Shandong Dawn Polymer Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	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	660.98	502.37	531.87	823.7	359.67
Cash Growth	31.57%	-5.55%	-35.43%	129.01%	-51.76%
Accounts Receivable	2,970	2,500	1,765	1,713	1,021
Receivables	2,971	2,500	1,765	1,714	1,022
Inventory	883.46	790.57	565.89	534.98	443.55
Other Current Assets	284.86	246.74	174.47	299.84	161.98
Total Current Assets	4,800	4,040	3,037	3,372	1,987
Property, Plant & Equipment	1,890	1,709	1,519	1,156	798.99
Long-Term Investments	186.61	140.75	134.27	127.7	120.05
Goodwill	40.24	40.24	40.24	26.93	26.93
Other Intangible Assets	322.9	324.39	306.36	189.6	122.11
Long-Term Deferred Tax Assets	36.2	27.16	26.92	23.01	20.73
Long-Term Deferred Charges	15.39	15.21	10.76	11.68	5.89
Other Long-Term Assets	88.42	41.36	20.91	39.74	69.44
Total Assets	7,380	6,338	5,096	4,946	3,151
Accounts Payable	301.29	295.52	262.56	266.64	200.86
Accrued Expenses	38.7	30.21	52.3	49.21	52.8
Short-Term Debt	1,241	888.06	473.63	292.53	163.17
Current Portion of Leases	8.81	5.46	7.27	3.06	1.07
Current Income Taxes Payable	14.26	4.28	6.5	1.3	6.99
Current Unearned Revenue	37.38	51.7	35.86	70.16	43.89
Other Current Liabilities	1,411	1,146	530.8	721.97	101.66
Total Current Liabilities	3,053	2,422	1,369	1,405	570.44
Long-Term Debt	371.6	501.04	351.26	333	285.46
Long-Term Leases	19.39	19.63	25.11	5.09	3.63
Long-Term Unearned Revenue	89.28	82.36	80.1	81.1	88.91
Long-Term Deferred Tax Liabilities	15.36	14.94	18.72	14.77	13.99
Total Liabilities	3,548	3,040	1,844	1,839	962.44
Common Stock	478.4	448.05	448.03	447.6	409.25
Additional Paid-In Capital	1,247	847.94	847.26	843.02	108.6
Retained Earnings	1,961	1,832	1,720	1,611	1,481
Treasury Stock	-49.33	-99.01	-29.98	-0.09	-5.47
Comprehensive Income & Other	3.31	90.25	94.51	97.59	95.8
Total Common Equity	3,640	3,120	3,080	2,999	2,090
Minority Interest	191.67	178.44	172.12	108.12	99.1
Shareholders' Equity	3,832	3,298	3,252	3,108	2,189
Total Liabilities & Equity	7,380	6,338	5,096	4,946	3,151
Total Debt	1,641	1,414	857.26	633.68	453.34
Net Cash (Debt)	-980.19	-911.82	-325.4	190.02	-93.67
Net Cash Per Share	-2.13	-2.07	-0.72	0.45	-0.23
Filing Date Shares Outstanding	473.66	438.51	445.7	447.6	409.25
Total Common Shares Outstanding	473.66	438.51	445.7	447.6	409.25
Working Capital	1,747	1,618	1,669	1,967	1,417
Book Value Per Share	7.69	7.11	6.91	6.70	5.11
Tangible Book Value	3,277	2,755	2,733	2,783	1,941
Tangible Book Value Per Share	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.