Zhejiang Hangmin Co.,Ltd Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	3,552	3,386	3,369	1,717	1,606	1,934
Trading Asset Securities	485.07	559.15	541.91	1,737	1,394	808.48
Cash & Short-Term Investments	4,037	3,945	3,911	3,454	2,999	2,743
Cash Growth	5.37%	0.87%	13.22%	15.16%	9.36%	8.63%
Accounts Receivable	734.46	716.18	662.61	658.89	740.81	518.72
Other Receivables	62.89	91.14	34.47	22.01	27.24	13.9
Receivables	797.35	807.33	697.07	680.9	868.23	732.94
Inventory	3,532	2,743	1,797	1,542	1,488	1,289
Prepaid Expenses	-	1.86	0.19	1.29	-	-
Other Current Assets	459.14	384.6	269.1	240.96	242.59	190.73
Total Current Assets	8,825	7,882	6,674	5,920	5,598	4,955
Property, Plant & Equipment	1,927	1,995	2,025	2,005	2,035	2,044
Long-Term Investments	2.88	2.9	-	-	-	235
Goodwill	199.68	199.68	1.85	1.85	1.85	1.85
Other Intangible Assets	70.44	72.98	97.28	107.59	109.47	113.45
Long-Term Deferred Tax Assets	74.03	37.95	27.15	27.46	19.22	16.34
Long-Term Deferred Charges	20.16	19.56	21.77	21.84	21.64	20.71
Other Long-Term Assets	86.08	93.13	96.26	91.5	105.12	83.18
Total Assets	11,206	10,303	8,944	8,175	7,891	7,470
Accounts Payable	273.05	254.2	270.66	199.52	198.13	181.81
Accrued Expenses	320.99	282.68	272.78	271.41	350.94	319.81
Short-Term Debt	70.1	22.02	1.5	-	-	100.08
Current Portion of Leases	6.27	8.53	1.59	4.21	4.39	-
Current Income Taxes Payable	126.29	54.58	62.22	60.14	83.79	69.2
Current Unearned Revenue	230.93	53.42	27.6	32.79	39.2	27.84
Other Current Liabilities	2,837	2,396	1,335	1,012	963.75	820.17
Total Current Liabilities	3,865	3,072	1,971	1,580	1,640	1,519
Long-Term Debt	-	8	-	-	47.56	57.08
Long-Term Leases	18.95	18.6	7.71	8.67	9.71	-
Long-Term Unearned Revenue	131.05	113.06	119.29	119.31	117.32	122.14
Long-Term Deferred Tax Liabilities	1.99	4.02	0.02	4.54	0.09	1.71
Other Long-Term Liabilities	-	0.48	-	-	-	-
Total Liabilities	4,017	3,216	2,098	1,713	1,815	1,700
Common Stock	1,021	1,021	1,051	1,051	1,051	1,081
Additional Paid-In Capital	8.3	8.3	8.3	8.3	8.3	55.89
Retained Earnings	5,417	5,342	5,117	4,747	4,405	4,044
Total Common Equity	6,446	6,371	6,176	5,806	5,464	5,181
Minority Interest	743.65	715.57	669.26	655.64	611.2	589.59
Shareholders' Equity	7,189	7,087	6,845	6,462	6,076	5,771
Total Liabilities & Equity	11,206	10,303	8,944	8,175	7,891	7,470
Total Debt	95.32	57.15	10.8	12.88	61.66	157.16
Net Cash (Debt)	3,941	3,888	3,900	3,441	2,938	2,586
Net Cash Growth	3.77%	-0.31%	13.33%	17.14%	13.62%	5.59%
Net Cash Per Share	3.86	3.72	3.70	3.29	2.73	2.41
Filing Date Shares Outstanding	1,021	1,021	1,051	1,051	1,051	1,081
Total Common Shares Outstanding	1,021	1,021	1,051	1,051	1,051	1,081
Working Capital	4,961	4,810	4,703	4,340	3,958	3,437
Book Value Per Share	6.31	6.24	5.88	5.53	5.20	4.79
Tangible Book Value	6,176	6,098	6,077	5,697	5,353	5,066
Tangible Book Value Per Share	6.05	5.97	5.78	5.42	5.09	4.69
Buildings	-	1,256	1,195	1,138	1,098	1,097
Machinery	-	3,607	3,511	3,327	3,287	3,131
Construction In Progress	-	63.34	68.43	92.97	44.29	5.19

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.