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 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	Jan '22 Jan 1, 2022
Cash & Equivalents	496.9	468.42	335.17	619.58	473.77	554.85
Short-Term Investments	-	422.92	127.52	-	0.26	-
Trading Asset Securities	-	-	7.3	0.08	-	-
Cash & Short-Term Investments	496.9	891.34	470	619.66	474.03	554.85
Cash Growth	-11.54%	89.65%	-24.15%	30.72%	-14.57%	15.50%
Accounts Receivable	3,406	3,381	2,658	2,546	2,583	2,150
Other Receivables	79.78	69.36	57.78	62.12	55.17	53.61
Receivables	3,486	3,451	2,716	2,608	2,638	2,282
Inventory	1,861	1,864	1,916	1,928	1,797	1,604
Other Current Assets	603.85	185.16	183.08	146.13	195.24	208.7
Total Current Assets	6,448	6,391	5,285	5,302	5,104	4,650
Property, Plant & Equipment	1,784	1,811	1,823	1,781	1,625	1,511
Long-Term Investments	124.66	134.68	435.42	420.45	70.54	69.12
Goodwill	239.05	239.05	239.05	239.05	239.71	239.71
Other Intangible Assets	289.58	292.71	243.92	245.31	241.46	350.52
Long-Term Deferred Tax Assets	130.42	124.75	124.13	94.68	89.92	86.52
Long-Term Deferred Charges	10.73	7.95	4.26	5.4	2.56	3.02
Other Long-Term Assets	320.18	45.27	110.37	132.79	151.88	160.34
Total Assets	9,346	9,047	8,265	8,220	7,526	7,070
Accounts Payable	2,359	2,443	2,315	2,227	2,132	2,215
Accrued Expenses	63.57	152.97	184.4	187.07	200.76	163.2
Short-Term Debt	2,046	1,277	632.01	308.14	244.5	444.95
Current Portion of Long-Term Debt	-	395	317.07	144.09	41.94	66.9
Current Portion of Leases	-	0.21	0.73	0.57	0.49	-
Current Income Taxes Payable	23.46	3.54	15.3	8.66	15.08	9.88
Current Unearned Revenue	19.02	19.94	34.03	44.93	50.61	45.92
Other Current Liabilities	526.86	465.11	141.24	133.69	159.25	40.71
Total Current Liabilities	5,039	4,756	3,640	3,054	2,844	2,987
Long-Term Debt	-	-	1,033	1,564	1,274	781.67
Long-Term Leases	-	0.02	2.13	2.24	0.25	-
Long-Term Unearned Revenue	63.1	59.51	62.83	50.11	53.55	54.25
Long-Term Deferred Tax Liabilities	3.99	3.48	3.45	3.36	-	-
Other Long-Term Liabilities	0.23	0.28	1.3	1.29	2.57	7.8
Total Liabilities	5,106	4,820	4,742	4,675	4,175	3,830
Common Stock	1,159	1,159	1,010	1,010	1,010	1,010
Additional Paid-In Capital	1,377	1,381	825.64	825.56	825.55	825.19
Retained Earnings	1,650	1,631	1,594	1,529	1,342	1,163
Treasury Stock	-41.2	-41.2	-60.05	-	-	-
Comprehensive Income & Other	-15.12	-13.5	33.01	46.35	35.5	34.14
Total Common Equity	4,130	4,116	3,403	3,411	3,213	3,032
Minority Interest	110.16	110.64	119.34	133.44	137.77	207.19
Shareholders' Equity	4,240	4,227	3,523	3,545	3,351	3,239
Total Liabilities & Equity	9,346	9,047	8,265	8,220	7,526	7,070
Total Debt	2,046	1,672	1,985	2,019	1,561	1,294
Net Cash (Debt)	-1,550	-780.69	-1,515	-1,399	-1,087	-738.67
Net Cash Per Share	-1.29	-0.63	-1.57	-1.36	-1.04	-0.71
Filing Date Shares Outstanding	1,146	1,146	991.13	1,010	1,010	1,010
Total Common Shares Outstanding	1,146	1,146	991.13	1,010	1,010	1,010
Working Capital	1,409	1,635	1,645	2,247	2,260	1,663
Book Value Per Share	3.60	3.59	3.43	3.38	3.18	3.00
Tangible Book Value	3,601	3,585	2,920	2,927	2,732	2,442
Tangible Book Value Per Share	3.14	3.13	2.95	2.90	2.70	2.42
Buildings	-	1,593	1,424	1,235	1,132	1,053
Machinery	-	1,472	1,403	1,297	1,187	1,079
Construction In Progress	-	137.28	264.57	386.19	345.89	347.44

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