Baotou Huazi Industry Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	46.05	90.15	41.56	47.12	5.55	75.78
Trading Asset Securities	-	-	-	-	0	-
Cash & Short-Term Investments	46.05	90.15	41.56	47.12	5.55	75.78
Cash Growth	-0.53%	116.91%	-11.80%	749.34%	-92.68%	176.37%
Accounts Receivable	33.49	43.38	69.82	40.91	78.19	1.77
Other Receivables	17.17	26.18	0.6	32.69	29.1	39.41
Receivables	50.67	69.56	70.42	73.61	107.29	41.19
Inventory	100.58	93.14	34.68	130.52	178.76	1.34
Prepaid Expenses	-	-	0	0	-	-
Other Current Assets	43.02	57.64	22.65	19.31	25.18	1.48
Total Current Assets	240.32	310.49	169.32	270.55	316.77	119.79
Property, Plant & Equipment	876.97	898.06	920.95	264.74	214.95	90.07
Long-Term Investments	1,034	1,018	982.14	1,187	1,266	1,448
Other Intangible Assets	30.84	31.58	32.22	33.66	35.09	35.9
Long-Term Accounts Receivable	9.77	16.17	-	-	-	-
Long-Term Deferred Tax Assets	34.83	35.45	49.6	56.77	59.8	26.44
Long-Term Deferred Charges	5.94	7.41	6.6	3.76	-	-
Other Long-Term Assets	17.64	28.61	38.86	121.53	36.85	36.25
Total Assets	2,250	2,346	2,200	1,938	1,930	1,756

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Accounts Payable	66.55	91.73	250.09	14.06	18.85	2.05
Accrued Expenses	9.15	9.13	8.36	11.27	22.33	6
Short-Term Debt	222.8	252.07	41.32	160.44	169.21	-
Current Portion of Long-Term Debt	19.21	14.28	-	-	-	-
Current Portion of Leases	50.33	49.22	41.27	11.66	10.88	-
Current Income Taxes Payable	0.47	1.54	0.28	2.33	5.32	1.38
Current Unearned Revenue	8.7	3.98	3.38	3.06	7.16	0.84
Other Current Liabilities	14.92	65.53	42.91	22.11	9.66	0.97
Total Current Liabilities	392.12	487.47	387.61	224.92	243.41	11.24
Long-Term Debt	47.88	42.69	-	-	-	-
Long-Term Leases	90.87	116.28	144.67	97.78	108.88	-
Long-Term Unearned Revenue	4.11	3.86	3.86	-	-	-
Long-Term Deferred Tax Liabilities	-	0.03	25.19	76.39	96.02	70.55
Other Long-Term Liabilities	-	-	0.04	-	-	-
Total Liabilities	534.98	650.33	561.37	399.1	448.31	81.79

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Common Stock	484.93	484.93	484.93	484.93	484.93	484.93
Additional Paid-In Capital	584.09	581.73	581.06	578.47	578.47	578.47
Retained Earnings	657.39	632.14	573.12	337.81	230.14	400.07
Comprehensive Income & Other	-11.27	-3.53	-0.79	137.42	187.67	210.78
Total Common Equity	1,715	1,695	1,638	1,539	1,481	1,674
Shareholders' Equity	1,715	1,695	1,638	1,539	1,481	1,674
Total Liabilities & Equity	2,250	2,346	2,200	1,938	1,930	1,756

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Total Debt	431.08	474.53	227.25	269.88	288.97	-
Net Cash (Debt)	-385.03	-384.39	-185.69	-222.77	-283.42	75.78
Net Cash Growth	-	-	-	-	-	176.37%
Net Cash Per Share	-0.79	-0.79	-0.38	-0.46	-0.58	0.16
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	-151.8	-176.98	-218.29	45.63	73.36	108.55
Book Value Per Share	3.54	3.50	3.38	3.17	3.05	3.45
Tangible Book Value	1,684	1,664	1,606	1,505	1,446	1,638
Tangible Book Value Per Share	3.47	3.43	3.31	3.10	2.98	3.38
Buildings	360.53	359.99	191.27	193.41	214.17	218.73
Machinery	688.81	686.38	151.84	162.64	166.59	166.51
Construction In Progress	4.63	0.83	726.78	53.62	7.17	-