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 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	1,638	2,436	1,581	2,155	1,325	875.05
Short-Term Investments	-	60	-	169.34	233	72.48
Trading Asset Securities	-	109.69	442.85	536.65	-	-
Cash & Short-Term Investments	1,638	2,606	2,024	2,861	1,558	947.53
Cash Growth	-16.86%	28.77%	-29.28%	83.69%	64.41%	-19.37%
Accounts Receivable	814.2	962.63	990.23	1,475	1,096	1,180
Other Receivables	19.67	20.58	18.7	20.46	16.92	12.35
Receivables	833.86	1,051	1,211	1,495	1,112	1,193
Inventory	1,383	1,464	2,059	1,329	1,912	1,468
Other Current Assets	746.07	183.77	191.09	95.53	117.25	144.81
Total Current Assets	4,601	5,306	5,485	5,781	4,699	3,752
Property, Plant & Equipment	2,864	2,901	3,121	3,059	3,166	3,279
Long-Term Investments	6.09	6.08	8.67	2.48	-	-
Goodwill	0.7	0.7	0.7	0.7	0.06	0.06
Other Intangible Assets	330.15	336.22	311.91	242.53	214.24	168.45
Long-Term Deferred Tax Assets	328.95	316.91	326.12	304.79	208.61	182.19
Long-Term Deferred Charges	17.41	16.99	19.67	11.74	11.77	16.76
Other Long-Term Assets	82.54	73.05	62.6	156.11	37.54	124.78
Total Assets	8,231	8,957	9,336	9,558	8,337	7,523
Accounts Payable	947.95	1,057	1,321	1,257	1,289	1,164
Accrued Expenses	191.55	934.71	723.38	1,240	924.8	988.15
Short-Term Debt	592.1	1,098	1,348	933.45	607.8	-
Current Portion of Long-Term Debt	-	-	2.37	0.03	-	-
Current Portion of Leases	-	3.64	12.21	10.16	9.83	8.62
Current Income Taxes Payable	-	44.68	23.73	99.79	30.43	48
Current Unearned Revenue	86.09	124.28	135.74	44.18	96.58	164.36
Other Current Liabilities	702.42	91.56	154.25	284.78	49.91	86.71
Total Current Liabilities	2,520	3,353	3,720	3,869	3,008	2,460
Long-Term Debt	-	-	61.68	38.4	-	-
Long-Term Leases	5.49	1.09	2	5.61	0.8	5.57
Long-Term Unearned Revenue	116.56	114.12	123.29	134.8	98.42	104.48
Long-Term Deferred Tax Liabilities	6.03	6.52	5.53	28.95	49.11	46.51
Total Liabilities	2,648	3,475	3,913	4,077	3,157	2,616
Common Stock	1,286	1,286	1,294	1,336	1,315	1,312
Additional Paid-In Capital	335.87	5.85	46.61	779.11	677.87	650.39
Retained Earnings	4,187	4,085	3,846	3,846	3,594	3,373
Treasury Stock	-250.49	-227.38	-78.49	-803.12	-688.93	-722.24
Comprehensive Income & Other	-	311.11	305.76	314.63	280.32	290.35
Total Common Equity	5,559	5,461	5,414	5,472	5,178	4,904
Minority Interest	23.69	21.36	9.47	9.01	2.63	3.25
Shareholders' Equity	5,583	5,482	5,423	5,481	5,181	4,907
Total Liabilities & Equity	8,231	8,957	9,336	9,558	8,337	7,523
Total Debt	597.59	1,102	1,426	987.66	618.44	14.18
Net Cash (Debt)	1,041	1,504	597.47	1,874	939.35	933.35
Net Cash Growth	325.59%	151.66%	-68.12%	99.48%	0.64%	-9.58%
Net Cash Per Share	0.83	1.18	0.46	1.46	0.72	0.71
Filing Date Shares Outstanding	1,283	1,261	1,127	1,311	1,288	1,286
Total Common Shares Outstanding	1,283	1,261	1,127	1,311	1,288	1,286
Working Capital	2,081	1,953	1,765	1,912	1,691	1,293
Book Value Per Share	4.33	4.33	4.80	4.17	4.02	3.81
Tangible Book Value	5,228	5,124	5,101	5,229	4,964	4,735
Tangible Book Value Per Share	4.07	4.06	4.53	3.99	3.85	3.68
Buildings	-	1,731	1,669	1,413	1,372	1,341
Machinery	-	4,327	4,194	3,840	3,790	3,594
Construction In Progress	-	41.85	89.96	290.11	142.63	134.88

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