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 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	Jan '22 Jan 1, 2022
Cash & Equivalents	215.08	301.58	316.25	543.49	456.29	168.73
Short-Term Investments	-	-	-	-	-	51.51
Trading Asset Securities	240.32	373.85	417.8	133.72	149	45.09
Cash & Short-Term Investments	455.4	675.43	734.05	677.2	605.29	265.34
Cash Growth	-32.32%	-7.99%	8.39%	11.88%	128.12%	-24.55%
Accounts Receivable	566	670.48	617.45	863.64	699.95	548.48
Other Receivables	5.74	5.31	4.56	5.16	5.37	6.42
Receivables	571.74	675.78	622.01	868.81	705.32	554.9
Inventory	413.93	312.84	276.21	314.57	325.06	318.39
Other Current Assets	127.71	137.58	4.18	44.18	20.58	44.27
Total Current Assets	1,569	1,802	1,636	1,905	1,656	1,183
Property, Plant & Equipment	484.17	490.42	476.67	527.36	544.55	624.72
Long-Term Investments	45.58	45.59	59.95	60.41	60.93	64.78
Other Intangible Assets	87.26	88.09	88.46	90.66	93.29	95.03
Long-Term Deferred Tax Assets	9.23	11.15	0.82	2.73	10.42	11.17
Long-Term Deferred Charges	0.09	0.09	0.1	0.1	0.11	0.12
Other Long-Term Assets	51.48	50.93	70.94	19.44	17.35	13.95
Total Assets	2,247	2,488	2,333	2,605	2,383	1,993
Accounts Payable	132.34	112.34	86.63	163.86	117.83	118.79
Accrued Expenses	21.62	21.88	51.22	63.21	74.35	81.82
Short-Term Debt	464.8	710.59	561.01	733.59	573.49	221.86
Current Portion of Long-Term Debt	18.63	18.51	0.61	0.42	-	-
Current Income Taxes Payable	2.7	9.87	1.32	4.1	4.25	7.72
Current Unearned Revenue	27.91	31.93	24.89	26.86	33.7	42.97
Other Current Liabilities	43.49	58.04	44.76	39.57	48.93	39.34
Total Current Liabilities	711.49	963.16	770.44	1,032	852.56	512.5
Long-Term Debt	-	-	18.5	23.5	-	-
Long-Term Unearned Revenue	25.96	26.24	17.71	3.93	4.05	4.76
Long-Term Deferred Tax Liabilities	-	-	-	-	7.5	7.65
Total Liabilities	737.45	989.4	806.65	1,059	864.12	524.91
Common Stock	938.63	938.63	938.63	938.63	988.09	988.09
Additional Paid-In Capital	95.84	95.84	95.84	95.91	221.24	221.24
Retained Earnings	472.99	462.45	492.16	508.93	482.07	432.15
Treasury Stock	-	-	-	-	-174.8	-174.8
Comprehensive Income & Other	0.05	-	-	-	-	-
Total Common Equity	1,508	1,497	1,527	1,543	1,517	1,467
Minority Interest	1.64	1.6	0.1	2.95	2.18	1.06
Shareholders' Equity	1,509	1,499	1,527	1,546	1,519	1,468
Total Liabilities & Equity	2,247	2,488	2,333	2,605	2,383	1,993
Total Debt	483.44	729.11	580.13	757.51	573.49	221.86
Net Cash (Debt)	-28.04	-53.67	153.93	-80.31	31.8	43.48
Net Cash Growth	-	-	-	-	-26.87%	-84.23%
Net Cash Per Share	-0.03	-0.05	0.15	-0.09	0.03	0.04
Filing Date Shares Outstanding	940.65	1,131	938.63	938.63	938.63	938.63
Total Common Shares Outstanding	940.65	1,131	938.63	938.63	938.63	938.63
Working Capital	857.29	838.47	866.01	873.15	803.69	670.4
Book Value Per Share	1.60	1.32	1.63	1.64	1.62	1.56
Tangible Book Value	1,420	1,409	1,438	1,453	1,423	1,372
Tangible Book Value Per Share	1.51	1.25	1.53	1.55	1.52	1.46
Buildings	-	-	480.04	474.04	445.36	413.99
Machinery	-	-	556.31	609.25	599.58	590.3
Construction In Progress	-	-	20.39	4.47	14.81	39.31

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