Henan Huanghe Whirlwind 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	270.99	319.3	680.37	884.75	1,925
Cash & Short-Term Investments	270.99	319.3	680.37	884.75	1,925
Cash Growth	-15.13%	-53.07%	-23.10%	-54.04%	41.06%
Accounts Receivable	709.66	880.21	905.2	797.3	812.81
Other Receivables	382.74	457.46	168.24	150.93	160.27
Receivables	1,092	1,338	1,073	948.23	973.09
Inventory	708.11	672.1	770.06	824.53	790.19
Prepaid Expenses	-	-	-	19.68	-
Other Current Assets	54.3	27.1	872.07	88.89	186.73
Total Current Assets	2,126	2,356	3,396	2,766	3,875
Property, Plant & Equipment	4,161	4,372	4,898	5,885	5,943
Long-Term Investments	267.26	267.58	19.75	21.41	6.66
Other Intangible Assets	174.68	187.1	171.16	266.55	276.07
Long-Term Accounts Receivable	-	11.75	13.75	6	-
Long-Term Deferred Tax Assets	284.13	241.38	145.04	105.08	110.16
Long-Term Deferred Charges	10.84	7.07	5.78	7.9	12.32
Other Long-Term Assets	320.1	332.75	348.77	576.85	477.13
Total Assets	7,344	7,776	8,998	9,635	10,701
Accounts Payable	500.67	540.51	1,115	782.5	843.54
Accrued Expenses	49.71	76.52	94.42	44.71	122.77
Short-Term Debt	2,339	3,976	3,043	3,443	4,707
Current Portion of Long-Term Debt	737.18	505.89	882.35	94	336
Current Portion of Leases	-	21.84	149.67	171.93	317.65
Current Income Taxes Payable	11.47	6.59	6.31	6.68	6.15
Current Unearned Revenue	50.6	88.16	64.98	74.81	67.73
Other Current Liabilities	2,749	733.18	607.82	394.26	251.07
Total Current Liabilities	6,438	5,949	5,964	5,012	6,652
Long-Term Debt	-	-	110	791.75	457.72
Long-Term Leases	90.96	224.14	412.39	516.52	309.96
Long-Term Unearned Revenue	14.7	18.76	18.75	22.62	18.04
Long-Term Deferred Tax Liabilities	41.01	23.35	-	-	-
Other Long-Term Liabilities	130.21	39.9	-	-	1.97
Total Liabilities	6,715	6,255	6,505	6,343	7,439
Common Stock	1,442	1,442	1,442	1,442	1,442
Additional Paid-In Capital	1,800	1,800	1,800	1,800	1,800
Retained Earnings	-2,478	-1,528	-545.1	253.39	222.57
Treasury Stock	-204	-204	-204	-204	-204
Comprehensive Income & Other	-0.02	-0.08	-0.04	0.01	0.25
Total Common Equity	560.12	1,510	2,493	3,292	3,261
Minority Interest	68.92	10.72	-	-	-
Shareholders' Equity	629.04	1,521	2,493	3,292	3,261
Total Liabilities & Equity	7,344	7,776	8,998	9,635	10,701
Total Debt	3,168	4,728	4,598	5,018	6,128
Net Cash (Debt)	-2,897	-4,409	-3,917	-4,133	-4,203
Net Cash Per Share	-2.08	-3.17	-2.81	-2.96	-3.02
Filing Date Shares Outstanding	1,392	1,442	1,442	1,442	1,442
Total Common Shares Outstanding	1,392	1,442	1,442	1,442	1,442
Working Capital	-4,312	-3,593	-2,568	-2,246	-2,777
Book Value Per Share	0.40	1.05	1.73	2.28	2.26
Tangible Book Value	385.44	1,323	2,322	3,025	2,985
Tangible Book Value Per Share	0.28	0.92	1.61	2.10	2.07
Buildings	-	2,470	2,464	2,909	2,820
Machinery	-	4,382	4,628	4,473	4,325
Construction In Progress	-	145.4	174.53	522.96	722.33

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