Shaanxi Heimao Coking 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	1,503	1,007	1,453	1,556	2,028	1,830
Cash & Short-Term Investments	1,503	1,007	1,453	1,556	2,028	1,830
Cash Growth	-6.22%	-30.74%	-6.61%	-23.26%	10.84%	-12.16%
Accounts Receivable	507.26	666.89	399.18	550.12	663.32	632.09
Other Receivables	33.88	123.68	2.56	3.27	3.07	4.07
Receivables	541.14	790.57	401.74	553.4	666.4	636.15
Inventory	835.74	833.53	1,357	1,964	2,115	1,449
Other Current Assets	213.42	181.89	212.41	300.75	455.86	1,377
Total Current Assets	3,093	2,813	3,425	4,374	5,265	5,292
Property, Plant & Equipment	11,310	11,457	13,099	12,492	12,479	11,966
Long-Term Investments	1,515	1,510	1,668	2,037	1,913	2,281
Goodwill	1.74	1.74	1.74	1.74	1.74	1.74
Other Intangible Assets	1,822	1,831	2,275	1,753	1,570	1,017
Long-Term Deferred Tax Assets	14.54	14.77	94.89	74.66	44.93	57.03
Other Long-Term Assets	208.76	230.51	299.82	148.97	214.46	113.08
Total Assets	17,965	17,857	20,864	20,881	21,488	20,728
Accounts Payable	3,906	3,367	4,667	5,037	4,593	3,720
Accrued Expenses	178.57	149.37	132.62	156.48	158.38	140.75
Short-Term Debt	2,426	2,376	2,500	2,017	2,220	1,521
Current Portion of Long-Term Debt	900.45	527.74	366.34	525.54	892.19	318.35
Current Portion of Leases	-	211.29	549.39	398.3	265.37	23.67
Current Income Taxes Payable	12.57	0.33	2.27	11.38	31.39	71.78
Current Unearned Revenue	544.34	625.4	550.17	514.04	471.97	497.45
Other Current Liabilities	824.82	915.81	1,112	596.88	571.23	2,168
Total Current Liabilities	8,793	8,173	9,880	9,256	9,204	8,461
Long-Term Debt	2,612	2,708	1,657	989.92	759.94	1,186
Long-Term Leases	169.34	194.86	930.98	762.43	410.54	264.18
Long-Term Unearned Revenue	54.04	55.28	48.03	25.3	17.43	19.56
Long-Term Deferred Tax Liabilities	4.24	4.51	9.03	2.54	6.39	-
Other Long-Term Liabilities	-	-	12.44	11.95	23.61	23.42
Total Liabilities	11,633	11,136	12,538	11,049	10,422	9,955
Common Stock	2,042	2,042	2,042	2,042	2,042	2,042
Additional Paid-In Capital	3,428	3,428	3,467	3,544	4,067	4,027
Retained Earnings	-668.26	-355.05	821.83	1,980	2,696	2,413
Comprehensive Income & Other	8.51	2.08	61.7	52.82	8.62	-1.99
Total Common Equity	4,811	5,118	6,393	7,620	8,815	8,480
Minority Interest	1,522	1,604	1,933	2,213	2,252	2,293
Shareholders' Equity	6,332	6,721	8,326	9,833	11,067	10,773
Total Liabilities & Equity	17,965	17,857	20,864	20,881	21,488	20,728
Total Debt	6,108	6,018	6,004	4,693	4,548	3,313
Net Cash (Debt)	-4,605	-5,011	-4,551	-3,137	-2,521	-1,484
Net Cash Per Share	-2.25	-2.47	-2.24	-1.53	-1.25	-0.81
Filing Date Shares Outstanding	2,042	2,042	2,042	2,042	2,042	2,042
Total Common Shares Outstanding	2,042	2,042	2,042	2,042	2,042	2,042
Working Capital	-5,700	-5,360	-6,455	-4,883	-3,939	-3,169
Book Value Per Share	2.36	2.51	3.13	3.73	4.32	4.15
Tangible Book Value	2,987	3,285	4,116	5,864	7,243	7,462
Tangible Book Value Per Share	1.46	1.61	2.02	2.87	3.55	3.65
Buildings	-	4,231	5,833	5,834	5,436	4,874
Machinery	-	12,653	12,717	12,304	11,164	10,188
Construction In Progress	-	1,463	1,743	677.48	1,282	1,495

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