Jiangsu Rongtai Industry 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	351.47	205.99	179.02	263.05	555.34	155.87
Trading Asset Securities	523.93	607.84	42.78	201.05	64.02	162.87
Cash & Short-Term Investments	875.39	813.82	221.81	464.09	619.37	318.74
Cash Growth	-17.05%	266.91%	-52.21%	-25.07%	94.32%	229.88%
Accounts Receivable	1,270	1,417	977.24	810.39	617	386.21
Other Receivables	17.56	15.3	4.98	8.42	8.39	1.12
Receivables	1,287	1,432	982.22	818.81	625.39	387.33
Inventory	940.4	982.09	656.28	563.67	488.18	288.45
Other Current Assets	110.97	108.99	69.17	81.39	62.11	48.07
Total Current Assets	3,214	3,337	1,929	1,928	1,795	1,043
Property, Plant & Equipment	2,421	2,444	2,180	1,973	1,412	975.82
Long-Term Investments	44.61	45.15	-	2.87	3.67	4.66
Goodwill	306.94	306.94	128.47	128.47	128.47	-
Other Intangible Assets	263.8	267.4	220.05	207	97.15	73.04
Long-Term Deferred Tax Assets	76.06	73.45	53.23	46.58	19.3	13.47
Long-Term Deferred Charges	11.53	11.56	5.01	3.06	1.31	0.57
Other Long-Term Assets	41.33	53.57	79	66.72	73.19	57.13
Total Assets	6,379	6,539	4,595	4,356	3,530	2,167
Accounts Payable	703.49	1,002	819.36	594.97	439.15	308.49
Accrued Expenses	97.79	99.64	68.85	75.72	57.54	38.28
Short-Term Debt	1,042	964.51	770.39	613.09	205.11	97.12
Current Portion of Long-Term Debt	-	4.95	-	47.44	-	-
Current Portion of Leases	-	7.39	0.5	0.88	-	-
Current Income Taxes Payable	-	16.23	4.09	16.37	3.1	1.74
Current Unearned Revenue	114.1	57.59	34.59	14.09	54.5	0.01
Other Current Liabilities	180.05	171.49	91.89	147.76	156.97	0.99
Total Current Liabilities	2,137	2,323	1,790	1,510	916.37	446.63
Long-Term Debt	85.23	97.49	-	-	678.35	26.43
Long-Term Leases	11.73	11.7	3.23	1.88	-	-
Long-Term Unearned Revenue	72.39	74.8	74.43	86.97	36.21	42.01
Pension & Post-Retirement Benefits	-	7.75	3.35	3.52	0.23	2.13
Long-Term Deferred Tax Liabilities	6.36	6.55	2.71	3.1	4.4	-
Other Long-Term Liabilities	7.58	-	0.06	-	-	-
Total Liabilities	2,320	2,522	1,873	1,606	1,636	517.2
Common Stock	282.77	282.81	186.08	186.08	162.19	160
Additional Paid-In Capital	2,362	2,359	1,576	1,571	933.5	908.13
Retained Earnings	1,172	1,127	969.09	830.69	716.36	607.05
Treasury Stock	-40.16	-40.47	-45.98	-24.63	-23.25	-
Comprehensive Income & Other	44.03	61.01	-41.38	118.92	39.93	-25.1
Total Common Equity	3,820	3,790	2,644	2,683	1,829	1,650
Minority Interest	238.29	227.48	77.52	67.68	65.89	-
Shareholders' Equity	4,059	4,017	2,722	2,750	1,895	1,650
Total Liabilities & Equity	6,379	6,539	4,595	4,356	3,530	2,167
Total Debt	1,139	1,086	774.13	663.29	883.46	123.55
Net Cash (Debt)	-263.27	-272.22	-552.32	-199.2	-264.09	195.19
Net Cash Per Share	-0.93	-1.00	-2.30	-0.84	-1.25	0.98
Filing Date Shares Outstanding	262.77	266.74	280.47	239.7	205.53	208
Total Common Shares Outstanding	262.77	266.74	239.57	239.7	205.53	208
Working Capital	1,077	1,013	139.8	417.64	878.67	595.96
Book Value Per Share	14.54	14.21	11.04	11.19	8.90	7.93
Tangible Book Value	3,250	3,215	2,296	2,347	1,603	1,577
Tangible Book Value Per Share	12.37	12.05	9.58	9.79	7.80	7.58
Buildings	-	772.21	618.54	478.17	432.57	333.87
Machinery	-	3,048	2,533	2,042	1,620	1,240
Construction In Progress	-	229.18	363.63	614.4	334.53	192.48

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