Shanghai Haixin 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	487.83	384.18	489.45	509.55	420.29	320.12
Trading Asset Securities	600	773.93	280.19	200	295.03	240.5
Cash & Short-Term Investments	1,088	1,158	769.63	709.55	715.32	560.63
Cash Growth	41.02%	50.48%	8.47%	-0.81%	27.59%	6.85%
Accounts Receivable	68.82	50.91	89.65	138.65	175.6	182.54
Other Receivables	32.76	26.79	39.36	36.22	38.39	32.31
Receivables	101.59	77.7	129.01	174.87	213.99	214.86
Inventory	58.76	48.93	71.8	85.27	89.52	96.72
Other Current Assets	48.28	40.48	14.92	24.3	68.89	41.09
Total Current Assets	1,296	1,325	985.36	993.99	1,088	913.3
Property, Plant & Equipment	528.46	526.36	457.1	468.06	453.41	530.46
Long-Term Investments	2,799	3,054	3,003	2,562	2,503	3,005
Other Intangible Assets	7.47	7.58	12.73	13.31	13.78	14.62
Long-Term Deferred Tax Assets	16.66	16.7	18.21	19.08	19.87	19.08
Long-Term Deferred Charges	8.69	9.24	6.55	6.42	13.75	14.98
Other Long-Term Assets	903.42	903.42	848.14	848.23	838.45	827.7
Total Assets	5,560	5,842	5,331	4,911	4,930	5,326
Accounts Payable	32.99	48.55	31.02	39.6	77.93	86.15
Accrued Expenses	15.77	30.74	92.49	64.95	105.83	81.97
Short-Term Debt	10.01	30.33	25.11	25.05	15.03	17.17
Current Portion of Long-Term Debt	3.02	3.02	10.01	0.01	0.2	-
Current Portion of Leases	-	-	-	-	1.43	1.99
Current Income Taxes Payable	42.83	90.7	3.82	3.12	24.73	2.15
Current Unearned Revenue	13.48	23.38	20.31	25.86	69.07	102.72
Other Current Liabilities	112.98	75.65	116.28	171.9	178.24	188.65
Total Current Liabilities	231.07	302.37	299.03	330.49	472.47	480.8
Long-Term Debt	102.24	76.52	-	12	11.72	-
Long-Term Leases	-	-	-	-	-	1.05
Long-Term Deferred Tax Liabilities	480.02	546.57	531.4	432.8	427.03	561
Total Liabilities	813.34	925.47	830.43	775.29	911.22	1,043
Common Stock	1,207	1,207	1,207	1,207	1,207	1,207
Additional Paid-In Capital	420.29	420.29	420.29	420.29	420.29	419.64
Retained Earnings	1,821	1,792	1,434	1,361	1,250	1,123
Comprehensive Income & Other	1,097	1,298	1,273	976.37	966.36	1,379
Total Common Equity	4,546	4,718	4,334	3,965	3,844	4,128
Minority Interest	201.13	198.97	166.59	170.28	175.27	154.49
Shareholders' Equity	4,747	4,917	4,501	4,135	4,019	4,283
Total Liabilities & Equity	5,560	5,842	5,331	4,911	4,930	5,326
Total Debt	115.26	109.87	35.12	37.06	28.38	20.2
Net Cash (Debt)	972.57	1,048	734.51	672.49	686.93	540.42
Net Cash Growth	30.47%	42.71%	9.22%	-2.10%	27.11%	80.99%
Net Cash Per Share	0.81	0.87	0.61	0.56	0.57	0.45
Filing Date Shares Outstanding	1,206	1,208	1,207	1,207	1,207	1,207
Total Common Shares Outstanding	1,206	1,208	1,207	1,207	1,207	1,207
Working Capital	1,065	1,023	686.33	663.5	615.25	432.5
Book Value Per Share	3.77	3.91	3.59	3.28	3.18	3.42
Tangible Book Value	4,538	4,710	4,322	3,952	3,830	4,114
Tangible Book Value Per Share	3.76	3.90	3.58	3.27	3.17	3.41
Buildings	-	-	388.08	389.65	387.04	385.38
Machinery	-	-	172.02	184.22	270.95	279.35
Construction In Progress	-	-	208.64	196.2	153.72	210.62

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