Mingxin New Material 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	144.18	261.18	698.56	914.77	831.35
Trading Asset Securities	380	260.62	80	250	-
Cash & Short-Term Investments	524.18	521.8	778.56	1,165	831.35
Cash Growth	0.46%	-32.98%	-33.16%	40.11%	7.97%
Accounts Receivable	883.22	607.94	491.11	445.03	405.42
Other Receivables	10.69	8.83	3.06	37.29	3.12
Receivables	893.91	616.77	494.17	482.32	408.54
Inventory	845.82	743.06	688.93	629.51	564.74
Other Current Assets	68.87	37.09	54.32	20.46	36.29
Total Current Assets	2,333	1,919	2,016	2,297	1,841
Property, Plant & Equipment	1,342	1,356	1,125	738.28	586.2
Other Intangible Assets	142.56	141.58	145.67	150.22	107.01
Long-Term Deferred Tax Assets	86.52	96	66.18	47.01	33.55
Long-Term Deferred Charges	23.08	18.91	10.72	11.91	6.39
Other Long-Term Assets	10.16	3.27	75.95	79.19	95.37
Total Assets	3,938	3,535	3,440	3,324	2,669
Accounts Payable	844.4	509.62	254.73	251.1	201.33
Accrued Expenses	13.72	55.22	57.53	59.5	48.51
Short-Term Debt	467.85	250.7	236.28	244.16	353.19
Current Portion of Long-Term Debt	41.77	80.22	2.5	-	-
Current Portion of Leases	-	17.32	17.53	4.28	5.17
Current Income Taxes Payable	9.84	3.01	8.09	5.74	8.93
Current Unearned Revenue	0.68	1.17	1.19	0.59	0.24
Other Current Liabilities	0.67	60.39	53.32	43.66	45.99
Total Current Liabilities	1,379	977.64	631.19	609.04	663.36
Long-Term Debt	654.58	644.98	669.08	579.18	-
Long-Term Leases	93.85	113.16	119.26	94.02	97.48
Long-Term Unearned Revenue	65	63.49	69.85	60.89	39.73
Long-Term Deferred Tax Liabilities	25.77	33.27	41.21	37.49	1.18
Other Long-Term Liabilities	10.8	32.91	33.2	25.42	104.64
Total Liabilities	2,229	1,865	1,564	1,406	906.39
Common Stock	162.2	162.14	162.54	166.6	166.6
Additional Paid-In Capital	803.93	815.46	821.13	921.56	923.09
Retained Earnings	599.01	584.19	756.23	717.29	666.41
Treasury Stock	-	-28	-7.05	-31.55	-10.58
Comprehensive Income & Other	138.95	135.34	143.1	143.71	0.56
Total Common Equity	1,704	1,669	1,876	1,918	1,746
Minority Interest	4.52	-	-	-	16.96
Shareholders' Equity	1,709	1,669	1,876	1,918	1,763
Total Liabilities & Equity	3,938	3,535	3,440	3,324	2,669
Total Debt	1,258	1,106	1,045	921.64	455.84
Net Cash (Debt)	-733.88	-584.58	-266.1	243.13	375.5
Net Cash Growth	-	-	-	-35.25%	-49.30%
Net Cash Per Share	-4.46	-3.60	-1.59	1.48	2.25
Filing Date Shares Outstanding	164.45	160.66	158.68	165.6	166
Total Common Shares Outstanding	164.45	160.66	158.68	165.6	166
Working Capital	953.85	941.09	1,385	1,688	1,178
Book Value Per Share	10.36	10.39	11.82	11.58	10.52
Tangible Book Value	1,562	1,528	1,730	1,767	1,639
Tangible Book Value Per Share	9.50	9.51	10.90	10.67	9.87
Buildings	-	561.12	249.58	241.58	189.68
Machinery	-	692.49	426.03	397.2	280.99
Construction In Progress	-	284.75	556.37	179.14	147.2

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