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 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	2,740	2,041	3,064	2,040	3,927	610.15
Short-Term Investments	-	62.15	21.55	-	207.42	-
Trading Asset Securities	366.14	232.35	520.77	142.4	25.2	-
Cash & Short-Term Investments	3,106	2,335	3,606	2,183	4,159	610.15
Cash Growth	-10.18%	-35.24%	65.21%	-47.52%	581.66%	18.83%
Accounts Receivable	1,156	691.69	703.27	792.88	952.11	861.21
Other Receivables	580.67	410.75	145.27	55.95	68.5	81.62
Receivables	1,737	1,102	848.54	848.83	1,021	942.83
Inventory	3,689	3,452	3,691	3,536	2,457	1,907
Prepaid Expenses	-	0.06	-	0.03	-	-
Other Current Assets	1,043	782.37	724.56	622.28	647.07	558.47
Total Current Assets	9,575	7,672	8,870	7,190	8,284	4,018
Property, Plant & Equipment	8,504	8,614	8,138	3,965	3,250	2,708
Long-Term Investments	74.18	76.04	26.17	26.06	25.96	29.94
Other Intangible Assets	527.34	530.78	492.86	388.26	392.02	148.57
Long-Term Deferred Tax Assets	67.73	163.41	140.29	37.21	29.98	24.07
Long-Term Deferred Charges	18.26	19.96	28.43	41.36	22.06	25.05
Other Long-Term Assets	651.98	543.22	78.51	1,113	72.77	43.31
Total Assets	19,418	17,619	17,775	12,761	12,076	6,997
Accounts Payable	1,687	1,745	2,178	1,178	977.43	929.52
Accrued Expenses	26.85	74.02	78.89	85.88	88.78	63.49
Short-Term Debt	5,057	3,699	3,658	3,132	3,778	2,280
Current Portion of Long-Term Debt	383.14	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	68.37	18.5	1.11	5.65	46.3	16.27
Current Unearned Revenue	454.91	402.16	538	409.26	575.41	596.18
Other Current Liabilities	148.48	147.81	299.29	90.06	83.64	82.11
Total Current Liabilities	7,826	6,425	7,012	5,426	5,590	4,040
Long-Term Debt	3,440	3,423	3,892	726.98	137.03	762.69
Long-Term Leases	-	-	4.55	5.45	-	-
Long-Term Unearned Revenue	1,473	1,500	1,524	892.07	643.78	398.24
Long-Term Deferred Tax Liabilities	2.18	15.18	6.16	1.83	3.05	5.86
Other Long-Term Liabilities	-	-	-	-	13.89	-
Total Liabilities	12,741	11,362	12,438	7,053	6,388	5,207
Common Stock	580.2	580.19	515.09	515.09	343.4	257.55
Additional Paid-In Capital	4,190	4,190	3,508	3,508	3,956	1,027
Retained Earnings	1,820	1,439	1,346	1,723	1,389	505.7
Treasury Stock	-60.07	-60.07	-60.07	-37.79	-	-
Comprehensive Income & Other	32.53	28.56	29.98	0.03	-	-
Total Common Equity	6,562	6,178	5,339	5,708	5,688	1,790
Minority Interest	114.8	79.65	-1.77	0.11	-	-
Shareholders' Equity	6,677	6,257	5,337	5,708	5,688	1,790
Total Liabilities & Equity	19,418	17,619	17,775	12,761	12,076	6,997
Total Debt	8,880	7,460	7,813	4,390	3,956	3,115
Net Cash (Debt)	-5,774	-5,125	-4,207	-2,208	203.29	-2,505
Net Cash Per Share	-9.38	-8.49	-8.13	-4.30	0.42	-6.50
Filing Date Shares Outstanding	575.6	575.59	510.5	512.38	515.09	515.09
Total Common Shares Outstanding	575.6	575.59	510.5	512.38	515.09	386.32
Working Capital	1,748	1,248	1,859	1,764	2,693	-22.03
Book Value Per Share	11.40	10.73	10.46	11.14	11.04	4.63
Tangible Book Value	6,035	5,647	4,846	5,320	5,296	1,642
Tangible Book Value Per Share	10.48	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

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