Harbin Air Conditioning 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	234.09	286.59	306.42	237.66	299.67
Cash & Short-Term Investments	234.09	286.59	306.42	237.66	299.67
Cash Growth	-18.32%	-6.47%	28.93%	-20.69%	-7.83%
Accounts Receivable	1,271	1,328	1,455	1,226	974.23
Other Receivables	27.2	16.05	16.64	14.71	7.18
Receivables	1,299	1,344	1,472	1,241	981.41
Inventory	465.58	418.02	344.9	277.84	223.57
Other Current Assets	84.97	86.35	70.25	54.35	33.35
Total Current Assets	2,083	2,135	2,194	1,810	1,538
Property, Plant & Equipment	453.47	474.44	483.46	436.88	389.01
Long-Term Investments	24.44	25.09	25.51	27.7	28.91
Goodwill	0.86	0.86	0.86	0.86	-
Other Intangible Assets	52.26	56.61	60.94	41.86	35.78
Long-Term Accounts Receivable	-	18.14	50.73	34.36	69.98
Long-Term Deferred Tax Assets	74.51	84.44	88.01	84.39	85.18
Long-Term Deferred Charges	0.35	-	-	-	-
Other Long-Term Assets	83.67	31.26	33.7	22.61	-
Total Assets	2,773	2,826	2,937	2,459	2,147
Accounts Payable	702.53	615.38	676.52	605.91	668.35
Accrued Expenses	10.55	20.36	40.78	38.93	30.82
Short-Term Debt	702.1	334.34	329.67	338.86	100
Current Portion of Long-Term Debt	63.79	499.86	224.16	204.5	130
Current Portion of Leases	-	1.16	0.75	-	-
Current Income Taxes Payable	3.45	9.51	11.28	9.57	8.99
Current Unearned Revenue	112.76	152.96	124.86	47.07	35.5
Other Current Liabilities	246.01	274.07	294.11	244.03	150.44
Total Current Liabilities	1,841	1,908	1,702	1,489	1,124
Long-Term Debt	41	30	334.26	110.52	200
Long-Term Leases	1.34	3.18	3.05	-	-
Long-Term Unearned Revenue	7.39	30.44	35.79	27.8	30.7
Long-Term Deferred Tax Liabilities	1.53	2.37	2.99	2.39	-
Other Long-Term Liabilities	18.54	0.84	0.75	0.14	16.21
Total Liabilities	1,911	1,974	2,079	1,630	1,371
Common Stock	383.34	383.34	383.34	383.34	383.34
Additional Paid-In Capital	81.23	81.66	81.66	80.87	81.48
Retained Earnings	372.85	369.38	365.86	344.52	307.06
Comprehensive Income & Other	1.95	-0.44	-0.2	1.24	1.08
Total Common Equity	839.37	833.94	830.65	809.97	772.96
Minority Interest	22.41	17.58	27.18	19.38	2.89
Shareholders' Equity	861.78	851.52	857.83	829.36	775.85
Total Liabilities & Equity	2,773	2,826	2,937	2,459	2,147
Total Debt	808.24	868.53	891.89	653.88	430
Net Cash (Debt)	-574.15	-581.95	-585.47	-416.21	-130.33
Net Cash Per Share	-1.50	-1.52	-1.53	-1.09	-0.34
Filing Date Shares Outstanding	379.48	383.34	383.34	383.34	383.34
Total Common Shares Outstanding	379.48	383.34	383.34	383.34	383.34
Working Capital	242.02	227.51	491.46	321.55	413.91
Book Value Per Share	2.21	2.18	2.17	2.11	2.02
Tangible Book Value	786.25	776.47	768.86	767.25	737.19
Tangible Book Value Per Share	2.07	2.03	2.01	2.00	1.92
Buildings	-	573.98	574.38	464.51	422.62
Machinery	-	265.26	244.6	224.24	177.01
Construction In Progress	-	1.47	1.03	4.2	-

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