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 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	787.64	-	1,334	1,452	1,024	1,149
Trading Asset Securities	453.88	-	3.03	122.9	8.86	41.89
Cash & Short-Term Investments	1,242	-	1,337	1,575	1,033	1,190
Cash Growth	-3.11%	-	-15.12%	52.45%	-13.21%	-4.39%
Accounts Receivable	2,159	-	2,040	1,659	1,404	1,022
Other Receivables	35.1	-	25.19	28.31	29.6	53.78
Receivables	2,194	-	2,065	1,687	1,433	1,076
Inventory	461.52	-	436.36	407.92	482.95	480.84
Prepaid Expenses	-	-	38.02	15.68	14.6	43.42
Other Current Assets	123.59	-	146.54	167.93	109.8	15.47
Total Current Assets	4,020	-	4,023	3,854	3,074	2,806
Property, Plant & Equipment	2,317	-	2,348	2,154	2,195	1,807
Long-Term Investments	95.84	-	37.55	9.02	2.15	4.13
Other Intangible Assets	382.82	-	472.52	466.33	315.47	310.21
Long-Term Deferred Tax Assets	37.01	-	42.13	35.12	32.27	32.18
Long-Term Deferred Charges	24.87	-	30.33	27.82	33.73	27.57
Other Long-Term Assets	27.43	-	37.68	50.73	47.32	136.72
Total Assets	6,905	-	6,991	6,597	5,699	5,123
Accounts Payable	881.09	-	1,106	979.06	1,130	1,121
Accrued Expenses	128.85	-	182.45	147.28	207.5	188.46
Short-Term Debt	1,203	-	1,013	773.15	887.09	791.61
Current Portion of Long-Term Debt	137.33	-	455.39	338.27	91.31	9
Current Portion of Leases	-	-	25.67	19.36	20.45	9.35
Current Income Taxes Payable	26.58	-	11.22	12.83	25.39	21.63
Current Unearned Revenue	76.53	-	112.15	101.18	132.62	101.71
Other Current Liabilities	558.84	-	602.49	598.74	623.32	588.34
Total Current Liabilities	3,012	-	3,508	2,970	3,117	2,831
Long-Term Debt	951.95	-	512.12	675.09	609.22	403.35
Long-Term Leases	71.84	-	135.23	111.96	140.55	144.25
Long-Term Unearned Revenue	38.86	-	43.93	31.16	33.08	32.54
Long-Term Deferred Tax Liabilities	1.37	-	0.89	1.18	2.58	3.52
Other Long-Term Liabilities	13.39	-	13.25	0.25	2.5	2.09
Total Liabilities	4,089	-	4,213	3,790	3,905	3,416
Common Stock	599.07	-	599.07	599.07	503.84	503.84
Additional Paid-In Capital	1,473	-	1,472	1,472	582.23	602.96
Retained Earnings	723.94	-	684.46	689.03	675.43	560.06
Treasury Stock	-20	-	-20	-	-	-
Comprehensive Income & Other	16.6	-	19.52	23.24	32.44	29.39
Total Common Equity	2,793	-	2,755	2,784	1,794	1,696
Minority Interest	23.41	-	22.43	23.36	-	10.67
Shareholders' Equity	2,816	-	2,778	2,807	1,794	1,707
Total Liabilities & Equity	6,905	-	6,991	6,597	5,699	5,123
Total Debt	2,364	-	2,141	1,918	1,749	1,358
Net Cash (Debt)	-1,122	-	-804.37	-342.79	-715.43	-167.15
Net Cash Per Share	-1.90	-	-1.27	-0.65	-1.42	-0.34
Filing Date Shares Outstanding	595.58	511.78	596.31	599.07	503.84	503.84
Total Common Shares Outstanding	595.58	511.78	596.31	599.07	503.84	503.84
Working Capital	1,008	-	515.2	884.05	-43.7	-24.73
Book Value Per Share	4.69	-	4.62	4.65	3.56	3.37
Tangible Book Value	2,410	-	2,283	2,317	1,478	1,386
Tangible Book Value Per Share	4.05	-	3.83	3.87	2.93	2.75
Buildings	-	-	1,572	1,486	1,419	1,054
Machinery	-	-	2,024	1,936	1,843	1,319
Construction In Progress	29.11	-	273.57	103.31	81.73	417.72

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