Honghua Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	885.52	999.97	790.59	777.66	601	703.42
Short-Term Investments	26.96	37.03	170.54	26.54	121.24	55.41
Trading Asset Securities	0.68	0.68	-	-	-	-
Cash & Short-Term Investments	913.15	1,038	961.13	804.2	722.24	758.83
Cash Growth	-38.56%	7.96%	19.51%	11.35%	-4.82%	-28.98%
Accounts Receivable	5,807	4,056	3,871	4,056	5,288	3,163
Other Receivables	15.24	658.73	703.71	525.31	3.76	526.07
Receivables	5,822	4,714	4,575	4,581	5,292	3,701
Inventory	1,521	1,496	1,304	1,780	1,491	1,694
Other Current Assets	403.38	1,118	794.1	900.7	381.23	595.08
Total Current Assets	8,660	8,366	7,634	8,066	7,886	6,749
Property, Plant & Equipment	2,899	3,086	2,958	2,915	2,992	3,251
Long-Term Investments	27.36	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	228.26	168.51	367.44	597.08	582.97	786.5
Long-Term Deferred Tax Assets	273.33	261.69	268.16	272.28	263.99	256.73
Long-Term Deferred Charges	442.99	441.3	391.34	353.69	275.4	246.53
Other Long-Term Assets	43.15	44.15	53.68	85.41	99.56	112.73
Total Assets	12,574	12,612	11,928	12,520	12,322	11,748

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	2,955	3,227	3,133	3,139	3,199	2,394
Current Portion of Long-Term Debt	1,851	2,492	2,111	2,324	4,324	5,146
Current Portion of Leases	67.88	75.92	39.17	23.7	28.49	18.78
Current Income Taxes Payable	10.92	30.95	25.68	23.7	27.21	41.88
Current Unearned Revenue	675.9	520.71	515.43	545.39	767.9	164.38
Other Current Liabilities	326.51	242.1	319.92	706.34	29.75	27.98
Total Current Liabilities	5,887	6,589	6,143	6,762	8,377	7,793
Long-Term Debt	3,006	2,194	2,039	2,146	623.17	-
Long-Term Leases	145.9	175.43	52.47	12.35	37.5	49.7
Long-Term Unearned Revenue	22.7	13.12	28.66	17.31	12.55	21.78
Other Long-Term Liabilities	-	-	-	-	78.2	136.8
Total Liabilities	9,061	8,971	8,264	8,938	9,128	8,002

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	823.8	823.8	823.8	823.8	488.02	488.02
Additional Paid-In Capital	-	4,076	4,076	4,076	3,597	3,597
Retained Earnings	-2,111	-1,638	-1,677	-1,702	-1,316	-686.46
Comprehensive Income & Other	4,615	183.98	247.04	186.64	194.58	138.89
Total Common Equity	3,328	3,446	3,470	3,384	2,964	3,538
Minority Interest	184.5	195.68	194.69	197.53	230.2	208.76
Shareholders' Equity	3,513	3,641	3,665	3,582	3,194	3,746
Total Liabilities & Equity	12,574	12,612	11,928	12,520	12,322	11,748

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	5,070	4,937	4,241	4,506	5,014	5,214
Net Cash (Debt)	-4,157	-3,899	-3,280	-3,702	-4,291	-4,455
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.46	-0.43	-0.37	-0.53	-0.81	-0.84
Filing Date Shares Outstanding	8,979	8,979	8,979	8,979	5,295	5,295
Total Common Shares Outstanding	8,979	8,979	8,979	8,979	5,295	5,295
Working Capital	2,773	1,777	1,490	1,304	-490.62	-1,044
Book Value Per Share	0.37	0.38	0.39	0.38	0.56	0.67
Tangible Book Value	3,328	3,341	3,365	3,279	2,859	3,433
Tangible Book Value Per Share	0.37	0.37	0.37	0.37	0.54	0.65
Buildings	1,721	1,720	1,688	1,664	1,660	1,668
Machinery	2,673	2,743	2,769	2,636	2,432	2,504
Construction In Progress	132.29	139.05	142.31	145.08	111.68	127.9