Hunan New Wellful 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	781.62	779.7	1,170	1,500	571.65	1,146
Cash & Short-Term Investments	781.62	779.7	1,170	1,500	571.65	1,146
Cash Growth	-41.58%	-33.38%	-21.98%	162.41%	-50.13%	326.74%
Accounts Receivable	107.51	92.89	151.22	27.67	54.84	98.25
Other Receivables	101.6	98.07	87.73	97.94	106.07	21.45
Receivables	209.11	190.96	238.95	125.61	160.91	119.7
Inventory	1,682	1,739	2,074	1,873	1,551	996.67
Other Current Assets	141.62	133.02	125.59	163.1	152.55	132.57
Total Current Assets	2,815	2,843	3,609	3,661	2,436	2,395
Property, Plant & Equipment	7,091	7,294	8,113	8,356	7,025	4,442
Long-Term Investments	359.88	359.44	359.08	368.32	337.05	155.12
Other Intangible Assets	175.86	177.61	183.58	163.4	165.49	107.35
Long-Term Deferred Tax Assets	24.97	23.25	15.59	9.59	9.11	10.36
Long-Term Deferred Charges	25.75	28.37	31.6	31.6	35.72	30.12
Other Long-Term Assets	50.96	53.83	46.26	65.85	95.58	146.84
Total Assets	10,543	10,780	12,358	12,657	10,104	7,287
Accounts Payable	759.94	837.34	691.6	639.07	378.08	198.66
Accrued Expenses	130.84	223.67	203.05	173.29	169.88	123.29
Short-Term Debt	880.1	984.81	966.01	1,856	668.32	865
Current Portion of Long-Term Debt	646.22	335.39	289.39	186.8	175.13	113.56
Current Portion of Leases	-	505.47	511.34	292.39	111.94	126.04
Current Income Taxes Payable	7.77	1.83	5.59	2.47	2.51	0.39
Current Unearned Revenue	35.33	31.74	38.55	49.47	37.91	22.33
Other Current Liabilities	329.82	208.94	188.43	177.46	472.05	128.26
Total Current Liabilities	2,790	3,129	2,894	3,377	2,016	1,578
Long-Term Debt	1,412	877.51	1,390	1,184	1,333	615.9
Long-Term Leases	4,265	4,331	4,762	4,830	3,742	2,289
Long-Term Unearned Revenue	95.14	96.5	97.75	99.42	93.2	93.97
Long-Term Deferred Tax Liabilities	5.72	5.96	-	-	-	-
Other Long-Term Liabilities	0.37	0.39	0.35	0.35	0.92	2.42
Total Liabilities	8,569	8,441	9,144	9,491	7,185	4,579
Common Stock	1,250	1,250	1,261	1,261	1,076	805.04
Additional Paid-In Capital	2,651	2,651	2,631	2,631	1,314	1,275
Retained Earnings	-2,114	-1,737	-861	-900.32	303.1	380.8
Comprehensive Income & Other	-	-	-9.31	-	-	-
Total Common Equity	1,787	2,163	3,022	2,992	2,694	2,461
Minority Interest	188.38	175.42	191.08	173.45	225.16	247.12
Shareholders' Equity	1,975	2,339	3,213	3,166	2,919	2,708
Total Liabilities & Equity	10,543	10,780	12,358	12,657	10,104	7,287
Total Debt	7,204	7,034	7,919	8,349	6,030	4,010
Net Cash (Debt)	-6,422	-6,255	-6,749	-6,849	-5,459	-2,863
Net Cash Per Share	-4.86	-5.00	-5.15	-5.86	-6.32	-4.25
Filing Date Shares Outstanding	1,250	1,250	1,261	1,261	1,076	805.04
Total Common Shares Outstanding	1,250	1,250	1,261	1,261	1,076	805.04
Working Capital	24.62	-286.25	714.92	284.73	419.97	817.74
Book Value Per Share	1.43	1.73	2.40	2.37	2.50	3.06
Tangible Book Value	1,611	1,986	2,839	2,829	2,528	2,354
Tangible Book Value Per Share	1.29	1.59	2.25	2.24	2.35	2.92
Buildings	-	1,961	1,948	1,693	1,266	820.88
Machinery	-	839.82	819.27	674.89	605.71	421.85
Construction In Progress	-	27.6	44.14	334.88	554.69	184.34

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