Mingxin New Material 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	187.32	144.18	261.18	698.56	914.77	831.35
Trading Asset Securities	417	380	260.62	80	250	-
Cash & Short-Term Investments	604.32	524.18	521.8	778.56	1,165	831.35
Cash Growth	24.77%	0.46%	-32.98%	-33.16%	40.11%	7.97%
Accounts Receivable	555.94	883.22	607.94	491.11	445.03	405.42
Other Receivables	10.48	10.69	8.83	3.06	37.29	3.12
Receivables	566.43	893.91	616.77	494.17	482.32	408.54
Inventory	833.71	845.82	743.06	688.93	629.51	564.74
Other Current Assets	63.81	68.87	37.09	54.32	20.46	36.29
Total Current Assets	2,068	2,333	1,919	2,016	2,297	1,841
Property, Plant & Equipment	1,337	1,342	1,356	1,125	738.28	586.2
Other Intangible Assets	141.26	142.56	141.58	145.67	150.22	107.01
Long-Term Deferred Tax Assets	89.32	86.52	96	66.18	47.01	33.55
Long-Term Deferred Charges	21.51	23.08	18.91	10.72	11.91	6.39
Other Long-Term Assets	10.21	10.16	3.27	75.95	79.19	95.37
Total Assets	3,668	3,938	3,535	3,440	3,324	2,669
Accounts Payable	698.78	768.17	509.62	254.73	251.1	201.33
Accrued Expenses	23.34	65.53	55.22	57.53	59.5	48.51
Short-Term Debt	367.85	467.85	250.7	236.28	244.16	353.19
Current Portion of Long-Term Debt	-	22.52	80.22	2.5	-	-
Current Portion of Leases	-	19.25	17.32	17.53	4.28	5.17
Current Income Taxes Payable	-	0.65	3.01	8.09	5.74	8.93
Current Unearned Revenue	5.7	0.68	1.17	1.19	0.59	0.24
Other Current Liabilities	37.93	34.28	60.39	53.32	43.66	45.99
Total Current Liabilities	1,134	1,379	977.64	631.19	609.04	663.36
Long-Term Debt	650.92	654.58	644.98	669.08	579.18	-
Long-Term Leases	90.85	93.85	113.16	119.26	94.02	97.48
Long-Term Unearned Revenue	63.51	65	63.49	69.85	60.89	39.73
Long-Term Deferred Tax Liabilities	24	25.77	33.27	41.21	37.49	1.18
Other Long-Term Liabilities	6.73	10.8	32.91	33.2	25.42	104.64
Total Liabilities	1,975	2,229	1,865	1,564	1,406	906.39
Common Stock	162.2	162.2	162.14	162.54	166.6	166.6
Additional Paid-In Capital	804.69	803.93	815.46	821.13	921.56	923.09
Retained Earnings	583.59	599.01	584.19	756.23	717.29	666.41
Treasury Stock	-	-	-28	-7.05	-31.55	-10.58
Comprehensive Income & Other	137.47	138.95	135.34	143.1	143.71	0.56
Total Common Equity	1,688	1,704	1,669	1,876	1,918	1,746
Minority Interest	4.6	4.52	-	-	-	16.96
Shareholders' Equity	1,693	1,709	1,669	1,876	1,918	1,763
Total Liabilities & Equity	3,668	3,938	3,535	3,440	3,324	2,669
Total Debt	1,110	1,258	1,106	1,045	921.64	455.84
Net Cash (Debt)	-505.3	-733.88	-584.58	-266.1	243.13	375.5
Net Cash Growth	-	-	-	-	-35.25%	-49.30%
Net Cash Per Share	-3.17	-4.46	-3.60	-1.59	1.48	2.25
Filing Date Shares Outstanding	154.15	162.2	160.66	158.68	165.6	166
Total Common Shares Outstanding	154.15	162.2	160.66	158.68	165.6	166
Working Capital	934.66	953.85	941.09	1,385	1,688	1,178
Book Value Per Share	10.95	10.51	10.39	11.82	11.58	10.52
Tangible Book Value	1,547	1,562	1,528	1,730	1,767	1,639
Tangible Book Value Per Share	10.03	9.63	9.51	10.90	10.67	9.87
Buildings	-	721.43	561.12	249.58	241.58	189.68
Machinery	-	841.14	692.49	426.03	397.2	280.99
Construction In Progress	-	78.9	284.75	556.37	179.14	147.2

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