Kangxin New Materials Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	887.29	354.37	179.6	178.05	335.85	699.59
Trading Asset Securities	-	-	80.07	-	-	200.54
Cash & Short-Term Investments	887.29	354.37	259.67	178.05	335.85	900.12
Cash Growth	177.63%	36.47%	45.84%	-46.99%	-62.69%	181.24%
Accounts Receivable	277.86	139.12	122.4	103.8	31.06	155.24
Other Receivables	8.34	5.2	4.27	6.26	3.98	19.43
Receivables	286.2	144.32	126.67	110.06	35.03	174.67
Inventory	4,160	3,802	3,773	3,853	3,848	3,773
Prepaid Expenses	-	-	-	-	0.86	2.72
Other Current Assets	49.11	31.79	30.39	28.21	35.19	60.01
Total Current Assets	5,383	4,333	4,190	4,170	4,255	4,910
Property, Plant & Equipment	666.27	698.1	905.75	1,001	1,083	1,119
Long-Term Investments	0.69	-	5.21	8	8	3
Goodwill	308.85	131.78	131.78	131.78	146.93	146.93
Other Intangible Assets	1,475	1,452	1,520	1,564	1,607	1,657
Long-Term Deferred Tax Assets	9.18	5.06	5.48	61.55	69.74	67.86
Long-Term Deferred Charges	1.39	0.94	3.81	14.77	31.36	52.99
Other Long-Term Assets	36.55	37.8	39.19	47.33	49.32	44.23
Total Assets	7,880	6,658	6,801	6,999	7,251	8,001

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	130.6	90.65	80.44	43.92	36.57	128.12
Accrued Expenses	8.35	19.21	19.35	8.3	20.92	39.43
Short-Term Debt	808.13	1,038	1,488	305.57	1,730	2,251
Current Portion of Long-Term Debt	548.76	529.75	174.72	-	50.82	35.27
Current Portion of Leases	-	0.64	0.45	-	5.19	4.3
Current Income Taxes Payable	20.43	2.73	3.22	17.61	1.44	6.71
Current Unearned Revenue	619.56	0.58	2.14	3.55	4.76	4.45
Other Current Liabilities	691.53	5.44	5.25	1,233	11.25	19.33
Total Current Liabilities	2,827	1,687	1,774	1,612	1,861	2,488
Long-Term Debt	1,069	1,278	883.58	745	542.37	570
Long-Term Leases	5.57	2.71	5.37	6.03	8.78	10.93
Long-Term Unearned Revenue	15	16.78	39.88	42.82	45.75	48.45
Long-Term Deferred Tax Liabilities	15.9	2.98	3.92	4.79	6.1	2.96
Other Long-Term Liabilities	323.14	2.5	-	148.52	-	-
Total Liabilities	4,256	2,989	2,706	2,559	2,464	3,121

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	1,345	1,345	1,345	1,345	1,345	1,345
Additional Paid-In Capital	1,057	1,057	1,057	1,057	1,109	1,058
Retained Earnings	1,024	1,221	1,606	1,943	2,241	2,434
Treasury Stock	-10.05	-10.05	-2	-	-	-
Comprehensive Income & Other	-0.63	-0.72	-1.1	0.98	0.17	-
Total Common Equity	3,415	3,612	4,004	4,345	4,694	4,836
Minority Interest	209.46	57.09	90.9	95.09	92.41	44.86
Shareholders' Equity	3,624	3,669	4,095	4,440	4,787	4,881
Total Liabilities & Equity	7,880	6,658	6,801	6,999	7,251	8,001

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	2,432	2,849	2,552	1,057	2,337	2,871
Net Cash (Debt)	-1,544	-2,494	-2,292	-878.55	-2,002	-1,971
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.19	-1.88	-1.70	-0.64	-1.46	-1.49
Filing Date Shares Outstanding	1,240	1,339	1,343	1,345	1,345	1,345
Total Common Shares Outstanding	1,240	1,339	1,343	1,345	1,345	1,345
Working Capital	2,555	2,646	2,417	2,558	2,394	2,422
Book Value Per Share	2.75	2.70	2.98	3.23	3.49	3.60
Tangible Book Value	1,631	2,028	2,352	2,649	2,940	3,032
Tangible Book Value Per Share	1.32	1.51	1.75	1.97	2.19	2.26
Buildings	-	682.7	750.52	-	747.18	753.78
Machinery	-	794.42	838.09	-	844.46	802.58
Construction In Progress	-	-	0.93	-	8.42	5.33