BSM Chemical 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	Jan '22 Jan 1, 2022
Cash & Equivalents	517.03	572.59	643.13	661.51	617.59	333.34
Trading Asset Securities	0.15	0.15	-	-	-	1.48
Cash & Short-Term Investments	517.18	572.73	643.13	661.51	617.59	334.83
Cash Growth	-15.60%	-10.95%	-2.78%	7.11%	84.45%	-19.43%
Accounts Receivable	288.68	248.37	222.54	195.69	229.41	162.85
Other Receivables	8.86	12.48	11.33	4.65	2.99	4.71
Receivables	297.54	260.85	233.87	200.34	232.41	167.56
Inventory	216.28	274.75	176.12	169.58	89.09	62.58
Other Current Assets	110.99	100.37	99.96	72.22	40.53	72.21
Total Current Assets	1,142	1,209	1,153	1,104	979.61	637.17
Property, Plant & Equipment	1,119	1,103	1,090	931.94	690.69	467.46
Long-Term Investments	72.3	73.2	78.27	83.04	171.04	73.49
Goodwill	275.67	275.67	275.67	275.67	-	-
Other Intangible Assets	482.31	488.22	467.72	443.5	173.66	176.73
Long-Term Deferred Tax Assets	77.2	73.63	51.53	24.04	9.82	1.93
Long-Term Deferred Charges	4.25	5.34	12.5	9.48	-	-
Other Long-Term Assets	88.28	71.55	33.74	52.35	75.92	41.42
Total Assets	3,261	3,299	3,163	2,924	2,101	1,398
Accounts Payable	398.28	472.27	421.67	430.46	114.59	85.92
Accrued Expenses	12.44	28.14	33.99	30.49	21.96	15.82
Short-Term Debt	381.56	347.69	202.58	139.52	136.43	105.46
Current Portion of Long-Term Debt	135.36	175.66	79.75	80.57	29.74	49.55
Current Portion of Leases	-	-	0.85	0.55	0.45	-
Current Income Taxes Payable	9.28	8.89	3.07	3.31	10.38	0.12
Current Unearned Revenue	6.8	42.73	24.2	26.36	16.43	23.43
Other Current Liabilities	31.67	6.53	45.83	92.63	1.92	2.45
Total Current Liabilities	975.39	1,082	811.94	803.9	331.91	282.76
Long-Term Debt	460.92	392.43	519.02	304.58	105.39	26.03
Long-Term Leases	2.16	0.09	1.04	2.12	3.06	-
Long-Term Unearned Revenue	29.11	29.91	33.13	28.87	28.89	0.11
Long-Term Deferred Tax Liabilities	30.83	31.58	34.58	37.61	-	0.22
Other Long-Term Liabilities	-	-	-	43.5	-	-
Total Liabilities	1,498	1,536	1,400	1,221	469.24	309.12
Common Stock	361.14	361.14	361.14	361.14	200.63	121.15
Additional Paid-In Capital	942.85	942.85	940.09	823.6	984.1	671.24
Retained Earnings	464.88	461.92	437.85	485.15	420.82	276.53
Treasury Stock	-53.23	-53.23	-34.75	-	-	-
Comprehensive Income & Other	0.45	1.96	3.67	4.28	1.48	-
Total Common Equity	1,716	1,715	1,708	1,674	1,607	1,069
Minority Interest	46.05	48.58	55.04	28.91	24.46	20.17
Shareholders' Equity	1,762	1,763	1,763	1,703	1,632	1,089
Total Liabilities & Equity	3,261	3,299	3,163	2,924	2,101	1,398
Total Debt	980	915.86	803.24	527.34	275.07	181.04
Net Cash (Debt)	-462.82	-343.13	-160.11	134.17	342.52	153.79
Net Cash Growth	-	-	-	-60.83%	122.72%	-49.59%
Net Cash Per Share	-1.64	-1.14	-0.44	0.36	0.96	0.52
Filing Date Shares Outstanding	296.41	164.55	357.6	361.14	361.14	305.3
Total Common Shares Outstanding	296.41	164.55	357.6	361.14	361.14	305.3
Working Capital	166.6	126.81	341.14	299.74	647.7	354.41
Book Value Per Share	5.79	10.42	4.78	4.64	4.45	3.50
Tangible Book Value	958.12	950.76	964.61	955.01	1,433	892.18
Tangible Book Value Per Share	3.23	5.78	2.70	2.64	3.97	2.92
Buildings	-	-	479.64	327.17	200.14	198.15
Machinery	-	-	648.5	393.51	354.05	361.74
Construction In Progress	-	-	277.83	448.01	323.63	72.94

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