Balance Sheet

Current Liabilities	922.5m
Accounts Payable	202.1m
Accrued Liabilities	26.5m
Short-Term Debt	563.1m
Other Current Liabilities	130.8m
Non-Current Liabilities	325m
Long-Term Debt	166.1m
Other Non-Current Liabilities	158.8m

Currency: CNY

	Dec-2017	Dec-2018	Dec-2019	Dec-2020	Dec-2021	Dec-2022
Assets
Cash & Cash Equivalents	69	79	35	174	164	271
Cash	0	0	0	0	0	271
Cash Equivalents	69	79	35	174	164	0
Short-Term Investments	0	0	0	229	142	141
Total Receivables	98	123	178	260	638	679
Accounts Receivables	86	111	145	205	523	557
Other Receivables	12	12	33	55	115	122
Inventory	140	125	162	291	484	587
Other Current Assets	3	1	63	78	133	150
Total Current Assets	309	328	438	1 032	1 561	1 828
PP&E Net	191	210	250	327	499	708
PP&E Gross	191	210	250	327	499	708
Accumulated Depreciation	91	104	125	150	184	215
Intangible Assets	18	28	27	27	41	93
Goodwill	0	1	1	1	3	3
Long-Term Investments	50	53	55	57	96	109
Other Long-Term Assets	11	13	13	15	19	86
Other Assets	0	1	1	1	3	3
Total Assets	579 N/A	632 +9%	784 +24%	1 458 +86%	2 218 +52%	2 826 +27%
Liabilities
Accounts Payable	89	83	114	238	331	206
Accrued Liabilities	18	20	22	27	33	40
Short-Term Debt	121	123	179	189	603	1 035
Current Portion of Long-Term Debt	0	3	0	0	14	40
Other Current Liabilities	16	19	27	17	26	25
Total Current Liabilities	244	247	343	471	1 006	1 346
Long-Term Debt	0	5	0	0	54	156
Deferred Income Tax	0	4	3	3	4	9
Minority Interest	1	0	0	0	38	38
Other Liabilities	43	51	67	71	67	98
Total Liabilities	288 N/A	307 +7%	413 +35%	545 +32%	1 169 +115%	1 647 +41%
Equity
Common Stock	60	60	60	80	80	81
Retained Earnings	229	258	305	345	467	564
Additional Paid In Capital	3	7	6	488	503	534
Other Equity	0	0	0	0	0	0
Total Equity	292 N/A	325 +11%	371 +14%	913 +146%	1 049 +15%	1 179 +12%
Total Liabilities & Equity	579 N/A	632 +9%	784 +24%	1 458 +86%	2 218 +52%	2 826 +27%
Shares Outstanding
Common Shares Outstanding	60	60	60	80	80	113

Earth-Panda Advanced Magnetic Material Co Ltd
SSE:688077