Xinjiang Baodi Mining 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	1,783	1,090	887.33	931.84	1,028	372.84
Trading Asset Securities	160.47	330.89	360.77	677.1	-	-
Cash & Short-Term Investments	1,943	1,421	1,248	1,609	1,028	372.84
Cash Growth	77.44%	13.84%	-22.43%	56.49%	175.75%	118.18%
Accounts Receivable	168.43	111.1	200.92	161.4	174.22	487.68
Other Receivables	15.62	83.12	87.83	55.89	48.76	48.77
Receivables	184.05	194.22	288.76	217.29	222.98	536.45
Inventory	193.92	136.77	168.96	67.62	105.39	183.55
Other Current Assets	103.3	7.3	17.57	30.59	26.3	13.68
Total Current Assets	2,425	1,759	1,723	1,924	1,383	1,107
Property, Plant & Equipment	2,549	1,941	1,571	1,039	424.03	1,044
Long-Term Investments	175.02	270.24	274.25	275.59	532.22	779.44
Goodwill	54.51	6.45	6.45	6.45	-	-
Other Intangible Assets	3,274	2,787	2,713	2,733	2,353	263.39
Long-Term Deferred Tax Assets	84.03	48.11	55.54	28.04	39.66	45.26
Long-Term Deferred Charges	493.18	255.21	104.6	50.31	0.57	2.31
Other Long-Term Assets	292.79	111.56	82.22	128.29	25.73	23.11
Total Assets	9,347	7,178	6,531	6,186	4,758	3,264
Accounts Payable	648.23	668.94	386.63	271.65	791.47	273.63
Accrued Expenses	72.48	74.91	55.47	54.79	38.76	64.51
Short-Term Debt	684.23	106.74	312.47	60.06	-	154.33
Current Portion of Long-Term Debt	210.65	56.25	-	10.18	240.36	10
Current Portion of Leases	-	3.7	1.33	1.33	0.45	0.42
Current Income Taxes Payable	32.21	21.35	0.72	0.5	0.17	0.64
Current Unearned Revenue	77.25	11.98	34.2	27.88	0.83	0.36
Other Current Liabilities	324.79	383.86	547.08	484.91	386.53	287.97
Total Current Liabilities	2,050	1,328	1,338	911.32	1,459	791.86
Long-Term Debt	683.9	671.61	100.04	190	260.91	190
Long-Term Leases	20.46	17.96	20.71	4.32	1.95	2.41
Long-Term Unearned Revenue	27.29	21.84	7.81	7.47	9.9	-
Long-Term Deferred Tax Liabilities	134.49	45.15	48.69	44.14	3.6	3.11
Other Long-Term Liabilities	1,138	1,012	1,149	1,280	576.53	293.54
Total Liabilities	4,054	3,096	2,664	2,437	2,311	1,281
Common Stock	984.24	800	800	800	600	600
Additional Paid-In Capital	2,327	1,357	1,357	1,359	744.12	713.45
Retained Earnings	1,013	975.76	865.43	855.84	771.63	571.51
Comprehensive Income & Other	52.15	39.05	24.01	29.36	11.7	12.49
Total Common Equity	4,376	3,172	3,046	3,044	2,127	1,897
Minority Interest	916.31	910.52	821.38	704.61	319.56	85.93
Shareholders' Equity	5,293	4,082	3,867	3,748	2,447	1,983
Total Liabilities & Equity	9,347	7,178	6,531	6,186	4,758	3,264
Total Debt	1,599	856.25	434.56	265.89	503.67	357.16
Net Cash (Debt)	344.19	564.6	813.54	1,343	524.45	15.68
Net Cash Growth	-41.07%	-30.60%	-39.43%	156.09%	3244.60%	-
Net Cash Per Share	0.43	0.72	1.00	1.80	0.86	0.03
Filing Date Shares Outstanding	879.98	984.24	800	800	600	600
Total Common Shares Outstanding	879.98	800	800	800	600	600
Working Capital	374.84	431.41	385.48	1,013	-75.76	314.66
Book Value Per Share	4.97	3.96	3.81	3.80	3.55	3.16
Tangible Book Value	1,048	378.29	326.13	303.93	-226	1,634
Tangible Book Value Per Share	1.19	0.47	0.41	0.38	-0.38	2.72
Buildings	-	1,433	1,145	899.41	861.33	797.89
Machinery	-	399.57	263.02	265.05	200.58	190.64
Construction In Progress	-	584.37	641.74	363.09	104.86	72.18

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