Tibet Huayu Mining Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	444.57	554.93	298.25	174.75	195.71	78.96
Trading Asset Securities	-	-	100.03	-	-	-
Cash & Short-Term Investments	444.57	554.93	398.29	174.75	195.71	78.96
Cash Growth	-27.42%	39.33%	127.92%	-10.71%	147.86%	141.08%
Accounts Receivable	119.58	68.72	107.48	0.73	0.64	147.68
Other Receivables	5.76	3.18	15.72	11.1	1.57	2.87
Receivables	125.33	71.9	123.2	11.83	2.22	150.55
Inventory	614.54	504.74	369.29	267.68	177.54	64.89
Prepaid Expenses	-	0.01	0.05	0.18	-	-
Other Current Assets	57.04	52.25	40.24	25.26	19.37	15.09
Total Current Assets	1,241	1,184	931.07	479.69	394.84	309.49
Property, Plant & Equipment	2,577	2,548	2,227	2,239	2,307	2,018
Long-Term Investments	1	1	447.59	473.62	479.1	495.29
Goodwill	201.11	201.11	-	-	-	-
Other Intangible Assets	6,270	6,313	2,055	2,148	2,112	2,143
Long-Term Deferred Tax Assets	8.39	9.69	12.12	15.79	15.71	12.05
Long-Term Deferred Charges	52.92	62.84	54.99	48.07	0.61	2.56
Other Long-Term Assets	152.25	76.08	57.86	15.46	10.96	20.58
Total Assets	10,505	10,396	5,786	5,420	5,320	5,002

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	384.74	223.38	317.97	298.26	539.47	3.84
Accrued Expenses	23.54	89.63	78.85	66.92	40.43	51.25
Short-Term Debt	324.11	1,171	80.08	125.2	305.6	476.81
Current Portion of Long-Term Debt	214.62	266.43	270.13	212.67	74.8	128
Current Portion of Leases	-	2.17	1.45	0.47	0.9	1.19
Current Income Taxes Payable	124.32	78.5	82.23	8.95	18.23	7.43
Current Unearned Revenue	75.42	216.89	169.07	218.44	179.41	61.35
Other Current Liabilities	825.95	447.09	159.09	200.76	51.5	293.14
Total Current Liabilities	1,973	2,495	1,159	1,132	1,210	1,023
Long-Term Debt	1,026	421.66	167.84	455.5	406.46	439.96
Long-Term Leases	3.98	19.61	37.48	4.94	6.15	0.83
Long-Term Unearned Revenue	15.73	16.97	21.82	23.94	21.14	-
Long-Term Deferred Tax Liabilities	635.06	636.36	103.39	108.09	110.58	118.75
Other Long-Term Liabilities	446.81	332.02	207.54	191.86	79.52	85.33
Total Liabilities	4,101	3,922	1,697	1,916	1,834	1,668

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	819.96	819.96	819.96	787.3	562.33	555.31
Additional Paid-In Capital	726.86	726.86	726.83	479.44	704.1	638.11
Retained Earnings	2,827	2,705	1,867	1,636	1,562	1,416
Comprehensive Income & Other	32.04	74.94	-42.88	-6.68	24.17	70.35
Total Common Equity	4,406	4,327	3,371	2,896	2,853	2,680
Minority Interest	1,998	2,147	717.97	607.18	632.98	653.79
Shareholders' Equity	6,404	6,474	4,089	3,504	3,486	3,334
Total Liabilities & Equity	10,505	10,396	5,786	5,420	5,320	5,002

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	1,569	1,881	556.99	798.77	793.91	1,047
Net Cash (Debt)	-1,124	-1,326	-158.7	-624.02	-598.2	-967.83
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.38	-1.61	-0.20	-0.76	-0.77	-1.24
Filing Date Shares Outstanding	866.57	819.96	819.96	787.3	787.26	777.44
Total Common Shares Outstanding	866.57	819.96	819.96	787.3	787.26	777.44
Working Capital	-731.21	-1,311	-227.81	-651.96	-815.49	-713.52
Book Value Per Share	5.08	5.28	4.11	3.68	3.62	3.45
Tangible Book Value	-2,065	-2,187	1,315	748.63	741.03	536.57
Tangible Book Value Per Share	-2.38	-2.67	1.60	0.95	0.94	0.69
Buildings	-	1,769	1,629	1,592	1,426	1,199
Machinery	-	544.94	501.29	462.19	434.99	273.17
Construction In Progress	-	384.13	175.63	192.94	658.31	696.62