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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	382.47	607.17	657.6	301.5	216.13	208.17
Trading Asset Securities	607.63	341.89	-	-	-	-
Cash & Short-Term Investments	990.1	949.06	657.6	301.5	216.13	208.17
Cash Growth	40.78%	44.32%	118.11%	39.50%	3.82%	66.01%
Accounts Receivable	600.74	648.94	913.35	1,350	1,038	537.21
Other Receivables	4.64	4.04	4.1	2.29	1.92	2.39
Receivables	605.37	652.98	917.45	1,353	1,040	539.6
Inventory	262.77	209.18	215.4	368.41	626.69	193.83
Other Current Assets	42.17	43.6	52.18	50.93	97.75	39.83
Total Current Assets	1,900	1,855	1,843	2,073	1,980	981.44
Property, Plant & Equipment	437.54	455.26	573.2	559.2	434.12	321.75
Other Intangible Assets	24.2	24.77	25.92	25.64	26.03	24.91
Long-Term Deferred Tax Assets	48.61	53.26	55.93	42.31	18.13	5.46
Long-Term Deferred Charges	6.12	14.89	23.14	19.67	6.2	3.97
Other Long-Term Assets	3.63	0.64	3.77	20.04	29	28.38
Total Assets	2,423	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	182.96	263.76	232.01	122.66	202.69	74.03
Accrued Expenses	32.77	34.53	36.62	31.15	25.73	24.93
Short-Term Debt	348.38	230.64	188.73	338.13	505.23	187.2
Current Portion of Long-Term Debt	7.24	62.51	25.38	52.94	10	10
Current Portion of Leases	5.85	5.93	5.95	0.37	0.91	2.36
Current Income Taxes Payable	2.78	3.19	4.93	2.48	3.5	2.92
Current Unearned Revenue	13.89	17.63	10.9	35.29	20.65	15.51
Other Current Liabilities	50.18	50.13	111.08	183.11	320.49	224.25
Total Current Liabilities	644.05	668.3	615.59	766.13	1,089	541.2
Long-Term Debt	25.31	28.93	318.42	630.66	47.91	55.15
Long-Term Leases	8.92	0.94	6.11	1.51	-	0.91
Long-Term Unearned Revenue	19.66	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	698	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	Jun 30, 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	366.95	322.4	437.32	420.39	544.02	505.97
Treasury Stock	-	-	-11.91	-25.95	-43.67	-
Comprehensive Income & Other	6.17	8.66	33.73	79.78	-	-
Shareholders' Equity	1,725	1,683	1,560	1,316	1,326	755.28
Total Liabilities & Equity	2,423	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	395.71	328.94	544.59	1,024	564.05	255.63
Net Cash (Debt)	594.39	620.13	113.02	-722.1	-347.91	-47.46
Net Cash Growth	289.76%	448.70%	-	-	-	-
Net Cash Per Share	3.80	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	1,256	1,187	1,227	1,307	890.91	440.24
Book Value Per Share	10.68	10.42	10.65	10.70	10.15	7.82
Tangible Book Value	1,701	1,659	1,534	1,290	1,300	730.37
Tangible Book Value Per Share	10.53	10.26	10.47	10.49	9.95	7.56
Buildings	239.77	239.77	239.77	232.94	178.17	169.72
Machinery	568.93	569.2	596.46	467.11	364.56	236.38
Construction In Progress	9.5	1.6	1.62	62.39	45.93	30.35

Data Source: S&P Global Market Intelligence Last updated: Aug 20, 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:

Sep 16, 2026

Data Sources Report a data error