Kangxin New Materials 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	Sep '25 Sep 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	319.6	179.6	178.05	335.85	699.59	320.05
Trading Asset Securities	-	80.07	-	-	200.54	-
Cash & Short-Term Investments	319.6	259.67	178.05	335.85	900.12	320.05
Cash Growth	130.77%	45.84%	-46.99%	-62.69%	181.24%	18.73%
Accounts Receivable	113.9	122.4	101.76	31.06	155.24	300.3
Other Receivables	7.83	4.27	6.26	3.98	19.43	5.77
Receivables	121.73	126.67	108.02	35.03	174.67	306.07
Inventory	3,802	3,777	3,853	3,848	3,773	3,261
Prepaid Expenses	-	-	-	0.86	2.72	-
Other Current Assets	32.48	30.39	28.21	35.19	60.01	125.3
Total Current Assets	4,276	4,194	4,168	4,255	4,910	4,013
Property, Plant & Equipment	812.48	905.75	1,001	1,083	1,119	1,133
Long-Term Investments	-	5.21	8	8	3	3
Goodwill	131.78	131.78	131.78	146.93	146.93	146.93
Other Intangible Assets	1,463	1,520	1,564	1,607	1,657	1,701
Long-Term Deferred Tax Assets	5.35	5.48	61.53	69.74	67.86	47.92
Long-Term Deferred Charges	0.95	3.81	14.77	31.36	52.99	82.32
Other Long-Term Assets	37.82	39.19	47.33	49.32	44.23	13.49
Total Assets	6,727	6,804	6,997	7,251	8,001	7,140
Accounts Payable	80.7	80.5	38.05	36.57	128.12	214.2
Accrued Expenses	5.9	19.72	22.27	20.92	39.43	69.36
Short-Term Debt	1,006	1,488	1,327	1,730	2,251	1,843
Current Portion of Long-Term Debt	313.1	69.86	46.09	50.82	35.27	-
Current Portion of Leases	-	0.45	2.94	5.19	4.3	-
Current Income Taxes Payable	11.17	2.48	3.93	1.44	6.71	2.36
Current Unearned Revenue	0.75	2.14	3.55	4.76	4.45	12.71
Other Current Liabilities	-	109.33	164.58	11.25	19.33	268.74
Total Current Liabilities	1,417	1,772	1,609	1,861	2,488	2,411
Long-Term Debt	1,414	883.58	893.52	542.37	570	542.05
Long-Term Leases	4.79	5.37	6.03	8.78	10.93	-
Long-Term Unearned Revenue	17.37	39.88	42.82	45.75	48.45	50.41
Long-Term Deferred Tax Liabilities	3.73	3.92	4.79	6.1	2.96	3.01
Other Long-Term Liabilities	2.5	-	-	-	-	134.05
Total Liabilities	2,860	2,705	2,556	2,464	3,121	3,140
Common Stock	1,345	1,345	1,345	1,345	1,345	1,034
Additional Paid-In Capital	1,057	1,057	1,057	1,109	1,058	514.7
Retained Earnings	1,421	1,610	1,944	2,241	2,434	2,403
Treasury Stock	-10.05	-2	-	-	-	-
Comprehensive Income & Other	-0.98	-1.1	0.95	0.17	-	-
Total Common Equity	3,811	4,008	4,346	4,694	4,836	3,952
Minority Interest	55.41	90.88	95.07	92.41	44.86	47.77
Shareholders' Equity	3,867	4,099	4,441	4,787	4,881	4,000
Total Liabilities & Equity	6,727	6,804	6,997	7,251	8,001	7,140
Total Debt	2,738	2,447	2,276	2,337	2,871	2,385
Net Cash (Debt)	-2,418	-2,188	-2,098	-2,002	-1,971	-2,065
Net Cash Per Share	-1.86	-1.64	-1.55	-1.46	-1.49	-2.00
Filing Date Shares Outstanding	1,339	1,343	1,345	1,345	1,345	1,034
Total Common Shares Outstanding	1,339	1,343	1,345	1,345	1,345	1,034
Working Capital	2,858	2,421	2,559	2,394	2,422	1,602
Book Value Per Share	2.85	2.98	3.23	3.49	3.60	3.82
Tangible Book Value	2,217	2,357	2,650	2,940	3,032	2,104
Tangible Book Value Per Share	1.66	1.75	1.97	2.19	2.26	2.03
Buildings	-	750.52	750.79	747.18	753.78	708.14
Machinery	-	838.09	842.04	844.46	802.58	773.39
Construction In Progress	-	0.93	4.46	8.42	5.33	56.28

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