Longyan Kaolin Clay 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	84.41	70.06	18.11	306.03	338.84	75.55
Short-Term Investments	-	-	-	206.77	230.89	429.9
Trading Asset Securities	155.38	155.3	340.86	-	-	69.02
Cash & Short-Term Investments	239.78	225.36	358.97	512.8	569.73	574.48
Cash Growth	-15.51%	-37.22%	-30.00%	-9.99%	-0.83%	508.47%
Accounts Receivable	2.95	5.5	4.64	7.74	5	6.66
Other Receivables	7.74	8.65	6.96	7.4	-	-
Receivables	10.69	14.15	11.6	15.14	5	6.66
Inventory	25.55	26.06	22.2	23.23	28.32	26.93
Other Current Assets	0.34	0.33	0.52	0.34	10.92	0.56
Total Current Assets	276.36	265.9	393.29	551.52	613.97	608.63
Property, Plant & Equipment	220.19	224.62	240.95	256.82	186.4	163.68
Long-Term Investments	514.58	172.13	183.67	164	51	5
Other Intangible Assets	268.37	272.56	289.34	305.72	329.35	347.87
Long-Term Deferred Tax Assets	0.32	0.32	0.3	0.31	0.89	0.66
Long-Term Deferred Charges	1.43	1.58	2.31	3.86	6.23	3.36
Other Long-Term Assets	459.95	456.81	204.32	0.67	5.45	1.44
Total Assets	1,741	1,394	1,314	1,283	1,193	1,131
Accounts Payable	4.4	8.56	16.08	30.1	18.25	12.59
Accrued Expenses	9.5	33.67	35.58	35.38	36	32.89
Current Income Taxes Payable	2.3	3.42	4.5	2.96	-	0.88
Current Unearned Revenue	10.11	12.6	16.21	19.07	16.57	22.78
Other Current Liabilities	26.85	8.58	8.79	9.11	11.16	10.36
Total Current Liabilities	53.16	66.84	81.16	96.62	81.98	79.51
Long-Term Unearned Revenue	0.3	0.31	0.35	0.46	0.58	0.71
Long-Term Deferred Tax Liabilities	55.19	3.55	2.16	3.07	1.96	2.34
Total Liabilities	108.65	70.7	83.67	100.15	84.53	82.55
Common Stock	179.2	179.2	179.2	128	128	128
Additional Paid-In Capital	539.45	539.45	538.85	589.81	589.8	589.8
Retained Earnings	618.08	599.21	511.62	464.22	390.7	330.08
Comprehensive Income & Other	292.49	2.02	0.84	0.7	0.27	0.21
Total Common Equity	1,629	1,320	1,231	1,183	1,109	1,048
Minority Interest	3.33	3.34	-	-	-	-
Shareholders' Equity	1,633	1,323	1,231	1,183	1,109	1,048
Total Liabilities & Equity	1,741	1,394	1,314	1,283	1,193	1,131
Net Cash (Debt)	239.78	225.36	358.97	512.8	569.73	574.48
Net Cash Growth	-15.51%	-37.22%	-30.00%	-9.99%	-0.83%	508.47%
Net Cash Per Share	1.36	1.26	1.99	2.88	3.16	3.50
Filing Date Shares Outstanding	171.46	179.2	179.2	179.2	179.2	179.2
Total Common Shares Outstanding	171.46	179.2	179.2	179.2	179.2	179.2
Working Capital	223.2	199.07	312.13	454.89	531.99	529.12
Book Value Per Share	9.50	7.37	6.87	6.60	6.19	5.85
Tangible Book Value	1,361	1,047	941.17	877.02	779.42	700.21
Tangible Book Value Per Share	7.94	5.84	5.25	4.89	4.35	3.91
Buildings	-	302.16	302.16	299.94	225.41	184.06
Machinery	-	79.03	76.61	76.56	51.55	46.27
Construction In Progress	-	0.32	0.03	1.94	19.44	34.42

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