Shanxi Huayang New Material Co.,Ltd. (SHA:600281)

SHA:600281 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	22.49	34.66	39.53	84.05	168.89	195.13
Cash & Short-Term Investments	22.49	34.66	39.53	84.05	168.89	195.13
Cash Growth	-71.90%	-12.32%	-52.97%	-50.23%	-13.45%	-21.27%
Accounts Receivable	99.1	66.92	72.14	77.57	68.75	36.77
Other Receivables	69	1.01	3.6	1.65	138.67	1.41
Receivables	168.1	67.93	75.74	79.22	207.42	38.18
Inventory	141.79	87.61	128.41	179.41	147.94	140.08
Prepaid Expenses	-	0.02	0	-	0.18	0.95
Other Current Assets	30.5	28.49	28.85	24.68	44.98	19.63
Total Current Assets	362.88	218.71	272.54	367.37	569.41	393.96
Property, Plant & Equipment	468.44	487.55	518.5	509.75	190.24	89.78
Long-Term Investments	2.39	2.39	2.2	1.7	3.2	232.77
Other Intangible Assets	19.71	20.09	21.17	21.79	0.61	0.63
Long-Term Deferred Tax Assets	53.6	54.33	82.95	91.09	81.64	71.72
Long-Term Deferred Charges	6.92	8.6	11.16	14.71	-	-
Other Long-Term Assets	54.08	69.91	68.72	70.97	66.63	66.19
Total Assets	968.01	861.57	977.23	1,077	911.72	855.05
Accounts Payable	124.23	26.08	22.34	67.16	62.8	13.43
Accrued Expenses	8.51	43.51	32.91	29.89	27.45	26.74
Short-Term Debt	8.69	20.02	20.03	50	253.41	199.27
Current Portion of Long-Term Debt	369.9	314.66	77.03	61	-	-
Current Portion of Leases	-	11.66	3.59	3.44	-	-
Current Income Taxes Payable	26.38	0.05	0	-	-	0.91
Current Unearned Revenue	25.91	25.05	0.57	1.48	0.7	0.37
Other Current Liabilities	85.95	148.02	168.55	186.06	76.33	82.09
Total Current Liabilities	649.57	589.04	325.02	399.02	420.7	322.81
Long-Term Debt	151.19	188.47	379.77	200.07	-	-
Long-Term Leases	13.82	10.89	14.26	17.87	-	-
Long-Term Unearned Revenue	4.87	5.05	5.29	5.44	4.18	-
Long-Term Deferred Tax Liabilities	6.4	5.84	5.99	7.04	2.23	2.37
Other Long-Term Liabilities	11.54	1.2	1.2	1.2	2.7	2.7
Total Liabilities	837.38	800.49	731.54	630.64	429.81	327.89
Common Stock	514.4	514.4	514.4	514.4	514.4	514.4
Additional Paid-In Capital	582.45	582.45	582.26	583.63	578.13	578.66
Retained Earnings	-968.26	-1,037	-850.97	-651.3	-610.62	-565.9
Comprehensive Income & Other	2.04	1.37	-	-	-	-
Total Common Equity	130.63	61.08	245.69	446.73	481.91	527.16
Shareholders' Equity	130.63	61.08	245.69	446.73	481.91	527.16
Total Liabilities & Equity	968.01	861.57	977.23	1,077	911.72	855.05
Total Debt	543.6	545.7	494.68	332.37	253.41	199.27
Net Cash (Debt)	-521.11	-511.04	-455.15	-248.32	-84.52	-4.14
Net Cash Per Share	-1.01	-0.99	-0.88	-0.48	-0.16	-0.01
Filing Date Shares Outstanding	514.4	514.4	514.4	514.4	514.4	514.4
Total Common Shares Outstanding	514.4	514.4	514.4	514.4	514.4	514.4
Working Capital	-286.69	-370.34	-52.48	-31.66	148.7	71.15
Book Value Per Share	0.25	0.12	0.48	0.87	0.94	1.02
Tangible Book Value	110.92	40.99	224.52	424.95	481.3	526.53
Tangible Book Value Per Share	0.22	0.08	0.44	0.83	0.94	1.02
Buildings	-	252.08	253.3	204.68	64.43	64.43
Machinery	-	282.26	283.12	223.33	34.22	28.72
Construction In Progress	-	1.1	-	73.39	96.45	-

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