Guangzhou Lushan New Materials Co., Ltd. (SHA:603051)

SHA:603051 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	248.36	607.17	657.6	301.5	216.13	208.17
Trading Asset Securities	725.8	341.89	-	-	-	-
Cash & Short-Term Investments	974.16	949.06	657.6	301.5	216.13	208.17
Cash Growth	15.63%	44.32%	118.11%	39.50%	3.82%	66.01%
Accounts Receivable	573.03	648.94	913.35	1,350	1,038	537.21
Other Receivables	5.16	4.04	4.1	2.29	1.92	2.39
Receivables	578.18	652.98	917.45	1,353	1,040	539.6
Inventory	220.17	209.18	215.4	368.41	626.69	193.83
Other Current Assets	52.15	43.6	52.18	50.93	97.75	39.83
Total Current Assets	1,825	1,855	1,843	2,073	1,980	981.44
Property, Plant & Equipment	429.17	455.26	573.2	559.2	434.12	321.75
Other Intangible Assets	23.92	24.77	25.92	25.64	26.03	24.91
Long-Term Deferred Tax Assets	47.51	53.26	55.93	42.31	18.13	5.46
Long-Term Deferred Charges	5.34	14.89	23.14	19.67	6.2	3.97
Other Long-Term Assets	3.33	0.64	3.77	20.04	29	28.38
Total Assets	2,339	2,404	2,525	2,740	2,494	1,366

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	138.42	263.76	232.01	122.66	202.69	74.03
Accrued Expenses	8.63	34.53	36.62	31.15	25.73	24.93
Short-Term Debt	325.67	230.64	188.73	338.13	505.23	187.2
Current Portion of Long-Term Debt	12.16	62.51	25.38	52.94	10	10
Current Portion of Leases	-	5.93	5.95	0.37	0.91	2.36
Current Income Taxes Payable	4.63	3.19	4.93	2.48	3.5	2.92
Current Unearned Revenue	9.19	17.63	10.9	35.29	20.65	15.51
Other Current Liabilities	53.11	50.13	111.08	183.11	320.49	224.25
Total Current Liabilities	551.81	668.3	615.59	766.13	1,089	541.2
Long-Term Debt	59.49	28.93	318.42	630.66	47.91	55.15
Long-Term Leases	7.68	0.94	6.11	1.51	-	0.91
Long-Term Unearned Revenue	18.66	21.99	23.47	26.4	30.3	13.36
Long-Term Deferred Tax Liabilities	-	-	1.19	-	-	-
Other Long-Term Liabilities	0.06	0.06	-	-	-	-
Total Liabilities	637.71	720.22	964.79	1,425	1,167	610.62

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	162.83	161.63	104.62	93.32	93.32	69.01
Additional Paid-In Capital	1,206	1,191	996.04	748.04	732.5	180.3
Retained Earnings	384.33	322.4	437.32	420.39	544.02	505.97
Treasury Stock	-56	-	-11.91	-25.95	-43.67	-
Comprehensive Income & Other	4.85	8.66	33.73	79.78	-	-
Shareholders' Equity	1,702	1,683	1,560	1,316	1,326	755.28
Total Liabilities & Equity	2,339	2,404	2,525	2,740	2,494	1,366

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	405	328.94	544.59	1,024	564.05	255.63
Net Cash (Debt)	569.15	620.13	113.02	-722.1	-347.91	-47.46
Net Cash Growth	74.63%	448.70%	-	-	-	-
Net Cash Per Share	3.47	4.15	0.80	-5.62	-2.89	-0.49
Filing Date Shares Outstanding	170.7	161.63	146.47	122.97	130.65	96.61
Total Common Shares Outstanding	170.7	161.63	146.47	122.97	130.65	96.61
Working Capital	1,273	1,187	1,227	1,307	890.91	440.24
Book Value Per Share	9.97	10.42	10.65	10.70	10.15	7.82
Tangible Book Value	1,678	1,659	1,534	1,290	1,300	730.37
Tangible Book Value Per Share	9.83	10.26	10.47	10.49	9.95	7.56
Buildings	-	239.77	239.77	232.94	178.17	169.72
Machinery	-	569.2	596.46	467.11	364.56	236.38
Construction In Progress	-	1.6	1.62	62.39	45.93	30.35

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 2, 2026

Data Sources Report a data error