Advanced Fiber Resources (Zhuhai), Ltd. (SHE:300620)

SHE:300620 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	876.46	906.8	387.05	515.17	641.83	844.61
Short-Term Investments	-	-	-	-	-	50
Trading Asset Securities	240.19	41.09	-	50.2	130	-
Cash & Short-Term Investments	1,117	947.89	387.05	565.38	771.83	894.61
Cash Growth	55.17%	144.90%	-31.54%	-26.75%	-13.72%	166.66%
Accounts Receivable	577.96	409.08	330.69	267.32	244.6	171.27
Other Receivables	8.37	13.14	19.99	12.96	8.11	1.53
Receivables	586.34	422.22	350.69	280.28	252.7	172.8
Inventory	367.49	268.35	232.69	241.2	179.64	102.94
Other Current Assets	40.65	29.29	14.12	20.74	11.38	24.72
Total Current Assets	2,111	1,668	984.55	1,108	1,216	1,195
Property, Plant & Equipment	880.91	761.11	697.7	621.74	363.65	262.84
Long-Term Investments	10	10	10	-	-	-
Goodwill	232.35	232.35	109.86	109.86	109.86	109.86
Other Intangible Assets	176.32	162.73	111.34	35.57	35.79	30.8
Long-Term Deferred Tax Assets	103.77	69.11	45.89	34.87	11.69	12.55
Long-Term Deferred Charges	32.43	15.04	4.23	3.4	1.96	1.21
Other Long-Term Assets	28.88	33.6	37.16	48.83	29.35	9.47
Total Assets	3,576	2,952	2,001	1,962	1,768	1,622
Accounts Payable	290.66	172.78	105.06	144.25	62.37	49.55
Accrued Expenses	67.77	67.17	34.64	38.98	39.22	32.85
Short-Term Debt	384.34	322.97	-	0.1	2.88	-
Current Portion of Long-Term Debt	56.42	15.21	-	-	-	-
Current Portion of Leases	-	3.97	3.73	3.66	3.83	-
Current Income Taxes Payable	17.58	8.13	2.43	1.37	4.87	1.65
Current Unearned Revenue	8.96	10.73	14.57	10.02	4.43	1.95
Other Current Liabilities	51.4	64.52	37.67	36.13	55.99	92.05
Total Current Liabilities	877.13	665.47	198.1	234.5	173.6	178.05
Long-Term Debt	399.35	162.31	-	-	-	-
Long-Term Leases	31.29	0.15	1.81	5.29	8.61	-
Long-Term Unearned Revenue	142.2	151.06	82.9	55.39	46.22	35.08
Long-Term Deferred Tax Liabilities	11.57	7.92	11.98	14.62	3.85	4.98
Other Long-Term Liabilities	5.53	3.17	2.59	1.96	2.04	0.75
Total Liabilities	1,467	990.07	297.38	311.76	234.32	218.87
Common Stock	249.18	249.18	245.31	164.08	164.06	108.52
Additional Paid-In Capital	1,162	1,128	960.3	1,051	1,038	1,058
Retained Earnings	626.2	535.81	493.74	466.88	381.89	272.79
Treasury Stock	-	-	-7.2	-30.75	-38.02	-40.6
Comprehensive Income & Other	39.62	12.38	11.18	-1.02	-12.76	4.41
Total Common Equity	2,076	1,925	1,703	1,650	1,534	1,403
Minority Interest	32.21	36.43	-	-	-	-
Shareholders' Equity	2,109	1,962	1,703	1,650	1,534	1,403
Total Liabilities & Equity	3,576	2,952	2,001	1,962	1,768	1,622
Total Debt	871.41	504.61	5.54	9.05	15.33	-
Net Cash (Debt)	245.24	443.27	381.51	556.33	756.5	894.61
Net Cash Growth	-40.16%	16.19%	-31.42%	-26.46%	-15.44%	166.66%
Net Cash Per Share	0.97	1.78	1.56	2.26	3.09	3.65
Filing Date Shares Outstanding	249.18	249.18	245.31	246.12	246.09	244.16
Total Common Shares Outstanding	249.18	249.18	245.31	246.12	246.09	244.16
Working Capital	1,234	1,002	786.45	873.09	1,042	1,017
Book Value Per Share	8.33	7.73	6.94	6.70	6.23	5.75
Tangible Book Value	1,668	1,530	1,482	1,505	1,388	1,262
Tangible Book Value Per Share	6.69	6.14	6.04	6.11	5.64	5.17
Buildings	-	253.29	253.29	202.32	119.69	117.01
Machinery	-	557.92	491.38	401.61	233.52	221.32
Construction In Progress	-	208.53	144.6	150.85	105.9	7.34

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.