Huadian Heavy Industries 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	1,051	1,654	2,558	2,498	2,578	2,172
Trading Asset Securities	-	-	-	-	-	502.54
Cash & Short-Term Investments	1,051	1,654	2,558	2,498	2,578	2,675
Cash Growth	-32.64%	-35.33%	2.41%	-3.10%	-3.64%	10.23%
Accounts Receivable	4,843	5,210	5,213	4,406	4,292	4,472
Other Receivables	60.63	58.35	58.52	51.02	51.57	42.62
Receivables	4,904	5,268	5,271	4,457	4,343	4,515
Inventory	1,002	861.21	651.88	699	824.53	714.06
Other Current Assets	815.94	562.64	378.95	382.63	346.18	370.97
Total Current Assets	7,772	8,346	8,860	8,037	8,091	8,275
Property, Plant & Equipment	1,049	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	263.47	267.37	252.94	258.2	270.91	262.5
Long-Term Accounts Receivable	-	880.75	695.4	1,574	1,249	461.03
Long-Term Deferred Tax Assets	65.59	65.72	56.39	64.66	67.33	74.04
Long-Term Deferred Charges	19.11	17.13	39.52	28.93	22.33	0.69
Other Long-Term Assets	1,301	344.39	221.04	253.71	285.92	221.94
Total Assets	10,594	11,125	11,310	11,522	11,276	10,665
Accounts Payable	4,529	5,146	5,656	5,955	5,608	4,875
Accrued Expenses	44.03	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 Long-Term Debt	28.99	-	-	-	-	-
Current Portion of Leases	-	29.11	57.39	158.04	161.42	222.96
Current Income Taxes Payable	17.29	15.49	7.36	5.62	25.83	45.71
Current Unearned Revenue	1,027	916.1	624.66	649.61	492.81	618.73
Other Current Liabilities	209.58	211.02	313.3	233.33	206.07	209.24
Total Current Liabilities	5,944	6,421	6,807	7,104	6,836	6,400
Long-Term Debt	26	26.02	26.02	-	-	-
Long-Term Leases	68.18	68.61	0.75	44.72	57	207.81
Long-Term Unearned Revenue	13.78	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	22.2	22.2	1.42	3.1	8.83	36.98
Total Liabilities	6,077	6,555	6,846	7,154	6,907	6,645
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	1,916	1,968	1,851	1,766	1,784	1,584
Treasury Stock	-	-	-11.62	-19.29	-30.26	-31.47
Comprehensive Income & Other	20.82	19.04	19.02	17.1	13.31	12.41
Total Common Equity	4,348	4,398	4,281	4,189	4,192	3,974
Minority Interest	168.85	171.2	182.29	178.57	177.37	46.28
Shareholders' Equity	4,517	4,570	4,464	4,368	4,369	4,021
Total Liabilities & Equity	10,594	11,125	11,310	11,522	11,276	10,665
Total Debt	210.47	151.06	84.16	234.06	497.92	712.18
Net Cash (Debt)	840.35	1,503	2,474	2,263	2,080	1,963
Net Cash Growth	-39.27%	-39.23%	9.28%	8.84%	5.96%	-8.39%
Net Cash Per Share	0.72	1.29	2.13	1.95	1.78	1.70
Filing Date Shares Outstanding	1,163	1,162	1,167	1,167	1,167	1,167
Total Common Shares Outstanding	1,163	1,162	1,167	1,167	1,167	1,167
Working Capital	1,828	1,925	2,053	932.84	1,255	1,875
Book Value Per Share	3.74	3.78	3.67	3.59	3.59	3.41
Tangible Book Value	3,962	4,008	3,896	3,798	3,788	3,712
Tangible Book Value Per Share	3.41	3.45	3.34	3.26	3.25	3.18
Buildings	-	773.93	719.42	689.51	681.96	664.95
Machinery	-	1,081	978.57	930.46	893.45	711.03
Construction In Progress	-	38.59	128.81	105.35	16.99	115.62

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