Red Avenue New Materials Group Co., Ltd. (SHA: 603650)

Red Avenue New Materials Group Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,039	743.99	634.28	509.56	620.64	695.72
Short-Term Investments	-	7.03	8.93	-	-	-
Trading Asset Securities	-	143.74	88.87	298.19	115.14	115.8
Cash & Short-Term Investments	1,039	894.75	732.09	807.75	735.78	811.52
Cash Growth	15.49%	22.22%	-9.37%	9.78%	-9.33%	-30.79%
Accounts Receivable	1,182	1,109	1,094	975.3	923.66	859.63
Other Receivables	29.63	28.53	36.41	84.23	22.42	0.46
Receivables	1,211	1,137	1,131	1,060	946.09	870.09
Inventory	410.64	430.73	387.79	214.52	192.15	197.19
Prepaid Expenses	-	3.5	3.83	-	-	-
Other Current Assets	99.97	77.97	83.38	79.54	142.56	34.43
Total Current Assets	2,761	2,544	2,338	2,161	2,017	1,913
Property, Plant & Equipment	2,018	2,123	1,992	1,192	460.72	514.52
Long-Term Investments	2,149	1,765	1,601	1,655	1,887	1,439
Goodwill	437.44	437.44	437.44	200.19	-	-
Other Intangible Assets	351.81	363.38	372.12	321.05	120.4	123.32
Long-Term Deferred Tax Assets	67.04	52.66	42.67	17.65	7.51	4.82
Long-Term Deferred Charges	17.05	18.79	17.42	9	1.92	4.48
Other Long-Term Assets	31.59	29.29	60.96	425.55	89.49	93.59
Total Assets	7,833	7,334	6,861	5,982	4,584	4,093
Accounts Payable	526.2	652.45	766.19	719.95	386.81	469.12
Accrued Expenses	80.01	116.31	111.94	103.03	62.79	52.01
Short-Term Debt	572.1	475.15	879.45	1,048	1,292	1,050
Current Portion of Long-Term Debt	526.28	372.82	195.9	100.91	0.3	-
Current Portion of Leases	9.41	8.24	13.65	20.36	-	-
Current Income Taxes Payable	17.03	11.89	24.98	22.31	18.79	43.23
Current Unearned Revenue	3.06	3.55	4.6	4.56	5.5	5.38
Other Current Liabilities	201.28	167.84	81.78	127.49	69.41	31.53
Total Current Liabilities	1,935	1,808	2,078	2,146	1,836	1,651
Long-Term Debt	2,286	1,807	1,473	863.49	93.28	-
Long-Term Leases	45.38	50.14	-	12.06	-	-
Long-Term Unearned Revenue	198.41	110.36	110.82	69.81	4.65	-
Long-Term Deferred Tax Liabilities	52.51	53.46	56.65	46.78	36.92	26.44
Total Liabilities	4,518	3,829	3,719	3,138	1,971	1,678
Common Stock	599.83	599.83	596.12	597.15	585.99	585.99
Additional Paid-In Capital	930.49	989.65	949.55	975.07	692.01	685.9
Retained Earnings	1,854	1,893	1,534	1,289	1,162	967.63
Treasury Stock	-167.1	-100.01	-60.14	-90.55	-	-
Comprensive Income & Other	2.85	25.57	22.1	12.24	7.16	10.42
Total Common Equity	3,220	3,408	3,042	2,783	2,447	2,250
Minority Interest	95.28	96.9	100.62	60.3	165.78	165.55
Shareholders' Equity	3,315	3,505	3,142	2,843	2,613	2,415
Total Liabilities & Equity	7,833	7,334	6,861	5,982	4,584	4,093
Total Debt	3,439	2,713	2,562	2,044	1,386	1,050
Net Cash (Debt)	-2,400	-1,818	-1,830	-1,237	-650.3	-238.5
Net Cash Per Share	-3.96	-3.04	-3.01	-2.08	-1.11	-0.40
Filing Date Shares Outstanding	599.83	599.83	596.12	597.15	585.99	585.99
Total Common Shares Outstanding	599.83	599.83	596.12	597.15	585.99	585.99
Working Capital	826.11	736.13	259.19	15.08	180.48	261.93
Book Value Per Share	5.37	5.68	5.10	4.66	4.18	3.84
Tangible Book Value	2,430	2,607	2,232	2,262	2,327	2,127
Tangible Book Value Per Share	4.05	4.35	3.74	3.79	3.97	3.63
Buildings	670.3	675.15	522.15	381.12	238.05	294.95
Machinery	1,447	1,531	1,018	764.29	431.62	415.47
Construction In Progress	625.33	580.21	1,078	520.1	93.02	144.26

Source: S&P Capital IQ. Standard template. Financial Sources.