Wuhu Sanlian Forging 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Cash & Equivalents	126.9	114.06	71.09	157.41	52.03	24.97
Short-Term Investments	-	97.03	30.03	100.69	-	-
Trading Asset Securities	-	13.13	-	-	-	-
Cash & Short-Term Investments	126.9	224.21	101.11	258.1	52.03	24.97
Cash Growth	-19.89%	121.74%	-60.82%	396.04%	108.36%	67.99%
Accounts Receivable	516.71	526.84	563.93	422.82	342.94	243.58
Other Receivables	3.62	3.67	4.39	4.76	2.67	1.3
Receivables	520.33	530.5	568.32	427.58	346.04	245.66
Inventory	423.69	413.2	367.31	270.87	262.44	238.36
Other Current Assets	165	54.08	37.02	31.12	25.63	20.79
Total Current Assets	1,236	1,222	1,074	987.69	686.15	529.78
Property, Plant & Equipment	1,354	1,333	965.58	611.38	524.38	493.35
Long-Term Investments	3.01	2.98	97.57	146.27	-	-
Other Intangible Assets	86.66	87.22	89.33	54.01	43.18	44.55
Long-Term Deferred Tax Assets	7.83	4.8	4.1	6.9	38.45	26.31
Long-Term Deferred Charges	0.56	0.59	0.71	0.83	2.49	1.06
Other Long-Term Assets	42.29	42.03	58.35	38.72	13.09	21.13
Total Assets	2,730	2,693	2,289	1,846	1,308	1,116
Accounts Payable	385.84	336.46	320.42	251.74	278.18	206.38
Accrued Expenses	28.52	44.94	37.22	27.05	38.08	40.97
Short-Term Debt	580	611.83	306.01	34.22	171.25	187.06
Current Portion of Long-Term Debt	-	-	-	-	0.95	-
Current Portion of Leases	-	0.55	3.73	8.17	11.19	20.18
Current Income Taxes Payable	7.31	-	2.59	2.38	0.28	1.04
Current Unearned Revenue	0.79	0.62	0.42	0.63	0.35	0.78
Other Current Liabilities	0.41	4.46	3.25	7.48	4.84	14.42
Total Current Liabilities	1,003	998.85	673.64	331.66	505.12	470.82
Long-Term Debt	-	-	-	-	58.42	20.03
Long-Term Leases	-	-	1.61	1.58	6.35	19
Long-Term Unearned Revenue	45.13	44.05	49.61	49.64	50.62	26.49
Long-Term Deferred Tax Liabilities	29.47	25.8	24.54	18.66	42.14	29.95
Other Long-Term Liabilities	-	-	0.03	0.13	2.26	2.31
Total Liabilities	1,077	1,069	749.44	401.67	664.91	568.6
Common Stock	222.19	222.19	158.7	113.36	84.98	84.98
Additional Paid-In Capital	769.98	769.73	832.25	876.63	231.93	230.97
Retained Earnings	649.74	622.37	544.02	451.34	325.91	231.64
Comprehensive Income & Other	11.1	9.57	4.98	2.79	-	-
Shareholders' Equity	1,653	1,624	1,540	1,444	642.83	547.59
Total Liabilities & Equity	2,730	2,693	2,289	1,846	1,308	1,116
Total Debt	580	612.38	311.35	43.96	248.17	246.27
Net Cash (Debt)	-453.1	-388.17	-210.24	214.14	-196.13	-221.29
Net Cash Per Share	-2.03	-1.73	-0.95	1.04	-1.18	-1.33
Filing Date Shares Outstanding	228.1	222.19	222.19	222.19	166.56	166.56
Total Common Shares Outstanding	228.1	222.19	222.19	222.19	166.56	166.56
Working Capital	233.06	223.15	400.13	656.03	181.04	58.96
Book Value Per Share	7.25	7.31	6.93	6.50	3.86	3.29
Tangible Book Value	1,566	1,537	1,451	1,390	599.65	503.04
Tangible Book Value Per Share	6.87	6.92	6.53	6.26	3.60	3.02
Buildings	-	434.18	241.21	142.08	144.37	131.12
Machinery	-	1,077	831.91	620.91	506.79	445.78
Construction In Progress	-	256.08	221.64	75.64	45.75	38.43

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