Western Metal Materials 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	426.84	696.77	751.89	722.09	633.04	660.43
Cash & Short-Term Investments	426.84	696.77	751.89	722.09	633.04	660.43
Cash Growth	-20.98%	-7.33%	4.13%	14.07%	-4.15%	-40.31%
Accounts Receivable	2,010	1,886	1,736	1,868	1,735	1,311
Other Receivables	30.29	8.95	7.56	16.24	43.35	28.57
Receivables	2,040	1,895	1,744	1,885	1,778	1,339
Inventory	1,899	1,661	1,650	1,530	1,527	1,527
Prepaid Expenses	-	6.57	0.93	0.95	0.66	1.24
Other Current Assets	133.45	50.29	79.56	47.71	137.86	132.61
Total Current Assets	4,500	4,310	4,226	4,185	4,076	3,660
Property, Plant & Equipment	1,953	1,966	1,874	1,700	1,649	1,445
Long-Term Investments	1,473	914.31	377.61	289.05	277.69	179.05
Other Intangible Assets	182.3	189.03	205.18	230.66	236.61	254.81
Long-Term Deferred Tax Assets	174.87	165.84	137.74	81.59	67	52.18
Long-Term Deferred Charges	23.99	23.51	30.56	25	30.9	24.64
Other Long-Term Assets	68.43	47.22	17.91	52.37	59.88	149
Total Assets	8,376	7,616	6,869	6,564	6,398	5,765
Accounts Payable	1,223	1,160	691.81	628.28	639.7	681.7
Accrued Expenses	84.54	119.57	140.28	148.26	139.21	119.76
Short-Term Debt	1,640	1,593	1,124	1,071	1,351	1,132
Current Portion of Long-Term Debt	-	-	540.37	54.04	190.56	100.71
Current Portion of Leases	4.01	4.29	3.14	3.79	5.38	23.44
Current Income Taxes Payable	13.15	5.43	15.79	9.18	12.56	0.98
Current Unearned Revenue	154.05	52.43	86.38	138.2	191.34	158.98
Other Current Liabilities	283.55	297.49	387.5	248.05	306.71	78
Total Current Liabilities	3,402	3,233	2,989	2,301	2,836	2,296
Long-Term Debt	6.52	6.51	-	547.38	89.08	219.33
Long-Term Leases	7.37	6.67	7	8.95	10.31	7.01
Long-Term Unearned Revenue	337.31	313.59	284.41	226.14	244.95	216.63
Long-Term Deferred Tax Liabilities	302.15	163.49	33.91	17.91	17.39	6.23
Other Long-Term Liabilities	19.34	20.35	26.62	12.85	4.4	4.4
Total Liabilities	4,075	3,743	3,341	3,114	3,202	2,749
Common Stock	488.21	488.21	488.21	488.21	488.21	488.21
Additional Paid-In Capital	1,940	1,940	1,953	1,954	1,924	1,918
Retained Earnings	453.18	443.98	487.07	451.35	352.74	216.4
Comprehensive Income & Other	842.36	424.33	41.93	27.81	28.96	6.44
Total Common Equity	3,724	3,296	2,971	2,922	2,794	2,629
Minority Interest	577.56	576.94	557.08	527.77	401.51	385.84
Shareholders' Equity	4,301	3,873	3,528	3,450	3,196	3,015
Total Liabilities & Equity	8,376	7,616	6,869	6,564	6,398	5,765
Total Debt	1,657	1,610	1,675	1,685	1,646	1,483
Net Cash (Debt)	-1,231	-913.63	-922.77	-963.07	-1,013	-822.35
Net Cash Per Share	-2.52	-1.87	-1.89	-1.97	-2.08	-1.68
Filing Date Shares Outstanding	488.21	488.21	488.21	488.21	488.21	488.21
Total Common Shares Outstanding	488.21	488.21	488.21	488.21	488.21	488.21
Working Capital	1,098	1,078	1,237	1,884	1,240	1,364
Book Value Per Share	7.63	6.75	6.08	5.98	5.72	5.39
Tangible Book Value	3,541	3,107	2,765	2,691	2,557	2,375
Tangible Book Value Per Share	7.25	6.36	5.66	5.51	5.24	4.86
Buildings	-	1,036	908.72	904.99	809.46	756.94
Machinery	-	2,158	1,978	1,815	1,632	1,409
Construction In Progress	-	93.91	173.49	48.4	164.53	174.25