Baoji Titanium 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	1,148	1,316	941.37	926.12	910.11	1,635
Cash & Short-Term Investments	1,148	1,316	941.37	926.12	910.11	1,635
Cash Growth	31.02%	39.83%	1.65%	1.76%	-44.34%	75.98%
Accounts Receivable	5,211	5,101	4,175	3,834	4,080	3,379
Other Receivables	17.33	15.85	12.49	0.32	3.33	14.37
Receivables	5,228	5,117	4,188	3,835	4,083	3,393
Inventory	4,671	4,493	3,919	3,702	3,565	2,996
Prepaid Expenses	-	-	-	0.2	1.82	0.3
Other Current Assets	233.46	173.14	85.5	205.91	264.82	386.22
Total Current Assets	11,280	11,100	9,134	8,669	8,824	8,411
Property, Plant & Equipment	4,468	4,322	3,719	3,404	3,268	2,985
Long-Term Investments	41.59	41.59	35.98	12.75	11.74	10.96
Other Intangible Assets	336.16	338.92	262.81	178.38	183.68	189.87
Long-Term Accounts Receivable	-	-	-	0.04	0.04	0.04
Long-Term Deferred Tax Assets	153.69	141.77	134.32	100.87	72.69	46.33
Long-Term Deferred Charges	19.03	19.15	19.82	20.85	20.63	0.11
Other Long-Term Assets	42.52	195.09	45.95	107.13	78.1	113.66
Total Assets	16,341	16,158	13,351	12,493	12,460	11,757
Accounts Payable	3,049	2,690	1,842	1,620	1,577	1,452
Accrued Expenses	93.23	108.29	110.72	97.54	86.82	86.22
Short-Term Debt	715	766.69	380.23	374.2	250.22	400.38
Current Portion of Long-Term Debt	316.07	349.8	965.66	453.96	423.63	8.67
Current Portion of Leases	-	38.98	52.58	20.73	73.46	38.24
Current Income Taxes Payable	70.99	47.92	17.94	24.32	20	25.01
Current Unearned Revenue	136.21	134.03	140.1	200.03	173.31	319.7
Other Current Liabilities	1,058	1,275	911.23	882.82	1,316	890.59
Total Current Liabilities	5,438	5,410	4,421	3,673	3,921	3,221
Long-Term Debt	2,121	2,092	940.7	1,405	1,464	1,744
Long-Term Leases	20.43	32.22	62.43	31.35	64.11	100.13
Long-Term Unearned Revenue	411.83	390.82	244.58	207.88	212.07	196.05
Long-Term Deferred Tax Liabilities	40.78	34.7	52.14	30.88	33.98	13.11
Total Liabilities	8,033	7,960	5,721	5,348	5,694	5,274
Common Stock	477.78	477.78	477.78	477.78	477.78	477.78
Additional Paid-In Capital	-	4,292	4,292	4,296	4,292	4,292
Retained Earnings	2,434	2,375	2,160	1,751	1,420	1,268
Comprehensive Income & Other	4,330	34.12	25.1	9.99	3.29	0.56
Total Common Equity	7,242	7,178	6,955	6,535	6,193	6,038
Minority Interest	1,067	1,020	675.98	609.94	572.64	444.13
Shareholders' Equity	8,309	8,198	7,631	7,145	6,765	6,483
Total Liabilities & Equity	16,341	16,158	13,351	12,493	12,460	11,757
Total Debt	3,173	3,279	2,402	2,285	2,275	2,291
Net Cash (Debt)	-2,025	-1,963	-1,460	-1,359	-1,365	-656.13
Net Cash Per Share	-4.24	-4.11	-3.06	-2.84	-2.86	-1.38
Filing Date Shares Outstanding	477.78	477.78	477.78	477.78	477.78	477.78
Total Common Shares Outstanding	477.78	477.78	477.78	477.78	477.78	477.78
Working Capital	5,842	5,689	4,713	4,996	4,904	5,190
Book Value Per Share	15.16	15.02	14.56	13.68	12.96	12.64
Tangible Book Value	6,906	6,840	6,692	6,356	6,009	5,849
Tangible Book Value Per Share	14.45	14.32	14.01	13.30	12.58	12.24
Buildings	-	1,841	1,635	1,302	1,151	1,059
Machinery	-	5,513	4,994	4,627	3,966	3,669
Construction In Progress	-	422.35	117.5	259.92	645.36	493.18