Fujian Minfa Aluminium 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	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	349.77	316.25	543.49	456.29	168.73	148.65
Short-Term Investments	-	-	-	-	51.51	97.8
Trading Asset Securities	454.96	417.8	133.72	149	45.09	105.21
Cash & Short-Term Investments	804.73	734.05	677.2	605.29	265.34	351.66
Cash Growth	6.50%	8.39%	11.88%	128.12%	-24.55%	62.99%
Accounts Receivable	544.09	617.45	863.64	699.95	548.48	318.79
Other Receivables	8.84	4.56	5.16	5.37	6.42	6.07
Receivables	552.93	622.01	868.81	705.32	554.9	324.87
Inventory	396.88	276.21	314.57	325.06	318.39	245.43
Other Current Assets	49.11	4.18	44.18	20.58	44.27	18.44
Total Current Assets	1,804	1,636	1,905	1,656	1,183	940.4
Property, Plant & Equipment	477.17	476.67	527.36	544.55	624.72	679.95
Long-Term Investments	46.87	59.95	60.41	60.93	64.78	70.51
Other Intangible Assets	87.92	88.46	90.66	93.29	95.03	96.91
Long-Term Deferred Tax Assets	1.96	0.82	2.73	10.42	11.17	8.09
Long-Term Deferred Charges	0.09	0.1	0.1	0.11	0.12	0.12
Other Long-Term Assets	90.28	70.94	19.44	17.35	13.95	18.5
Total Assets	2,508	2,333	2,605	2,383	1,993	1,814
Accounts Payable	100.54	86.63	163.86	117.83	118.79	159.99
Accrued Expenses	14.48	51.22	63.21	74.35	81.82	58.97
Short-Term Debt	749.57	561.01	733.59	573.49	221.86	76
Current Portion of Long-Term Debt	18.98	0.61	0.42	-	-	-
Current Income Taxes Payable	2.63	1.32	4.1	4.25	7.72	5.34
Current Unearned Revenue	36.69	24.89	26.86	33.7	42.97	48.82
Other Current Liabilities	38.61	44.76	39.57	48.93	39.34	15.97
Total Current Liabilities	961.5	770.44	1,032	852.56	512.5	365.08
Long-Term Debt	-	18.5	23.5	-	-	-
Long-Term Unearned Revenue	26.51	17.71	3.93	4.05	4.76	4.43
Long-Term Deferred Tax Liabilities	-	-	-	7.5	7.65	7.24
Total Liabilities	988.01	806.65	1,059	864.12	524.91	376.74
Common Stock	938.63	938.63	938.63	988.09	988.09	988.09
Additional Paid-In Capital	95.84	95.84	95.91	221.24	221.24	221.24
Retained Earnings	484.05	492.16	508.93	482.07	432.15	402.07
Treasury Stock	-	-	-	-174.8	-174.8	-174.8
Comprehensive Income & Other	-0.15	-	-	-	-	-
Total Common Equity	1,518	1,527	1,543	1,517	1,467	1,437
Minority Interest	1.56	0.1	2.95	2.18	1.06	1.14
Shareholders' Equity	1,520	1,527	1,546	1,519	1,468	1,438
Total Liabilities & Equity	2,508	2,333	2,605	2,383	1,993	1,814
Total Debt	768.55	580.13	757.51	573.49	221.86	76
Net Cash (Debt)	36.18	153.93	-80.31	31.8	43.48	275.67
Net Cash Growth	-60.99%	-	-	-26.87%	-84.23%	161.11%
Net Cash Per Share	0.03	0.15	-0.09	0.03	0.04	0.31
Filing Date Shares Outstanding	938.63	938.63	938.63	938.63	938.63	938.63
Total Common Shares Outstanding	938.63	938.63	938.63	938.63	938.63	938.63
Working Capital	842.14	866.01	873.15	803.69	670.4	575.32
Book Value Per Share	1.62	1.63	1.64	1.62	1.56	1.53
Tangible Book Value	1,430	1,438	1,453	1,423	1,372	1,340
Tangible Book Value Per Share	1.52	1.53	1.55	1.52	1.46	1.43
Buildings	-	480.04	474.04	445.36	413.99	409.43
Machinery	-	556.31	609.25	599.58	590.3	575.42
Construction In Progress	-	20.39	4.47	14.81	39.31	29.52

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