Henan Huanghe Whirlwind 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	Sep '25 Sep 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	341.3	319.3	680.37	884.75	1,925	1,365
Cash & Short-Term Investments	341.3	319.3	680.37	884.75	1,925	1,365
Cash Growth	4.45%	-53.07%	-23.10%	-54.04%	41.06%	35.87%
Accounts Receivable	867.97	880.21	905.2	797.3	812.81	781.51
Other Receivables	466.75	457.46	168.24	150.93	160.27	228.15
Receivables	1,335	1,338	1,073	948.23	973.09	1,010
Inventory	764.91	672.1	770.06	824.53	790.19	811.04
Prepaid Expenses	-	-	-	19.68	-	-
Other Current Assets	33.61	27.1	872.07	88.89	186.73	318.51
Total Current Assets	2,475	2,356	3,396	2,766	3,875	3,504
Property, Plant & Equipment	4,239	4,372	4,898	5,885	5,943	5,558
Long-Term Investments	264.45	267.58	19.75	21.41	6.66	5.99
Other Intangible Assets	177.79	187.1	171.16	266.55	276.07	278.71
Long-Term Accounts Receivable	9.25	11.75	13.75	6	-	8
Long-Term Deferred Tax Assets	273.65	241.38	145.04	105.08	110.16	47.67
Long-Term Deferred Charges	8.79	7.07	5.78	7.9	12.32	2.6
Other Long-Term Assets	320.01	332.75	348.77	576.85	477.13	565.54
Total Assets	7,767	7,776	8,998	9,635	10,701	9,971
Accounts Payable	551.07	540.51	1,115	782.5	843.54	564.66
Accrued Expenses	46.28	76.52	94.42	44.71	122.77	47.29
Short-Term Debt	4,888	3,976	3,043	3,443	4,707	3,185
Current Portion of Long-Term Debt	-	505.89	882.35	94	336	567.24
Current Portion of Leases	-	21.84	149.67	171.93	317.65	154.84
Current Income Taxes Payable	9.52	6.59	6.31	6.68	6.15	0.31
Current Unearned Revenue	114.8	88.16	64.98	74.81	67.73	105.72
Other Current Liabilities	809.25	733.18	607.82	394.26	251.07	1,141
Total Current Liabilities	6,419	5,949	5,964	5,012	6,652	5,766
Long-Term Debt	-	-	110	791.75	457.72	302.7
Long-Term Leases	255.62	224.14	412.39	516.52	309.96	616.84
Long-Term Unearned Revenue	15.72	18.76	18.75	22.62	18.04	21.83
Long-Term Deferred Tax Liabilities	46.14	23.35	-	-	-	-
Other Long-Term Liabilities	-	39.9	-	-	1.97	44.8
Total Liabilities	6,736	6,255	6,505	6,343	7,439	6,753
Common Stock	1,442	1,442	1,442	1,442	1,442	1,442
Additional Paid-In Capital	1,800	1,800	1,800	1,800	1,800	1,800
Retained Earnings	-2,051	-1,528	-545.1	253.39	222.57	179.54
Treasury Stock	-204	-204	-204	-204	-204	-204
Comprehensive Income & Other	-0.05	-0.08	-0.04	0.01	0.25	0.19
Total Common Equity	987.37	1,510	2,493	3,292	3,261	3,218
Minority Interest	43.56	10.72	-	-	-	-
Shareholders' Equity	1,031	1,521	2,493	3,292	3,261	3,218
Total Liabilities & Equity	7,767	7,776	8,998	9,635	10,701	9,971
Total Debt	5,144	4,728	4,598	5,018	6,128	4,827
Net Cash (Debt)	-4,802	-4,409	-3,917	-4,133	-4,203	-3,462
Net Cash Per Share	-3.45	-3.17	-2.81	-2.96	-3.02	-2.49
Filing Date Shares Outstanding	1,442	1,442	1,442	1,442	1,442	1,442
Total Common Shares Outstanding	1,442	1,442	1,442	1,442	1,442	1,442
Working Capital	-3,944	-3,593	-2,568	-2,246	-2,777	-2,263
Book Value Per Share	0.68	1.05	1.73	2.28	2.26	2.23
Tangible Book Value	809.59	1,323	2,322	3,025	2,985	2,940
Tangible Book Value Per Share	0.56	0.92	1.61	2.10	2.07	2.04
Buildings	-	2,470	2,464	2,909	2,820	2,366
Machinery	-	4,382	4,628	4,473	4,325	3,693
Construction In Progress	-	145.4	174.53	522.96	722.33	1,126

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.