Shandong Ruifeng Chemical 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	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	331.96	280.06	305.81	186.05	233.33	158.77
Trading Asset Securities	-	-	-	-	-	20
Cash & Short-Term Investments	331.96	280.06	305.81	186.05	233.33	178.77
Cash Growth	4.69%	-8.42%	64.37%	-20.26%	30.52%	123.53%
Accounts Receivable	651.48	614.54	525.82	509.27	452.06	423.59
Other Receivables	0.64	1.66	0.81	16.44	12.3	1.08
Receivables	652.12	616.2	526.63	525.71	464.35	424.67
Inventory	328.21	321.45	217.16	203.1	118.58	128.29
Prepaid Expenses	-	-	-	-	0.42	-
Other Current Assets	28.73	36.99	55.89	32.62	58.14	43.17
Total Current Assets	1,341	1,255	1,105	947.49	874.83	774.9
Property, Plant & Equipment	811.96	861.23	900.54	811.45	647.01	350.82
Long-Term Investments	3.79	4.07	5.14	0.64	0.66	0.64
Goodwill	-	-	-	-	-	14.8
Other Intangible Assets	99	93.82	96.62	99.42	75.69	73.47
Long-Term Deferred Tax Assets	27.85	24.96	18.87	20.99	17.18	16.05
Long-Term Deferred Charges	-	-	-	-	-	1.05
Other Long-Term Assets	56.46	46.62	47.04	61.51	72.96	85.36
Total Assets	2,340	2,285	2,174	1,942	1,688	1,317
Accounts Payable	91.27	121.48	140.87	137.79	133.34	95.34
Accrued Expenses	9.75	59.51	74.4	72.77	21.25	54.15
Short-Term Debt	488	413.34	322.7	314.75	177.18	364.13
Current Portion of Long-Term Debt	88.79	78.17	40.72	69	8.8	-
Current Portion of Leases	-	0.27	0.26	-	-	-
Current Income Taxes Payable	13.13	8.42	0.09	6.57	1.35	6.55
Current Unearned Revenue	8.35	9.73	10.54	11.62	10.41	11.19
Other Current Liabilities	45.69	10.3	10.09	10.28	47.87	13.85
Total Current Liabilities	744.97	701.2	599.67	622.78	400.21	545.22
Long-Term Debt	441.94	441.62	425.49	374.56	385.76	-
Long-Term Leases	-	-	0.27	-	-	-
Long-Term Unearned Revenue	4.7	5.37	7.42	8.67	8.32	9.37
Total Liabilities	1,192	1,148	1,033	1,006	794.3	554.58
Common Stock	250.43	250.43	250.42	232.33	232.32	232.32
Additional Paid-In Capital	177.85	177.85	177.76	75.76	67.54	65.3
Retained Earnings	646.62	634.76	637.66	552.36	519.1	454.11
Treasury Stock	-	-	-	-	-	-5.84
Comprehensive Income & Other	74.43	74.51	75.03	75.05	75.07	-0.05
Total Common Equity	1,149	1,138	1,141	935.49	894.04	745.84
Minority Interest	-0.86	-0.36	-0.02	-	-	16.67
Shareholders' Equity	1,148	1,137	1,141	935.49	894.04	762.51
Total Liabilities & Equity	2,340	2,285	2,174	1,942	1,688	1,317
Total Debt	1,019	933.39	789.43	758.31	571.74	364.13
Net Cash (Debt)	-686.77	-653.34	-483.62	-572.26	-338.41	-185.36
Net Cash Per Share	-3.11	-2.96	-2.04	-2.43	-1.42	-0.80
Filing Date Shares Outstanding	250.43	250.43	250.42	232.33	232.32	232.32
Total Common Shares Outstanding	250.43	250.43	250.42	232.33	232.32	232.32
Working Capital	596.04	553.49	505.82	324.71	474.61	229.68
Book Value Per Share	4.59	4.54	4.56	4.03	3.85	3.21
Tangible Book Value	1,050	1,044	1,044	836.07	818.35	657.57
Tangible Book Value Per Share	4.19	4.17	4.17	3.60	3.52	2.83
Buildings	-	492.74	478.44	382.3	325.55	257.83
Machinery	-	600.19	564.83	363.81	327.17	250.24
Construction In Progress	-	44.22	51.49	336.65	221.96	61.54

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