Western Region Gold 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	1,881	1,603	1,181	719.82	686.74	591.09
Cash & Short-Term Investments	1,881	1,603	1,181	719.82	686.74	591.09
Cash Growth	97.02%	35.75%	64.04%	4.82%	16.18%	13.46%
Accounts Receivable	357.43	432.45	908.16	682.63	499.39	458.37
Other Receivables	880.32	914.77	64.16	22.87	14.37	14.01
Receivables	1,238	1,347	972.31	705.5	513.76	472.38
Inventory	2,005	1,923	839.63	613.71	509.29	590.34
Prepaid Expenses	-	-	-	-	3.25	0.36
Other Current Assets	1,166	578.4	251.22	262.43	31.77	121.39
Total Current Assets	6,290	5,452	3,244	2,301	1,745	1,776
Property, Plant & Equipment	3,952	3,878	2,881	2,153	2,242	2,102
Long-Term Investments	-	-	0.23	1.84	35.73	31.52
Goodwill	377.26	380.29	423.92	147.97	158.7	99.24
Other Intangible Assets	4,035	4,049	4,160	1,655	1,730	1,519
Long-Term Deferred Tax Assets	210.09	217.21	146.95	120.75	80.54	58.98
Long-Term Deferred Charges	369.89	368.17	358.62	361.06	321.34	313.52
Other Long-Term Assets	26.61	22.44	136.94	3.25	13.3	22.49
Total Assets	15,261	14,367	11,352	6,744	6,326	5,922
Accounts Payable	602.58	973.31	875.7	345.12	283.43	263.13
Accrued Expenses	286.09	94.86	85	56.51	84.65	92.19
Short-Term Debt	3,036	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	13.85	21.52	79.28	3.8	11.08	3.71
Other Current Liabilities	993.37	440.83	512.68	384.24	382.77	605.25
Total Current Liabilities	4,932	4,585	2,128	1,284	914.1	1,358
Long-Term Debt	3,493	3,471	1,578	303	-	135
Long-Term Leases	7.36	7.36	8.72	9.92	-	-
Long-Term Unearned Revenue	30.23	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	483.45	491.24	540.16	221.06	236.26	186.35
Other Long-Term Liabilities	1,058	173.54	143.81	114.83	106.16	262.73
Total Liabilities	10,005	9,636	5,391	2,361	1,513	2,038
Common Stock	911	911	917.68	922.85	922.85	642.66
Additional Paid-In Capital	2,486	2,486	4,222	2,795	2,901	1,548
Retained Earnings	1,845	1,323	896.18	696.69	1,024	1,045
Treasury Stock	-	-	-	-35.5	-35.5	-45.78
Comprehensive Income & Other	14.3	11.53	-76.8	2.58	0.9	2.27
Total Common Equity	5,257	4,731	5,959	4,382	4,813	3,192
Minority Interest	-	-	1.31	1.7	-0	691.49
Shareholders' Equity	5,257	4,731	5,960	4,383	4,813	3,883
Total Liabilities & Equity	15,261	14,367	11,352	6,744	6,326	5,922
Total Debt	6,537	6,341	2,114	781.62	130	465
Net Cash (Debt)	-4,655	-4,738	-933.63	-61.8	556.74	126.09
Net Cash Growth	-	-	-	-	341.56%	-64.08%
Net Cash Per Share	-5.10	-5.18	-1.01	-0.07	0.68	0.16
Filing Date Shares Outstanding	911.05	911	917.68	922.85	922.85	642.66
Total Common Shares Outstanding	911.05	911	917.68	922.85	925.43	642.66
Working Capital	1,359	866.87	1,116	1,018	830.71	417.35
Book Value Per Share	5.77	5.19	6.49	4.75	5.20	4.97
Tangible Book Value	844.4	301.91	1,375	2,579	2,925	1,574
Tangible Book Value Per Share	0.93	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.