Honghua Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	999.97	790.59	777.66	601	703.42
Short-Term Investments	37.03	170.54	26.54	121.24	55.41
Trading Asset Securities	0.68	-	-	-	-
Cash & Short-Term Investments	1,038	961.13	804.2	722.24	758.83
Cash Growth	7.96%	19.51%	11.35%	-4.82%	-28.98%
Accounts Receivable	4,056	4,103	4,056	5,288	3,163
Other Receivables	658.73	703.71	525.31	3.76	526.07
Receivables	4,714	4,807	4,581	5,292	3,701
Inventory	1,496	1,304	1,780	1,491	1,694
Other Current Assets	1,118	561.83	900.7	381.23	595.08
Total Current Assets	8,366	7,634	8,066	7,886	6,749
Property, Plant & Equipment	3,084	2,958	2,915	2,992	3,251
Long-Term Investments	139.73	150.78	124.54	117.22	240
Other Intangible Assets	104.95	104.95	104.95	104.95	104.95
Long-Term Accounts Receivable	168.51	367.44	597.08	582.97	786.5
Long-Term Deferred Tax Assets	261.69	268.16	272.28	263.99	256.73
Long-Term Deferred Charges	441.3	391.34	353.69	275.4	246.53
Other Long-Term Assets	46.04	53.68	85.41	99.56	112.73
Total Assets	12,612	11,928	12,520	12,322	11,748
Accounts Payable	3,227	3,133	3,139	3,199	2,394
Current Portion of Long-Term Debt	2,492	2,111	2,324	4,324	5,146
Current Portion of Leases	75.92	39.17	23.7	28.49	18.78
Current Income Taxes Payable	30.95	25.68	23.7	27.21	41.88
Current Unearned Revenue	520.71	515.43	545.39	767.9	164.38
Other Current Liabilities	242.1	319.92	706.34	29.75	27.98
Total Current Liabilities	6,589	6,143	6,762	8,377	7,793
Long-Term Debt	2,194	2,039	2,146	623.17	-
Long-Term Leases	175.43	52.47	12.35	37.5	49.7
Long-Term Unearned Revenue	13.12	28.66	17.31	12.55	21.78
Other Long-Term Liabilities	-	-	-	78.2	136.8
Total Liabilities	8,971	8,264	8,938	9,128	8,002
Common Stock	823.8	823.8	823.8	488.02	488.02
Additional Paid-In Capital	-	4,076	4,076	3,597	3,597
Retained Earnings	-2,092	-1,677	-1,702	-1,316	-686.46
Comprehensive Income & Other	4,714	247.04	186.64	194.58	138.89
Total Common Equity	3,446	3,470	3,384	2,964	3,538
Minority Interest	195.68	194.69	197.53	230.2	208.76
Shareholders' Equity	3,641	3,665	3,582	3,194	3,746
Total Liabilities & Equity	12,612	11,928	12,520	12,322	11,748
Total Debt	4,937	4,241	4,506	5,014	5,214
Net Cash (Debt)	-3,899	-3,280	-3,702	-4,291	-4,455
Net Cash Per Share	-0.43	-0.37	-0.53	-0.81	-0.84
Filing Date Shares Outstanding	8,979	8,979	8,979	5,295	5,295
Total Common Shares Outstanding	8,979	8,979	8,979	5,295	5,295
Working Capital	1,777	1,490	1,304	-490.62	-1,044
Book Value Per Share	0.38	0.39	0.38	0.56	0.67
Tangible Book Value	3,341	3,365	3,279	2,859	3,433
Tangible Book Value Per Share	0.37	0.37	0.37	0.54	0.65
Buildings	1,720	1,688	1,664	1,660	1,668
Machinery	2,743	2,769	2,636	2,432	2,504
Construction In Progress	139.05	142.31	145.08	111.68	127.9

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