Puyang Refractories Group 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	603.65	335.17	619.58	473.77	554.85	400.55
Short-Term Investments	-	127.52	-	0.26	-	78.07
Trading Asset Securities	-	7.3	0.08	-	-	1.79
Cash & Short-Term Investments	603.65	470	619.66	474.03	554.85	480.4
Cash Growth	17.87%	-24.15%	30.72%	-14.57%	15.50%	15.65%
Accounts Receivable	3,034	2,658	2,546	2,583	2,150	2,170
Other Receivables	89.28	57.78	62.12	55.17	53.61	52.02
Receivables	3,124	2,716	2,608	2,638	2,282	2,222
Inventory	1,855	1,916	1,928	1,797	1,604	1,189
Other Current Assets	752.37	183.08	146.13	195.24	208.7	156.81
Total Current Assets	6,334	5,285	5,302	5,104	4,650	4,048
Property, Plant & Equipment	1,815	1,823	1,781	1,625	1,511	1,294
Long-Term Investments	118.1	435.42	420.45	70.54	69.12	60.17
Goodwill	239.05	239.05	239.05	239.71	239.71	239.71
Other Intangible Assets	236.7	243.92	245.31	241.46	350.52	359.96
Long-Term Deferred Tax Assets	127.74	124.13	94.68	89.92	86.52	82.02
Long-Term Deferred Charges	5.36	4.26	5.4	2.56	3.02	1.37
Other Long-Term Assets	102.22	110.37	132.79	151.88	160.34	177.76
Total Assets	8,978	8,265	8,220	7,526	7,070	6,263
Accounts Payable	2,428	2,315	2,227	2,132	2,215	2,055
Accrued Expenses	87.61	184.4	187.07	200.76	163.2	139.69
Short-Term Debt	1,340	632.01	308.14	244.5	444.95	520.07
Current Portion of Long-Term Debt	479.21	317.07	144.09	41.94	66.9	9.81
Current Portion of Leases	-	0.73	0.57	0.49	-	-
Current Income Taxes Payable	26.05	15.3	8.66	15.08	9.88	7.98
Current Unearned Revenue	40.04	34.03	44.93	50.61	45.92	45.76
Other Current Liabilities	272.26	141.24	133.69	159.25	40.71	54.53
Total Current Liabilities	4,673	3,640	3,054	2,844	2,987	2,833
Long-Term Debt	-	1,033	1,564	1,274	781.67	178.42
Long-Term Leases	2.12	2.13	2.24	0.25	-	-
Long-Term Unearned Revenue	60.06	62.83	50.11	53.55	54.25	57.02
Long-Term Deferred Tax Liabilities	3.66	3.45	3.36	-	-	-
Other Long-Term Liabilities	0.64	1.3	1.29	2.57	7.8	12.21
Total Liabilities	4,740	4,742	4,675	4,175	3,830	3,081
Common Stock	1,159	1,010	1,010	1,010	1,010	1,010
Additional Paid-In Capital	1,380	825.64	825.56	825.55	825.19	825.08
Retained Earnings	1,639	1,594	1,529	1,342	1,163	1,139
Treasury Stock	-60.05	-60.05	-	-	-	-
Comprehensive Income & Other	2.99	33.01	46.35	35.5	34.14	-10.95
Total Common Equity	4,122	3,403	3,411	3,213	3,032	2,964
Minority Interest	116.25	119.34	133.44	137.77	207.19	218.12
Shareholders' Equity	4,238	3,523	3,545	3,351	3,239	3,182
Total Liabilities & Equity	8,978	8,265	8,220	7,526	7,070	6,263
Total Debt	1,821	1,985	2,019	1,561	1,294	708.31
Net Cash (Debt)	-1,217	-1,515	-1,399	-1,087	-738.67	-227.91
Net Cash Per Share	-1.23	-1.57	-1.36	-1.04	-0.71	-0.22
Filing Date Shares Outstanding	1,140	991.13	1,010	1,010	1,010	1,010
Total Common Shares Outstanding	1,140	991.13	1,010	1,010	1,010	1,010
Working Capital	1,661	1,645	2,247	2,260	1,663	1,215
Book Value Per Share	3.62	3.43	3.38	3.18	3.00	2.93
Tangible Book Value	3,646	2,920	2,927	2,732	2,442	2,364
Tangible Book Value Per Share	3.20	2.95	2.90	2.70	2.42	2.34
Buildings	-	1,424	1,235	1,132	1,053	905.6
Machinery	-	1,403	1,297	1,187	1,079	985.11
Construction In Progress	-	264.57	386.19	345.89	347.44	290

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