ADAMA Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,734	3,631	4,881	4,291	5,819	3,864
Short-Term Investments	-	72.73	158.6	171.5	121.63	-
Trading Asset Securities	12.64	1.04	1.91	1.69	1.48	1.25
Cash & Short-Term Investments	3,747	3,704	5,042	4,464	5,942	3,865
Cash Growth	-10.36%	-26.53%	12.94%	-24.87%	53.73%	-11.72%
Accounts Receivable	8,048	8,188	8,356	9,194	8,565	8,978
Other Receivables	640.87	1,409	1,265	1,241	850.38	1,310
Receivables	8,689	9,597	9,621	10,435	9,415	10,288
Inventory	11,969	11,165	13,089	16,927	11,750	10,338
Other Current Assets	1,858	1,451	1,871	1,314	1,281	2,736
Total Current Assets	26,263	25,917	29,622	33,141	28,389	27,228
Property, Plant & Equipment	11,917	12,317	13,173	12,469	10,656	8,465
Long-Term Investments	169.45	161.7	163.49	184.71	167.45	166.28
Goodwill	5,017	5,074	5,002	4,805	4,410	4,584
Other Intangible Assets	4,390	4,797	5,318	5,343	5,326	5,226
Long-Term Accounts Receivable	351.13	159.81	68.75	82.51	56.23	95.33
Long-Term Deferred Tax Assets	1,453	1,292	1,602	1,347	723.08	773.67
Other Long-Term Assets	369.92	341.34	457.36	608	508.34	261.7
Total Assets	49,931	50,060	55,406	57,980	50,235	46,801
Accounts Payable	5,957	5,374	5,263	8,642	6,788	4,927
Accrued Expenses	808.11	1,784	1,777	2,348	2,063	1,941
Short-Term Debt	6,394	4,755	5,784	3,343	880.88	1,317
Current Portion of Long-Term Debt	1,999	2,068	2,129	2,105	1,657	1,126
Current Portion of Leases	-	163.13	169.03	156.98	139.16	146.18
Current Income Taxes Payable	449.4	276.34	197.98	240.67	174.71	168.03
Current Unearned Revenue	1,494	1,811	1,514	1,777	1,381	1,092
Other Current Liabilities	3,368	1,782	2,060	2,102	1,304	2,202
Total Current Liabilities	20,469	18,013	18,894	20,715	14,387	12,920
Long-Term Debt	9,070	10,818	12,159	11,365	11,615	10,610
Long-Term Leases	628.21	610.42	495.46	431.08	362.09	379.19
Pension & Post-Retirement Benefits	536.84	543.86	671.53	792.15	792.36	-
Long-Term Deferred Tax Liabilities	204.86	283.08	297.1	315.86	380.14	331.94
Other Long-Term Liabilities	568.33	800.18	963.52	1,238	1,623	1,127
Total Liabilities	31,477	31,069	33,481	34,856	29,160	25,367
Common Stock	2,330	2,330	2,330	2,330	2,330	2,344
Additional Paid-In Capital	12,950	12,607	12,607	12,607	12,607	13,023
Retained Earnings	1,482	1,979	4,952	6,712	6,181	6,103
Treasury Stock	-	-	-	-	-	-60.36
Comprehensive Income & Other	1,691	2,076	2,036	1,476	-41.92	-56.1
Total Common Equity	18,453	18,991	21,924	23,125	21,075	21,354
Minority Interest	-	-	-	-	-	80.16
Shareholders' Equity	18,453	18,991	21,924	23,125	21,075	21,434
Total Liabilities & Equity	49,931	50,060	55,406	57,980	50,235	46,801
Total Debt	18,091	18,414	20,736	17,401	14,654	13,579
Net Cash (Debt)	-14,344	-14,710	-15,695	-12,937	-8,712	-9,714
Net Cash Per Share	-6.16	-6.31	-6.74	-5.55	-3.74	-4.04
Filing Date Shares Outstanding	2,330	2,330	2,330	2,330	2,330	2,330
Total Common Shares Outstanding	2,330	2,330	2,330	2,330	2,330	2,330
Working Capital	5,794	7,904	10,728	12,426	14,001	14,308
Book Value Per Share	7.92	8.15	9.41	9.93	9.05	9.17
Tangible Book Value	9,046	9,120	11,605	12,977	11,339	11,543
Tangible Book Value Per Share	3.88	3.91	4.98	5.57	4.87	4.95
Land	-	4,163	4,487	4,108	3,670	3,140
Machinery	-	19,512	18,672	16,868	15,558	14,112
Construction In Progress	-	1,997	2,507	2,961	2,143	1,405

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