Kaishan Group 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	Dec '21 Dec 31, 2021
Cash & Equivalents	2,575	2,630	3,224	629.06	683.92	977.26
Cash & Short-Term Investments	2,575	2,630	3,224	629.06	683.92	977.26
Cash Growth	-22.08%	-18.41%	412.55%	-8.02%	-30.02%	-43.20%
Accounts Receivable	1,192	1,118	1,240	1,475	1,207	1,110
Other Receivables	46.24	35.55	58.75	57.89	64.57	88.58
Receivables	1,238	1,154	1,298	1,533	1,272	1,199
Inventory	1,980	1,796	1,456	1,343	1,486	1,272
Prepaid Expenses	-	-	11.71	8.47	3.58	1.69
Other Current Assets	183.97	136.3	80.75	66.94	79.93	69.88
Total Current Assets	5,977	5,717	6,071	3,580	3,525	3,519
Property, Plant & Equipment	9,809	9,975	9,836	9,599	8,626	7,202
Long-Term Investments	180.47	184.33	93.44	76.71	68.72	64.6
Goodwill	179.61	179.61	194.61	194.61	200.6	205.72
Other Intangible Assets	500.52	508.17	499.54	434.93	357.73	334.74
Long-Term Accounts Receivable	-	-	144.85	142.84	137.74	-
Long-Term Deferred Tax Assets	242.35	246.63	231.91	205.29	186.78	161.13
Long-Term Deferred Charges	1.41	1.03	1.05	1.39	0.62	3.09
Other Long-Term Assets	205.88	179.28	5.76	5.17	9.12	117.54
Total Assets	17,096	16,991	17,078	14,239	13,112	11,608
Accounts Payable	1,434	1,327	1,376	1,632	1,637	1,831
Accrued Expenses	54.49	101.27	120.08	124.05	155.49	140.32
Short-Term Debt	2,428	2,407	3,402	2,734	2,700	2,232
Current Portion of Long-Term Debt	1,215	1,342	1,138	1,073	586.45	563.48
Current Portion of Leases	-	-	-	40.13	-	-
Current Income Taxes Payable	41.7	58.6	29.44	22.04	17.05	26.32
Current Unearned Revenue	544.14	543.45	467.09	398.56	276.58	370.81
Other Current Liabilities	100.06	110.57	64.77	59.37	66.12	66.59
Total Current Liabilities	5,818	5,890	6,598	6,083	5,438	5,231
Long-Term Debt	4,375	4,197	3,689	1,674	1,654	1,371
Long-Term Leases	-	-	-	70.27	-	-
Long-Term Unearned Revenue	6.48	7.27	10.42	13.57	17.34	21.12
Pension & Post-Retirement Benefits	-	-	42.85	39.55	34.67	32.94
Long-Term Deferred Tax Liabilities	21.2	20.03	17.89	17.47	28.74	22.47
Other Long-Term Liabilities	216.83	227.16	164	130.37	125.07	4.42
Total Liabilities	10,438	10,341	10,523	8,028	7,298	6,683
Common Stock	993.64	993.64	993.64	993.64	993.64	993.64
Additional Paid-In Capital	2,401	2,401	2,392	2,396	2,409	2,412
Retained Earnings	2,999	2,920	2,661	2,427	2,093	1,685
Comprehensive Income & Other	244.49	315.61	476.65	375.23	293.13	-169.74
Total Common Equity	6,639	6,630	6,523	6,192	5,789	4,921
Minority Interest	19.61	19.61	32.38	19.14	25.59	4.45
Shareholders' Equity	6,658	6,650	6,555	6,211	5,814	4,925
Total Liabilities & Equity	17,096	16,991	17,078	14,239	13,112	11,608
Total Debt	8,019	7,946	8,230	5,591	4,940	4,167
Net Cash (Debt)	-5,443	-5,315	-5,005	-4,962	-4,256	-3,189
Net Cash Per Share	-5.51	-5.40	-5.00	-5.04	-4.27	-3.26
Filing Date Shares Outstanding	995.72	955.86	993.64	993.64	993.64	993.64
Total Common Shares Outstanding	995.72	955.86	993.64	993.64	993.64	993.64
Working Capital	158.98	-173.01	-527.37	-2,503	-1,913	-1,712
Book Value Per Share	6.67	6.94	6.56	6.23	5.83	4.95
Tangible Book Value	5,959	5,942	5,829	5,563	5,230	4,380
Tangible Book Value Per Share	5.98	6.22	5.87	5.60	5.26	4.41
Buildings	-	-	720.67	733.62	728.37	709.92
Machinery	-	-	10,842	9,036	7,619	4,408
Construction In Progress	-	-	653.25	1,844	1,959	3,513

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