Shanghai REFIRE Group Limited (HKG:2570)

Shanghai REFIRE Group Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1,051	883.36	664.51	1,079	276.22	862.35
Short-Term Investments	119.16	90.11	88.66	61.81	6.73	-
Trading Asset Securities	14.61	91.04	-	335.8	-	-
Cash & Short-Term Investments	1,185	1,064	753.17	1,477	282.95	862.35
Cash Growth	-19.78%	41.34%	-49.01%	422.03%	-67.19%	115.34%
Accounts Receivable	1,917	2,049	1,583	1,266	923.55	964.19
Other Receivables	15.42	20.57	13.53	15.68	25.52	13.44
Receivables	1,932	2,070	1,597	1,281	949.07	977.63
Inventory	293.43	296.88	239.87	276.93	259.97	234.78
Prepaid Expenses	26.43	16.78	16.35	21.94	39.8	-
Restricted Cash	4.27	0.05	0.75	59.9	-	-
Other Current Assets	51.16	112.57	177.74	55.17	28.75	70.98
Total Current Assets	3,492	3,561	2,785	3,172	1,561	2,146
Property, Plant & Equipment	480.32	485.31	522.22	505.15	526.17	249.15
Long-Term Investments	304.15	265.3	191.58	105.1	75.38	40.3
Other Intangible Assets	14.92	18.48	22.46	30.2	33.58	45.63
Long-Term Accounts Receivable	240.05	290.45	434.72	254.62	269.69	-
Long-Term Deferred Tax Assets	14.88	14.63	12.92	10.67	9.34	139.1
Long-Term Deferred Charges	-	-	-	-	-	134.29
Other Long-Term Assets	63.59	57.37	67.89	63.17	19.54	57.76
Total Assets	4,610	4,692	4,037	4,141	2,494	2,812
Accounts Payable	686.61	873.82	650.74	566.26	561.53	580.7
Accrued Expenses	25.31	56.41	68.13	98.31	75.14	33.15
Short-Term Debt	606.34	364.47	-	-	-	96.01
Current Portion of Long-Term Debt	527.17	643.99	428.97	269.08	654.32	-
Current Portion of Leases	68.02	66.66	60.4	15.52	15.42	-
Current Income Taxes Payable	-	0.15	1.06	3.45	11.14	9.17
Current Unearned Revenue	87.22	91.21	40.06	17.98	26.15	11.93
Other Current Liabilities	409.54	36.93	67.9	57.48	29.97	11.55
Total Current Liabilities	2,410	2,134	1,317	1,028	1,374	742.5
Long-Term Debt	486.09	471.85	750.19	729.09	403.74	140
Long-Term Leases	21.9	55.45	125.32	60.86	75.29	-
Long-Term Unearned Revenue	47.69	61.04	72.13	64.07	63.06	40.77
Other Long-Term Liabilities	33.41	31.06	21.22	19.91	42.04	434.22
Total Liabilities	2,999	2,753	2,286	1,902	1,958	1,357
Common Stock	86.16	86.14	81.31	81.31	65	65
Additional Paid-In Capital	-	-	-	3,723	1,557	1,728
Retained Earnings	-3,237	-2,904	-2,166	-1,637	-1,131	-474.84
Comprehensive Income & Other	4,876	4,854	3,910	103.93	75.24	0.83
Total Common Equity	1,725	2,036	1,824	2,272	566.02	1,319
Minority Interest	-114.35	-97.06	-73.94	-32.42	-29.57	136.24
Shareholders' Equity	1,611	1,939	1,750	2,239	536.46	1,455
Total Liabilities & Equity	4,610	4,692	4,037	4,141	2,494	2,812
Total Debt	1,710	1,602	1,365	1,075	1,149	236.01
Net Cash (Debt)	-524.65	-537.92	-611.71	402.51	-865.82	626.35
Net Cash Growth	-	-	-	-	-	86.63%
Net Cash Per Share	-6.24	-6.59	-7.52	5.35	-13.32	9.64
Filing Date Shares Outstanding	86.16	86.14	81.31	75.17	65	65
Total Common Shares Outstanding	86.16	86.14	81.31	75.17	65	65
Working Capital	1,082	1,427	1,468	2,144	186.87	1,403
Book Value Per Share	20.02	23.64	22.44	30.22	8.71	20.29
Tangible Book Value	1,710	2,018	1,802	2,241	532.44	1,273
Tangible Book Value Per Share	19.85	23.42	22.16	29.82	8.19	19.58
Buildings	-	77.05	69.3	65.51	59.13	47.29
Machinery	-	502.04	463.72	380.74	319.48	177.79
Construction In Progress	-	22.59	38.14	11.51	18.55	61.31
Leasehold Improvements	-	194.27	189.34	174.43	160.88	-

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