Hongchang International Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.55	0.49	0.24	0.9	0	0
Cash & Short-Term Investments	0.55	0.49	0.24	0.9	0	0
Cash Growth	11.88%	104.99%	-73.14%	28417.35%	17.38%	-
Accounts Receivable	5.85	2.28	0.09	0.74	-	-
Other Receivables	0.92	0.72	0.85	1.07	0.02	0
Receivables	6.77	3	0.94	2.89	0.02	0
Inventory	0.05	0.04	-	0.01	-	-
Prepaid Expenses	-	0	0	0.02	-	-
Restricted Cash	0.23	0.22	-	-	-	-
Other Current Assets	0.59	0.18	6.85	0.07	0.06	-
Total Current Assets	8.18	4.03	8.13	3.96	0.08	0
Property, Plant & Equipment	50.11	43.97	41.28	41.43	26.84	0.08
Long-Term Investments	-	0.53	-	-	-	-
Other Intangible Assets	-	4	3.91	4.12	4.32	4.79
Other Long-Term Assets	7.27	7.01	4.13	0.71	-	-
Total Assets	65.88	59.54	57.45	50.22	31.24	4.87
Accounts Payable	3.77	2.26	-	0.65	0.01	0
Accrued Expenses	0.93	0.3	0.09	0.33	0	0
Short-Term Debt	0.86	-	-	-	-	5.01
Current Portion of Long-Term Debt	0.27	0.38	0.24	-	-	-
Other Current Liabilities	3.85	3.51	6.37	0.07	25.25	0
Total Current Liabilities	9.68	6.45	6.69	1.06	25.26	5.01
Long-Term Debt	10.51	10.07	10.06	6.68	-	-
Long-Term Unearned Revenue	1.98	1.94	1.93	1.99	-	-
Long-Term Deferred Tax Liabilities	0	0.01	-	-	-	-
Other Long-Term Liabilities	-	-	-	-	6.4	-
Total Liabilities	22.18	18.46	18.68	9.73	31.66	5.01
Common Stock	0.52	0.52	0.52	0.52	0.42	0
Additional Paid-In Capital	39.91	39.91	39.91	39.91	-	-
Retained Earnings	0.39	-0.03	-1.29	-0.81	-0.43	-0.15
Comprehensive Income & Other	1.48	-0.13	-0.37	0.88	-0.4	-0
Total Common Equity	42.29	40.26	38.77	40.49	-0.42	-0.15
Minority Interest	1.41	0.82	0.01	-	-	-
Shareholders' Equity	43.7	41.08	38.77	40.49	-0.42	-0.15
Total Liabilities & Equity	65.88	59.54	57.45	50.22	31.24	4.87
Total Debt	11.64	10.45	10.29	6.68	-	5.01
Net Cash (Debt)	-11.09	-9.95	-10.05	-5.79	0	-5
Net Cash Per Share	-0.02	-0.02	-0.02	-0.01	0.00	-1.00
Filing Date Shares Outstanding	518.83	518.83	518.83	518.83	61.67	5
Total Common Shares Outstanding	518.83	518.83	518.83	518.83	61.67	5
Working Capital	-1.5	-2.41	1.43	2.91	-25.18	-5.01
Book Value Per Share	0.08	0.08	0.07	0.08	-0.01	-0.03
Tangible Book Value	42.29	36.26	34.86	36.37	-4.74	-4.93
Tangible Book Value Per Share	0.08	0.07	0.07	0.07	-0.08	-0.99
Buildings	-	27.53	-	-	-	-
Machinery	-	0.02	0.02	0	-	-
Construction In Progress	-	16.83	41.26	41.42	26.84	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.