Shenghe Resources Holding 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	5,714	5,791	2,526	2,334	2,620	2,246
Short-Term Investments	-	-	-	180	-	160
Trading Asset Securities	233.66	108	50	50	50	50
Cash & Short-Term Investments	5,948	5,899	2,576	2,564	2,670	2,456
Cash Growth	157.27%	129.01%	0.47%	-3.99%	8.73%	80.97%
Accounts Receivable	1,608	1,940	1,150	1,430	1,824	2,036
Other Receivables	166.83	201.95	236.74	262.42	341.9	196.57
Receivables	1,775	2,141	1,387	1,692	2,166	2,232
Inventory	5,527	4,515	4,456	4,886	4,731	3,687
Prepaid Expenses	-	49.08	51.01	-	-	10.9
Other Current Assets	1,719	608.94	913.31	588.31	629.18	774.02
Total Current Assets	14,970	13,214	9,383	9,730	10,197	9,160
Property, Plant & Equipment	1,866	1,882	1,872	1,642	991.28	587.15
Long-Term Investments	2,751	2,848	2,385	2,884	3,363	4,671
Goodwill	297.16	297.16	289.72	285.43	285.26	196.4
Other Intangible Assets	1,802	1,821	1,003	313.57	338.12	304.29
Long-Term Deferred Tax Assets	176.36	180.09	163.79	159.21	159.4	101.89
Long-Term Deferred Charges	7.87	7.32	6.9	6.16	4.32	5.22
Other Long-Term Assets	505.03	514.92	398.94	304.9	203.27	121.69
Total Assets	22,376	20,765	15,502	15,326	15,541	15,148
Accounts Payable	855.27	372.83	551.01	1,044	655.17	1,323
Accrued Expenses	157.59	409.14	162.95	228.52	315.89	275.26
Short-Term Debt	5,400	4,468	3,469	2,652	2,112	1,784
Current Portion of Long-Term Debt	409.06	418.45	517.17	477.26	620.65	202
Current Portion of Leases	-	4.65	1.59	1.82	1.11	1.07
Current Income Taxes Payable	166.26	144.09	175.06	175.46	285.54	248.18
Current Unearned Revenue	406.29	126.83	161.17	245.48	465.7	473.26
Other Current Liabilities	188.14	145.57	159.37	155.01	518.7	137.9
Total Current Liabilities	7,583	6,090	5,198	4,980	4,974	4,444
Long-Term Debt	293.14	345.43	445.24	498.41	450.49	605.5
Long-Term Leases	4.62	3.56	2.64	4.46	4.96	6.07
Long-Term Unearned Revenue	36.97	32.87	33.79	36.24	17.74	18.49
Long-Term Deferred Tax Liabilities	43.93	45.17	27.38	22.12	31.16	30.37
Other Long-Term Liabilities	103.72	103.65	146.69	22.49	44.98	47.54
Total Liabilities	8,065	6,621	5,853	5,563	5,524	5,152
Common Stock	1,753	1,753	1,753	1,753	1,753	1,755
Additional Paid-In Capital	2,097	4,217	4,217	2,088	2,079	2,098
Retained Earnings	7,730	7,403	4,353	4,268	4,118	2,699
Treasury Stock	-	-	-	-	-	-21.5
Comprehensive Income & Other	1,290	-689.68	-1,589	910.57	1,296	2,831
Total Common Equity	12,869	12,683	8,734	9,019	9,246	9,362
Minority Interest	1,442	1,461	915.16	743.62	771.43	633.52
Shareholders' Equity	14,311	14,144	9,649	9,762	10,017	9,995
Total Liabilities & Equity	22,376	20,765	15,502	15,326	15,541	15,148
Total Debt	6,107	5,241	4,436	3,634	3,189	2,598
Net Cash (Debt)	-158.81	658.72	-1,860	-1,070	-518.36	-142.36
Net Cash Per Share	-0.09	0.38	-1.06	-0.61	-0.30	-0.08
Filing Date Shares Outstanding	1,753	1,753	1,753	1,753	1,753	1,753
Total Common Shares Outstanding	1,753	1,753	1,753	1,753	1,753	1,753
Working Capital	7,387	7,124	4,186	4,750	5,222	4,716
Book Value Per Share	7.34	7.24	4.98	5.15	5.27	5.34
Tangible Book Value	10,770	10,565	7,441	8,420	8,623	8,861
Tangible Book Value Per Share	6.14	6.03	4.25	4.80	4.92	5.06
Buildings	-	1,386	1,145	729.69	597.09	305.33
Machinery	-	1,113	955.9	680.06	526.32	368.79
Construction In Progress	-	140.88	322.77	664.42	243.44	244.68

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