C&S Paper Co.,Ltd 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,162	1,581	2,155	1,325	875.05	1,125
Short-Term Investments	-	-	169.34	233	72.48	50
Trading Asset Securities	799.95	442.85	536.65	-	-	-
Cash & Short-Term Investments	2,962	2,024	2,861	1,558	947.53	1,175
Cash Growth	26.74%	-29.28%	83.69%	64.41%	-19.37%	58.01%
Accounts Receivable	864.01	990.23	1,475	1,096	1,180	1,052
Other Receivables	21.34	18.7	20.46	16.92	12.35	15.82
Receivables	885.36	1,211	1,495	1,112	1,193	1,068
Inventory	1,466	2,059	1,329	1,912	1,468	1,661
Other Current Assets	134.9	191.09	95.53	117.25	144.81	135.48
Total Current Assets	5,447	5,485	5,781	4,699	3,752	4,040
Property, Plant & Equipment	2,969	3,121	3,059	3,166	3,279	3,068
Long-Term Investments	8.71	8.67	2.48	-	-	-
Goodwill	0.7	0.7	0.7	0.06	0.06	0.06
Other Intangible Assets	307.88	311.91	242.53	214.24	168.45	169.36
Long-Term Deferred Tax Assets	326.24	326.12	304.79	208.61	182.19	111.37
Long-Term Deferred Charges	26	19.67	11.74	11.77	16.76	26.64
Other Long-Term Assets	88.52	62.6	156.11	37.54	124.78	62.6
Total Assets	9,174	9,336	9,558	8,337	7,523	7,478
Accounts Payable	786.85	1,321	1,257	1,289	1,164	996.41
Accrued Expenses	133.73	723.38	1,240	924.8	988.15	813.42
Short-Term Debt	1,532	1,348	933.45	607.8	-	142.94
Current Portion of Long-Term Debt	7.86	2.37	0.03	-	-	-
Current Portion of Leases	-	12.21	10.16	9.83	8.62	-
Current Income Taxes Payable	109.4	23.73	99.79	30.43	48	79.27
Current Unearned Revenue	89.3	135.74	44.18	96.58	164.36	137.33
Other Current Liabilities	856.67	154.25	284.78	49.91	86.71	115.92
Total Current Liabilities	3,516	3,720	3,869	3,008	2,460	2,285
Long-Term Debt	27	61.68	38.4	-	-	-
Long-Term Leases	3.39	2	5.61	0.8	5.57	-
Long-Term Unearned Revenue	114.74	123.29	134.8	98.42	104.48	115.1
Long-Term Deferred Tax Liabilities	5.4	5.53	28.95	49.11	46.51	35.9
Total Liabilities	3,666	3,913	4,077	3,157	2,616	2,436
Common Stock	1,286	1,294	1,336	1,315	1,312	1,311
Additional Paid-In Capital	237.25	46.61	779.11	677.87	650.39	626.8
Retained Earnings	3,995	3,846	3,846	3,594	3,373	2,920
Treasury Stock	-33.21	-78.49	-803.12	-688.93	-722.24	-96.48
Comprehensive Income & Other	-	305.76	314.63	280.32	290.35	280.21
Total Common Equity	5,486	5,414	5,472	5,178	4,904	5,042
Minority Interest	22.55	9.47	9.01	2.63	3.25	-
Shareholders' Equity	5,508	5,423	5,481	5,181	4,907	5,042
Total Liabilities & Equity	9,174	9,336	9,558	8,337	7,523	7,478
Total Debt	1,570	1,426	987.66	618.44	14.18	142.94
Net Cash (Debt)	1,392	597.47	1,874	939.35	933.35	1,032
Net Cash Growth	185.27%	-68.12%	99.48%	0.64%	-9.58%	53.13%
Net Cash Per Share	1.12	0.46	1.46	0.72	0.71	0.79
Filing Date Shares Outstanding	1,334	1,127	1,311	1,288	1,286	1,310
Total Common Shares Outstanding	1,334	1,127	1,311	1,288	1,286	1,310
Working Capital	1,932	1,765	1,912	1,691	1,293	1,755
Book Value Per Share	4.11	4.80	4.17	4.02	3.81	3.85
Tangible Book Value	5,177	5,101	5,229	4,964	4,735	4,873
Tangible Book Value Per Share	3.88	4.53	3.99	3.85	3.68	3.72
Buildings	-	1,669	1,413	1,372	1,341	1,120
Machinery	-	4,194	3,840	3,790	3,594	3,149
Construction In Progress	-	89.96	290.11	142.63	134.88	275.9

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.