Western Region Gold 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	1,603	1,181	719.82	686.74	591.09
Cash & Short-Term Investments	1,603	1,181	719.82	686.74	591.09
Cash Growth	35.75%	64.04%	4.82%	16.18%	13.46%
Accounts Receivable	432.45	908.16	682.63	499.39	458.37
Other Receivables	914.77	64.16	22.87	14.37	14.01
Receivables	1,347	972.31	705.5	513.76	472.38
Inventory	1,923	839.63	613.71	509.29	590.34
Prepaid Expenses	-	-	-	3.25	0.36
Other Current Assets	578.4	251.22	262.43	31.77	121.39
Total Current Assets	5,452	3,244	2,301	1,745	1,776
Property, Plant & Equipment	3,878	2,881	2,153	2,242	2,102
Long-Term Investments	-	0.23	1.84	35.73	31.52
Goodwill	380.29	423.92	147.97	158.7	99.24
Other Intangible Assets	4,049	4,160	1,655	1,730	1,519
Long-Term Deferred Tax Assets	217.21	146.95	120.75	80.54	58.98
Long-Term Deferred Charges	368.17	358.62	361.06	321.34	313.52
Other Long-Term Assets	22.44	136.94	3.25	13.3	22.49
Total Assets	14,367	11,352	6,744	6,326	5,922
Accounts Payable	973.31	875.7	345.12	283.43	263.13
Accrued Expenses	94.86	85	56.51	84.65	92.19
Short-Term Debt	2,618	421.74	450.4	130	320
Current Portion of Long-Term Debt	242.16	104.4	17.27	-	10
Current Portion of Leases	1.36	1.31	1.03	-	-
Current Income Taxes Payable	192.55	47.7	25.53	22.17	63.93
Current Unearned Revenue	21.52	79.28	3.8	11.08	3.71
Other Current Liabilities	440.83	512.68	384.24	382.77	605.25
Total Current Liabilities	4,585	2,128	1,284	914.1	1,358
Long-Term Debt	3,471	1,578	303	-	135
Long-Term Leases	7.36	8.72	9.92	-	-
Long-Term Unearned Revenue	844.25	917.5	348.05	192.13	36.3
Pension & Post-Retirement Benefits	63.02	75.17	79.91	64.49	59.89
Long-Term Deferred Tax Liabilities	491.24	540.16	221.06	236.26	186.35
Other Long-Term Liabilities	173.54	143.81	114.83	106.16	262.73
Total Liabilities	9,636	5,391	2,361	1,513	2,038
Common Stock	911	917.68	922.85	922.85	642.66
Additional Paid-In Capital	2,486	4,222	2,795	2,901	1,548
Retained Earnings	1,323	896.18	696.69	1,024	1,045
Treasury Stock	-	-	-35.5	-35.5	-45.78
Comprehensive Income & Other	11.53	-76.8	2.58	0.9	2.27
Total Common Equity	4,731	5,959	4,382	4,813	3,192
Minority Interest	-	1.31	1.7	-0	691.49
Shareholders' Equity	4,731	5,960	4,383	4,813	3,883
Total Liabilities & Equity	14,367	11,352	6,744	6,326	5,922
Total Debt	6,341	2,114	781.62	130	465
Net Cash (Debt)	-4,738	-933.63	-61.8	556.74	126.09
Net Cash Growth	-	-	-	341.56%	-64.08%
Net Cash Per Share	-5.18	-1.01	-0.07	0.68	0.16
Filing Date Shares Outstanding	911	917.68	922.85	922.85	642.66
Total Common Shares Outstanding	911	917.68	922.85	925.43	642.66
Working Capital	866.87	1,116	1,018	830.71	417.35
Book Value Per Share	5.19	6.49	4.75	5.20	4.97
Tangible Book Value	301.91	1,375	2,579	2,925	1,574
Tangible Book Value Per Share	0.33	1.50	2.79	3.16	2.45
Buildings	3,616	2,773	2,477	2,388	2,095
Machinery	1,778	1,542	1,360	1,292	1,177
Construction In Progress	969.88	819.2	198.87	253.75	269.73

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