Shanxi Huaxiang Group 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	454.13	557.09	448.61	610.31	1,295	457.56
Trading Asset Securities	924.97	1,129	886.3	652.65	117.59	20
Cash & Short-Term Investments	1,379	1,686	1,335	1,263	1,413	477.56
Cash Growth	-17.46%	26.30%	5.70%	-10.59%	195.78%	53.61%
Accounts Receivable	1,453	1,404	1,309	1,239	1,118	902.3
Other Receivables	19.57	9.01	27.86	28.87	4.12	3.37
Receivables	1,473	1,413	1,337	1,268	1,122	905.67
Inventory	948.5	696.92	639.82	633.69	546.55	290.66
Other Current Assets	142.97	66.67	102.47	66.49	47.27	16.86
Total Current Assets	3,944	3,863	3,414	3,231	3,128	1,691
Property, Plant & Equipment	2,199	1,931	1,663	1,617	1,295	809.39
Long-Term Investments	40.1	32.68	15.49	15	-	-
Goodwill	-	-	-	-	57.13	-
Other Intangible Assets	167.23	169.53	168.05	159.68	163.38	78.89
Long-Term Deferred Tax Assets	18.19	6.08	1.15	1.64	12.47	6.41
Long-Term Deferred Charges	56.83	47.07	44.32	40.46	33.93	12.07
Other Long-Term Assets	81	39.68	17.61	35.29	133.16	32.87
Total Assets	6,506	6,089	5,324	5,100	4,823	2,630
Accounts Payable	774.16	697.26	563.95	759.09	715.47	467.08
Accrued Expenses	61.25	209.46	150.96	114.63	125.22	78.35
Short-Term Debt	-	-	1	2	22.64	7.04
Current Portion of Long-Term Debt	1.27	12.67	9.66	348.58	50.46	-
Current Portion of Leases	-	2.13	3.77	6.25	5.89	-
Current Income Taxes Payable	20.03	23.29	12.49	3.59	14.89	1.71
Current Unearned Revenue	15.8	4.19	8.75	10.47	11.93	1.12
Other Current Liabilities	103.53	220.65	177.3	186.66	207.67	75.25
Total Current Liabilities	976.03	1,170	927.89	1,431	1,154	630.56
Long-Term Debt	741.23	1,517	1,365	951.19	1,055	20.02
Long-Term Leases	3.04	4.95	3.19	8.39	9.48	0.47
Long-Term Unearned Revenue	164.45	105.92	105.34	122.33	140.68	163.46
Long-Term Deferred Tax Liabilities	30.99	35.62	44.85	47.46	59.43	13.52
Other Long-Term Liabilities	-	-	-	-	16.8	19.8
Total Liabilities	1,916	2,834	2,446	2,561	2,436	847.82
Common Stock	540.17	470.58	437.17	437.17	436.09	425
Additional Paid-In Capital	2,023	1,150	944.03	911.46	881.37	799.75
Retained Earnings	1,809	1,466	1,279	969.48	804.66	550.76
Treasury Stock	-62.4	-56.69	-21.98	-41.17	-59.23	-
Comprehensive Income & Other	10.6	142.07	137.96	137.24	136.86	0.04
Total Common Equity	4,320	3,172	2,776	2,414	2,200	1,776
Minority Interest	270.28	84.03	101.37	125.1	187.79	7.01
Shareholders' Equity	4,590	3,256	2,878	2,539	2,388	1,783
Total Liabilities & Equity	6,506	6,089	5,324	5,100	4,823	2,630
Total Debt	745.53	1,537	1,383	1,316	1,143	27.53
Net Cash (Debt)	633.57	148.82	-47.91	-53.45	269.03	450.03
Net Cash Growth	324.00%	-	-	-	-40.22%	434.98%
Net Cash Per Share	1.27	0.32	-0.11	-0.12	0.62	1.18
Filing Date Shares Outstanding	540.17	470.58	437.17	437.17	436.09	425
Total Common Shares Outstanding	540.17	470.58	437.17	437.17	436.09	425
Working Capital	2,968	2,693	2,486	1,799	1,974	1,060
Book Value Per Share	8.00	6.74	6.35	5.52	5.04	4.18
Tangible Book Value	4,152	3,002	2,608	2,254	1,979	1,697
Tangible Book Value Per Share	7.69	6.38	5.97	5.16	4.54	3.99
Buildings	-	665.48	627.78	616.51	-	-
Machinery	-	2,524	2,121	1,841	-	-
Construction In Progress	-	64.38	61.62	116.05	-	-

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