Shandong Fiberglass Group 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	494.27	525.21	583.55	809.67	577.15	707.53
Trading Asset Securities	-	-	-	180.6	-	-
Cash & Short-Term Investments	494.27	525.21	583.55	990.27	577.15	707.53
Cash Growth	-26.85%	-10.00%	-41.07%	71.58%	-18.43%	86.37%
Accounts Receivable	1,226	1,027	578.84	677.79	681.71	542.54
Other Receivables	0.97	0.12	0.3	0.41	0.6	0.46
Receivables	1,227	1,028	579.14	678.2	682.31	542.99
Inventory	601.16	653.47	533.69	283.22	234.36	152.06
Prepaid Expenses	-	-	0.27	0.27	0.32	-
Other Current Assets	93.06	109.96	110.61	101.01	29.53	98.34
Total Current Assets	2,415	2,316	1,807	2,053	1,524	1,501
Property, Plant & Equipment	5,070	5,143	5,150	4,411	3,362	3,415
Other Intangible Assets	146.42	148.08	155.37	161.31	127.54	133.8
Long-Term Deferred Tax Assets	14.2	12.79	22.62	17.15	7.92	19.66
Long-Term Deferred Charges	3.4	3.65	2.19	2.97	7.72	11.46
Other Long-Term Assets	149.16	17.81	0.26	1.65	17.12	0.91
Total Assets	7,798	7,642	7,138	6,647	5,046	5,082
Accounts Payable	1,070	401.08	724.2	605.86	257.73	144.24
Accrued Expenses	84.63	82.84	50.34	56.11	44.36	37.78
Short-Term Debt	884.61	831.09	217.68	431.64	326.58	207.15
Current Portion of Long-Term Debt	-	344.64	235.77	170.75	124.77	235.82
Current Portion of Leases	-	-	-	50.11	136.07	295.93
Current Income Taxes Payable	-	7.25	0.02	6.79	13.48	20.38
Current Unearned Revenue	28.51	41.71	87.98	112.8	126.5	135.37
Other Current Liabilities	545.95	919.92	1,128	910.44	95.6	247.34
Total Current Liabilities	2,613	2,629	2,444	2,345	1,125	1,324
Long-Term Debt	2,482	2,327	1,992	1,400	908.35	1,130
Long-Term Leases	-	-	-	-	49.91	145.02
Long-Term Unearned Revenue	96.52	88.96	61.59	85.58	88.02	102.03
Long-Term Deferred Tax Liabilities	9.78	10.18	11.54	28.78	35.47	22.17
Other Long-Term Liabilities	2.17	2.36	1.12	-	-	-
Total Liabilities	5,204	5,057	4,510	3,859	2,207	2,724
Common Stock	600.05	610.97	610.96	610.96	600.01	500
Additional Paid-In Capital	599.94	639.04	632.75	632.34	586.05	585.98
Retained Earnings	1,359	1,348	1,361	1,492	1,547	1,167
Treasury Stock	-53.11	-103.2	-83.1	-53.11	-	-
Comprehensive Income & Other	88.97	89.23	106.22	106.16	105.8	105.66
Shareholders' Equity	2,595	2,584	2,628	2,788	2,839	2,358
Total Liabilities & Equity	7,798	7,642	7,138	6,647	5,046	5,082
Total Debt	3,366	3,503	2,446	2,053	1,546	2,014
Net Cash (Debt)	-2,872	-2,978	-1,862	-1,062	-968.54	-1,307
Net Cash Per Share	-4.96	-4.43	-3.01	-1.71	-1.61	-2.18
Filing Date Shares Outstanding	504.12	602.37	610.96	610.96	600.01	600
Total Common Shares Outstanding	504.12	602.37	610.96	610.96	600.01	600
Working Capital	-197.98	-312.27	-636.35	-291.53	398.57	176.92
Book Value Per Share	5.15	4.29	4.30	4.56	4.73	3.93
Tangible Book Value	2,448	2,436	2,473	2,627	2,712	2,224
Tangible Book Value Per Share	4.86	4.04	4.05	4.30	4.52	3.71
Buildings	-	1,332	1,112	759.98	780.45	775.18
Machinery	-	3,500	2,881	2,592	2,590	2,631
Construction In Progress	-	51.82	1,025	1,352	1.35	1.51

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