ADAMA Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

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	3,238	3,450	3,631	4,881	4,291	5,819
Short-Term Investments	-	155.15	72.73	158.6	171.5	121.63
Trading Asset Securities	-	1.22	1.04	1.91	1.69	1.48
Cash & Short-Term Investments	3,238	3,607	3,704	5,042	4,464	5,942
Cash Growth	-12.96%	-2.64%	-26.53%	12.94%	-24.87%	53.73%
Accounts Receivable	9,919	7,514	8,188	8,356	9,194	8,565
Other Receivables	-	1,387	1,409	1,265	1,241	850.38
Receivables	9,919	8,901	9,597	9,621	10,435	9,415
Inventory	11,672	11,608	11,165	13,089	16,927	11,750
Other Current Assets	1,592	1,445	1,451	1,871	1,314	1,281
Total Current Assets	26,421	25,561	25,917	29,622	33,141	28,389
Property, Plant & Equipment	11,237	11,632	12,317	13,173	12,469	10,656
Long-Term Investments	-	169.11	211.54	163.49	184.71	167.45
Goodwill	-	4,964	5,074	5,002	4,805	4,410
Other Intangible Assets	9,030	4,302	4,797	5,318	5,343	5,326
Long-Term Accounts Receivable	-	118.2	159.81	68.75	82.51	56.23
Long-Term Deferred Tax Assets	1,536	1,294	1,292	1,602	1,347	723.08
Other Long-Term Assets	878	422.33	291.5	457.36	608	508.34
Total Assets	49,102	48,464	50,060	55,406	57,980	50,235

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
Accounts Payable	5,954	6,084	5,374	5,263	8,642	6,788
Accrued Expenses	-	1,915	1,784	1,777	2,348	2,063
Short-Term Debt	-	6,675	4,755	5,784	3,343	880.88
Current Portion of Long-Term Debt	11,040	3,669	2,068	2,129	2,105	1,657
Current Portion of Leases	-	156.03	163.13	169.03	156.98	139.16
Current Income Taxes Payable	-	322.94	276.34	197.98	240.67	174.71
Current Unearned Revenue	-	1,789	1,811	1,514	1,777	1,381
Other Current Liabilities	5,950	1,774	1,782	2,060	2,102	1,304
Total Current Liabilities	22,944	22,386	18,013	18,894	20,715	14,387
Long-Term Debt	6,233	6,402	10,818	12,159	11,365	11,615
Long-Term Leases	-	751.23	610.42	495.46	431.08	362.09
Pension & Post-Retirement Benefits	553	536.9	543.86	671.53	792.15	792.36
Long-Term Deferred Tax Liabilities	214	224.02	283.08	297.1	315.86	380.14
Other Long-Term Liabilities	1,243	589.08	800.18	963.52	1,238	1,623
Total Liabilities	31,187	30,889	31,069	33,481	34,856	29,160

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
Common Stock	17,915	2,330	2,330	2,330	2,330	2,330
Additional Paid-In Capital	-	12,607	12,607	12,607	12,607	12,607
Retained Earnings	-	801.59	1,979	4,952	6,712	6,181
Comprehensive Income & Other	-	1,837	2,076	2,036	1,476	-41.92
Total Common Equity	17,915	17,575	18,991	21,924	23,125	21,075
Shareholders' Equity	17,915	17,575	18,991	21,924	23,125	21,075
Total Liabilities & Equity	49,102	48,464	50,060	55,406	57,980	50,235

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
Total Debt	17,273	17,653	18,414	20,736	17,401	14,654
Net Cash (Debt)	-14,035	-14,046	-14,710	-15,695	-12,937	-8,712
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.02	-6.03	-6.31	-6.74	-5.55	-3.74
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	3,477	3,175	7,904	10,728	12,426	14,001
Book Value Per Share	7.69	7.54	8.15	9.41	9.93	9.05
Tangible Book Value	8,885	8,309	9,120	11,605	12,977	11,339
Tangible Book Value Per Share	3.81	3.57	3.91	4.98	5.57	4.87
Land	-	4,312	4,163	4,487	4,108	3,670
Machinery	-	19,623	19,512	18,672	16,868	15,558
Construction In Progress	-	897.18	1,997	2,507	2,961	2,143