Shandong Sinocera Functional Material Co., Ltd. (SINOCERA) balance sheet

SHZ · Basic Materials · Chemicals - Specialty · 5,170 employees · CEO Xi Yun Huo

Price: CN¥38.55 +3.35%
Market cap: CN¥38.4B
Enterprise value: CN¥39.4B
Last report: Q3 '26 filed 2026-09-30
Next report: 2027-04-22 EPS est. CN¥0.18

At the end of Q3 '26 Shandong Sinocera Functional Material Co., Ltd. (SINOCERA) held CN¥507M in cash and short-term investments against CN¥1.48B of debt incl. leases. Total assets CN¥11.2B, total liabilities CN¥3.04B, shareholders' equity CN¥7.49B.

Balance sheet

Balance sheet	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26
Assets
Cash & equivalents	CN¥719M	CN¥632M	CN¥494M	CN¥550M	CN¥652M	CN¥560M	CN¥712M	CN¥855M	CN¥739M	CN¥974M	CN¥1.34B	CN¥507M
Short-term investments	CN¥25.6M	CN¥625K	CN¥49.9M	CN¥0	CN¥0	CN¥17.2M	CN¥50.1M	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0
Receivables	CN¥2.06B	CN¥2.09B	CN¥2.27B	CN¥2.26B	CN¥2.17B	CN¥2.2B	CN¥2.25B	CN¥2.29B	CN¥2.33B	CN¥2.26B	CN¥2.48B	CN¥2.56B
Inventory	CN¥789M	CN¥941M	CN¥864M	CN¥917M	CN¥858M	CN¥925M	CN¥900M	CN¥921M	CN¥776M	CN¥948M	CN¥1.01B	CN¥1.28B
Other current assets	CN¥43.3M	CN¥38.3M	CN¥52.3M	CN¥57M	CN¥48.5M	CN¥39M	CN¥46M	CN¥43.5M	CN¥64.9M	CN¥231M	CN¥60.8M	CN¥58.8M
Current assets	CN¥3.67B	CN¥3.76B	CN¥3.78B	CN¥3.84B	CN¥3.75B	CN¥3.81B	CN¥4B	CN¥4.15B	CN¥3.97B	CN¥4.41B	CN¥5.04B	CN¥4.55B
Property, plant & equipment (net)	CN¥2.64B	CN¥2.67B	CN¥2.73B	CN¥2.88B	CN¥2.91B	CN¥2.89B	CN¥2.9B	CN¥2.95B	CN¥3.05B	CN¥3.13B	CN¥3.16B	CN¥3.61B
Long-term investments	CN¥194M	CN¥191M	CN¥197M	CN¥198M	CN¥197M	CN¥160M	CN¥184M	CN¥187M	CN¥195M	CN¥182M	CN¥189M	CN¥174M
Goodwill	CN¥1.85B	CN¥1.85B	CN¥1.85B	CN¥1.85B	CN¥1.84B	CN¥1.84B	CN¥1.84B	CN¥1.84B	CN¥1.84B	CN¥1.84B	CN¥1.84B	CN¥2.11B
Intangible assets	CN¥273M	CN¥268M	CN¥263M	CN¥266M	CN¥282M	CN¥279M	CN¥275M	CN¥270M	CN¥272M	CN¥288M	CN¥281M	CN¥397M
Deferred tax assets	CN¥35.6M	CN¥42M	CN¥42.9M	CN¥46.7M	CN¥47.8M	CN¥46.7M	CN¥48.7M	CN¥49.6M	CN¥62.8M	CN¥68.9M	CN¥91.9M	CN¥93.9M
Other non-current assets	CN¥115M	CN¥151M	CN¥132M	CN¥140M	CN¥87.3M	CN¥121M	CN¥126M	CN¥149M	CN¥125M	CN¥97.6M	CN¥240M	CN¥227M
Non-current assets	CN¥5.11B	CN¥5.17B	CN¥5.22B	CN¥5.38B	CN¥5.37B	CN¥5.34B	CN¥5.37B	CN¥5.45B	CN¥5.54B	CN¥5.6B	CN¥5.8B	CN¥6.61B
Total assets	CN¥8.78B	CN¥8.93B	CN¥9B	CN¥9.22B	CN¥9.12B	CN¥9.16B	CN¥9.37B	CN¥9.6B	CN¥9.5B	CN¥10B	CN¥10.8B	CN¥11.2B
Liabilities
Accounts payable	CN¥775M	CN¥757M	CN¥695M	CN¥757M	CN¥769M	CN¥715M	CN¥712M	CN¥572M	CN¥595M	CN¥558M	CN¥954M	CN¥666M
Accrued expenses	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥82.6M	CN¥0	CN¥0	CN¥91.5M	CN¥104M
Short-term debt	CN¥283M	CN¥302M	CN¥221M	CN¥310M	CN¥95.5M	CN¥129M	CN¥265M	CN¥630M	CN¥274M	CN¥815M	CN¥1.06B	CN¥742M
Taxes payable	CN¥36.7M	CN¥25.6M	CN¥51.8M	CN¥50.9M	CN¥49.8M	CN¥41.8M	CN¥56.8M	CN¥0	CN¥56.2M	CN¥0	CN¥0	CN¥0
Deferred revenue	CN¥17.5M	CN¥23.7M	CN¥21.3M	CN¥17.7M	CN¥18.8M	CN¥31M	CN¥17.4M	CN¥17.7M	CN¥0	CN¥0	CN¥44.8M	CN¥45.4M
Other current liabilities	CN¥225M	CN¥210M	CN¥333M	CN¥320M	CN¥300M	CN¥224M	CN¥252M	CN¥298M	CN¥363M	CN¥334M	-CN¥294M	CN¥381M
Current liabilities	CN¥1.44B	CN¥1.42B	CN¥1.4B	CN¥1.54B	CN¥1.37B	CN¥1.27B	CN¥1.41B	CN¥1.65B	CN¥1.43B	CN¥1.75B	CN¥1.95B	CN¥2.03B
Long-term debt	CN¥278M	CN¥261M	CN¥335M	CN¥361M	CN¥343M	CN¥315M	CN¥303M	CN¥200M	CN¥160M	CN¥233M	CN¥643M	CN¥689M
Lease obligations (non-current)	CN¥33.6M	CN¥32.7M	CN¥60.2M	CN¥72.2M	CN¥49.7M	CN¥56M	CN¥50.8M	CN¥46.2M	CN¥43.8M	CN¥41.9M	CN¥41M	CN¥52M
Deferred revenue (non-current)	CN¥112M	CN¥150M	CN¥140M	CN¥144M	CN¥145M	CN¥147M	CN¥162M	CN¥150M	CN¥160M	CN¥218M	CN¥249M	CN¥247M
Deferred tax liabilities	CN¥5.07M	CN¥6.9M	CN¥10.4M	CN¥11.7M	CN¥7.86M	CN¥9.18M	CN¥5.89M	CN¥7.65M	CN¥1.41M	CN¥3.06M	CN¥4.71M	CN¥26.5M
Other non-current liabilities	CN¥124M	CN¥127M	CN¥7.98M	CN¥9.42M	CN¥0	CN¥935K	CN¥2.23M	CN¥0	CN¥0	CN¥1.5M	CN¥0	CN¥1.24M
Non-current liabilities	CN¥553M	CN¥578M	CN¥554M	CN¥598M	CN¥545M	CN¥528M	CN¥524M	CN¥404M	CN¥365M	CN¥497M	CN¥938M	CN¥1.02B
Total liabilities	CN¥1.99B	CN¥2B	CN¥1.96B	CN¥2.14B	CN¥1.91B	CN¥1.79B	CN¥1.93B	CN¥2.05B	CN¥1.8B	CN¥2.24B	CN¥2.89B	CN¥3.04B
Equity
Common stock & paid-in capital	CN¥1B	CN¥1B	CN¥997M	CN¥997M	CN¥997M	CN¥997M	CN¥997M	CN¥997M	CN¥997M	CN¥997M	CN¥997M	CN¥997M
Retained earnings	CN¥3.32B	CN¥3.46B	CN¥3.55B	CN¥3.71B	CN¥3.79B	CN¥3.93B	CN¥3.97B	CN¥4.08B	CN¥4.15B	CN¥4.29B	CN¥4.42B	CN¥4.55B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥2.03B	CN¥433M	CN¥2.1B	CN¥7.55M	CN¥2.14B
Shareholders' equity	CN¥6.31B	CN¥6.44B	CN¥6.53B	CN¥6.59B	CN¥6.71B	CN¥6.85B	CN¥6.9B	CN¥7.01B	CN¥7.15B	CN¥7.21B	CN¥7.33B	CN¥7.49B
Debt
Total debt (incl. leases)	CN¥594M	CN¥596M	CN¥616M	CN¥743M	CN¥488M	CN¥499M	CN¥619M	CN¥876M	CN¥478M	CN¥1.09B	CN¥1.74B	CN¥1.48B
Net debt (debt - cash)	-CN¥125M	-CN¥36.3M	CN¥123M	CN¥192M	-CN¥164M	-CN¥60.7M	-CN¥92.8M	CN¥21.3M	-CN¥261M	CN¥116M	CN¥399M	CN¥976M

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	CN¥684M	CN¥504M	CN¥282M	CN¥300M	CN¥1.17B	CN¥1.91B	CN¥566M	CN¥719M	CN¥652M	CN¥739M
Short-term investments	CN¥176K	CN¥2M	CN¥4.3M	CN¥48M	CN¥150M	CN¥102M	CN¥0	CN¥25.6M	CN¥0	CN¥0
Receivables	CN¥414M	CN¥660M	CN¥845M	CN¥990M	CN¥186M	CN¥1.57B	CN¥1.69B	CN¥2.06B	CN¥2.17B	CN¥2.34B
Inventory	CN¥168M	CN¥312M	CN¥459M	CN¥571M	CN¥493M	CN¥706M	CN¥891M	CN¥789M	CN¥858M	CN¥776M
Other current assets	CN¥0	CN¥31.3M	CN¥8.07M	CN¥16.5M	CN¥1.03B	CN¥39.7M	CN¥59M	CN¥43.3M	CN¥48.5M	CN¥63.4M
Current assets	CN¥1.28B	CN¥1.53B	CN¥1.62B	CN¥1.96B	CN¥3.07B	CN¥4.36B	CN¥3.25B	CN¥3.67B	CN¥3.75B	CN¥3.97B
Property, plant & equipment (net)	CN¥543M	CN¥757M	CN¥991M	CN¥1.07B	CN¥1.22B	CN¥1.55B	CN¥2.08B	CN¥2.64B	CN¥2.91B	CN¥3.05B
Long-term investments	CN¥150M	CN¥152M	CN¥46M	-CN¥7.38M	-CN¥97.3M	-CN¥22.1M	CN¥131M	CN¥194M	CN¥197M	CN¥195M
Goodwill	CN¥4.79M	CN¥706M	CN¥1.53B	CN¥1.53B	CN¥1.53B	CN¥1.53B	CN¥1.52B	CN¥1.85B	CN¥1.84B	CN¥1.84B
Intangible assets	CN¥65.9M	CN¥118M	CN¥148M	CN¥142M	CN¥134M	CN¥174M	CN¥169M	CN¥273M	CN¥282M	CN¥272M
Deferred tax assets	CN¥7.02M	CN¥3.88M	CN¥15.8M	CN¥24.6M	CN¥23.1M	CN¥44M	CN¥48.3M	CN¥35.6M	CN¥47.8M	CN¥103M
Other non-current assets	CN¥184M	CN¥23.8M	CN¥20M	CN¥74.8M	CN¥178M	CN¥236M	CN¥301M	CN¥115M	CN¥87.3M	CN¥125M
Non-current assets	CN¥955M	CN¥1.76B	CN¥2.76B	CN¥2.84B	CN¥2.99B	CN¥3.51B	CN¥4.25B	CN¥5.11B	CN¥5.37B	CN¥5.58B
Total assets	CN¥2.23B	CN¥3.29B	CN¥4.38B	CN¥4.81B	CN¥6.06B	CN¥7.88B	CN¥7.5B	CN¥8.78B	CN¥9.12B	CN¥9.5B
Liabilities
Accounts payable	CN¥199M	CN¥269M	CN¥238M	CN¥343M	CN¥391M	CN¥598M	CN¥559M	CN¥775M	CN¥769M	CN¥595M
Short-term debt	CN¥208M	CN¥498M	CN¥320M	CN¥201M	CN¥0	CN¥0	CN¥1.71M	CN¥283M	CN¥95.5M	CN¥274M
Taxes payable	CN¥19.3M	CN¥22.7M	CN¥49.3M	CN¥37.4M	CN¥39.4M	CN¥65.5M	CN¥42.4M	CN¥36.7M	CN¥49.8M	CN¥0
Deferred revenue	CN¥630K	CN¥4.08M	CN¥8.98M	CN¥18.1M	CN¥18.6M	CN¥13.8M	CN¥17.1M	CN¥17.5M	CN¥18.8M	CN¥0
Other current liabilities	CN¥0	CN¥71.4M	CN¥71.4M	CN¥71.4M	CN¥11.9M	CN¥145M	CN¥138M	CN¥225M	CN¥300M	CN¥363M
Current liabilities	CN¥449M	CN¥933M	CN¥744M	CN¥731M	CN¥560M	CN¥897M	CN¥814M	CN¥1.44B	CN¥1.37B	CN¥1.43B
Long-term debt	CN¥0	CN¥179M	CN¥107M	CN¥35.8M	CN¥0	CN¥0	CN¥0	CN¥278M	CN¥343M	CN¥160M
Lease obligations (non-current)	CN¥0	CN¥0	CN¥0	CN¥0	CN¥20.2M	CN¥32.1M	CN¥39.4M	CN¥33.6M	CN¥49.7M	CN¥43.8M
Deferred revenue (non-current)	CN¥20.3M	CN¥25.8M	CN¥43.8M	CN¥83.9M	CN¥108M	CN¥122M	CN¥110M	CN¥112M	CN¥145M	CN¥160M
Deferred tax liabilities	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥2.77M	CN¥5.07M	CN¥7.86M	CN¥1.41M
Other non-current liabilities	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥692M	CN¥231M	CN¥124M	CN¥0	CN¥0
Non-current liabilities	CN¥20.3M	CN¥204M	CN¥151M	CN¥120M	CN¥128M	CN¥845M	CN¥383M	CN¥553M	CN¥545M	CN¥365M
Total liabilities	CN¥469M	CN¥1.14B	CN¥895M	CN¥851M	CN¥688M	CN¥1.74B	CN¥1.2B	CN¥1.99B	CN¥1.91B	CN¥1.8B
Equity
Common stock & paid-in capital	CN¥299M	CN¥598M	CN¥642M	CN¥963M	CN¥1B	CN¥1B	CN¥1B	CN¥1B	CN¥997M	CN¥997M
Retained earnings	CN¥362M	CN¥561M	CN¥1.04B	CN¥1.43B	CN¥1.92B	CN¥2.55B	CN¥2.89B	CN¥3.32B	CN¥3.79B	CN¥4.15B
Accumulated other comprehensive income	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥0	CN¥433M
Shareholders' equity	CN¥1.69B	CN¥1.9B	CN¥3.22B	CN¥3.65B	CN¥5B	CN¥5.74B	CN¥5.88B	CN¥6.31B	CN¥6.71B	CN¥7.15B
Debt
Total debt (incl. leases)	CN¥208M	CN¥677M	CN¥427M	CN¥237M	CN¥20.2M	CN¥32.1M	CN¥41.1M	CN¥594M	CN¥488M	CN¥478M
Net debt (debt - cash)	-CN¥476M	CN¥173M	CN¥145M	-CN¥63.4M	-CN¥1.15B	-CN¥1.88B	-CN¥525M	-CN¥125M	-CN¥164M	-CN¥261M

Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in CNY.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02