Xiamen Tungsten 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	-	6,974	2,851	2,172	1,551
Short-Term Investments	-	-	50.62	-	415.8
Trading Asset Securities	-	502.77	504.16	450.23	200.54
Cash & Short-Term Investments	6,691	7,477	3,406	2,622	2,167
Cash Growth	-10.52%	119.53%	29.89%	21.00%	85.52%
Accounts Receivable	-	7,494	7,744	9,510	6,276
Other Receivables	-	103.71	186.2	1,098	537.78
Receivables	-	7,598	7,930	10,608	6,814
Inventory	-	8,383	7,419	8,707	8,077
Prepaid Expenses	-	0.01	0.01	5.82	-
Other Current Assets	-	694.2	1,314	609.42	658.35
Total Current Assets	-	24,153	20,069	22,553	17,716
Property, Plant & Equipment	-	14,580	12,857	11,273	9,803
Long-Term Investments	-	3,687	3,333	2,864	2,189
Goodwill	-	13.92	13.92	17.4	17.4
Other Intangible Assets	-	1,676	1,656	1,572	1,568
Long-Term Accounts Receivable	-	6.93	-	40.06	-
Long-Term Deferred Tax Assets	-	808.87	838.53	791.85	763.1
Long-Term Deferred Charges	-	224.77	123.83	147	153.88
Other Long-Term Assets	-	312.88	381.35	553.51	692.85
Total Assets	-	45,464	39,273	39,811	32,902
Accounts Payable	-	3,193	2,002	6,411	2,265
Accrued Expenses	-	182.93	214.55	259	290.92
Short-Term Debt	-	5,244	4,923	5,029	10,124
Current Portion of Long-Term Debt	-	3,264	1,134	1,227	703
Current Portion of Leases	-	32.98	21.11	18.9	20.63
Current Income Taxes Payable	-	125.34	139.44	179.75	148.88
Current Unearned Revenue	-	445.4	696.77	546.38	138.28
Other Current Liabilities	-	1,881	1,768	1,915	1,441
Total Current Liabilities	-	14,370	10,899	15,585	15,132
Long-Term Debt	-	5,902	8,665	7,571	4,122
Long-Term Leases	-	86.81	93.2	53.71	40.19
Long-Term Unearned Revenue	-	428.59	330.61	322.14	328.87
Pension & Post-Retirement Benefits	-	27.16	28.92	-	-
Long-Term Deferred Tax Liabilities	-	71.81	67.84	58.13	41.91
Other Long-Term Liabilities	-	226.04	117.04	160.64	182.37
Total Liabilities	-	21,113	20,201	23,751	19,848
Common Stock	-	1,588	1,418	1,418	1,418
Additional Paid-In Capital	-	6,644	3,313	3,277	3,740
Retained Earnings	-	7,499	6,339	5,224	4,147
Treasury Stock	-	-0.58	-19.43	-50.1	-90.12
Comprehensive Income & Other	-	172.31	161.5	120.61	72.57
Total Common Equity	16,782	15,903	11,212	9,991	9,287
Minority Interest	-	8,448	7,859	6,070	3,767
Shareholders' Equity	25,574	24,351	19,071	16,060	13,055
Total Liabilities & Equity	-	45,464	39,273	39,811	32,902
Total Debt	11,604	14,531	14,836	13,899	15,011
Net Cash (Debt)	-4,914	-7,054	-11,430	-11,277	-12,844
Net Cash Per Share	-3.09	-4.94	-8.10	-8.02	-9.13
Filing Date Shares Outstanding	1,588	1,588	1,418	1,418	1,418
Total Common Shares Outstanding	1,588	1,588	1,418	1,418	1,418
Working Capital	-	9,783	9,171	6,968	2,584
Book Value Per Share	10.57	10.02	7.91	7.04	6.55
Tangible Book Value	15,076	14,212	9,542	8,402	7,702
Tangible Book Value Per Share	9.50	8.95	6.73	5.92	5.43
Land	-	67.67	39.56	38.42	36.47
Buildings	-	6,697	5,462	5,282	4,599
Machinery	-	13,015	11,871	11,038	9,357
Construction In Progress	-	2,851	2,665	1,281	1,451

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