,305	3,512	2,914	1,972	2,554	2,852
Cash Growth	26.43%	20.52%	47.79%	-22.80%	-10.45%	76.14%
Accounts Receivable	9,214	9,166	10,759	10,714	9,537	7,929
Other Receivables	1,370	759.88	2,157	1,846	1,296	1,502
Receivables	10,583	9,961	12,953	12,615	10,906	9,757
Inventory	4,037	3,234	2,552	2,746	3,489	4,306
Prepaid Expenses	-	42	32.57	20.29	25.94	26.37
Other Current Assets	4,439	3,202	2,577	2,313	3,121	2,808
Total Current Assets	21,365	19,952	21,029	19,667	20,096	19,750
Property, Plant & Equipment	1,080	1,107	1,142	1,312	1,122	1,177
Long-Term Investments	317.33	321.32	370.31	413.29	460.13	504.42
Other Intangible Assets	638.62	648.93	456.06	455.63	559.78	565.06
Long-Term Deferred Tax Assets	422.56	406.7	523.09	561.75	674.55	674.67
Long-Term Deferred Charges	46.4	47.25	61.34	36.46	22.76	26.44
Other Long-Term Assets	231.51	234.83	326.27	290.96	261.56	295.71
Total Assets	24,101	22,718	23,909	22,736	23,206	23,082
Accounts Payable	10,069	9,912	10,547	9,134	7,560	6,597
Accrued Expenses	142.7	305.65	466.84	498.75	896.06	509.58
Short-Term Debt	910.2	584.08	895.24	1,283	4,781	3,484
Current Portion of Long-Term Debt	47.85	16.78	26.65	407.5	520	18
Current Portion of Leases	-	45.78	41.84	54.6	43.58	32.49
Current Income Taxes Payable	87.75	33.18	44.65	66.91	90.31	43.41
Current Unearned Revenue	2,360	1,723	1,374	1,246	1,803	1,666
Other Current Liabilities	2,740	2,348	2,618	2,109	1,160	2,436
Total Current Liabilities	16,358	14,970	16,013	14,800	16,854	14,786
Long-Term Debt	24.5	24.5	16.78	37.25	730.5	526
Long-Term Leases	126.95	134.51	102.94	141.56	36.85	38.81
Long-Term Unearned Revenue	-	-	-	-	6.83	46.8
Long-Term Deferred Tax Liabilities	11.7	23.15	106.04	82.45	89.5	40.35
Other Long-Term Liabilities	19.41	18.78	17.16	17.69	384.12	363.1
Total Liabilities	16,540	15,170	16,256	15,079	18,102	15,801
Common Stock	1,072	1,072	1,072	1,072	1,072	1,072
Additional Paid-In Capital	4,187	4,187	4,220	4,219	4,358	4,195
Retained Earnings	-382.26	-383.72	-365.5	-376.66	-493.44	-671.55
Comprehensive Income & Other	2,552	2,540	2,585	2,606	4.85	2,549
Total Common Equity	7,428	7,416	7,512	7,521	4,942	7,144
Minority Interest	133.09	131.11	140.26	136.82	162.29	137.03
Shareholders' Equity	7,561	7,547	7,652	7,658	5,104	7,281
Total Liabilities & Equity	24,101	22,718	23,909	22,736	23,206	23,082
Total Debt	1,110	805.64	1,083	1,924	6,112	4,099
Net Cash (Debt)	1,195	2,707	1,831	47.65	-3,558	-1,247
Net Cash Growth	-	47.85%	3741.83%	-	-	-
Net Cash Per Share	0.10	2.53	1.71	0.04	-1.94	-0.81
Filing Date Shares Outstanding	12,142	1,072	1,072	1,072	1,072	1,072
Total Common Shares Outstanding	12,142	1,072	1,072	1,072	1,072	1,072
Working Capital	5,007	4,982	5,016	4,867	3,242	4,964
Book Value Per Share	0.61	4.55	4.60	4.61	4.61	4.33
Tangible Book Value	6,789	6,767	7,056	7,065	4,382	6,579
Tangible Book Value Per Share	0.56	3.95	4.17	4.18	4.09	3.81
Buildings	-	1,257	1,315	1,307	1,146	1,152
Machinery	-	545.1	582.37	579.6	569.52	561.03
Construction In Progress	-	15.19	17.91	84.21	98.5	102.71

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