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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	65.2	90.15	41.56	47.12	5.55	75.78
Trading Asset Securities	-	-	-	-	0	-
Cash & Short-Term Investments	65.2	90.15	41.56	47.12	5.55	75.78
Cash Growth	268.18%	116.91%	-11.80%	749.34%	-92.68%	176.37%
Accounts Receivable	37.46	43.38	69.82	40.91	78.19	1.77
Other Receivables	1.08	26.18	0.6	32.69	29.1	39.41
Receivables	38.53	69.56	70.42	73.61	107.29	41.19
Inventory	101.28	93.14	34.68	130.52	178.76	1.34
Prepaid Expenses	-	-	0	0	-	-
Other Current Assets	47.89	57.64	22.65	19.31	25.18	1.48
Total Current Assets	252.9	310.49	169.32	270.55	316.77	119.79
Property, Plant & Equipment	887.89	898.06	920.95	264.74	214.95	90.07
Long-Term Investments	1,024	1,018	982.14	1,187	1,266	1,448
Other Intangible Assets	31.21	31.58	32.22	33.66	35.09	35.9
Long-Term Accounts Receivable	-	16.17	-	-	-	-
Long-Term Deferred Tax Assets	35.46	35.45	49.6	56.77	59.8	26.44
Long-Term Deferred Charges	6.39	7.41	6.6	3.76	-	-
Other Long-Term Assets	43.18	28.61	38.86	121.53	36.85	36.25
Total Assets	2,282	2,346	2,200	1,938	1,930	1,756
Accounts Payable	65.66	91.73	250.09	14.06	18.85	2.05
Accrued Expenses	6.87	9.13	8.36	11.27	22.33	6
Short-Term Debt	89.06	252.07	41.32	160.44	169.21	-
Current Portion of Long-Term Debt	65.43	14.28	-	-	-	-
Current Portion of Leases	-	49.22	41.27	11.66	10.88	-
Current Income Taxes Payable	2.7	1.54	0.28	2.33	5.32	1.38
Current Unearned Revenue	5.89	3.98	3.38	3.06	7.16	0.84
Other Current Liabilities	175.32	65.53	42.91	22.11	9.66	0.97
Total Current Liabilities	410.92	487.47	387.61	224.92	243.41	11.24
Long-Term Debt	42.69	42.69	-	-	-	-
Long-Term Leases	70.68	116.28	144.67	97.78	108.88	-
Long-Term Unearned Revenue	3.86	3.86	3.86	-	-	-
Long-Term Deferred Tax Liabilities	0.04	0.03	25.19	76.39	96.02	70.55
Other Long-Term Liabilities	35.79	-	0.04	-	-	-
Total Liabilities	563.98	650.33	561.37	399.1	448.31	81.79
Common Stock	484.93	484.93	484.93	484.93	484.93	484.93
Additional Paid-In Capital	582.9	581.73	581.06	578.47	578.47	578.47
Retained Earnings	652.65	632.14	573.12	337.81	230.14	400.07
Comprehensive Income & Other	-2.95	-3.53	-0.79	137.42	187.67	210.78
Total Common Equity	1,718	1,695	1,638	1,539	1,481	1,674
Shareholders' Equity	1,718	1,695	1,638	1,539	1,481	1,674
Total Liabilities & Equity	2,282	2,346	2,200	1,938	1,930	1,756
Total Debt	267.86	474.53	227.25	269.88	288.97	-
Net Cash (Debt)	-202.66	-384.39	-185.69	-222.77	-283.42	75.78
Net Cash Growth	-	-	-	-	-	176.37%
Net Cash Per Share	-0.42	-0.79	-0.38	-0.46	-0.58	0.16
Filing Date Shares Outstanding	484.77	484.93	484.93	484.93	484.93	484.93
Total Common Shares Outstanding	484.77	484.93	484.93	484.93	484.93	484.93
Working Capital	-158.02	-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	1,686	1,664	1,606	1,505	1,446	1,638
Tangible Book Value Per Share	3.48	3.43	3.31	3.10	2.98	3.38
Buildings	-	359.99	191.27	193.41	214.17	218.73
Machinery	-	686.38	151.84	162.64	166.59	166.51
Construction In Progress	-	0.83	726.78	53.62	7.17	-