Qifeng New Material Co., Ltd. (SHE:002521)

Qifeng New Material Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	596.34	799	465.61	418.65	549.68	445.09
Trading Asset Securities	235.5	163.5	415.62	642.09	887.43	921.97
Cash & Short-Term Investments	831.85	962.5	881.23	1,061	1,437	1,367
Cash Growth	-8.20%	9.22%	-16.92%	-26.19%	5.12%	45.50%
Accounts Receivable	1,487	1,490	1,399	1,152	1,515	1,598
Other Receivables	0.89	0.93	0.69	1.26	1.11	1.73
Receivables	1,488	1,491	1,400	1,154	1,516	1,600
Inventory	585.88	567.11	447.11	684.82	505.31	336.53
Other Current Assets	130.23	108.09	60.2	94.45	66.74	42.61
Total Current Assets	3,036	3,129	2,788	2,994	3,525	3,346
Property, Plant & Equipment	1,570	1,610	1,426	1,299	1,210	1,230
Long-Term Investments	520.9	617.66	541.5	162.8	144.67	-
Goodwill	2.32	2.32	2.32	2.32	2.32	2.32
Other Intangible Assets	113.18	113.94	116.98	120.01	106.32	109.18
Long-Term Deferred Tax Assets	23.22	25.31	15.71	38.43	17.03	14.9
Long-Term Deferred Charges	1.71	1.88	2.73	3.21	2.02	2.36
Other Long-Term Assets	175.8	24.47	119.3	115.87	60.56	30.22
Total Assets	5,443	5,524	5,013	4,735	5,069	4,735
Accounts Payable	605.18	747.63	610.53	471.67	888.78	681.28
Accrued Expenses	72.93	66.27	63.35	65.34	55.48	56.86
Short-Term Debt	607.48	577.51	550.57	592.01	450.57	450.6
Current Portion of Leases	2.58	2.57	1.48	2.86	2.75	-
Current Income Taxes Payable	-	1.98	14.88	6.21	4.7	3.43
Current Unearned Revenue	81.33	73.15	19.15	25.27	48.95	46.9
Other Current Liabilities	13.69	12.77	4.51	6.19	8.89	9.5
Total Current Liabilities	1,383	1,482	1,264	1,170	1,460	1,249
Long-Term Leases	9.16	9.81	-	1.49	4.35	-
Long-Term Unearned Revenue	2.75	3.43	6.15	8.87	11.58	14.3
Long-Term Deferred Tax Liabilities	9.19	9.19	6.84	6.52	4.07	-
Total Liabilities	1,404	1,504	1,277	1,186	1,480	1,263
Common Stock	560.06	560.06	494.69	494.69	494.69	494.69
Additional Paid-In Capital	2,067	2,067	1,862	1,862	1,862	1,862
Retained Earnings	1,408	1,390	1,376	1,189	1,230	1,114
Total Common Equity	4,034	4,016	3,733	3,545	3,586	3,470
Minority Interest	3.99	3.5	3.1	3.24	2.5	1.51
Shareholders' Equity	4,038	4,020	3,736	3,549	3,589	3,472
Total Liabilities & Equity	5,443	5,524	5,013	4,735	5,069	4,735
Total Debt	619.23	589.89	552.05	596.36	457.67	450.6
Net Cash (Debt)	212.62	372.61	329.19	464.39	979.44	916.47
Net Cash Growth	-41.50%	13.19%	-29.11%	-52.59%	6.87%	63.92%
Net Cash Per Share	0.40	0.73	0.67	1.09	1.96	1.83
Filing Date Shares Outstanding	560.06	560.06	494.69	494.69	494.69	494.69
Total Common Shares Outstanding	560.06	560.06	494.69	494.69	494.69	494.69
Working Capital	1,653	1,647	1,524	1,824	2,065	2,098
Book Value Per Share	7.20	7.17	7.55	7.17	7.25	7.02
Tangible Book Value	3,919	3,900	3,613	3,423	3,478	3,359
Tangible Book Value Per Share	7.00	6.96	7.30	6.92	7.03	6.79
Buildings	-	859.15	721.96	630.59	656.52	615.09
Machinery	-	2,149	1,866	1,593	1,624	1,531
Construction In Progress	-	27.07	120.85	212.37	5.52	37.7

Updated Oct 11, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.