Lingyuan Iron & Steel Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,155	1,326	2,912	2,831	4,235
Cash & Short-Term Investments	1,155	1,326	2,912	2,831	4,235
Cash Growth	-12.89%	-54.47%	2.85%	-33.16%	24.71%
Accounts Receivable	148.69	213.43	184.07	1,152	919.09
Other Receivables	26.46	64.95	16.23	14.55	64.51
Receivables	175.15	278.38	200.3	1,167	983.6
Inventory	1,295	1,622	1,955	1,731	2,468
Other Current Assets	649.51	345.18	309.72	573.71	434.77
Total Current Assets	3,275	3,572	5,376	6,303	8,122
Property, Plant & Equipment	10,221	9,811	9,575	9,127	8,575
Long-Term Investments	21.26	25.22	20.13	20.24	22.79
Other Intangible Assets	562.15	500.32	528.1	512.44	537.49
Long-Term Deferred Tax Assets	1,151	1,119	635.52	401.12	96.24
Other Long-Term Assets	216.85	227.86	325.46	265.24	254.96
Total Assets	15,447	15,255	16,460	16,629	17,608
Accounts Payable	4,744	3,850	3,984	4,957	5,118
Accrued Expenses	53.04	78.27	130.6	74.31	139.42
Short-Term Debt	506.63	300	477.96	776.18	1,360
Current Portion of Long-Term Debt	1,685	148.33	261.94	56.84	40.76
Current Portion of Leases	-	152.63	198.16	224.3	154.1
Current Income Taxes Payable	20.36	-	4.77	-	5.39
Current Unearned Revenue	945.79	1,014	1,429	752.63	557.18
Other Current Liabilities	853.69	669.29	838.53	374.63	277.51
Total Current Liabilities	8,809	6,212	7,325	7,215	7,653
Long-Term Debt	2,273	3,142	1,398	741.22	411
Long-Term Leases	-	54.07	133.69	328.33	189.91
Long-Term Unearned Revenue	166.76	19.19	20.9	22.72	21.17
Long-Term Deferred Tax Liabilities	139.71	159.33	143.26	159.04	64.41
Other Long-Term Liabilities	38.5	40.77	16.03	16.52	17.62
Total Liabilities	11,428	9,628	9,037	8,483	8,357
Common Stock	2,850	2,852	2,852	2,852	2,852
Additional Paid-In Capital	588.6	601.96	601.12	601.11	601.07
Retained Earnings	635.26	2,193	3,871	4,557	5,667
Treasury Stock	-151.9	-103.73	-	-	-
Comprehensive Income & Other	97.73	83.96	98.5	135.84	131.14
Shareholders' Equity	4,019	5,627	7,423	8,146	9,251
Total Liabilities & Equity	15,447	15,255	16,460	16,629	17,608
Total Debt	4,465	3,797	2,470	2,127	2,156
Net Cash (Debt)	-3,310	-2,472	441.97	704.11	2,079
Net Cash Growth	-	-	-37.23%	-66.14%	44.12%
Net Cash Per Share	-1.19	-0.87	0.15	0.25	0.72
Filing Date Shares Outstanding	2,686	2,820	2,852	2,852	2,852
Total Common Shares Outstanding	2,686	2,820	2,852	2,852	2,852
Working Capital	-5,535	-2,641	-1,949	-912.7	468.94
Book Value Per Share	1.50	2.00	2.60	2.86	3.24
Tangible Book Value	3,457	5,127	6,895	7,633	8,714
Tangible Book Value Per Share	1.29	1.82	2.42	2.68	3.06
Buildings	-	4,705	4,755	4,505	4,379
Machinery	-	10,290	9,999	8,767	8,662
Construction In Progress	-	999.22	448.94	1,566	694.96

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