Guangdong Songfa Ceramics Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	7,215	2,372	18.08	25.83	28.99
Trading Asset Securities	9.51	-	-	-	4.14
Cash & Short-Term Investments	7,225	2,372	18.08	25.83	33.13
Cash Growth	204.62%	13018.55%	-30.00%	-22.04%	-37.24%
Accounts Receivable	10,498	2,517	88.8	111.34	158.05
Other Receivables	4.03	9.54	5.47	12.78	17.48
Receivables	10,502	2,527	94.27	124.12	175.53
Inventory	5,175	1,852	158.31	159.34	199.73
Other Current Assets	6,130	4,018	19.45	25.52	38.75
Total Current Assets	29,032	10,769	290.11	334.82	447.14
Property, Plant & Equipment	18,137	6,753	206.85	223.71	249.24
Long-Term Investments	-	-	-	-	0.28
Goodwill	-	-	-	12.41	52.79
Other Intangible Assets	1,840	1,291	37.34	49.2	53.52
Long-Term Deferred Tax Assets	46.48	54.16	28.37	26.16	22.15
Long-Term Deferred Charges	236.36	1.57	1.66	2.38	4.82
Other Long-Term Assets	100.01	573.68	1.15	2.09	3.85
Total Assets	49,392	19,443	565.48	650.78	833.8
Accounts Payable	7,443	4,454	42.7	47.51	49.81
Accrued Expenses	128.16	83.86	10.5	11.59	16.83
Short-Term Debt	12,718	5,717	357.56	298.02	280.81
Current Portion of Long-Term Debt	4,123	171.85	4.83	23.14	5.27
Current Portion of Leases	217.75	4.62	28.66	14.75	21.58
Current Income Taxes Payable	63.77	96.91	-	0.03	0.01
Current Unearned Revenue	5,354	1,222	4.35	3.83	5.25
Other Current Liabilities	1,792	921.87	6.25	6.39	33.46
Total Current Liabilities	31,840	12,672	454.85	405.25	413.01
Long-Term Debt	3,644	1,502	14.2	-	23.1
Long-Term Leases	2,612	1,509	10.82	22.67	4.01
Long-Term Unearned Revenue	1,776	458.1	5.52	7.93	6.54
Long-Term Deferred Tax Liabilities	-	3.83	4.88	4.6	5.2
Other Long-Term Liabilities	67.95	18.75	-	-	-
Total Liabilities	39,940	16,164	490.27	440.45	451.87
Common Stock	970.78	124.17	124.17	124.17	124.17
Additional Paid-In Capital	5,919	3,247	243.89	243.62	243.32
Retained Earnings	2,561	-87.49	-286.91	-169.91	0.65
Comprehensive Income & Other	1.23	-4.65	-5.94	-5.94	-5.94
Total Common Equity	9,452	3,279	75.21	191.94	362.21
Minority Interest	-	-	-	18.4	19.72
Shareholders' Equity	9,452	3,279	75.21	210.33	381.93
Total Liabilities & Equity	49,392	19,443	565.48	650.78	833.8
Total Debt	23,315	8,905	416.07	358.58	334.77
Net Cash (Debt)	-16,090	-6,533	-398	-332.75	-301.64
Net Cash Per Share	-17.94	-7.57	-3.20	-2.67	-2.43
Filing Date Shares Outstanding	970.78	124.17	124.17	124.17	124.17
Total Common Shares Outstanding	970.78	124.17	124.17	124.17	124.17
Working Capital	-2,807	-1,903	-164.74	-70.44	34.12
Book Value Per Share	9.74	26.41	0.61	1.55	2.92
Tangible Book Value	7,612	1,988	37.87	130.32	255.89
Tangible Book Value Per Share	7.84	16.01	0.30	1.05	2.06
Buildings	9,384	2,144	281.83	277.26	275.56
Machinery	6,225	2,244	163.51	169.93	170.09
Construction In Progress	1,519	2,782	0.56	1.06	4.67

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.