Shuanghua Holdings 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	Jun '25 Jun 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	81.52	79.93	65.35	89.28	97.73	19.59
Trading Asset Securities	-	-	-	-	-	55
Cash & Short-Term Investments	81.52	79.93	65.35	89.28	97.73	74.59
Cash Growth	-12.03%	22.32%	-26.80%	-8.65%	31.03%	314.49%
Accounts Receivable	7.23	11.95	46.46	4.28	5.61	24.37
Other Receivables	-	2	6.18	6.51	6.7	14.38
Receivables	7.23	13.96	52.64	10.79	12.31	38.75
Inventory	-	-	2.15	0.01	2.15	21.1
Prepaid Expenses	-	-	-	-	-	0.03
Other Current Assets	21.03	11.86	12.91	12.36	3.53	41.21
Total Current Assets	109.78	105.75	133.04	112.43	115.72	175.67
Property, Plant & Equipment	89.07	90.5	99.66	134.29	140.58	184.58
Long-Term Investments	9.59	8.27	5.85	5.39	6.44	7.31
Other Long-Term Assets	70.9	73.8	79.53	51.42	61.45	15.26
Total Assets	279.34	278.32	318.08	303.53	324.2	382.82
Accounts Payable	8.59	3.98	25.37	6.87	6.43	25.49
Accrued Expenses	-	4.31	6.33	3.91	2.33	3.91
Current Portion of Leases	-	-	0.75	-	0.88	0.84
Current Income Taxes Payable	1.28	1.28	1.27	-	1.09	1.09
Current Unearned Revenue	-	4.41	3.31	1.47	1.78	5.88
Other Current Liabilities	9.62	2.09	2.45	0.78	0.9	4.02
Total Current Liabilities	19.49	16.07	39.47	13.03	13.41	41.23
Long-Term Leases	-	-	-	-	-	0.88
Long-Term Deferred Tax Liabilities	1.27	1.55	1.01	0.81	1.14	1.33
Total Liabilities	20.76	17.62	40.48	13.83	14.55	43.44
Common Stock	5.41	5.41	5.41	5.41	5.41	5.41
Additional Paid-In Capital	133.66	133.66	133.66	133.66	133.66	133.66
Retained Earnings	70.76	72.87	89.77	101.88	121.83	145.46
Comprehensive Income & Other	48.76	48.76	48.76	48.76	48.76	48.81
Total Common Equity	258.58	260.69	277.59	289.7	309.65	333.33
Minority Interest	0	0	0	0	0	6.06
Shareholders' Equity	258.58	260.7	277.59	289.7	309.65	339.39
Total Liabilities & Equity	279.34	278.32	318.08	303.53	324.2	382.82
Total Debt	-	-	0.75	-	0.88	1.72
Net Cash (Debt)	81.52	79.93	64.6	89.28	96.85	72.87
Net Cash Growth	-11.67%	23.74%	-27.64%	-7.82%	32.91%	329.72%
Net Cash Per Share	0.13	0.12	0.10	0.14	0.15	0.11
Filing Date Shares Outstanding	650	650	650	650	650	650
Total Common Shares Outstanding	650	650	650	650	650	650
Working Capital	90.3	89.68	93.57	99.4	102.31	134.44
Book Value Per Share	0.40	0.40	0.43	0.45	0.48	0.51
Tangible Book Value	258.58	260.69	277.59	289.7	309.65	333.33
Tangible Book Value Per Share	0.40	0.40	0.43	0.45	0.48	0.51
Buildings	-	71.12	69.81	111.22	110.53	148.63
Machinery	-	18.1	18.13	19.11	19.89	24.97
Construction In Progress	-	13.07	15.8	16.51	14.86	11.32

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