Jiangsu Topfly New Materials Co., Ltd. (SHE:001373)

SHE:001373 Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2020
Cash & Equivalents	133.36	363.61	253.07	254.55	182.59	96.11
Short-Term Investments	13.65	-	280.8	271.53	-	-
Trading Asset Securities	210.06	65.17	2	-	-	0.01
Cash & Short-Term Investments	357.07	428.78	535.87	526.08	182.59	96.12
Cash Growth	-27.77%	-19.98%	1.86%	188.12%	89.97%	143.64%
Accounts Receivable	274.49	260.26	240.19	313.13	247.71	367.39
Other Receivables	2.16	3.8	10.55	20.86	8.29	20.63
Receivables	276.65	264.06	250.74	333.99	255.99	388.02
Inventory	80.33	66.31	73.55	94.66	70.99	110.82
Prepaid Expenses	22.16	15.81	9.38	7.21	-	-
Other Current Assets	5.85	1.87	6.13	5.14	6.01	10.47
Total Current Assets	742.06	776.83	875.67	967.09	515.58	605.42
Property, Plant & Equipment	210.32	192.83	176.67	110.86	70.38	36.56
Other Intangible Assets	13.45	9.67	9.2	9.31	9.59	0.53
Long-Term Deferred Tax Assets	21.1	14.52	3.16	2.76	2.3	3.37
Long-Term Deferred Charges	4.46	5.13	6.61	5.22	7.43	10.22
Other Long-Term Assets	4.16	3.64	2.3	10.89	2.82	3.94
Total Assets	995.55	1,003	1,074	1,106	608.1	660.04

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2020
Accounts Payable	116.43	107.82	107.55	130.7	75.78	240.58
Accrued Expenses	6.48	8.87	6.92	6.8	8.39	13.13
Short-Term Debt	-	-	-	-	15.01	57.98
Current Portion of Leases	5.81	3.74	7.88	3.74	7.57	-
Current Income Taxes Payable	-	0.53	1.06	0.78	0.76	11.86
Current Unearned Revenue	0.12	0.01	0.01	0.01	0.17	0.18
Other Current Liabilities	0.1	0.77	1.05	1.13	14.7	26.47
Total Current Liabilities	128.94	121.75	124.46	143.16	122.38	350.2
Long-Term Leases	12.16	4.31	10.4	11.74	15.03	-
Long-Term Unearned Revenue	2.3	2.37	2.62	2.69	0.45	0.58
Long-Term Deferred Tax Liabilities	0.04	0.02	0.29	2.32	3.2	1.77
Other Long-Term Liabilities	-	-	-	-	-	2.82
Total Liabilities	143.44	128.45	137.78	159.91	141.06	355.36

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2020
Common Stock	68.69	68.69	68.69	68.69	51.52	51.52
Additional Paid-In Capital	569.11	569.11	574.25	574.25	149.09	149.09
Retained Earnings	192.8	215.36	254.15	258.36	223.13	80.8
Total Common Equity	830.6	853.17	897.09	901.3	423.74	281.41
Minority Interest	21.51	21.01	38.74	44.91	43.31	23.28
Shareholders' Equity	852.11	874.18	935.83	946.21	467.04	304.68
Total Liabilities & Equity	995.55	1,003	1,074	1,106	608.1	660.04

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2020
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Dec 31, 2020
Total Debt	17.97	8.05	18.28	15.47	37.6	57.98
Net Cash (Debt)	339.09	420.73	517.59	510.61	144.99	38.13
Net Cash Growth	-29.30%	-18.71%	1.37%	252.16%	280.21%	-3.33%
Net Cash Per Share	4.94	6.12	7.53	8.26	2.81	0.79
Filing Date Shares Outstanding	68.69	68.69	68.69	68.69	51.65	51.52
Total Common Shares Outstanding	68.69	68.69	68.69	68.69	51.65	51.52
Working Capital	613.12	655.08	751.2	823.92	393.2	255.23
Book Value Per Share	12.09	12.42	13.06	13.12	8.20	5.46
Tangible Book Value	817.15	843.49	887.88	891.99	414.15	280.88
Tangible Book Value Per Share	11.90	12.28	12.93	12.99	8.02	5.45
Buildings	110.78	107.98	-	-	-	-
Machinery	113.31	110.03	66.43	65.8	50.72	47.83
Construction In Progress	13.18	4.78	121.69	60.99	6.66	-

Data Source: S&P Global Market Intelligence Last updated: Aug 26, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 2, 2026

Data Sources Report a data error