Hanshang Group 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	133.1	155.24	135.79	142.98	117.97	272.21
Cash & Short-Term Investments	133.1	155.24	135.79	142.98	117.97	272.21
Cash Growth	-21.41%	14.32%	-5.03%	21.20%	-56.66%	-17.36%
Accounts Receivable	186.07	198.9	189.18	276.92	264.78	185.72
Other Receivables	57.74	26.3	5.59	19.44	70.81	56.34
Receivables	243.81	225.38	195.23	296.36	335.6	242.05
Inventory	235.14	221.41	258.34	232.43	205.69	156.96
Other Current Assets	34.22	47.58	40.17	42.58	50.41	47.63
Total Current Assets	646.27	649.6	629.53	714.35	709.67	718.86
Property, Plant & Equipment	1,650	1,666	1,725	1,762	1,441	1,426
Long-Term Investments	46	65	85.98	79.8	64	82.02
Goodwill	307.9	307.9	289.88	290.04	290.04	289.88
Other Intangible Assets	198.93	205.45	242.76	252.35	270.25	268.76
Long-Term Deferred Tax Assets	24.95	24.81	30.58	32.3	30.58	8.26
Long-Term Deferred Charges	20.38	22.03	39.52	42.4	32.56	43.57
Other Long-Term Assets	360.88	310.49	481.64	521.81	680.8	412.89
Total Assets	3,255	3,251	3,524	3,695	3,519	3,250
Accounts Payable	300.24	277.1	307.09	322.6	195.28	172.67
Accrued Expenses	34.76	145.15	151.95	160.91	186.55	155.74
Short-Term Debt	520.36	500.71	339.93	381.9	401.56	408.55
Current Portion of Long-Term Debt	71.96	84	263.96	182.63	135.79	177.85
Current Portion of Leases	-	19.23	23.6	10.46	10.04	10.61
Current Income Taxes Payable	43.41	14.52	12.45	9.15	22.39	16.02
Current Unearned Revenue	28.1	50.24	27.84	12.18	31.47	32.19
Other Current Liabilities	423.28	320.22	301.7	380.35	322.79	246.88
Total Current Liabilities	1,422	1,411	1,429	1,460	1,306	1,221
Long-Term Debt	85.12	77.01	137.01	221.31	235	69.79
Long-Term Leases	79.43	84.07	87.13	105	114.98	114.49
Long-Term Unearned Revenue	23.3	23.3	20.94	23.17	22.7	22.84
Long-Term Deferred Tax Liabilities	34.24	35.08	38.48	44.65	48	23.47
Other Long-Term Liabilities	2.93	4.57	8.43	11.56	5.24	5.72
Total Liabilities	1,647	1,635	1,721	1,866	1,732	1,457
Common Stock	295.03	295.03	295.03	295.03	295.03	295.03
Additional Paid-In Capital	959.61	959.61	959.61	959.61	959.61	959.55
Retained Earnings	301.08	306.54	481.38	495.96	452.1	391.92
Treasury Stock	-75.5	-75.5	-75.5	-75.5	-40	-
Comprehensive Income & Other	-	-	-0.01	-0.01	-	0.51
Total Common Equity	1,480	1,486	1,661	1,675	1,667	1,647
Minority Interest	127.58	130.47	143.39	153.86	120.4	146.36
Shareholders' Equity	1,608	1,616	1,804	1,829	1,787	1,793
Total Liabilities & Equity	3,255	3,251	3,524	3,695	3,519	3,250
Total Debt	756.88	765.02	851.63	901.3	897.37	781.29
Net Cash (Debt)	-623.78	-609.78	-715.84	-758.32	-779.39	-509.08
Net Cash Per Share	-2.16	-	-2.42	-2.57	-2.64	-2.06
Filing Date Shares Outstanding	289.01	-	289.01	289.01	291.78	295.03
Total Common Shares Outstanding	289.01	-	289.01	289.01	291.78	295.03
Working Capital	-775.85	-761.56	-798.98	-745.83	-596.18	-501.65
Book Value Per Share	5.12	-	5.75	5.80	5.71	5.58
Tangible Book Value	973.39	972.33	1,128	1,133	1,106	1,088
Tangible Book Value Per Share	3.37	-	3.90	3.92	3.79	3.69
Buildings	-	2,032	2,031	1,983	1,750	1,667
Machinery	-	357.44	325.16	421.17	378.26	373.54
Construction In Progress	-	159.29	146.8	142.58	26.01	24.79