JL Mag Rare-Earth Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,211	2,071	3,886	4,130	1,500
Short-Term Investments	823.67	97.26	-	-	-
Trading Asset Securities	202.9	186.18	209.51	143.47	7.23
Cash & Short-Term Investments	4,237	2,354	4,095	4,274	1,507
Cash Growth	79.97%	-42.51%	-4.17%	183.64%	98.41%
Accounts Receivable	3,343	2,359	2,345	2,838	1,631
Other Receivables	-	-	45.63	10.18	2.84
Receivables	3,343	2,359	2,390	2,848	1,633
Inventory	2,777	2,178	2,213	1,931	1,324
Restricted Cash	140.78	611.86	-	-	-
Other Current Assets	299.3	188.09	137.36	73.91	100.54
Total Current Assets	10,797	7,692	8,836	9,127	4,565
Property, Plant & Equipment	3,536	3,286	2,489	1,717	1,045
Long-Term Investments	328.69	879.52	19.76	18.44	3.5
Goodwill	64.43	64.43	-	-	-
Other Intangible Assets	47.93	57	217.12	217.68	197.23
Long-Term Deferred Tax Assets	26.18	3.78	0.56	1.74	5
Long-Term Deferred Charges	-	-	2.98	6	25.74
Other Long-Term Assets	526.72	314.48	260.4	132.74	209.47
Total Assets	15,327	12,297	11,826	11,220	6,051
Accounts Payable	3,577	3,058	2,910	2,603	1,018
Accrued Expenses	162.03	101.47	86.14	76.38	61.69
Short-Term Debt	-	-	400.88	945.5	1,128
Current Portion of Long-Term Debt	1,853	581.29	1.41	300.53	223.78
Current Portion of Leases	6.07	3.34	6.06	4.14	2.22
Current Income Taxes Payable	49.53	10.84	10.33	3.26	5.11
Current Unearned Revenue	85.64	39.79	287.71	23.9	29.59
Other Current Liabilities	252.03	291.16	281.38	154.1	99.62
Total Current Liabilities	5,985	4,086	3,983	4,111	2,568
Long-Term Debt	1,289	783	544.21	200	411.81
Long-Term Leases	8.58	3.33	9.05	7.07	4.63
Long-Term Unearned Revenue	294.05	250.25	201.9	82.7	92.29
Long-Term Deferred Tax Liabilities	66.25	57.07	50.14	31.62	7.68
Total Liabilities	7,643	5,180	4,789	4,433	3,084
Common Stock	1,376	1,372	1,345	837.96	710.97
Additional Paid-In Capital	-	-	4,003	4,475	1,292
Retained Earnings	-	-	1,829	1,483	989.87
Treasury Stock	-84.57	-160	-160.8	-16.54	-33.02
Comprehensive Income & Other	6,269	5,804	5.49	5.27	5.62
Total Common Equity	7,560	7,016	7,021	6,785	2,965
Minority Interest	123.28	101.42	15.67	2.92	0.95
Shareholders' Equity	7,684	7,117	7,037	6,788	2,966
Total Liabilities & Equity	15,327	12,297	11,826	11,220	6,051
Total Debt	3,157	1,371	961.62	1,457	1,771
Net Cash (Debt)	1,081	983.54	3,134	2,816	-264.06
Net Cash Growth	9.87%	-68.61%	11.26%	-	-
Net Cash Per Share	0.79	0.74	2.33	2.08	-0.24
Filing Date Shares Outstanding	1,368	1,410	1,337	1,341	1,338
Total Common Shares Outstanding	1,368	1,410	1,337	1,341	1,138
Working Capital	4,812	3,606	4,853	5,016	1,997
Book Value Per Share	5.53	4.98	5.25	5.06	2.61
Tangible Book Value	7,448	6,895	6,804	6,567	2,768
Tangible Book Value Per Share	5.45	4.89	5.09	4.90	2.43
Land	216.45	194.19	232.1	-	-
Buildings	1,598	1,111	661.49	591.82	310.52
Machinery	1,923	1,587	1,279	1,057	634.91
Construction In Progress	329.83	777.73	764.43	394.76	354.62

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