Anhui Hwasu 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	362.89	303.79	652.09	855.87	770.41	1,241
Cash & Short-Term Investments	362.89	303.79	652.09	855.87	770.41	1,241
Cash Growth	-6.77%	-53.41%	-23.81%	11.09%	-37.92%	365.20%
Accounts Receivable	135.27	99.67	114.76	89.03	69.94	87.81
Other Receivables	0.07	0.06	0.09	2.11	0.67	0.75
Receivables	135.34	99.73	114.85	91.14	70.61	88.56
Inventory	369.49	223.92	242.09	209.64	275.3	359.57
Other Current Assets	93.66	119.95	221.78	98.27	80.91	48.78
Total Current Assets	961.38	747.38	1,231	1,255	1,197	1,738
Property, Plant & Equipment	7,664	7,811	8,149	7,182	6,651	6,629
Long-Term Investments	13.26	13.26	11.85	10.18	9.55	-
Other Intangible Assets	513.02	516.74	533.15	551.36	575.79	599.57
Long-Term Deferred Tax Assets	291.39	291.67	287.34	235.58	170.7	110.56
Long-Term Deferred Charges	134.67	138.22	24.84	27.77	30.9	36.62
Other Long-Term Assets	2.37	2.37	59.64	52.54	229.94	11.8
Total Assets	9,580	9,521	10,296	9,314	8,865	9,126
Accounts Payable	1,662	875.53	1,214	1,548	1,225	461.23
Accrued Expenses	589.88	726.75	730.18	596.24	601.71	779.29
Short-Term Debt	-	6.01	70	70	-	193.18
Current Portion of Long-Term Debt	-	535.99	324.08	-	-	530.43
Current Portion of Leases	-	-	-	-	-	26.95
Current Income Taxes Payable	-	6.23	-	-	19.79	13.67
Current Unearned Revenue	101.49	70.48	70.4	72.8	81.24	173.62
Other Current Liabilities	633.18	688.97	840.95	106.9	110.18	310.1
Total Current Liabilities	2,986	2,910	3,250	2,394	2,038	2,488
Long-Term Debt	350.57	350.57	868.17	258.5	-	-
Long-Term Unearned Revenue	215.4	218.85	177.7	185.56	198.42	210.18
Long-Term Deferred Tax Liabilities	-	-	5.47	-	-	5.11
Other Long-Term Liabilities	87.95	90.48	86.97	108.62	146.68	106.04
Total Liabilities	3,640	3,570	4,388	2,947	2,383	2,810
Common Stock	3,595	3,595	3,507	3,507	3,507	3,507
Additional Paid-In Capital	1,423	1,423	1,314	1,314	1,314	1,314
Retained Earnings	916.28	931.84	1,085	1,525	1,624	1,476
Comprehensive Income & Other	5.71	0.98	1.57	21.5	37.14	18.83
Shareholders' Equity	5,940	5,951	5,908	6,367	6,482	6,316
Total Liabilities & Equity	9,580	9,521	10,296	9,314	8,865	9,126
Total Debt	350.57	892.57	1,262	328.5	-	750.56
Net Cash (Debt)	12.32	-588.78	-610.16	527.37	770.41	490.44
Net Cash Growth	-	-	-	-31.55%	57.08%	-
Net Cash Per Share	0.00	-0.15	-0.17	0.15	0.22	0.16
Filing Date Shares Outstanding	3,619	3,595	3,507	3,507	3,507	3,507
Total Common Shares Outstanding	3,619	3,595	3,507	3,507	3,507	3,507
Working Capital	-2,025	-2,163	-2,019	-1,139	-840.35	-750.56
Book Value Per Share	1.64	1.66	1.68	1.82	1.85	1.80
Tangible Book Value	5,427	5,434	5,375	5,816	5,907	5,716
Tangible Book Value Per Share	1.50	1.51	1.53	1.66	1.68	1.63
Buildings	-	3,740	3,653	3,438	373.46	3,224
Machinery	-	8,867	8,606	8,150	10,967	7,476
Construction In Progress	-	1,832	1,878	971.78	55.06	56.28

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