Kexin Development Co.,Ltd,Shanxi (SHA:600234)

SHA:600234 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	38.77	35.6	61.11	72.11	116.33	100.1
Trading Asset Securities	-	8.07	-	-	-	-
Cash & Short-Term Investments	38.77	43.66	61.11	72.11	116.33	100.1
Cash Growth	-30.93%	-28.55%	-15.25%	-38.01%	16.22%	-16.14%
Accounts Receivable	285.58	303.46	330.78	130.9	241.83	435.67
Other Receivables	7.12	2.2	17.36	3.56	11.91	7.72
Receivables	292.7	305.66	348.14	134.46	253.74	443.39
Inventory	1.07	0.04	0.17	-	-	0.08
Other Current Assets	24.33	20.02	21.87	25.18	30.61	35.24
Total Current Assets	356.87	369.38	431.29	231.75	400.68	578.81
Property, Plant & Equipment	278.1	6.34	6.48	7.05	4.82	8.76
Long-Term Investments	0.06	0.06	0.82	1.48	4.2	7.15
Other Intangible Assets	1.32	1.49	1.82	0.23	0.26	0.29
Long-Term Deferred Tax Assets	1.46	1.34	1.58	1.27	0.63	4.64
Long-Term Deferred Charges	0.52	0.75	1.42	2.04	1.6	1.71
Other Long-Term Assets	455.44	422.86	427.51	422.57	435.87	448.1
Total Assets	1,094	802.23	870.92	666.39	848.05	1,049

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	154.64	186.45	216.04	91.06	103.05	269.69
Accrued Expenses	2	19.01	23.04	7.71	12.41	12.42
Short-Term Debt	-	0.77	0.77	4.07	0.77	0.77
Current Portion of Long-Term Debt	73.11	0.04	-	-	-	-
Current Portion of Leases	-	1.06	2.32	2.09	2.58	3.42
Current Income Taxes Payable	8.66	-	2.93	-	1.99	3.03
Current Unearned Revenue	8.59	4.15	26	5.49	1.12	7.35
Other Current Liabilities	81.92	18.1	15.11	13.89	13.83	14.1
Total Current Liabilities	328.92	229.59	286.21	124.32	135.75	310.78
Long-Term Debt	187.03	7.94	-	-	-	-
Long-Term Leases	3.78	4.3	3.09	3.24	-	2.92
Long-Term Unearned Revenue	0.1	0.11	0.14	0.16	0.19	0.21
Long-Term Deferred Tax Liabilities	92.94	92.36	93.36	92.22	94.9	97.33
Other Long-Term Liabilities	-	-	0	-	0.05	-
Total Liabilities	612.78	334.3	382.79	219.94	230.88	411.24

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	262.52	262.52	262.52	262.52	262.52	262.52
Additional Paid-In Capital	743.7	743.7	743.7	743.7	743.7	742.78
Retained Earnings	-554.13	-554.48	-537.3	-577.28	-406.63	-387.13
Total Common Equity	452.09	451.74	468.92	428.94	599.59	618.17
Minority Interest	28.9	16.19	19.21	17.51	17.59	20.06
Shareholders' Equity	480.99	467.93	488.13	446.45	617.18	638.23
Total Liabilities & Equity	1,094	802.23	870.92	666.39	848.05	1,049

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	263.93	14.11	6.18	9.41	3.35	7.11
Net Cash (Debt)	-225.16	29.55	54.93	62.7	112.98	92.99
Net Cash Growth	-	-46.20%	-12.39%	-44.50%	21.50%	-
Net Cash Per Share	-0.90	0.12	0.21	0.24	0.43	0.41
Filing Date Shares Outstanding	277.92	262.52	262.52	262.52	262.52	262.52
Total Common Shares Outstanding	277.92	262.52	262.52	262.52	262.52	262.52
Working Capital	27.95	139.79	145.09	107.43	264.93	268.03
Book Value Per Share	1.63	1.72	1.79	1.63	2.28	2.35
Tangible Book Value	450.77	450.25	467.09	428.71	599.33	617.88
Tangible Book Value Per Share	1.62	1.72	1.78	1.63	2.28	2.35
Buildings	-	2.67	2.67	2.67	2.67	2.67
Machinery	-	8.22	8.19	9.03	9	9.24
Order Backlog	-	618.39	-	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 25, 2026

Data Sources Report a data error