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	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,436	1,581	2,155	1,325	875.05
Short-Term Investments	-	-	169.34	233	72.48
Trading Asset Securities	109.69	442.85	536.65	-	-
Cash & Short-Term Investments	2,546	2,024	2,861	1,558	947.53
Cash Growth	25.80%	-29.28%	83.69%	64.41%	-19.37%
Accounts Receivable	962.63	990.23	1,475	1,096	1,180
Other Receivables	20.58	18.7	20.46	16.92	12.35
Receivables	983.21	1,211	1,495	1,112	1,193
Inventory	1,464	2,059	1,329	1,912	1,468
Other Current Assets	312.04	191.09	95.53	117.25	144.81
Total Current Assets	5,306	5,485	5,781	4,699	3,752
Property, Plant & Equipment	2,901	3,121	3,059	3,166	3,279
Long-Term Investments	6.08	8.67	2.48	-	-
Goodwill	0.7	0.7	0.7	0.06	0.06
Other Intangible Assets	336.22	311.91	242.53	214.24	168.45
Long-Term Deferred Tax Assets	316.91	326.12	304.79	208.61	182.19
Long-Term Deferred Charges	16.99	19.67	11.74	11.77	16.76
Other Long-Term Assets	73.05	62.6	156.11	37.54	124.78
Total Assets	8,957	9,336	9,558	8,337	7,523
Accounts Payable	1,057	1,321	1,257	1,289	1,164
Accrued Expenses	224.35	723.38	1,240	924.8	988.15
Short-Term Debt	1,098	1,348	933.45	607.8	-
Current Portion of Long-Term Debt	3.64	2.37	0.03	-	-
Current Portion of Leases	-	12.21	10.16	9.83	8.62
Current Income Taxes Payable	96.12	23.73	99.79	30.43	48
Current Unearned Revenue	124.28	135.74	44.18	96.58	164.36
Other Current Liabilities	750.47	154.25	284.78	49.91	86.71
Total Current Liabilities	3,353	3,720	3,869	3,008	2,460
Long-Term Debt	-	61.68	38.4	-	-
Long-Term Leases	1.09	2	5.61	0.8	5.57
Long-Term Unearned Revenue	114.12	123.29	134.8	98.42	104.48
Long-Term Deferred Tax Liabilities	6.52	5.53	28.95	49.11	46.51
Total Liabilities	3,475	3,913	4,077	3,157	2,616
Common Stock	1,286	1,294	1,336	1,315	1,312
Additional Paid-In Capital	316.96	46.61	779.11	677.87	650.39
Retained Earnings	4,085	3,846	3,846	3,594	3,373
Treasury Stock	-227.38	-78.49	-803.12	-688.93	-722.24
Comprehensive Income & Other	-	305.76	314.63	280.32	290.35
Total Common Equity	5,461	5,414	5,472	5,178	4,904
Minority Interest	21.36	9.47	9.01	2.63	3.25
Shareholders' Equity	5,482	5,423	5,481	5,181	4,907
Total Liabilities & Equity	8,957	9,336	9,558	8,337	7,523
Total Debt	1,102	1,426	987.66	618.44	14.18
Net Cash (Debt)	1,444	597.47	1,874	939.35	933.35
Net Cash Growth	141.62%	-68.12%	99.48%	0.64%	-9.58%
Net Cash Per Share	1.13	0.46	1.46	0.72	0.71
Filing Date Shares Outstanding	1,261	1,127	1,311	1,288	1,286
Total Common Shares Outstanding	1,261	1,127	1,311	1,288	1,286
Working Capital	1,953	1,765	1,912	1,691	1,293
Book Value Per Share	4.33	4.80	4.17	4.02	3.81
Tangible Book Value	5,124	5,101	5,229	4,964	4,735
Tangible Book Value Per Share	4.06	4.53	3.99	3.85	3.68
Buildings	-	1,669	1,413	1,372	1,341
Machinery	-	4,194	3,840	3,790	3,594
Construction In Progress	-	89.96	290.11	142.63	134.88

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.