Kehua Holdings Co.,Ltd 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	141.7	226.09	169.6	267.03	184.65	183.92
Short-Term Investments	-	-	-	-	11.13	213.78
Trading Asset Securities	22.19	22.19	16.27	-	0.14	6.57
Cash & Short-Term Investments	163.89	248.28	185.87	267.03	195.93	404.27
Cash Growth	-3.44%	33.58%	-30.39%	36.29%	-51.54%	-31.60%
Accounts Receivable	637.12	618.58	734.09	856.22	919.25	762.52
Other Receivables	2.62	5.3	3.96	1.6	1.75	1.9
Receivables	639.74	623.87	738.05	857.82	921	764.41
Inventory	510.19	507.9	558.49	611.66	689.98	626.02
Other Current Assets	27.27	20.77	18.17	23.84	30.26	24.41
Total Current Assets	1,341	1,401	1,501	1,760	1,837	1,819
Property, Plant & Equipment	1,274	1,321	1,470	1,641	1,774	1,934
Long-Term Investments	49.93	-	-	-	-	1.14
Other Intangible Assets	104.66	105.8	110.23	105.27	106.86	109.79
Long-Term Accounts Receivable	-	1.87	5.02	11.88	13.13	-
Long-Term Deferred Tax Assets	28.47	29.41	31.82	32.53	37.49	27.17
Long-Term Deferred Charges	0.47	0.51	0.84	2.47	7.16	12.12
Other Long-Term Assets	2.31	1.6	2.02	0.21	43.98	99.02
Total Assets	2,801	2,861	3,120	3,554	3,820	4,002
Accounts Payable	528.61	647.81	575.24	505.95	746.66	746.74
Accrued Expenses	23.06	37.28	40.37	40.77	36.35	32.03
Short-Term Debt	275.19	217.73	421.51	457.52	465.54	562.89
Current Portion of Long-Term Debt	169.35	143.36	199.21	307.9	334.07	159.76
Current Portion of Leases	-	63.18	111.65	205.66	181.14	168.73
Current Income Taxes Payable	4.12	0.03	2.92	6.06	-	-
Current Unearned Revenue	1.27	0.26	0.82	0.92	1.84	0.78
Other Current Liabilities	35.79	44.51	64.22	61.57	88.65	63.41
Total Current Liabilities	1,037	1,154	1,416	1,586	1,854	1,734
Long-Term Debt	132.75	73.15	33	200.09	445.88	631.66
Long-Term Leases	0.25	13.44	76.07	211.59	68.83	211.34
Long-Term Unearned Revenue	81.71	87.56	111.98	135.77	159.66	155.64
Pension & Post-Retirement Benefits	-	-	-	1.77	-	-
Long-Term Deferred Tax Liabilities	13.7	14.48	15.98	18.62	21.36	25.13
Other Long-Term Liabilities	0.94	0.97	2.93	3.92	-	-
Total Liabilities	1,267	1,344	1,656	2,158	2,550	2,758
Common Stock	194.41	194.41	193.58	133.4	133.4	133.4
Additional Paid-In Capital	704.18	702.53	687.77	715.18	715.19	715.32
Retained Earnings	681.13	665.44	599.76	533.26	410.06	391.13
Treasury Stock	-66.1	-66.1	-41.53	-	-	-
Comprehensive Income & Other	15.08	14.41	12.99	9.58	6.53	4.17
Total Common Equity	1,529	1,511	1,453	1,391	1,265	1,244
Minority Interest	5.99	6.27	11.79	4.1	4.61	-
Shareholders' Equity	1,535	1,517	1,464	1,396	1,270	1,244
Total Liabilities & Equity	2,801	2,861	3,120	3,554	3,820	4,002
Total Debt	577.53	510.86	841.44	1,383	1,495	1,734
Net Cash (Debt)	-413.64	-262.58	-655.57	-1,116	-1,300	-1,330
Net Cash Per Share	-2.13	-1.37	-3.43	-5.87	-7.03	-7.01
Filing Date Shares Outstanding	196.2	190.55	192.23	187.52	189.43	189.43
Total Common Shares Outstanding	196.2	190.55	192.23	189.43	189.43	189.43
Working Capital	303.72	246.67	84.64	173.99	-17.08	84.77
Book Value Per Share	7.79	7.93	7.56	7.35	6.68	6.57
Tangible Book Value	1,424	1,405	1,342	1,286	1,158	1,134
Tangible Book Value Per Share	7.26	7.37	6.98	6.79	6.11	5.99
Buildings	-	1,069	1,037	1,036	948	838.73
Machinery	-	1,623	1,607	1,610	1,594	1,594
Construction In Progress	-	1.23	22.52	3.05	16.99	129.56

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