Xiamen Tungsten 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	5,211	3,971	6,984	2,851	2,172	1,551
Short-Term Investments	-	167.13	-	50.62	-	415.8
Trading Asset Securities	1,218	1,879	502.77	504.16	450.23	200.54
Cash & Short-Term Investments	6,429	6,017	7,487	3,406	2,622	2,167
Cash Growth	0.45%	-19.62%	119.81%	29.89%	21.00%	85.52%
Accounts Receivable	10,877	10,696	7,564	7,744	9,510	6,276
Other Receivables	178.19	118.68	183.31	186.2	1,098	537.78
Receivables	11,055	10,815	7,747	7,930	10,608	6,814
Inventory	19,731	14,602	8,455	7,419	8,707	8,077
Prepaid Expenses	1,232	-	-	0.01	5.82	-
Other Current Assets	1,577	1,345	698.99	1,314	609.42	658.35
Total Current Assets	40,024	32,780	24,387	20,069	22,553	17,716
Property, Plant & Equipment	16,400	16,226	15,026	12,857	11,273	9,803
Long-Term Investments	3,657	3,447	3,310	3,333	2,864	2,189
Goodwill	30.44	30.44	30.44	13.92	17.4	17.4
Other Intangible Assets	1,980	1,999	1,792	1,656	1,572	1,568
Long-Term Accounts Receivable	-	5.11	6.93	-	40.06	-
Long-Term Deferred Tax Assets	1,335	1,028	893	838.53	791.85	763.1
Long-Term Deferred Charges	266.02	272.94	241.84	123.83	147	153.88
Other Long-Term Assets	236.23	279.22	514.28	381.35	553.51	692.85
Total Assets	63,928	56,067	46,201	39,273	39,811	32,902
Accounts Payable	16,459	14,009	5,922	2,002	6,411	2,265
Accrued Expenses	210	404.88	206.75	226.13	259	290.92
Short-Term Debt	10,612	4,412	2,610	4,923	5,029	10,124
Current Portion of Long-Term Debt	1,606	4,019	3,302	1,134	1,227	703
Current Portion of Leases	-	35.48	28.64	21.11	18.9	20.63
Current Income Taxes Payable	967.76	332.03	125.34	139.44	179.75	148.88
Current Unearned Revenue	727.96	571.85	451.16	696.77	546.38	138.28
Other Current Liabilities	1,004	1,854	1,904	1,757	1,915	1,441
Total Current Liabilities	31,586	25,638	14,549	10,899	15,585	15,132
Long-Term Debt	3,081	2,866	6,078	8,665	7,571	4,122
Long-Term Leases	44.04	50.03	53.65	93.2	53.71	40.19
Long-Term Unearned Revenue	516.38	509.24	452.64	352.21	322.14	328.87
Pension & Post-Retirement Benefits	17.64	21.94	27.16	28.92	-	-
Long-Term Deferred Tax Liabilities	95.94	96.67	64.44	67.84	58.13	41.91
Other Long-Term Liabilities	214.02	202	202.13	95.44	160.64	182.37
Total Liabilities	35,555	29,384	21,427	20,201	23,751	19,848
Common Stock	1,588	1,588	1,588	1,418	1,418	1,418
Additional Paid-In Capital	6,651	6,651	6,641	3,313	3,277	3,740
Retained Earnings	9,883	8,776	7,425	6,339	5,224	4,147
Treasury Stock	-	-	-0.58	-19.43	-50.1	-90.12
Comprehensive Income & Other	179.02	187.42	175.11	161.5	120.61	72.57
Total Common Equity	18,300	17,202	15,829	11,212	9,991	9,287
Minority Interest	10,073	9,481	8,945	7,859	6,070	3,767
Shareholders' Equity	28,373	26,683	24,774	19,071	16,060	13,055
Total Liabilities & Equity	63,928	56,067	46,201	39,273	39,811	32,902
Total Debt	15,342	11,383	12,071	14,836	13,899	15,011
Net Cash (Debt)	-8,913	-5,365	-4,585	-11,430	-11,277	-12,844
Net Cash Per Share	-5.61	-3.38	-3.21	-8.10	-8.02	-9.13
Filing Date Shares Outstanding	1,588	1,588	1,588	1,418	1,418	1,418
Total Common Shares Outstanding	1,588	1,588	1,588	1,418	1,418	1,418
Working Capital	8,438	7,141	9,838	9,171	6,968	2,584
Book Value Per Share	11.53	10.84	9.97	7.91	7.04	6.55
Tangible Book Value	16,290	15,173	14,006	9,542	8,402	7,702
Tangible Book Value Per Share	10.26	9.56	8.82	6.73	5.92	5.43
Land	-	82.61	67.67	39.56	38.42	36.47
Buildings	-	8,377	6,907	5,462	5,282	4,599
Machinery	-	15,348	13,217	11,871	11,038	9,357
Construction In Progress	-	1,677	2,989	2,665	1,281	1,451

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