Huadian Heavy Industries 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	1,236	1,654	2,558	2,498	2,578	2,172
Trading Asset Securities	-	-	-	-	-	502.54
Cash & Short-Term Investments	1,236	1,654	2,558	2,498	2,578	2,675
Cash Growth	-0.88%	-35.33%	2.41%	-3.10%	-3.64%	10.23%
Accounts Receivable	5,534	5,210	5,213	4,406	4,292	4,472
Other Receivables	61.33	58.35	58.52	51.02	51.57	42.62
Receivables	5,595	5,268	5,271	4,457	4,343	4,515
Inventory	981.52	861.21	651.88	699	824.53	714.06
Other Current Assets	961.2	562.64	378.95	382.63	346.18	370.97
Total Current Assets	8,774	8,346	8,860	8,037	8,091	8,275
Property, Plant & Equipment	1,037	1,079	1,051	1,173	1,155	1,370
Long-Term Investments	0.96	0.96	1.02	0.7	0.57	0.54
Goodwill	122.8	122.8	132.92	132.92	132.92	-
Other Intangible Assets	273.09	267.37	252.94	258.2	270.91	262.5
Long-Term Accounts Receivable	670.09	880.75	695.4	1,574	1,249	461.03
Long-Term Deferred Tax Assets	61.98	65.72	56.39	64.66	67.33	74.04
Long-Term Deferred Charges	4.77	17.13	39.52	28.93	22.33	0.69
Other Long-Term Assets	390.86	344.39	221.04	253.71	285.92	221.94
Total Assets	11,336	11,125	11,310	11,522	11,276	10,665

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	5,002	5,146	5,656	5,955	5,608	4,875
Accrued Expenses	46.61	75.77	148.16	71.15	62.59	147.55
Short-Term Debt	87.3	27.32	-	31.3	279.5	281.41
Current Portion of Leases	28.77	29.11	57.39	158.04	161.42	222.96
Current Income Taxes Payable	12.54	15.49	7.36	5.62	25.83	45.71
Current Unearned Revenue	1,180	916.1	624.66	649.61	492.81	618.73
Other Current Liabilities	248.92	211.02	313.3	233.33	206.07	209.24
Total Current Liabilities	6,606	6,421	6,807	7,104	6,836	6,400
Long-Term Debt	34.97	26.02	26.02	-	-	-
Long-Term Leases	62.51	68.61	0.75	44.72	57	207.81
Long-Term Unearned Revenue	13.08	13.96	4.01	1.19	2.76	-
Long-Term Deferred Tax Liabilities	3.19	3.19	7.32	1.58	1.65	0.06
Other Long-Term Liabilities	24.88	22.2	1.42	3.1	8.83	36.98
Total Liabilities	6,745	6,555	6,846	7,154	6,907	6,645

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	1,162	1,162	1,167	1,167	1,167	1,167
Additional Paid-In Capital	1,249	1,249	1,256	1,259	1,258	1,243
Retained Earnings	1,989	1,968	1,851	1,766	1,784	1,584
Treasury Stock	-	-	-11.62	-19.29	-30.26	-31.47
Comprehensive Income & Other	21.79	19.04	19.02	17.1	13.31	12.41
Total Common Equity	4,422	4,398	4,281	4,189	4,192	3,974
Minority Interest	169.34	171.2	182.29	178.57	177.37	46.28
Shareholders' Equity	4,591	4,570	4,464	4,368	4,369	4,021
Total Liabilities & Equity	11,336	11,125	11,310	11,522	11,276	10,665

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	213.55	151.06	84.16	234.06	497.92	712.18
Net Cash (Debt)	1,023	1,503	2,474	2,263	2,080	1,963
Net Cash Growth	-8.11%	-39.23%	9.28%	8.84%	5.96%	-8.39%
Net Cash Per Share	0.88	1.29	2.13	1.95	1.78	1.70
Filing Date Shares Outstanding	1,162	1,162	1,167	1,167	1,167	1,167
Total Common Shares Outstanding	1,162	1,162	1,167	1,167	1,167	1,167
Working Capital	2,169	1,925	2,053	932.84	1,255	1,875
Book Value Per Share	3.80	3.78	3.67	3.59	3.59	3.41
Tangible Book Value	4,026	4,008	3,896	3,798	3,788	3,712
Tangible Book Value Per Share	3.46	3.45	3.34	3.26	3.25	3.18
Buildings	777.11	773.93	719.42	689.51	681.96	664.95
Machinery	1,088	1,081	978.57	930.46	893.45	711.03
Construction In Progress	61.91	38.59	128.81	105.35	16.99	115.62