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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	221.01	607.17	657.6	301.5	216.13	208.17
Trading Asset Securities	710.66	341.89	-	-	-	-
Cash & Short-Term Investments	931.67	949.06	657.6	301.5	216.13	208.17
Cash Growth	30.81%	44.32%	118.11%	39.50%	3.82%	66.01%
Accounts Receivable	504.23	648.94	913.35	1,350	1,038	537.21
Other Receivables	118.59	4.04	4.1	2.29	1.92	2.39
Receivables	622.82	652.98	917.45	1,353	1,040	539.6
Inventory	219.39	209.18	215.4	368.41	626.69	193.83
Other Current Assets	69.6	43.6	52.18	50.93	97.75	39.83
Total Current Assets	1,843	1,855	1,843	2,073	1,980	981.44
Property, Plant & Equipment	437.76	455.26	573.2	559.2	434.12	321.75
Other Intangible Assets	24.49	24.77	25.92	25.64	26.03	24.91
Long-Term Deferred Tax Assets	51.68	53.26	55.93	42.31	18.13	5.46
Long-Term Deferred Charges	12.77	14.89	23.14	19.67	6.2	3.97
Other Long-Term Assets	1.46	0.64	3.77	20.04	29	28.38
Total Assets	2,375	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	190.69	263.76	232.01	122.66	202.69	74.03
Accrued Expenses	7.65	34.53	36.62	31.15	25.73	24.93
Short-Term Debt	291.66	230.64	188.73	338.13	505.23	187.2
Current Portion of Long-Term Debt	65.41	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	6.38	3.19	4.93	2.48	3.5	2.92
Current Unearned Revenue	22.08	17.63	10.9	35.29	20.65	15.51
Other Current Liabilities	39.8	50.13	111.08	183.11	320.49	224.25
Total Current Liabilities	623.66	668.3	615.59	766.13	1,089	541.2
Long-Term Debt	27.12	28.93	318.42	630.66	47.91	55.15
Long-Term Leases	0.85	0.94	6.11	1.51	-	0.91
Long-Term Unearned Revenue	20.69	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	672.38	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	161.63	161.63	104.62	93.32	93.32	69.01
Additional Paid-In Capital	1,191	1,191	996.04	748.04	732.5	180.3
Retained Earnings	342.39	322.4	437.32	420.39	544.02	505.97
Treasury Stock	-	-	-11.91	-25.95	-43.67	-
Comprehensive Income & Other	7.49	8.66	33.73	79.78	-	-
Shareholders' Equity	1,702	1,683	1,560	1,316	1,326	755.28
Total Liabilities & Equity	2,375	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	385.03	328.94	544.59	1,024	564.05	255.63
Net Cash (Debt)	546.64	620.13	113.02	-722.1	-347.91	-47.46
Net Cash Growth	216.13%	448.70%	-	-	-	-
Net Cash Per Share	3.51	4.15	0.80	-5.62	-2.89	-0.49
Filing Date Shares Outstanding	161.63	161.63	146.47	122.97	130.65	96.61
Total Common Shares Outstanding	161.63	161.63	146.47	122.97	130.65	96.61
Working Capital	1,220	1,187	1,227	1,307	890.91	440.24
Book Value Per Share	10.53	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	10.38	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: Mar 31, 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:

Aug 1, 2026

Data Sources Report a data error