Shandong Dawn Polymer 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	1,088	660.89	502.37	481.49	371.97	358.06
Trading Asset Securities	-	0.08	-	50.38	451.73	1.61
Cash & Short-Term Investments	1,088	660.98	502.37	531.87	823.7	359.67
Cash Growth	85.90%	31.57%	-5.55%	-35.43%	129.01%	-51.76%
Accounts Receivable	3,003	2,970	2,500	1,765	1,713	1,021
Other Receivables	26.29	-	-	-	-	-
Receivables	3,029	2,971	2,500	1,765	1,714	1,022
Inventory	994.69	883.46	790.57	565.89	534.98	443.55
Other Current Assets	431.87	284.86	246.74	174.47	299.84	161.98
Total Current Assets	5,544	4,800	4,040	3,037	3,372	1,987
Property, Plant & Equipment	2,334	1,890	1,709	1,519	1,156	798.99
Long-Term Investments	184.33	186.61	140.75	134.27	127.7	120.05
Goodwill	40.24	40.24	40.24	40.24	26.93	26.93
Other Intangible Assets	423.54	322.9	324.39	306.36	189.6	122.11
Long-Term Deferred Tax Assets	46.75	36.2	27.16	26.92	23.01	20.73
Long-Term Deferred Charges	14.88	15.39	15.21	10.76	11.68	5.89
Other Long-Term Assets	90.85	88.42	41.36	20.91	39.74	69.44
Total Assets	8,678	7,380	6,338	5,096	4,946	3,151
Accounts Payable	582.33	301.29	295.52	262.56	266.64	200.86
Accrued Expenses	28.6	38.7	30.21	52.3	49.21	52.8
Short-Term Debt	1,387	1,241	888.06	473.63	292.53	163.17
Current Portion of Long-Term Debt	143.32	-	-	-	-	-
Current Portion of Leases	-	8.81	5.46	7.27	3.06	1.07
Current Income Taxes Payable	77.54	14.26	4.28	6.5	1.3	6.99
Current Unearned Revenue	56.92	37.38	51.7	35.86	70.16	43.89
Other Current Liabilities	1,579	1,411	1,146	530.8	721.97	101.66
Total Current Liabilities	3,855	3,053	2,422	1,369	1,405	570.44
Long-Term Debt	527.39	371.6	501.04	351.26	333	285.46
Long-Term Leases	19.6	19.39	19.63	25.11	5.09	3.63
Long-Term Unearned Revenue	95.19	89.28	82.36	80.1	81.1	88.91
Long-Term Deferred Tax Liabilities	78.95	15.36	14.94	18.72	14.77	13.99
Total Liabilities	4,576	3,548	3,040	1,844	1,839	962.44
Common Stock	478.4	478.4	448.05	448.03	447.6	409.25
Additional Paid-In Capital	1,247	1,247	847.94	847.26	843.02	108.6
Retained Earnings	2,080	1,961	1,832	1,720	1,611	1,481
Treasury Stock	-49.33	-49.33	-99.01	-29.98	-0.09	-5.47
Comprehensive Income & Other	1.99	3.31	90.25	94.51	97.59	95.8
Total Common Equity	3,758	3,640	3,120	3,080	2,999	2,090
Minority Interest	344.48	191.67	178.44	172.12	108.12	99.1
Shareholders' Equity	4,103	3,832	3,298	3,252	3,108	2,189
Total Liabilities & Equity	8,678	7,380	6,338	5,096	4,946	3,151
Total Debt	2,077	1,641	1,414	857.26	633.68	453.34
Net Cash (Debt)	-989.16	-980.19	-911.82	-325.4	190.02	-93.67
Net Cash Per Share	-2.11	-2.13	-2.07	-0.72	0.45	-0.23
Filing Date Shares Outstanding	476.36	473.66	438.51	445.7	447.6	409.25
Total Common Shares Outstanding	476.36	473.66	438.51	445.7	447.6	409.25
Working Capital	1,689	1,747	1,618	1,669	1,967	1,417
Book Value Per Share	7.89	7.69	7.11	6.91	6.70	5.11
Tangible Book Value	3,294	3,277	2,755	2,733	2,783	1,941
Tangible Book Value Per Share	6.92	6.92	6.28	6.13	6.22	4.74
Land	-	3.18	2.38	2.9	3.4	-
Buildings	-	1,027	773.05	515.87	230.47	228.23
Machinery	-	1,422	1,238	873.29	730.28	671.41
Construction In Progress	-	115.99	274.88	619.68	614.65	260.71

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