Harbin Air Conditioning 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	126.51	234.09	286.59	306.42	237.66	299.67
Cash & Short-Term Investments	126.51	234.09	286.59	306.42	237.66	299.67
Cash Growth	-46.51%	-18.32%	-6.47%	28.93%	-20.69%	-7.83%
Accounts Receivable	1,208	1,271	1,328	1,455	1,226	974.23
Other Receivables	25.01	27.45	16.05	16.64	14.71	7.18
Receivables	1,233	1,299	1,344	1,472	1,241	981.41
Inventory	589.45	465.58	418.02	344.9	277.84	223.57
Other Current Assets	114.48	84.72	86.35	70.25	54.35	33.35
Total Current Assets	2,063	2,083	2,135	2,194	1,810	1,538
Property, Plant & Equipment	453.89	453.47	474.44	483.46	436.88	389.01
Long-Term Investments	24.26	24.44	25.09	25.51	27.7	28.91
Goodwill	0.86	0.86	0.86	0.86	0.86	-
Other Intangible Assets	51.64	52.26	56.61	60.94	41.86	35.78
Long-Term Accounts Receivable	-	66.63	18.14	50.73	34.36	69.98
Long-Term Deferred Tax Assets	74.51	74.51	84.44	88.01	84.39	85.18
Long-Term Deferred Charges	0.35	0.35	-	-	-	-
Other Long-Term Assets	81.85	17.03	31.26	33.7	22.61	-
Total Assets	2,751	2,773	2,826	2,937	2,459	2,147
Accounts Payable	598.98	693.66	615.38	676.52	605.91	668.35
Accrued Expenses	5.4	21.34	20.36	40.78	38.93	30.82
Short-Term Debt	651.19	702.1	334.34	329.67	338.86	100
Current Portion of Long-Term Debt	44.31	62.58	499.86	224.16	204.5	130
Current Portion of Leases	-	1.21	1.16	0.75	-	-
Current Income Taxes Payable	2.59	1.32	9.51	11.28	9.57	8.99
Current Unearned Revenue	174.78	112.76	152.96	124.86	47.07	35.5
Other Current Liabilities	221.96	246.23	274.07	294.11	244.03	150.44
Total Current Liabilities	1,699	1,841	1,908	1,702	1,489	1,124
Long-Term Debt	96	41	30	334.26	110.52	200
Long-Term Leases	1.34	1.34	3.18	3.05	-	-
Long-Term Unearned Revenue	7.75	23.8	30.44	35.79	27.8	30.7
Long-Term Deferred Tax Liabilities	1.53	1.53	2.37	2.99	2.39	-
Other Long-Term Liabilities	111.36	2.13	0.84	0.75	0.14	16.21
Total Liabilities	1,917	1,911	1,974	2,079	1,630	1,371
Common Stock	383.34	383.34	383.34	383.34	383.34	383.34
Additional Paid-In Capital	81.23	81.23	81.66	81.66	80.87	81.48
Retained Earnings	342.31	372.85	369.38	365.86	344.52	307.06
Comprehensive Income & Other	3.71	1.95	-0.44	-0.2	1.24	1.08
Total Common Equity	810.59	839.37	833.94	830.65	809.97	772.96
Minority Interest	23.04	22.41	17.58	27.18	19.38	2.89
Shareholders' Equity	833.63	861.78	851.52	857.83	829.36	775.85
Total Liabilities & Equity	2,751	2,773	2,826	2,937	2,459	2,147
Total Debt	792.84	808.24	868.53	891.89	653.88	430
Net Cash (Debt)	-666.34	-574.15	-581.95	-585.47	-416.21	-130.33
Net Cash Per Share	-1.74	-1.50	-1.52	-1.53	-1.09	-0.34
Filing Date Shares Outstanding	383.34	383.34	383.34	383.34	383.34	383.34
Total Common Shares Outstanding	383.34	383.34	383.34	383.34	383.34	383.34
Working Capital	364.25	242.02	227.51	491.46	321.55	413.91
Book Value Per Share	2.11	2.19	2.18	2.17	2.11	2.02
Tangible Book Value	758.09	786.25	776.47	768.86	767.25	737.19
Tangible Book Value Per Share	1.98	2.05	2.03	2.01	2.00	1.92
Buildings	-	548.11	573.98	574.38	464.51	422.62
Machinery	-	271.96	265.26	244.6	224.24	177.01
Construction In Progress	-	16.79	1.47	1.03	4.2	-

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