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 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	307.87	354.37	179.6	178.05	335.85	699.59
Trading Asset Securities	40	-	80.07	-	-	200.54
Cash & Short-Term Investments	347.87	354.37	259.67	178.05	335.85	900.12
Cash Growth	58.37%	36.47%	45.84%	-46.99%	-62.69%	181.24%
Accounts Receivable	104.48	139.12	122.4	103.8	31.06	155.24
Other Receivables	6.08	5.2	4.27	6.26	3.98	19.43
Receivables	110.56	144.32	126.67	110.06	35.03	174.67
Inventory	3,820	3,802	3,773	3,853	3,848	3,773
Prepaid Expenses	-	-	-	-	0.86	2.72
Other Current Assets	32.31	31.79	30.39	28.21	35.19	60.01
Total Current Assets	4,310	4,333	4,190	4,170	4,255	4,910
Property, Plant & Equipment	684.04	698.1	905.75	1,001	1,083	1,119
Long-Term Investments	-	-	5.21	8	8	3
Goodwill	131.78	131.78	131.78	131.78	146.93	146.93
Other Intangible Assets	1,441	1,452	1,520	1,564	1,607	1,657
Long-Term Deferred Tax Assets	5.06	5.06	5.48	61.55	69.74	67.86
Long-Term Deferred Charges	0.74	0.94	3.81	14.77	31.36	52.99
Other Long-Term Assets	37.21	37.8	39.19	47.33	49.32	44.23
Total Assets	6,610	6,658	6,801	6,999	7,251	8,001
Accounts Payable	69.09	90.65	80.44	43.92	36.57	128.12
Accrued Expenses	5.91	19.21	19.35	8.3	20.92	39.43
Short-Term Debt	456.47	1,038	1,488	305.57	1,730	2,251
Current Portion of Long-Term Debt	559.46	529.75	174.72	-	50.82	35.27
Current Portion of Leases	-	0.64	0.45	-	5.19	4.3
Current Income Taxes Payable	12.28	2.73	3.22	17.61	1.44	6.71
Current Unearned Revenue	50.43	0.58	2.14	3.55	4.76	4.45
Other Current Liabilities	628.97	5.44	5.25	1,233	11.25	19.33
Total Current Liabilities	1,783	1,687	1,774	1,612	1,861	2,488
Long-Term Debt	933.16	1,278	883.58	745	542.37	570
Long-Term Leases	2.65	2.71	5.37	6.03	8.78	10.93
Long-Term Unearned Revenue	16.19	16.78	39.88	42.82	45.75	48.45
Long-Term Deferred Tax Liabilities	2.94	2.98	3.92	4.79	6.1	2.96
Other Long-Term Liabilities	255.19	2.5	-	148.52	-	-
Total Liabilities	2,993	2,989	2,706	2,559	2,464	3,121
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	1,169	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	3,560	3,612	4,004	4,345	4,694	4,836
Minority Interest	57.39	57.09	90.9	95.09	92.41	44.86
Shareholders' Equity	3,617	3,669	4,095	4,440	4,787	4,881
Total Liabilities & Equity	6,610	6,658	6,801	6,999	7,251	8,001
Total Debt	1,952	2,849	2,552	1,057	2,337	2,871
Net Cash (Debt)	-1,604	-2,494	-2,292	-878.55	-2,002	-1,971
Net Cash Per Share	-1.26	-1.88	-1.70	-0.64	-1.46	-1.49
Filing Date Shares Outstanding	1,297	1,339	1,343	1,345	1,345	1,345
Total Common Shares Outstanding	1,297	1,339	1,343	1,345	1,345	1,345
Working Capital	2,528	2,646	2,417	2,558	2,394	2,422
Book Value Per Share	2.74	2.70	2.98	3.23	3.49	3.60
Tangible Book Value	1,987	2,028	2,352	2,649	2,940	3,032
Tangible Book Value Per Share	1.53	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