Hubei Huarong Holding 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	27.69	53.49	3.53	3.68	3.7	16.31
Cash & Short-Term Investments	27.69	53.49	3.53	3.68	3.7	16.31
Cash Growth	240.86%	1414.37%	-4.01%	-0.67%	-77.29%	-49.47%
Accounts Receivable	140.53	133.5	113.41	100.23	95.33	68.73
Other Receivables	1.68	1.56	1.69	15.07	0.61	1.03
Receivables	142.2	135.07	115.1	115.3	95.94	69.76
Inventory	19.86	40.08	9.68	10.93	9.86	12.95
Prepaid Expenses	-	-	0.1	0.05	0.05	0.17
Other Current Assets	5.52	4.34	1.03	0.96	1.18	1.09
Total Current Assets	195.28	232.98	129.44	130.92	110.73	100.28
Property, Plant & Equipment	17.31	18.79	20.91	10.09	12.56	18.17
Other Intangible Assets	0.61	0.7	0.66	0.88	1.1	1.32
Long-Term Deferred Tax Assets	1.97	1.98	3.14	2.49	4.46	1.24
Long-Term Deferred Charges	0.17	0.17	0.2	-	-	-
Other Long-Term Assets	0.1	0.1	0.01	0.11	-	-
Total Assets	215.43	254.72	154.36	144.48	128.86	121.01
Accounts Payable	12.63	29.4	16.66	14.32	16.22	12.18
Accrued Expenses	2.55	5.92	7.66	8.58	9.93	11.98
Short-Term Debt	24.06	24.08	59.06	53.98	38.66	17.74
Current Portion of Long-Term Debt	22.06	22.16	-	-	-	-
Current Portion of Leases	-	-	2.66	1.61	2.26	2.6
Current Income Taxes Payable	2.09	3.24	0	-	-	-
Current Unearned Revenue	6.77	27.48	3.34	3.98	1.45	0.75
Other Current Liabilities	118.25	122.93	17.54	18.05	7.57	15.24
Total Current Liabilities	188.41	235.2	106.93	100.52	76.08	60.5
Long-Term Leases	1.88	1.81	8.27	2.87	3.72	7.24
Long-Term Unearned Revenue	0.04	0.05	0.12	0.23	0.34	-
Long-Term Deferred Tax Liabilities	0.56	0.65	1.59	0.69	1.59	0.2
Other Long-Term Liabilities	0.8	0.8	0.8	0.8	0.8	0.8
Total Liabilities	191.69	238.52	117.71	105.11	82.53	68.74
Common Stock	195.6	195.6	195.6	195.6	195.6	195.6
Additional Paid-In Capital	228.71	228.71	228.75	228.75	228.75	228.75
Retained Earnings	-410.79	-418.12	-416.54	-411.85	-403.57	-397.08
Comprehensive Income & Other	0.4	0.4	0.41	0.3	0.2	0.19
Total Common Equity	13.91	6.59	8.22	12.8	20.97	27.45
Minority Interest	9.83	9.62	28.43	26.57	25.35	24.82
Shareholders' Equity	23.74	16.21	36.65	39.37	46.33	52.28
Total Liabilities & Equity	215.43	254.72	154.36	144.48	128.86	121.01
Total Debt	48	48.05	69.99	58.46	44.63	27.58
Net Cash (Debt)	-20.31	5.44	-66.46	-54.78	-40.92	-11.27
Net Cash Per Share	-0.11	0.03	-0.28	-0.26	-0.19	-0.06
Filing Date Shares Outstanding	198	53.5	195.6	195.6	195.6	195.6
Total Common Shares Outstanding	198	53.5	195.6	195.6	195.6	195.6
Working Capital	6.87	-2.22	22.51	30.4	34.66	39.79
Book Value Per Share	0.07	0.12	0.04	0.07	0.11	0.14
Tangible Book Value	13.31	5.89	7.56	11.92	19.87	26.13
Tangible Book Value Per Share	0.07	0.11	0.04	0.06	0.10	0.13
Buildings	-	-	0.12	0.12	0.12	0.11
Machinery	-	-	21.01	15.43	16.99	15.81

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