Baotou Huazi Industry 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	58.83	41.56	47.12	5.55	75.78	27.42
Trading Asset Securities	-	-	-	0	-	-
Cash & Short-Term Investments	58.83	41.56	47.12	5.55	75.78	27.42
Cash Growth	135.20%	-11.80%	749.34%	-92.68%	176.37%	-80.20%
Accounts Receivable	36.94	69.82	40.91	78.19	1.77	2.5
Other Receivables	19.47	0.6	32.69	29.1	39.41	51.77
Receivables	56.42	70.42	73.61	107.29	41.19	54.27
Inventory	79.92	34.68	130.52	178.76	1.34	1.01
Prepaid Expenses	-	0	0	-	-	-
Other Current Assets	49.37	22.65	19.31	25.18	1.48	2.49
Total Current Assets	244.53	169.32	270.55	316.77	119.79	85.19
Property, Plant & Equipment	917.51	920.95	264.74	214.95	90.07	94.73
Long-Term Investments	1,030	982.14	1,187	1,266	1,448	1,504
Other Intangible Assets	31.95	32.22	33.66	35.09	35.9	37.28
Long-Term Deferred Tax Assets	48.47	49.6	56.77	59.8	26.44	26.53
Long-Term Deferred Charges	8.3	6.6	3.76	-	-	-
Other Long-Term Assets	41.31	38.86	121.53	36.85	36.25	39.09
Total Assets	2,322	2,200	1,938	1,930	1,756	1,786
Accounts Payable	162.12	36.3	14.06	18.85	2.05	1.5
Accrued Expenses	8.31	11.69	11.27	22.33	6	5.21
Short-Term Debt	89.12	41.32	160.44	169.21	-	-
Current Portion of Long-Term Debt	78.63	-	-	-	-	-
Current Portion of Leases	-	12.24	11.66	10.88	-	-
Current Income Taxes Payable	6.75	0.28	2.33	5.32	1.38	-
Current Unearned Revenue	7.49	3.38	3.06	7.16	0.84	0.75
Other Current Liabilities	52.09	282.39	22.11	9.66	0.97	1.3
Total Current Liabilities	404.52	387.61	224.92	243.41	11.24	8.76
Long-Term Debt	49.8	-	-	-	-	-
Long-Term Leases	146.98	144.67	97.78	108.88	-	-
Long-Term Unearned Revenue	3.86	3.86	-	-	-	-
Long-Term Deferred Tax Liabilities	23.47	25.19	76.39	96.02	70.55	91.02
Other Long-Term Liabilities	-	0.04	-	-	-	-
Total Liabilities	628.63	561.37	399.1	448.31	81.79	99.78
Common Stock	484.93	484.93	484.93	484.93	484.93	484.93
Additional Paid-In Capital	581.06	581.06	578.47	578.47	578.47	578.47
Retained Earnings	630.39	573.12	337.81	230.14	400.07	351.98
Comprehensive Income & Other	-3.39	-0.79	137.42	187.67	210.78	271.19
Total Common Equity	1,693	1,638	1,539	1,481	1,674	1,687
Shareholders' Equity	1,693	1,638	1,539	1,481	1,674	1,687
Total Liabilities & Equity	2,322	2,200	1,938	1,930	1,756	1,786
Total Debt	364.53	198.22	269.88	288.97	-	-
Net Cash (Debt)	-305.71	-156.66	-222.77	-283.42	75.78	27.42
Net Cash Growth	-	-	-	-	176.37%	-80.20%
Net Cash Per Share	-0.63	-0.32	-0.46	-0.58	0.16	0.06
Filing Date Shares Outstanding	484.93	484.93	484.93	484.93	484.93	484.93
Total Common Shares Outstanding	484.93	484.93	484.93	484.93	484.93	484.93
Working Capital	-159.99	-218.29	45.63	73.36	108.55	76.43
Book Value Per Share	3.49	3.38	3.17	3.05	3.45	3.48
Tangible Book Value	1,661	1,606	1,505	1,446	1,638	1,649
Tangible Book Value Per Share	3.43	3.31	3.10	2.98	3.38	3.40
Buildings	-	190.27	193.41	214.17	218.73	218.73
Machinery	-	152.84	162.64	166.59	166.51	165.12
Construction In Progress	-	726.78	53.62	7.17	-	-

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