Western 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	6,725	9,203	4,116	5,436	6,527	6,355
Short-Term Investments	-	23.41	60.19	-	-	49.79
Trading Asset Securities	1,000	218.42	280.17	13.17	1.35	813.35
Cash & Short-Term Investments	7,725	9,445	4,456	5,449	6,529	7,218
Cash Growth	16.27%	111.95%	-18.21%	-16.54%	-9.55%	10.72%
Accounts Receivable	817.71	602.07	408.23	792.63	1,498	1,016
Other Receivables	195.43	247.21	867.67	250.72	173.15	271.12
Receivables	2,750	3,717	3,300	2,623	5,154	3,609
Inventory	5,548	5,148	5,113	3,162	3,524	3,201
Other Current Assets	1,958	952.35	437.6	175.08	330.14	520.38
Total Current Assets	17,981	19,263	13,307	11,410	15,536	14,549
Property, Plant & Equipment	27,393	27,909	28,039	25,809	25,280	24,632
Long-Term Investments	5,566	5,488	5,421	5,549	5,044	1,984
Goodwill	15.71	15.71	15.71	15.71	15.71	15.71
Other Intangible Assets	14,511	5,969	6,141	6,421	6,212	5,937
Long-Term Deferred Tax Assets	327.08	377.17	571.79	603.94	645.1	666.93
Long-Term Deferred Charges	-	-	-	-	42.53	29.41
Other Long-Term Assets	89.16	117.88	71.23	216.6	335.2	391.07
Total Assets	66,819	59,417	54,940	52,067	53,540	49,948
Accounts Payable	3,081	3,146	3,338	2,915	3,806	2,921
Accrued Expenses	140.18	477.47	444.87	324.5	319.27	218.76
Short-Term Debt	2,719	2,614	3,208	5,667	6,487	8,116
Current Portion of Long-Term Debt	4,144	4,705	2,489	2,539	3,436	2,782
Current Portion of Leases	-	16.51	15.2	194.17	247.58	310.41
Current Income Taxes Payable	712.3	70.29	128.73	98.17	141.23	220.89
Current Unearned Revenue	2,180	796.42	611.79	226.26	427.74	191.76
Other Current Liabilities	3,457	3,670	4,034	3,385	5,136	2,664
Total Current Liabilities	16,433	15,496	14,269	15,349	20,002	17,425
Long-Term Debt	20,677	16,668	15,716	13,595	9,951	11,333
Long-Term Leases	69.34	248.09	258.5	1,009	1,108	1,344
Long-Term Unearned Revenue	356.9	353.32	353.28	303.38	293.41	306.74
Pension & Post-Retirement Benefits	-	1,040	1,060	819.28	793.45	-
Long-Term Deferred Tax Liabilities	222.06	226.14	223.73	237.94	250.76	256.4
Other Long-Term Liabilities	1,341	133.71	296.36	409.52	485.41	1,008
Total Liabilities	39,100	34,165	32,178	31,723	32,884	31,673
Common Stock	2,383	2,383	2,383	2,383	2,383	2,383
Additional Paid-In Capital	4,995	4,995	4,995	4,981	5,373	5,474
Retained Earnings	12,120	10,773	9,513	7,773	8,320	5,364
Comprehensive Income & Other	457.43	295.23	199.2	131.53	143.88	70.72
Total Common Equity	19,955	18,446	17,090	15,268	16,221	13,291
Minority Interest	7,764	6,806	5,672	5,075	4,436	4,983
Shareholders' Equity	27,719	25,251	22,762	20,344	20,656	18,274
Total Liabilities & Equity	66,819	59,417	54,940	52,067	53,540	49,948
Total Debt	27,609	24,251	21,687	23,004	21,230	23,886
Net Cash (Debt)	-19,883	-14,806	-17,231	-17,555	-14,702	-16,667
Net Cash Per Share	-8.36	-6.22	-7.23	-7.36	-6.15	-6.99
Filing Date Shares Outstanding	2,367	2,383	2,383	2,383	2,383	2,383
Total Common Shares Outstanding	2,367	2,383	2,383	2,383	2,383	2,383
Working Capital	1,548	3,767	-962	-3,939	-4,466	-2,876
Book Value Per Share	8.43	7.74	7.17	6.41	6.81	5.58
Tangible Book Value	5,429	12,461	10,933	8,831	9,993	7,338
Tangible Book Value Per Share	2.29	5.23	4.59	3.71	4.19	3.08
Buildings	-	7,163	6,922	5,142	5,128	3,483
Machinery	-	5,587	5,450	3,791	3,816	4,056
Construction In Progress	-	2,377	1,531	1,759	944.86	1,436

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