Guangdong Songfa Ceramics 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	9,267	7,215	2,372	18.08	25.83	28.99
Trading Asset Securities	15.49	9.51	-	-	-	4.14
Cash & Short-Term Investments	9,283	7,225	2,372	18.08	25.83	33.13
Cash Growth	64119.71%	204.62%	13018.55%	-30.00%	-22.04%	-37.24%
Accounts Receivable	12,316	10,498	2,517	88.8	111.34	158.05
Other Receivables	24.73	4.03	9.54	5.47	12.78	17.48
Receivables	12,341	10,502	2,527	94.27	124.12	175.53
Inventory	4,969	5,175	1,852	158.31	159.34	199.73
Other Current Assets	7,216	6,130	4,018	19.45	25.52	38.75
Total Current Assets	33,809	29,032	10,769	290.11	334.82	447.14
Property, Plant & Equipment	19,845	18,137	6,753	206.85	223.71	249.24
Long-Term Investments	-	-	-	-	-	0.28
Goodwill	-	-	-	-	12.41	52.79
Other Intangible Assets	2,609	1,840	1,291	37.34	49.2	53.52
Long-Term Deferred Tax Assets	74.79	46.48	54.16	28.37	26.16	22.15
Long-Term Deferred Charges	282.62	236.36	1.57	1.66	2.38	4.82
Other Long-Term Assets	357.62	100.01	573.68	1.15	2.09	3.85
Total Assets	56,978	49,392	19,443	565.48	650.78	833.8
Accounts Payable	9,454	7,443	4,454	42.7	47.51	49.81
Accrued Expenses	108.9	128.16	83.86	10.5	11.59	16.83
Short-Term Debt	6,755	12,718	5,717	357.56	298.02	280.81
Current Portion of Long-Term Debt	5,186	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	380.08	63.77	96.91	-	0.03	0.01
Current Unearned Revenue	8,269	5,354	1,222	4.35	3.83	5.25
Other Current Liabilities	7,106	1,792	921.87	6.25	6.39	33.46
Total Current Liabilities	37,258	31,840	12,672	454.85	405.25	413.01
Long-Term Debt	3,759	3,644	1,502	14.2	-	23.1
Long-Term Leases	1,289	2,612	1,509	10.82	22.67	4.01
Long-Term Unearned Revenue	2,036	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	2,091	67.95	18.75	-	-	-
Total Liabilities	46,433	39,940	16,164	490.27	440.45	451.87
Common Stock	970.78	970.78	124.17	124.17	124.17	124.17
Additional Paid-In Capital	5,919	5,919	3,247	243.89	243.62	243.32
Retained Earnings	3,655	2,561	-87.49	-286.91	-169.91	0.65
Comprehensive Income & Other	1	1.23	-4.65	-5.94	-5.94	-5.94
Total Common Equity	10,545	9,452	3,279	75.21	191.94	362.21
Minority Interest	-	-	-	-	18.4	19.72
Shareholders' Equity	10,545	9,452	3,279	75.21	210.33	381.93
Total Liabilities & Equity	56,978	49,392	19,443	565.48	650.78	833.8
Total Debt	16,988	23,315	8,905	416.07	358.58	334.77
Net Cash (Debt)	-7,705	-16,090	-6,533	-398	-332.75	-301.64
Net Cash Per Share	-6.96	-17.94	-7.57	-3.20	-2.67	-2.43
Filing Date Shares Outstanding	967.67	970.78	124.17	124.17	124.17	124.17
Total Common Shares Outstanding	967.67	970.78	124.17	124.17	124.17	124.17
Working Capital	-3,449	-2,807	-1,903	-164.74	-70.44	34.12
Book Value Per Share	10.90	9.74	26.41	0.61	1.55	2.92
Tangible Book Value	7,936	7,612	1,988	37.87	130.32	255.89
Tangible Book Value Per Share	8.20	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

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