Guangdong Sanhe Pile Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	-	1,202	1,334	1,452	1,024	1,149
Short-Term Investments	-	-	-	147.15	-	-
Trading Asset Securities	-	92.29	3.03	122.9	8.86	41.89
Cash & Short-Term Investments	1,242	1,295	1,337	1,722	1,033	1,190
Cash Growth	-17.55%	-3.16%	-22.37%	66.69%	-13.21%	-4.39%
Accounts Receivable	-	2,018	2,040	1,659	1,404	1,022
Other Receivables	-	23.94	25.19	28.31	29.6	53.78
Receivables	-	2,042	2,065	1,687	1,433	1,076
Inventory	-	479.16	436.36	407.92	482.95	480.84
Prepaid Expenses	-	41.82	38.02	15.68	14.6	43.42
Other Current Assets	-	136.94	146.54	20.78	109.8	15.47
Total Current Assets	-	3,994	4,023	3,854	3,074	2,806
Property, Plant & Equipment	-	2,358	2,348	2,154	2,195	1,807
Long-Term Investments	-	97.31	37.55	9.02	2.15	4.13
Other Intangible Assets	-	385.66	472.52	466.33	315.47	310.21
Long-Term Deferred Tax Assets	-	36.3	42.13	35.12	32.27	32.18
Long-Term Deferred Charges	-	25.5	30.33	27.82	33.73	27.57
Other Long-Term Assets	-	27.84	37.68	50.73	47.32	136.72
Total Assets	-	6,925	6,991	6,597	5,699	5,123

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	-	999.64	1,106	979.06	1,130	1,121
Accrued Expenses	-	183.16	182.45	147.28	207.5	188.46
Short-Term Debt	-	1,167	1,013	773.15	887.09	791.61
Current Portion of Long-Term Debt	-	131.21	455.39	338.27	91.31	9
Current Portion of Leases	-	21.84	25.67	19.36	20.45	9.35
Current Income Taxes Payable	-	6.16	11.22	12.83	25.39	21.63
Current Unearned Revenue	-	74.92	112.15	101.18	132.62	101.71
Other Current Liabilities	-	576.44	602.49	598.74	623.32	588.34
Total Current Liabilities	-	3,161	3,508	2,970	3,117	2,831
Long-Term Debt	-	822.13	512.12	675.09	609.22	403.35
Long-Term Leases	-	92.71	135.23	111.96	140.55	144.25
Long-Term Unearned Revenue	-	40.25	43.93	31.16	33.08	32.54
Long-Term Deferred Tax Liabilities	-	1.4	0.89	1.18	2.58	3.52
Other Long-Term Liabilities	-	13.63	13.25	0.25	2.5	2.09
Total Liabilities	-	4,131	4,213	3,790	3,905	3,416

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
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	-	702.03	684.46	689.03	675.43	560.06
Treasury Stock	-	-20	-20	-	-	-
Comprehensive Income & Other	-	16.83	19.52	23.24	32.44	29.39
Total Common Equity	2,793	2,771	2,755	2,784	1,794	1,696
Minority Interest	-	23.02	22.43	23.36	-	10.67
Shareholders' Equity	2,816	2,794	2,778	2,807	1,794	1,707
Total Liabilities & Equity	-	6,925	6,991	6,597	5,699	5,123

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	2,364	2,235	2,141	1,918	1,749	1,358
Net Cash (Debt)	-1,122	-940.41	-804.37	-195.64	-715.43	-167.15
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.90	-1.59	-1.27	-0.37	-1.42	-0.34
Filing Date Shares Outstanding	596.23	596.31	596.31	599.07	503.84	503.84
Total Common Shares Outstanding	596.23	596.31	596.31	599.07	503.84	503.84
Working Capital	-	833.7	515.2	884.05	-43.7	-24.73
Book Value Per Share	4.68	4.65	4.62	4.65	3.56	3.37
Tangible Book Value	2,410	2,385	2,283	2,317	1,478	1,386
Tangible Book Value Per Share	4.04	4.00	3.83	3.87	2.93	2.75
Buildings	-	1,846	1,572	1,486	1,419	1,054
Machinery	-	2,251	2,024	1,936	1,843	1,319
Construction In Progress	-	22.24	273.57	103.31	81.73	417.72