Wankai New Materials Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	2,712	3,064	2,040	3,927	610.15	513.45
Short-Term Investments	-	-	-	207.42	-	-
Trading Asset Securities	285.53	520.77	142.4	25.2	-	-
Cash & Short-Term Investments	2,998	3,585	2,183	4,159	610.15	513.45
Cash Growth	-38.25%	64.22%	-47.52%	581.66%	18.83%	-48.44%
Accounts Receivable	876.68	703.27	792.88	952.11	861.21	427.86
Other Receivables	139.48	145.27	55.95	68.5	81.62	141.9
Receivables	1,016	848.54	848.83	1,021	942.83	569.76
Inventory	3,157	3,691	3,536	2,457	1,907	1,237
Prepaid Expenses	-	-	0.03	-	-	-
Other Current Assets	1,077	746.1	622.28	647.07	558.47	259.16
Total Current Assets	8,248	8,870	7,190	8,284	4,018	2,579
Property, Plant & Equipment	8,432	8,138	3,965	3,250	2,708	1,911
Long-Term Investments	75.09	26.17	26.06	25.96	29.94	30
Other Intangible Assets	489.19	492.86	388.26	392.02	148.57	151
Long-Term Deferred Tax Assets	172.78	140.29	37.21	29.98	24.07	49.03
Long-Term Deferred Charges	21.58	28.43	41.36	22.06	25.05	26.48
Other Long-Term Assets	185.65	78.51	1,113	72.77	43.31	92.56
Total Assets	17,625	17,775	12,761	12,076	6,997	4,839
Accounts Payable	1,939	2,178	1,178	977.43	929.52	518.47
Accrued Expenses	42.13	78.89	85.88	88.78	63.49	32.48
Short-Term Debt	3,744	3,658	3,132	3,778	2,280	1,012
Current Portion of Long-Term Debt	309.28	249.13	521.18	40.47	68.72	45.93
Current Portion of Leases	-	9.59	4.3	-	3.7	-
Current Income Taxes Payable	42.46	1.11	5.65	46.3	16.27	4.71
Current Unearned Revenue	380.64	538	409.26	575.41	596.18	667.63
Other Current Liabilities	243.62	299.29	90.06	83.64	82.11	98.5
Total Current Liabilities	6,702	7,012	5,426	5,590	4,040	2,380
Long-Term Debt	3,363	3,892	726.98	137.03	762.69	626.65
Long-Term Leases	-	4.55	5.45	-	-	-
Long-Term Unearned Revenue	1,501	1,524	892.07	643.78	398.24	365.48
Long-Term Deferred Tax Liabilities	0.02	6.16	1.83	3.05	5.86	-
Other Long-Term Liabilities	-	-	-	13.89	-	120.03
Total Liabilities	11,566	12,438	7,053	6,388	5,207	3,492
Common Stock	573.25	515.09	515.09	343.4	257.55	257.55
Additional Paid-In Capital	4,116	3,508	3,508	3,956	1,027	1,026
Retained Earnings	1,347	1,346	1,723	1,389	505.7	63.79
Treasury Stock	-60.07	-60.07	-37.79	-	-	-
Comprehensive Income & Other	26.18	29.98	0.03	-	-	-
Total Common Equity	6,003	5,339	5,708	5,688	1,790	1,348
Minority Interest	56.05	-1.77	0.11	-	-	-
Shareholders' Equity	6,059	5,337	5,708	5,688	1,790	1,348
Total Liabilities & Equity	17,625	17,775	12,761	12,076	6,997	4,839
Total Debt	7,417	7,813	4,390	3,956	3,115	1,684
Net Cash (Debt)	-4,419	-4,228	-2,208	203.29	-2,505	-1,171
Net Cash Per Share	-8.53	-8.18	-4.30	0.42	-6.50	-3.04
Filing Date Shares Outstanding	568.65	510.5	512.38	515.09	515.09	386.32
Total Common Shares Outstanding	568.65	510.5	512.38	515.09	386.32	386.32
Working Capital	1,546	1,859	1,764	2,693	-22.03	199.67
Book Value Per Share	10.56	10.46	11.14	11.04	4.63	3.49
Tangible Book Value	5,514	4,846	5,320	5,296	1,642	1,197
Tangible Book Value Per Share	9.70	9.49	10.38	10.28	4.25	3.10
Buildings	-	1,387	1,330	1,050	875.08	694.71
Machinery	-	3,125	3,108	2,370	1,750	1,371
Construction In Progress	-	4,969	587.38	645.71	684.7	333.59

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