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 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	530.57	623.9	557.09	448.61	610.31	1,295
Trading Asset Securities	882.18	832.42	1,129	886.3	652.65	117.59
Cash & Short-Term Investments	1,413	1,456	1,686	1,335	1,263	1,413
Cash Growth	-13.03%	-13.62%	26.30%	5.70%	-10.59%	195.78%
Accounts Receivable	1,612	1,503	1,404	1,309	1,239	1,118
Other Receivables	8.97	9.65	9.01	27.86	28.87	4.12
Receivables	1,620	1,513	1,413	1,337	1,268	1,122
Inventory	1,089	1,019	696.92	639.82	633.69	546.55
Other Current Assets	141.56	118.26	66.67	102.47	66.49	47.27
Total Current Assets	4,264	4,107	3,863	3,414	3,231	3,128
Property, Plant & Equipment	2,355	2,340	1,931	1,663	1,617	1,295
Long-Term Investments	33.92	34.53	32.68	15.49	15	-
Goodwill	-	-	-	-	-	57.13
Other Intangible Assets	168.06	169.83	169.53	168.05	159.68	163.38
Long-Term Deferred Tax Assets	19.48	17.07	6.08	1.15	1.64	12.47
Long-Term Deferred Charges	57.59	58.78	47.07	44.32	40.46	33.93
Other Long-Term Assets	104.15	124.35	39.68	17.61	35.29	133.16
Total Assets	7,002	6,851	6,089	5,324	5,100	4,823
Accounts Payable	1,030	764.2	697.26	563.95	759.09	715.47
Accrued Expenses	53.96	196.17	209.46	150.96	114.63	125.22
Short-Term Debt	-	-	-	1	2	22.64
Current Portion of Long-Term Debt	150.66	84.29	12.67	9.66	348.58	50.46
Current Portion of Leases	-	2.36	2.13	3.77	6.25	5.89
Current Income Taxes Payable	42.73	25.95	23.29	12.49	3.59	14.89
Current Unearned Revenue	7.28	6.87	4.19	8.75	10.47	11.93
Other Current Liabilities	89.8	307.27	220.65	177.3	186.66	207.67
Total Current Liabilities	1,375	1,387	1,170	927.89	1,431	1,154
Long-Term Debt	626.07	638.34	1,517	1,365	951.19	1,055
Long-Term Leases	5.97	4.38	4.95	3.19	8.39	9.48
Long-Term Unearned Revenue	164.7	157.56	105.92	105.34	122.33	140.68
Long-Term Deferred Tax Liabilities	30.32	30.67	35.62	44.85	47.46	59.43
Other Long-Term Liabilities	-	-	-	-	-	16.8
Total Liabilities	2,202	2,218	2,834	2,446	2,561	2,436
Common Stock	539.96	540.17	470.58	437.17	437.17	436.09
Additional Paid-In Capital	2,031	2,029	1,150	944.03	911.46	881.37
Retained Earnings	1,991	1,844	1,466	1,279	969.48	804.66
Treasury Stock	-39.02	-60.6	-56.69	-21.98	-41.17	-59.23
Comprehensive Income & Other	-1.47	7.05	142.07	137.96	137.24	136.86
Total Common Equity	4,522	4,360	3,172	2,776	2,414	2,200
Minority Interest	278.67	272.7	84.03	101.37	125.1	187.79
Shareholders' Equity	4,800	4,633	3,256	2,878	2,539	2,388
Total Liabilities & Equity	7,002	6,851	6,089	5,324	5,100	4,823
Total Debt	782.7	729.36	1,537	1,383	1,316	1,143
Net Cash (Debt)	630.05	726.96	148.82	-47.91	-53.45	269.03
Net Cash Growth	-	388.47%	-	-	-	-40.22%
Net Cash Per Share	1.20	1.43	0.32	-0.11	-0.12	0.62
Filing Date Shares Outstanding	564.7	540.17	470.58	437.17	437.17	436.09
Total Common Shares Outstanding	564.7	540.17	470.58	437.17	437.17	436.09
Working Capital	2,889	2,720	2,693	2,486	1,799	1,974
Book Value Per Share	8.01	8.07	6.74	6.35	5.52	5.04
Tangible Book Value	4,354	4,190	3,002	2,608	2,254	1,979
Tangible Book Value Per Share	7.71	7.76	6.38	5.97	5.16	4.54
Buildings	-	706.87	665.48	627.78	616.51	-
Machinery	-	2,967	2,524	2,121	1,841	-
Construction In Progress	-	187.56	64.38	61.62	116.05	-

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