Taiyuan Heavy Industry 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	2,297	2,222	1,676	2,069	2,285	2,815
Cash & Short-Term Investments	2,297	2,222	1,676	2,069	2,285	2,815
Cash Growth	-12.64%	32.58%	-18.96%	-9.46%	-18.85%	-39.15%
Accounts Receivable	9,977	10,207	9,263	8,670	9,551	9,622
Other Receivables	399.08	741.11	982.21	851.34	220.4	197.55
Receivables	10,376	10,948	10,245	9,521	9,771	9,820
Inventory	7,326	7,251	8,772	10,011	9,847	9,423
Other Current Assets	1,113	485.47	475.51	763.18	805.76	760.62
Total Current Assets	21,111	20,907	21,168	22,364	22,709	22,818
Property, Plant & Equipment	6,244	6,242	6,105	6,117	5,936	5,649
Long-Term Investments	112.33	112.54	111.87	109.93	664.96	597.47
Other Intangible Assets	1,311	1,358	1,188	1,388	1,123	943.95
Long-Term Accounts Receivable	-	431.71	190.94	547.5	407.36	519.07
Long-Term Deferred Tax Assets	201.34	202.18	190.33	148.21	144.93	146.45
Long-Term Deferred Charges	532.56	498.99	613.77	721.05	558.7	438.04
Other Long-Term Assets	2,598	2,161	2,228	2,150	41.47	61.65
Total Assets	32,111	31,914	31,796	33,545	31,586	31,174
Accounts Payable	8,282	6,750	6,376	7,906	7,985	8,326
Accrued Expenses	81.7	553.77	296.66	156.5	141.85	201.01
Short-Term Debt	958.44	1,494	3,345	3,479	6,413	7,919
Current Portion of Long-Term Debt	4,240	4,304	4,100	3,110	2,434	2,315
Current Portion of Leases	-	184.58	161.13	-	2.39	67.7
Current Income Taxes Payable	132.85	13.36	2.78	9.54	0	4.14
Current Unearned Revenue	1,412	1,347	879.35	800.33	907.98	1,101
Other Current Liabilities	561.2	1,710	1,810	1,300	973.06	659.86
Total Current Liabilities	15,668	16,357	16,971	16,762	18,856	20,593
Long-Term Debt	9,347	8,493	7,681	9,047	5,936	4,387
Long-Term Leases	305.97	316.46	446.41	211.27	-	2.39
Long-Term Unearned Revenue	344.74	352.18	359.58	534.74	362	329.41
Long-Term Deferred Tax Liabilities	55.58	56.2	43.11	-	-	-
Other Long-Term Liabilities	265.82	268.62	269	172.92	42.4	42.4
Total Liabilities	25,988	25,844	25,770	26,728	25,197	25,354
Common Stock	3,347	3,347	3,361	3,381	3,372	3,333
Additional Paid-In Capital	1,934	1,934	2,174	2,539	2,217	2,181
Retained Earnings	-26.24	-51.96	-283.54	-310.93	-490.36	-705.35
Treasury Stock	-29.69	-29.69	-55.77	-64.67	-	-
Comprehensive Income & Other	-5.92	-7.5	-13.17	-12.07	-11.95	-10.72
Total Common Equity	5,219	5,192	5,183	5,532	5,087	4,799
Minority Interest	903.93	878.26	843.13	1,285	1,303	1,022
Shareholders' Equity	6,123	6,070	6,026	6,817	6,390	5,820
Total Liabilities & Equity	32,111	31,914	31,796	33,545	31,586	31,174
Total Debt	14,852	14,793	15,734	15,848	14,784	14,690
Net Cash (Debt)	-12,555	-12,570	-14,057	-13,779	-12,500	-11,875
Net Cash Per Share	-3.77	-3.77	-4.21	-4.11	-3.74	-3.56
Filing Date Shares Outstanding	3,341	3,238	3,356	3,376	3,372	3,333
Total Common Shares Outstanding	3,341	3,238	3,356	3,381	3,372	3,333
Working Capital	5,443	4,550	4,197	5,602	3,853	2,225
Book Value Per Share	1.56	1.60	1.54	1.64	1.51	1.44
Tangible Book Value	3,908	3,834	3,995	4,144	3,963	3,855
Tangible Book Value Per Share	1.17	1.18	1.19	1.23	1.18	1.16
Buildings	-	1,535	838.3	1,416	2,918	2,475
Machinery	-	4,922	4,307	4,564	4,149	4,042
Construction In Progress	-	1,555	2,362	1,385	1,703	1,840

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