FRA:HIFH Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	5,580	5,663	5,750	4,240	3,525	4,871
Cash & Short-Term Investments	5,580	5,663	5,750	4,240	3,525	4,871
Cash Growth	29.16%	-1.53%	35.62%	20.30%	-27.64%	24.24%
Accounts Receivable	2,408	1,493	2,175	2,177	1,119	1,301
Other Receivables	1,097	530.59	288.06	299.81	265.46	156.29
Receivables	3,526	2,045	2,482	2,496	1,412	1,495
Inventory	1,047	1,334	1,161	1,278	1,013	859.47
Other Current Assets	573.83	494.85	323.01	368.33	536.26	653.87
Total Current Assets	10,727	9,536	9,716	8,383	6,486	7,879
Property, Plant & Equipment	54,089	55,393	51,738	47,956	44,153	50,131
Long-Term Investments	13,767	13,170	10,466	10,157	7,379	6,521
Goodwill	85.85	85.85	85.85	73.32	73.32	73.32
Other Intangible Assets	44.53	49.46	47.49	52.74	42.77	47.67
Long-Term Deferred Tax Assets	31.74	33.5	36.03	38.65	40.39	42.78
Long-Term Deferred Charges	21.93	4.54	3.05	4.85	6.3	9.58
Other Long-Term Assets	2,008	1,474	36.28	291.03	10.39	10.39
Total Assets	82,044	81,042	73,430	68,250	59,389	65,960
Accounts Payable	1,999	1,977	1,743	1,939	1,781	1,610
Accrued Expenses	647.73	556.93	621.61	571.5	506.15	567.99
Short-Term Debt	3,308	2,450	2,954	5,416	5,300	4,270
Current Portion of Long-Term Debt	8,603	3,034	1,935	1,603	4,886	2,413
Current Portion of Leases	-	603.95	411.2	370.55	325.8	325.13
Current Income Taxes Payable	149.3	298.93	337.14	164.29	46.97	52.56
Current Unearned Revenue	163.32	102.62	99.78	18.89	23.74	18.82
Other Current Liabilities	1,118	1,197	867.33	507.71	468.68	635.82
Total Current Liabilities	15,989	10,220	8,969	10,591	13,338	9,893
Long-Term Debt	21,004	27,039	23,081	20,747	13,223	17,153
Long-Term Leases	310.13	619.34	810.77	1,087	1,330	1,700
Long-Term Unearned Revenue	2.08	0.2	1.24	-	-	-
Pension & Post-Retirement Benefits	-	238.75	201.74	159.91	166.3	164.22
Long-Term Deferred Tax Liabilities	1,774	1,627	1,468	1,132	483.14	455.02
Other Long-Term Liabilities	2,309	2,312	936.32	963.68	926.62	992.48
Total Liabilities	41,388	42,057	35,468	34,680	29,467	30,358
Common Stock	4,771	4,771	4,771	4,771	4,763	4,763
Additional Paid-In Capital	11,666	11,608	12,544	11,981	11,925	11,927
Retained Earnings	19,863	18,116	16,798	13,969	12,507	18,445
Comprehensive Income & Other	1,118	1,372	1,050	850.39	-602.82	-512.92
Total Common Equity	37,418	35,867	35,163	31,571	28,591	34,622
Minority Interest	3,239	3,118	2,798	2,000	1,331	980.52
Shareholders' Equity	40,657	38,985	37,962	33,571	29,922	35,602
Total Liabilities & Equity	82,044	81,042	73,430	68,250	59,389	65,960
Total Debt	33,226	33,746	29,191	29,222	25,065	25,861
Net Cash (Debt)	-27,645	-28,084	-23,441	-24,982	-21,540	-20,990
Net Cash Per Share	-5.79	-5.89	-4.91	-5.23	-4.52	-4.58
Filing Date Shares Outstanding	4,771	4,771	4,771	4,771	4,763	4,763
Total Common Shares Outstanding	4,771	4,771	4,771	4,771	4,763	4,763
Working Capital	-5,262	-684.75	747.4	-2,208	-6,852	-2,013
Book Value Per Share	7.84	7.52	7.37	6.62	6.00	7.27
Tangible Book Value	37,287	35,732	35,030	31,445	28,475	34,501
Tangible Book Value Per Share	7.82	7.49	7.34	6.59	5.98	7.24
Buildings	-	1,591	1,474	1,474	1,466	1,510
Machinery	-	76,783	71,798	66,963	60,110	62,891
Construction In Progress	-	5,217	3,427	1,370	1,083	1,240

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