Shanghai Chemspec 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	536.85	-	1,180	1,302	389.06	410.9
Trading Asset Securities	626.78	-	-	-	-	0.79
Cash & Short-Term Investments	1,164	1,201	1,180	1,302	389.06	411.69
Cash Growth	-8.58%	1.82%	-9.40%	234.67%	-5.50%	108.48%
Accounts Receivable	171.73	-	170.06	178.07	212.28	259.77
Other Receivables	23.9	-	30.16	34.69	29.64	19.19
Receivables	195.63	-	200.23	212.76	241.92	278.96
Inventory	367.11	-	433.3	432.29	527.05	330.58
Other Current Assets	12.77	-	8.37	14	72.74	68.28
Total Current Assets	1,739	-	1,822	1,961	1,231	1,090
Property, Plant & Equipment	900.64	-	1,007	1,022	1,008	1,068
Long-Term Investments	253.68	-	276.14	195.35	190.12	143.52
Other Intangible Assets	66.15	-	70.27	71.33	52.07	54.41
Long-Term Deferred Tax Assets	84.41	-	60.55	32.01	30.45	30.15
Other Long-Term Assets	33.09	-	20.08	13.71	26.66	3.78
Total Assets	3,077	-	3,255	3,296	2,538	2,389
Accounts Payable	111.42	-	102.35	93.79	199.99	152.59
Accrued Expenses	12.93	-	25.84	19.8	30.08	40.1
Short-Term Debt	30.09	-	88.45	35	120.39	108.94
Current Portion of Long-Term Debt	41.74	-	0.69	61.2	30	44.24
Current Portion of Leases	-	-	1.67	12.27	6.58	7.2
Current Income Taxes Payable	4.36	-	0.93	3.91	3.7	4.9
Current Unearned Revenue	19.55	-	19.16	8.44	8.54	8.53
Other Current Liabilities	68.32	-	148.15	185.52	234.83	299.49
Total Current Liabilities	288.4	-	387.24	419.92	634.11	665.99
Long-Term Debt	40	-	80.1	87.1	50	80
Long-Term Leases	18.49	-	3.24	4.99	7.46	12.6
Long-Term Unearned Revenue	5.03	-	0.13	0.27	0.4	0.53
Total Liabilities	351.92	-	470.72	512.28	691.96	759.12
Common Stock	519.38	-	519.38	519.38	415.5	415.5
Additional Paid-In Capital	1,562	-	1,541	1,455	737.44	706.43
Retained Earnings	631.67	-	708.46	792.27	679.57	499.01
Comprehensive Income & Other	0.89	-	2.9	3.26	0.88	-1.31
Total Common Equity	2,714	2,790	2,772	2,770	1,833	1,620
Minority Interest	11.18	-	12.26	13.37	12.74	10.62
Shareholders' Equity	2,725	2,790	2,784	2,784	1,846	1,630
Total Liabilities & Equity	3,077	-	3,255	3,296	2,538	2,389
Total Debt	130.32	168.8	174.15	200.56	214.42	252.99
Net Cash (Debt)	1,033	1,032	1,005	1,101	174.64	158.7
Net Cash Growth	-5.24%	2.66%	-8.72%	530.74%	10.04%	-
Net Cash Per Share	1.93	2.05	2.03	2.44	0.42	0.41
Filing Date Shares Outstanding	629.28	519.38	519.38	519.38	415.5	415.5
Total Common Shares Outstanding	629.28	519.38	519.38	519.38	415.5	415.5
Working Capital	1,451	-	1,434	1,541	596.66	423.53
Book Value Per Share	4.31	5.37	5.34	5.33	4.41	3.90
Tangible Book Value	2,648	2,723	2,702	2,699	1,781	1,565
Tangible Book Value Per Share	4.21	5.24	5.20	5.20	4.29	3.77
Buildings	-	-	427.33	452.39	449.28	459.15
Machinery	-	-	1,198	1,137	998.36	858.37
Construction In Progress	-	-	201.3	136.03	221.21	310.42

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