Guangdong Sanhe Pile 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	540.42	1,334	1,452	1,024	1,149	1,223
Trading Asset Securities	545.78	3.03	122.9	8.86	41.89	22.42
Cash & Short-Term Investments	1,086	1,337	1,575	1,033	1,190	1,245
Cash Growth	-8.81%	-15.12%	52.45%	-13.21%	-4.39%	95.10%
Accounts Receivable	2,197	2,040	1,659	1,404	1,022	951.38
Other Receivables	34.49	25.19	28.31	29.6	53.78	21.51
Receivables	2,231	2,065	1,687	1,433	1,076	972.89
Inventory	585.94	436.36	407.92	482.95	480.84	354.76
Prepaid Expenses	-	38.02	15.68	14.6	43.42	13.2
Other Current Assets	143.47	146.54	167.93	109.8	15.47	36.63
Total Current Assets	4,047	4,023	3,854	3,074	2,806	2,623
Property, Plant & Equipment	2,351	2,348	2,154	2,195	1,807	1,104
Long-Term Investments	37.12	37.55	9.02	2.15	4.13	12.77
Other Intangible Assets	368.19	472.52	466.33	315.47	310.21	305.54
Long-Term Deferred Tax Assets	45.6	42.13	35.12	32.27	32.18	27.97
Long-Term Deferred Charges	26.59	30.33	27.82	33.73	27.57	31.11
Other Long-Term Assets	60.26	37.68	50.73	47.32	136.72	100.19
Total Assets	6,936	6,991	6,597	5,699	5,123	4,204
Accounts Payable	1,001	1,106	979.06	1,130	1,121	965.81
Accrued Expenses	142.8	182.45	147.28	207.5	188.46	192.84
Short-Term Debt	1,101	1,013	773.15	887.09	791.61	571.64
Current Portion of Long-Term Debt	195.97	455.39	338.27	91.31	9	-
Current Portion of Leases	-	25.67	19.36	20.45	9.35	-
Current Income Taxes Payable	35.55	11.22	12.83	25.39	21.63	21.77
Current Unearned Revenue	96.61	112.15	101.18	132.62	101.71	214.03
Other Current Liabilities	595.81	602.49	598.74	623.32	588.34	766.41
Total Current Liabilities	3,168	3,508	2,970	3,117	2,831	2,733
Long-Term Debt	771.48	512.12	675.09	609.22	403.35	105.54
Long-Term Leases	111.76	135.23	111.96	140.55	144.25	-
Long-Term Unearned Revenue	41.64	43.93	31.16	33.08	32.54	33.5
Long-Term Deferred Tax Liabilities	1.78	0.89	1.18	2.58	3.52	4.93
Other Long-Term Liabilities	13.14	13.25	0.25	2.5	2.09	0.15
Total Liabilities	4,108	4,213	3,790	3,905	3,416	2,877
Common Stock	599.07	599.07	599.07	503.84	503.84	435.84
Additional Paid-In Capital	1,472	1,472	1,472	582.23	602.96	311.28
Retained Earnings	735.12	684.46	689.03	675.43	560.06	547.78
Treasury Stock	-20	-20	-	-	-	-
Comprehensive Income & Other	17.54	19.52	23.24	32.44	29.39	18.73
Total Common Equity	2,804	2,755	2,784	1,794	1,696	1,314
Minority Interest	23.82	22.43	23.36	-	10.67	13.43
Shareholders' Equity	2,828	2,778	2,807	1,794	1,707	1,327
Total Liabilities & Equity	6,936	6,991	6,597	5,699	5,123	4,204
Total Debt	2,180	2,141	1,918	1,749	1,358	677.18
Net Cash (Debt)	-1,094	-804.37	-342.79	-715.43	-167.15	567.87
Net Cash Growth	-	-	-	-	-	380.06%
Net Cash Per Share	-1.90	-1.27	-0.65	-1.42	-0.34	1.31
Filing Date Shares Outstanding	596.31	596.31	599.07	503.84	503.84	503.84
Total Common Shares Outstanding	596.31	596.31	599.07	503.84	503.84	435.84
Working Capital	878.59	515.2	884.05	-43.7	-24.73	-109.98
Book Value Per Share	4.70	4.62	4.65	3.56	3.37	3.01
Tangible Book Value	2,436	2,283	2,317	1,478	1,386	1,008
Tangible Book Value Per Share	4.08	3.83	3.87	2.93	2.75	2.31
Buildings	-	1,572	1,486	1,419	1,054	903.24
Machinery	-	2,024	1,936	1,843	1,319	1,174
Construction In Progress	-	273.57	103.31	81.73	417.72	120.27

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.