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	Jun '26 Jun 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	3,192	2,041	3,064	2,040	3,927	610.15
Short-Term Investments	-	62.15	21.55	-	207.42	-
Trading Asset Securities	282.15	232.35	520.77	142.4	25.2	-
Cash & Short-Term Investments	3,474	2,335	3,606	2,183	4,159	610.15
Cash Growth	7.47%	-35.24%	65.21%	-47.52%	581.66%	18.83%
Accounts Receivable	1,145	691.69	703.27	792.88	952.11	861.21
Other Receivables	368.5	410.75	145.27	55.95	68.5	81.62
Receivables	1,514	1,102	848.54	848.83	1,021	942.83
Inventory	4,040	3,452	3,691	3,536	2,457	1,907
Prepaid Expenses	-	0.06	-	0.03	-	-
Other Current Assets	691.24	782.37	724.56	622.28	647.07	558.47
Total Current Assets	9,719	7,672	8,870	7,190	8,284	4,018
Property, Plant & Equipment	9,022	8,614	8,138	3,965	3,250	2,708
Long-Term Investments	113.94	76.04	26.17	26.06	25.96	29.94
Other Intangible Assets	687.47	530.78	492.86	388.26	392.02	148.57
Long-Term Deferred Tax Assets	203.23	163.41	140.29	37.21	29.98	24.07
Long-Term Deferred Charges	17.26	19.96	28.43	41.36	22.06	25.05
Other Long-Term Assets	1,148	543.22	78.51	1,113	72.77	43.31
Total Assets	20,912	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	Jun '26 Jun 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	1,835	1,745	2,178	1,178	977.43	929.52
Accrued Expenses	36.56	74.02	78.89	85.88	88.78	63.49
Short-Term Debt	5,651	3,699	3,658	3,132	3,778	2,280
Current Portion of Long-Term Debt	335.65	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	136.6	18.5	1.11	5.65	46.3	16.27
Current Unearned Revenue	550.39	402.16	538	409.26	575.41	596.18
Other Current Liabilities	477.16	147.81	299.29	90.06	83.64	82.11
Total Current Liabilities	9,022	6,425	7,012	5,426	5,590	4,040
Long-Term Debt	3,588	3,423	3,892	726.98	137.03	762.69
Long-Term Leases	-	-	4.55	5.45	-	-
Long-Term Unearned Revenue	1,586	1,500	1,524	892.07	643.78	398.24
Long-Term Deferred Tax Liabilities	11.17	15.18	6.16	1.83	3.05	5.86
Other Long-Term Liabilities	-	-	-	-	13.89	-
Total Liabilities	14,207	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	Jun '26 Jun 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	580.2	580.19	515.09	515.09	343.4	257.55
Additional Paid-In Capital	4,112	4,190	3,508	3,508	3,956	1,027
Retained Earnings	1,911	1,439	1,346	1,723	1,389	505.7
Treasury Stock	-68.45	-60.07	-60.07	-37.79	-	-
Comprehensive Income & Other	47.4	28.56	29.98	0.03	-	-
Total Common Equity	6,582	6,178	5,339	5,708	5,688	1,790
Minority Interest	122.17	79.65	-1.77	0.11	-	-
Shareholders' Equity	6,705	6,257	5,337	5,708	5,688	1,790
Total Liabilities & Equity	20,912	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	Jun '26 Jun 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	9,574	7,460	7,813	4,390	3,956	3,115
Net Cash (Debt)	-6,100	-5,125	-4,207	-2,208	203.29	-2,505
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-10.76	-8.49	-8.13	-4.30	0.42	-6.50
Filing Date Shares Outstanding	569.73	575.59	510.5	512.38	515.09	515.09
Total Common Shares Outstanding	569.73	575.59	510.5	512.38	515.09	386.32
Working Capital	696.61	1,248	1,859	1,764	2,693	-22.03
Book Value Per Share	11.55	10.73	10.46	11.14	11.04	4.63
Tangible Book Value	5,895	5,647	4,846	5,320	5,296	1,642
Tangible Book Value Per Share	10.35	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