Huayu Expressway Group 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	119.24	185.76	313.72	205.66	271.91	207.6
Trading Asset Securities	-	-	14.24	11.01	-	-
Cash & Short-Term Investments	119.24	185.76	327.96	216.67	271.91	207.6
Cash Growth	-56.84%	-43.36%	51.36%	-20.32%	30.98%	-1.12%
Accounts Receivable	10.24	4.99	2.86	1.01	10.1	6.95
Other Receivables	94.54	83.6	45.26	29.05	48.26	52.19
Receivables	104.78	88.59	48.12	30.06	58.36	59.14
Inventory	397.37	390.61	256.63	159.93	81.76	79.57
Prepaid Expenses	52.76	-	-	47.89	-	-
Other Current Assets	21.52	48.69	87.3	1,252	115.72	20.8
Total Current Assets	695.67	713.65	720.01	1,707	527.75	367.11
Property, Plant & Equipment	480.38	428.97	211.16	7.09	29.65	16.27
Long-Term Investments	144.44	163.58	180.56	125.88	34.07	18.63
Other Intangible Assets	35.03	49.13	80.2	115.09	1,203	1,261
Long-Term Deferred Tax Assets	0.27	0.27	0.16	1.38	114.02	122.42
Other Long-Term Assets	38.04	57.21	57.13	-	-	-
Total Assets	1,394	1,413	1,249	1,956	1,908	1,785
Accounts Payable	46.06	50.03	7.13	9.34	44.86	46.58
Accrued Expenses	3.43	7.66	9.3	8.91	17.38	16.75
Short-Term Debt	77.38	128.12	-	50	30	-
Current Portion of Long-Term Debt	39.5	17	-	91.09	80	130.07
Current Portion of Leases	1.64	2.39	0.9	1.39	1.47	1.08
Current Income Taxes Payable	5.56	5.78	13.77	1.98	8.45	4.36
Current Unearned Revenue	17.12	12.61	77.55	37.94	25.31	5.55
Other Current Liabilities	11.13	10.78	16	952.01	19.67	18.17
Total Current Liabilities	201.81	234.37	124.65	1,153	227.13	222.56
Long-Term Debt	139.49	99.47	-	-	961.3	873.44
Long-Term Leases	0.1	0.54	0.56	0.26	1.51	0.8
Total Liabilities	341.4	334.38	125.21	1,153	1,190	1,097
Common Stock	3.63	3.63	3.63	3.63	3.63	3.47
Additional Paid-In Capital	51.49	51.49	51.49	51.49	51.49	67.46
Retained Earnings	6.27	29.59	83.67	-201.99	-279.79	-379.45
Comprehensive Income & Other	665.79	666.44	665.03	665.04	696.26	824.21
Total Common Equity	727.18	751.15	803.83	518.17	471.59	515.7
Minority Interest	325.25	327.28	320.2	284.86	246.49	172.91
Shareholders' Equity	1,052	1,078	1,124	803.03	718.08	688.61
Total Liabilities & Equity	1,394	1,413	1,249	1,956	1,908	1,785
Total Debt	258.11	247.52	1.46	142.74	1,074	1,005
Net Cash (Debt)	-138.87	-61.77	326.5	73.93	-802.37	-797.79
Net Cash Growth	-	-	341.64%	-	-	-
Net Cash Per Share	-0.34	-0.15	0.79	0.18	-1.94	-1.93
Filing Date Shares Outstanding	412.61	412.61	412.61	412.61	412.61	412.61
Total Common Shares Outstanding	412.61	412.61	412.61	412.61	412.61	412.61
Working Capital	493.86	479.27	595.37	553.84	300.62	144.55
Book Value Per Share	1.76	1.82	1.95	1.26	1.14	1.25
Tangible Book Value	692.15	702.01	723.63	403.08	-730.95	-745.27
Tangible Book Value Per Share	1.68	1.70	1.75	0.98	-1.77	-1.81
Land	-	182.31	177.3	-	-	-
Machinery	-	15.3	13.69	10.85	59.96	42.96
Construction In Progress	-	242.51	26.41	-	-	-

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