Fujian Newchoice Pipe Technology Co., Ltd. (SHE:300198)

SHE:300198 Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Jan 1, 2023	Jan 1, 2022	Dec 31, 2020
Cash & Equivalents	8.75	12.29	46.74	92.9	108.63	320.36
Trading Asset Securities	-	-	-	-	-	20.23
Cash & Short-Term Investments	8.75	12.29	46.74	92.9	108.63	340.59
Cash Growth	-81.67%	-73.70%	-49.68%	-14.48%	-68.11%	34.11%
Accounts Receivable	726.07	675.8	671.5	584.46	559.17	443.43
Other Receivables	58.16	50.83	44.91	51.95	147.63	113.85
Receivables	784.23	726.63	716.42	636.41	706.8	557.28
Inventory	31.77	35.02	42.92	69.84	94.22	119.57
Other Current Assets	34.3	32.74	38.37	51.66	87.91	95.85
Total Current Assets	859.05	806.69	844.45	850.8	997.56	1,113
Property, Plant & Equipment	208.75	219.88	263.74	303.75	336.04	371.6
Long-Term Investments	54.41	57.52	56.81	474.78	509.95	476.49
Other Intangible Assets	41.97	43.52	46.46	50.83	60.38	89.45
Long-Term Accounts Receivable	868.27	964.76	1,240	-	-	-
Long-Term Deferred Tax Assets	21.45	21.27	24.15	80.62	139.47	118.5
Long-Term Deferred Charges	0.77	0.82	0.98	1.15	1.62	2.53
Other Long-Term Assets	12.89	14.01	20.99	1,519	1,505	1,577
Total Assets	2,068	2,128	2,497	3,281	3,550	3,749
Accounts Payable	327.76	343.06	527.07	471.11	469.9	573.59
Accrued Expenses	70.15	74.69	68.33	82.07	28.14	13.85
Short-Term Debt	362.2	362.23	377.16	613.3	567.36	537.84
Current Portion of Long-Term Debt	347.75	224.16	122.45	116.58	112.54	69.65
Current Portion of Leases	0.45	1.4	0.68	13.5	20.71	10.63
Current Income Taxes Payable	17.07	11.42	3.11	5.36	2.92	13.46
Current Unearned Revenue	9.12	12.05	8.56	7.64	24.41	65.88
Other Current Liabilities	230.92	201.73	204.11	169.25	185.96	261.62
Total Current Liabilities	1,365	1,231	1,311	1,479	1,412	1,547
Long-Term Debt	525.74	650.69	669.45	580.58	618.75	618.25
Long-Term Leases	-	-	-	2.78	13.61	14.73
Long-Term Unearned Revenue	0.45	0.53	0.8	4.88	9.64	10.95
Long-Term Deferred Tax Liabilities	0.2	0.2	-	29.14	37.72	38.57
Other Long-Term Liabilities	128.75	121.08	89.15	110.94	59.36	40.1
Total Liabilities	2,021	2,003	2,071	2,207	2,151	2,269
Common Stock	1,032	1,032	1,032	1,032	1,032	1,032
Additional Paid-In Capital	63.52	63.52	63.52	63.52	67.65	63.52
Retained Earnings	-1,046	-969.16	-661.98	-35.23	272.54	354.24
Comprehensive Income & Other	1.02	1.05	0.54	0.55	0.06	0.13
Total Common Equity	50.26	126.96	433.63	1,060	1,372	1,449
Minority Interest	-3.26	-1.73	-7.06	13.87	26.94	30.7
Shareholders' Equity	47	125.24	426.57	1,074	1,399	1,480
Total Liabilities & Equity	2,068	2,128	2,497	3,281	3,550	3,749
Total Debt	1,236	1,238	1,170	1,327	1,333	1,251
Net Cash (Debt)	-1,227	-1,226	-1,123	-1,234	-1,224	-910.51
Net Cash Per Share	-1.19	-1.19	-1.09	-1.20	-1.19	-0.88
Filing Date Shares Outstanding	1,032	1,032	1,032	1,032	1,032	1,032
Total Common Shares Outstanding	1,032	1,032	1,032	1,032	1,032	1,032
Working Capital	-506.37	-424.04	-467.02	-628.01	-414.37	-433.24
Book Value Per Share	0.05	0.12	0.42	1.03	1.33	1.41
Tangible Book Value	8.29	83.44	387.17	1,010	1,311	1,360
Tangible Book Value Per Share	0.01	0.08	0.38	0.98	1.27	1.32
Buildings	210.88	210.88	210.88	210.88	227.47	-
Machinery	260.23	263.71	329.28	349.07	343.16	-
Construction In Progress	32.11	32.11	40.94	31.45	31.85	-

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