Wankai New Materials Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	3,001	2,041	3,064	2,040	3,927	610.15
Short-Term Investments	-	62.15	21.55	-	207.42	-
Trading Asset Securities	156.2	232.35	520.77	142.4	25.2	-
Cash & Short-Term Investments	3,157	2,335	3,606	2,183	4,159	610.15
Cash Growth	5.32%	-35.24%	65.21%	-47.52%	581.66%	18.83%
Accounts Receivable	818.48	691.69	703.27	792.88	952.11	861.21
Other Receivables	465.12	410.75	145.27	55.95	68.5	81.62
Receivables	1,284	1,102	848.54	848.83	1,021	942.83
Inventory	3,647	3,452	3,691	3,536	2,457	1,907
Prepaid Expenses	-	0.06	-	0.03	-	-
Other Current Assets	897.91	782.37	724.56	622.28	647.07	558.47
Total Current Assets	8,986	7,672	8,870	7,190	8,284	4,018
Property, Plant & Equipment	9,273	8,614	8,138	3,965	3,250	2,708
Long-Term Investments	132.61	76.04	26.17	26.06	25.96	29.94
Other Intangible Assets	683.2	530.78	492.86	388.26	392.02	148.57
Long-Term Deferred Tax Assets	146.19	163.41	140.29	37.21	29.98	24.07
Long-Term Deferred Charges	49.57	19.96	28.43	41.36	22.06	25.05
Other Long-Term Assets	1,229	543.22	78.51	1,113	72.77	43.31
Total Assets	20,499	17,619	17,775	12,761	12,076	6,997

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	1,410	1,745	2,178	1,178	977.43	929.52
Accrued Expenses	52.97	74.02	78.89	85.88	88.78	63.49
Short-Term Debt	5,157	3,699	3,658	3,132	3,778	2,280
Current Portion of Long-Term Debt	239.4	334.15	249.13	521.18	40.47	68.72
Current Portion of Leases	-	4.53	9.59	4.3	-	3.7
Current Income Taxes Payable	169.57	18.5	1.11	5.65	46.3	16.27
Current Unearned Revenue	516.24	402.16	538	409.26	575.41	596.18
Other Current Liabilities	287.74	147.81	299.29	90.06	83.64	82.11
Total Current Liabilities	7,834	6,425	7,012	5,426	5,590	4,040
Long-Term Debt	4,029	3,423	3,892	726.98	137.03	762.69
Long-Term Leases	0.75	-	4.55	5.45	-	-
Long-Term Unearned Revenue	1,558	1,500	1,524	892.07	643.78	398.24
Long-Term Deferred Tax Liabilities	-	15.18	6.16	1.83	3.05	5.86
Other Long-Term Liabilities	-	-	-	-	13.89	-
Total Liabilities	13,422	11,362	12,438	7,053	6,388	5,207

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	580.21	580.19	515.09	515.09	343.4	257.55
Additional Paid-In Capital	4,118	4,190	3,508	3,508	3,956	1,027
Retained Earnings	2,263	1,439	1,346	1,723	1,389	505.7
Treasury Stock	-68.45	-60.07	-60.07	-37.79	-	-
Comprehensive Income & Other	51.48	28.56	29.98	0.03	-	-
Total Common Equity	6,944	6,178	5,339	5,708	5,688	1,790
Minority Interest	134.27	79.65	-1.77	0.11	-	-
Shareholders' Equity	7,078	6,257	5,337	5,708	5,688	1,790
Total Liabilities & Equity	20,499	17,619	17,775	12,761	12,076	6,997

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	9,427	7,460	7,813	4,390	3,956	3,115
Net Cash (Debt)	-6,270	-5,125	-4,207	-2,208	203.29	-2,505
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-8.79	-8.49	-8.13	-4.30	0.42	-6.50
Filing Date Shares Outstanding	576.5	575.59	510.5	512.38	515.09	515.09
Total Common Shares Outstanding	576.5	575.59	510.5	512.38	515.09	386.32
Working Capital	1,152	1,248	1,859	1,764	2,693	-22.03
Book Value Per Share	12.04	10.73	10.46	11.14	11.04	4.63
Tangible Book Value	6,260	5,647	4,846	5,320	5,296	1,642
Tangible Book Value Per Share	10.86	9.81	9.49	10.38	10.28	4.25
Buildings	-	2,415	1,387	1,330	1,050	875.08
Machinery	-	7,578	3,125	3,108	2,370	1,750
Construction In Progress	-	424.08	4,969	587.38	645.71	684.7