Shuanghua Holdings 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	78.13	79.93	65.35	89.28	97.73
Cash & Short-Term Investments	78.13	79.93	65.35	89.28	97.73
Cash Growth	-2.25%	22.32%	-26.80%	-8.65%	31.03%
Accounts Receivable	28.24	11.95	46.46	4.28	5.61
Other Receivables	-	2	6.18	6.51	6.7
Receivables	28.24	13.96	52.64	10.79	12.31
Inventory	0.33	-	2.15	0.01	2.15
Other Current Assets	14.92	11.86	12.91	12.36	3.53
Total Current Assets	121.62	105.75	133.04	112.43	115.72
Property, Plant & Equipment	77.9	90.5	99.66	134.29	140.58
Long-Term Investments	9.13	8.27	5.85	5.39	6.44
Other Long-Term Assets	67.9	73.8	79.53	51.42	61.45
Total Assets	276.55	278.32	318.08	303.53	324.2
Accounts Payable	18.71	3.98	25.37	6.87	6.43
Accrued Expenses	-	4.31	6.33	3.91	2.33
Current Portion of Leases	0.58	-	0.75	-	0.88
Current Income Taxes Payable	1.28	1.28	1.27	-	1.09
Current Unearned Revenue	-	4.41	3.31	1.47	1.78
Other Current Liabilities	13.06	2.09	2.45	0.78	0.9
Total Current Liabilities	33.63	16.07	39.47	13.03	13.41
Long-Term Deferred Tax Liabilities	1.03	1.55	1.01	0.81	1.14
Total Liabilities	34.66	17.62	40.48	13.83	14.55
Common Stock	5.41	5.41	5.41	5.41	5.41
Additional Paid-In Capital	-	133.66	133.66	133.66	133.66
Retained Earnings	-	72.87	89.77	101.88	121.83
Comprehensive Income & Other	236.48	48.76	48.76	48.76	48.76
Total Common Equity	241.88	260.69	277.59	289.7	309.65
Minority Interest	0	0	0	0	0
Shareholders' Equity	241.89	260.7	277.59	289.7	309.65
Total Liabilities & Equity	276.55	278.32	318.08	303.53	324.2
Total Debt	0.58	-	0.75	-	0.88
Net Cash (Debt)	77.55	79.93	64.6	89.28	96.85
Net Cash Growth	-2.98%	23.74%	-27.64%	-7.82%	32.91%
Net Cash Per Share	0.12	0.12	0.10	0.14	0.15
Filing Date Shares Outstanding	647.24	650	650	650	650
Total Common Shares Outstanding	647.24	650	650	650	650
Working Capital	87.99	89.68	93.57	99.4	102.31
Book Value Per Share	0.37	0.40	0.43	0.45	0.48
Tangible Book Value	241.88	260.69	277.59	289.7	309.65
Tangible Book Value Per Share	0.37	0.40	0.43	0.45	0.48
Buildings	-	71.12	69.81	111.22	110.53
Machinery	-	18.1	18.13	19.11	19.89
Construction In Progress	-	13.07	15.8	16.51	14.86

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