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

Qifeng New Material Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Cash & Equivalents	328.23	450.76	799	465.61	418.65	549.68
Short-Term Investments	52.57	331.52	-	-	-	-
Trading Asset Securities	652.37	590.09	163.5	415.62	642.09	887.43
Cash & Short-Term Investments	1,033	1,372	962.5	881.23	1,061	1,437
Cash Growth	16.04%	42.58%	9.22%	-16.92%	-26.19%	5.12%
Accounts Receivable	861.06	1,277	1,490	1,399	1,152	1,515
Other Receivables	439.2	1.06	0.93	0.69	1.26	1.11
Receivables	1,300	1,279	1,491	1,400	1,154	1,516
Inventory	586.93	575.42	567.11	447.11	684.82	505.31
Other Current Assets	57.95	103.32	108.09	60.2	94.45	66.74
Total Current Assets	2,978	3,330	3,129	2,788	2,994	3,525
Property, Plant & Equipment	1,412	1,493	1,610	1,426	1,299	1,210
Long-Term Investments	619.12	356.73	617.66	541.5	162.8	144.67
Goodwill	2.32	2.32	2.32	2.32	2.32	2.32
Other Intangible Assets	106.72	108.96	113.94	116.98	120.01	106.32
Long-Term Deferred Tax Assets	36.81	35.45	25.31	15.71	38.43	17.03
Long-Term Deferred Charges	1.18	1.76	1.88	2.73	3.21	2.02
Other Long-Term Assets	5.35	17.13	24.47	119.3	115.87	60.56
Total Assets	5,162	5,345	5,524	5,013	4,735	5,069

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Accounts Payable	535.16	587.54	747.63	610.53	471.67	888.78
Accrued Expenses	72.75	76.5	66.27	63.35	65.34	55.48
Short-Term Debt	501.43	542.39	577.51	550.57	592.01	450.57
Current Portion of Long-Term Debt	12.82	10.08	-	-	-	-
Current Portion of Leases	-	2.67	2.57	1.48	2.86	2.75
Current Income Taxes Payable	9.82	12.42	1.98	14.88	6.21	4.7
Current Unearned Revenue	43.23	51.1	73.15	19.15	25.27	48.95
Other Current Liabilities	9.8	10.95	12.77	4.51	6.19	8.89
Total Current Liabilities	1,185	1,294	1,482	1,264	1,170	1,460
Long-Term Debt	77	82	-	-	-	-
Long-Term Leases	5.07	7.14	9.81	-	1.49	4.35
Long-Term Unearned Revenue	0.67	1.08	3.43	6.15	8.87	11.58
Long-Term Deferred Tax Liabilities	10.42	10.42	9.19	6.84	6.52	4.07
Total Liabilities	1,278	1,394	1,504	1,277	1,186	1,480

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Common Stock	560.06	560.06	560.06	494.69	494.69	494.69
Additional Paid-In Capital	2,067	2,067	2,067	1,862	1,862	1,862
Retained Earnings	1,253	1,320	1,390	1,376	1,189	1,230
Total Common Equity	3,880	3,947	4,016	3,733	3,545	3,586
Minority Interest	3.36	3.13	3.5	3.1	3.24	2.5
Shareholders' Equity	3,884	3,950	4,020	3,736	3,549	3,589
Total Liabilities & Equity	5,162	5,345	5,524	5,013	4,735	5,069

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022
Total Debt	596.31	644.28	589.89	552.05	596.36	457.67
Net Cash (Debt)	436.86	728.08	372.61	329.19	464.39	979.44
Net Cash Growth	55.72%	95.40%	13.19%	-29.11%	-52.59%	6.87%
Net Cash Per Share	0.80	1.32	0.73	0.67	1.09	1.96
Filing Date Shares Outstanding	560.06	560.06	560.06	494.69	494.69	494.69
Total Common Shares Outstanding	560.06	560.06	560.06	494.69	494.69	494.69
Working Capital	1,793	2,036	1,647	1,524	1,824	2,065
Book Value Per Share	6.93	7.05	7.17	7.55	7.17	7.25
Tangible Book Value	3,771	3,836	3,900	3,613	3,423	3,478
Tangible Book Value Per Share	6.73	6.85	6.96	7.30	6.92	7.03
Buildings	-	894.04	859.15	721.96	630.59	656.52
Machinery	-	2,164	2,191	1,866	1,593	1,624
Construction In Progress	-	38.41	27.07	120.85	212.37	5.52

Data Source: S&P Global Market Intelligence Last updated: Oct 23, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 28, 2026

Data Sources Report a data error