Liuzhou Iron&Steel 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	3,689	3,204	5,140	6,744	8,762	4,196
Cash & Short-Term Investments	3,689	3,204	5,140	6,744	8,762	4,196
Cash Growth	-29.83%	-37.66%	-23.78%	-23.02%	108.82%	-1.17%
Accounts Receivable	2,702	1,801	1,337	2,741	5,545	3,635
Other Receivables	147.93	137.31	148.64	162.25	177.83	232.67
Receivables	2,850	1,938	1,485	2,903	5,723	3,867
Inventory	5,738	5,447	6,377	9,336	8,398	16,478
Other Current Assets	542.08	422.27	706.59	782.5	422.47	3,166
Total Current Assets	12,820	11,011	13,709	19,766	23,305	27,707
Property, Plant & Equipment	47,310	47,716	48,178	45,967	45,815	43,098
Long-Term Investments	46.6	46.51	5.7	5.89	5.45	6.87
Other Intangible Assets	1,520	1,535	1,523	1,418	1,306	1,338
Long-Term Deferred Tax Assets	886.79	886.79	1,077	1,084	889.3	214.57
Other Long-Term Assets	179.57	180.05	183.95	334.22	91.61	167.23
Total Assets	62,762	61,375	64,676	68,575	71,412	72,533
Accounts Payable	9,091	8,901	10,147	11,972	14,880	13,986
Accrued Expenses	210.99	208.52	202.55	268.1	271.8	456.52
Short-Term Debt	2,310	1,594	1,978	3,035	2,394	5,979
Current Portion of Long-Term Debt	-	4,812	8,216	6,872	6,396	3,609
Current Portion of Leases	-	-	35.45	35.45	10.69	26.75
Current Income Taxes Payable	121.32	62.43	-	-	-	-
Current Unearned Revenue	1,216	1,383	1,576	1,779	1,550	1,872
Other Current Liabilities	6,254	2,086	1,524	1,837	1,637	3,024
Total Current Liabilities	19,204	19,047	23,679	25,798	27,140	28,953
Long-Term Debt	19,929	19,076	19,962	21,159	21,359	16,709
Long-Term Leases	0.27	0.27	0.35	35.81	21.74	32.55
Long-Term Unearned Revenue	400.68	341.4	154.22	156.21	167.8	119.05
Long-Term Deferred Tax Liabilities	137.38	137.38	146.65	155.92	161.42	176.71
Other Long-Term Liabilities	103.39	343.61	66.67	1.78	-	-
Total Liabilities	39,775	38,945	44,009	47,307	48,850	45,990
Common Stock	2,634	2,563	2,563	2,563	2,563	2,563
Additional Paid-In Capital	381.59	119.35	120.93	120.93	120.93	88.32
Retained Earnings	6,370	6,347	5,676	6,108	7,121	9,914
Comprehensive Income & Other	5.71	7.75	13.29	19	10.36	4.83
Total Common Equity	9,392	9,037	8,373	8,811	9,815	12,570
Minority Interest	13,596	13,394	12,295	12,457	12,748	13,973
Shareholders' Equity	22,987	22,430	20,668	21,268	22,562	26,543
Total Liabilities & Equity	62,762	61,375	64,676	68,575	71,412	72,533
Total Debt	22,240	25,482	30,192	31,137	30,182	26,356
Net Cash (Debt)	-18,551	-22,278	-25,051	-24,393	-21,421	-22,160
Net Cash Per Share	-7.36	-8.63	-9.84	-9.40	-8.32	-8.58
Filing Date Shares Outstanding	2,358	2,715	2,563	2,563	2,563	2,563
Total Common Shares Outstanding	2,358	2,715	2,563	2,563	2,563	2,563
Working Capital	-6,385	-8,036	-9,970	-6,032	-3,835	-1,246
Book Value Per Share	3.98	3.33	3.27	3.44	3.83	4.90
Tangible Book Value	7,872	7,501	6,850	7,393	8,509	11,231
Tangible Book Value Per Share	3.34	2.76	2.67	2.88	3.32	4.38
Buildings	-	-	30,971	25,288	24,680	22,826
Machinery	-	-	32,118	29,497	28,650	26,562
Construction In Progress	-	-	5,551	9,307	8,295	7,340

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