Shiyan Taixiang Industry 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	77.38	205.04	208.85	227.29	288.39	264.16
Short-Term Investments	-	-	-	-	0.36	-
Trading Asset Securities	183.45	46.35	79	47.76	135.37	217.79
Cash & Short-Term Investments	260.83	251.39	287.85	275.05	424.13	481.95
Cash Growth	-3.48%	-12.67%	4.65%	-35.15%	-12.00%	10.69%
Accounts Receivable	149.95	157.03	129.2	141.23	49.73	36.38
Other Receivables	1.64	1.18	2.36	0.87	0.89	0.59
Receivables	151.58	158.2	131.55	142.1	50.62	36.97
Inventory	55.54	55.62	51.4	48.64	13.29	12.97
Prepaid Expenses	-	-	-	-	-	0.06
Other Current Assets	7	7.14	4.71	7.66	0.56	0.1
Total Current Assets	474.94	472.35	475.51	473.46	488.6	532.05
Property, Plant & Equipment	278.3	264.28	244.48	234.33	44.52	48.88
Long-Term Investments	10.5	10.5	10.5	10.5	10.5	10.5
Goodwill	8.5	8.5	8.5	8.5	-	-
Other Intangible Assets	69.06	68.82	56.25	58.42	4.33	4.67
Long-Term Deferred Tax Assets	4	3.59	1.86	2.68	2.17	0.64
Long-Term Deferred Charges	16.84	14.66	13.49	18.34	1.02	0.34
Other Long-Term Assets	41.88	46.89	14.3	16.53	54.18	-
Total Assets	904.02	889.59	824.89	822.76	605.31	597.08
Accounts Payable	130.65	131.49	88.31	72.68	16.27	15.22
Accrued Expenses	7.35	10.38	11.88	9.36	6.5	4.86
Short-Term Debt	-	-	14.21	33.01	-	-
Current Portion of Long-Term Debt	15	15.01	10.01	9.08	-	-
Current Income Taxes Payable	3.87	5.18	3.19	4.23	12.1	7.98
Current Unearned Revenue	0.06	0.05	0.02	0.07	0.06	0.07
Other Current Liabilities	7.41	1.67	3.34	7.93	0.25	0.49
Total Current Liabilities	164.34	163.78	130.96	136.36	35.19	28.61
Long-Term Debt	70.08	70.06	85.08	103.24	-	-
Long-Term Unearned Revenue	7.79	8.05	7.19	1.41	-	-
Long-Term Deferred Tax Liabilities	7.23	7.37	8.5	10.51	-	0.24
Total Liabilities	249.44	249.26	231.73	251.52	35.19	28.85
Common Stock	99.9	99.9	99.9	99.9	99.9	99.9
Additional Paid-In Capital	241.02	236.57	217.81	218.3	218.3	218.3
Retained Earnings	310.39	300.79	272.09	250.23	251.93	250.03
Comprehensive Income & Other	1.47	1.24	1.31	1.06	-	-
Total Common Equity	652.77	638.5	591.11	569.48	570.12	568.23
Minority Interest	1.81	1.83	2.05	1.76	-	-
Shareholders' Equity	654.58	640.32	593.16	571.24	570.12	568.23
Total Liabilities & Equity	904.02	889.59	824.89	822.76	605.31	597.08
Total Debt	85.08	85.07	109.3	145.34	-	-
Net Cash (Debt)	175.75	166.32	178.54	129.72	424.13	481.95
Net Cash Growth	0.35%	-6.85%	37.64%	-69.42%	-12.00%	10.69%
Net Cash Per Share	1.80	1.67	1.79	1.29	4.25	4.79
Filing Date Shares Outstanding	95.97	97.87	99.9	99.9	99.9	99.9
Total Common Shares Outstanding	95.97	97.87	99.9	99.9	99.9	99.9
Working Capital	310.6	308.57	344.54	337.09	453.41	503.44
Book Value Per Share	6.80	6.52	5.92	5.70	5.71	5.69
Tangible Book Value	575.21	561.17	526.36	502.56	565.8	563.56
Tangible Book Value Per Share	5.99	5.73	5.27	5.03	5.66	5.64
Buildings	-	-	65.09	71.88	26.68	26.68
Machinery	-	-	383.94	357.89	65.67	64.48
Construction In Progress	-	-	55.57	36.66	1.47	0.06

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