Yibin Paper Industry 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	239.22	123.38	87.16	133.32	153.28
Cash & Short-Term Investments	239.22	123.38	87.16	133.32	153.28
Cash Growth	93.88%	41.55%	-34.62%	-13.02%	-52.43%
Accounts Receivable	159.52	76.94	104.7	47.39	126.65
Other Receivables	1.84	193.29	159.06	3.13	0.74
Receivables	161.35	270.24	263.76	50.51	127.38
Inventory	606.85	519.59	683.81	440.3	345.03
Prepaid Expenses	-	0.78	1.69	0.44	0.73
Other Current Assets	16.08	15.07	19.79	85.58	33.45
Total Current Assets	1,023	929.06	1,056	710.14	659.88
Property, Plant & Equipment	2,243	2,172	2,306	2,010	2,156
Long-Term Investments	39.48	39.26	40.4	36.31	11.75
Other Intangible Assets	226.79	207.13	212.86	76.31	78.8
Long-Term Deferred Tax Assets	2.79	1.05	1.84	2.9	-
Long-Term Deferred Charges	3.77	10.58	18.81	21.13	26.91
Other Long-Term Assets	4.14	10.13	1.24	0.12	0.12
Total Assets	3,544	3,369	3,637	2,857	2,934
Accounts Payable	717.26	441.27	477.73	326.49	254.05
Accrued Expenses	75.9	75.8	72.05	41.38	44.67
Short-Term Debt	219.19	80.04	72.05	55.06	1,089
Current Portion of Long-Term Debt	66.38	1.4	1,333	1.94	753.23
Current Portion of Leases	-	-	3.62	3.68	3.77
Current Income Taxes Payable	11.83	12.64	0.28	1.99	0.17
Current Unearned Revenue	29.94	44.11	25.61	78.92	44.95
Other Current Liabilities	53.5	568.21	1,009	59.7	66.79
Total Current Liabilities	1,174	1,223	2,993	569.15	2,257
Long-Term Debt	1,624	1,578	13.5	1,582	-
Long-Term Leases	0.67	-	3.74	7.9	11.33
Long-Term Unearned Revenue	50.96	27.9	30.02	37.32	37.15
Long-Term Deferred Tax Liabilities	0.13	-	1.82	2.79	-
Other Long-Term Liabilities	208.16	260.16	-	-	0.28
Total Liabilities	3,057	3,089	3,043	2,199	2,305
Common Stock	176.9	176.9	176.9	176.9	176.9
Additional Paid-In Capital	296.01	295.48	534.82	400.81	400.81
Retained Earnings	-228.68	-256.02	-127.6	80.31	50.61
Comprehensive Income & Other	7.34	4.67	5.69	-	-
Total Common Equity	251.57	221.02	589.81	658.02	628.33
Minority Interest	234.83	58.91	4.88	-	-
Shareholders' Equity	486.4	279.93	594.69	658.02	628.33
Total Liabilities & Equity	3,544	3,369	3,637	2,857	2,934
Total Debt	1,910	1,659	1,426	1,651	1,857
Net Cash (Debt)	-1,671	-1,536	-1,339	-1,517	-1,704
Net Cash Per Share	-9.44	-8.68	-7.57	-8.58	-9.63
Filing Date Shares Outstanding	177.25	176.9	176.9	176.9	176.9
Total Common Shares Outstanding	177.25	176.9	176.9	176.9	176.9
Working Capital	-150.49	-294.41	-1,937	140.99	-1,597
Book Value Per Share	1.42	1.25	3.33	3.72	3.55
Tangible Book Value	24.78	13.89	376.95	581.71	549.52
Tangible Book Value Per Share	0.14	0.08	2.13	3.29	3.11
Buildings	-	1,265	1,252	855	793.71
Machinery	-	3,295	3,203	2,009	2,051
Construction In Progress	-	6.28	5.09	3.92	15.04

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