Hangcha 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	3,735	4,108	3,804	3,040	2,331	2,112
Trading Asset Securities	100	80	-	105.04	454.67	6.93
Cash & Short-Term Investments	3,835	4,188	3,804	3,145	2,786	2,119
Cash Growth	9.40%	10.08%	20.97%	12.87%	31.48%	45.57%
Accounts Receivable	3,806	2,874	1,924	1,700	1,322	1,046
Other Receivables	590.29	458.56	309.76	258.49	197.94	63.85
Receivables	4,396	3,333	2,234	1,959	1,520	1,110
Inventory	2,893	2,306	2,226	1,879	1,854	1,248
Other Current Assets	635.2	484.23	611.49	602.17	527.19	329.42
Total Current Assets	11,759	10,311	8,876	7,584	6,686	4,806
Property, Plant & Equipment	3,313	2,956	2,457	1,894	1,715	1,458
Long-Term Investments	2,983	2,390	2,008	1,704	1,518	1,424
Goodwill	10.65	10.65	10.65	3.38	3.38	3.38
Other Intangible Assets	423.64	402.29	369.19	309.02	307.33	275.99
Long-Term Accounts Receivable	89.68	82.89	73.44	43.22	29.75	34.72
Long-Term Deferred Tax Assets	164.09	116.91	81	81.45	62.37	49.55
Long-Term Deferred Charges	22.72	25.56	16.46	11.48	9.76	3.8
Other Long-Term Assets	61.21	67.04	103.7	62.26	65.07	51.09
Total Assets	18,827	16,363	13,995	11,693	10,397	8,107
Accounts Payable	4,085	3,300	2,477	2,116	2,145	1,953
Accrued Expenses	124.68	183.15	170.44	178.79	181.68	118.4
Short-Term Debt	699.41	331.74	927.84	823.56	522.44	231.38
Current Portion of Long-Term Debt	626.52	600.39	-	-	-	-
Current Portion of Leases	-	29.41	25.91	16.49	19.23	-
Current Income Taxes Payable	260.49	117.85	93.55	33.4	30.81	46.52
Current Unearned Revenue	428.42	308.63	600.62	374.93	240.57	252.62
Other Current Liabilities	272.05	308.75	316.08	185.5	124.74	94.9
Total Current Liabilities	6,497	5,180	4,612	3,729	3,265	2,697
Long-Term Debt	-	54.72	-	1,026	974.98	-
Long-Term Leases	128.93	143.91	74.46	42.16	45.31	-
Long-Term Unearned Revenue	115.09	93.43	54.16	43.92	41.22	49.8
Long-Term Deferred Tax Liabilities	-	0.65	0.07	37.56	35.99	11.94
Other Long-Term Liabilities	14.6	4.58	4.58	4.58	7.28	4.58
Total Liabilities	6,755	5,477	4,745	4,883	4,370	2,763
Common Stock	1,310	1,310	935.58	866.4	866.4	866.4
Additional Paid-In Capital	1,607	1,407	1,798	731.94	726.85	727.21
Retained Earnings	8,443	7,448	5,894	4,557	3,916	3,354
Treasury Stock	-	-	-	-10	-	-
Comprehensive Income & Other	27.51	-1.78	-8.39	133.84	90.58	-25.4
Total Common Equity	11,388	10,164	8,619	6,279	5,600	4,922
Minority Interest	684.37	721.73	630.94	530.94	427.91	420.93
Shareholders' Equity	12,072	10,886	9,250	6,810	6,028	5,343
Total Liabilities & Equity	18,827	16,363	13,995	11,693	10,397	8,107
Total Debt	1,455	1,160	1,028	1,908	1,562	231.38
Net Cash (Debt)	2,380	3,028	2,776	1,237	1,224	1,888
Net Cash Growth	-12.49%	9.07%	124.50%	1.02%	-35.15%	32.97%
Net Cash Per Share	1.82	2.31	2.12	0.98	1.01	1.56
Filing Date Shares Outstanding	1,310	1,310	1,310	1,212	1,213	1,213
Total Common Shares Outstanding	1,310	1,310	1,310	1,212	1,213	1,213
Working Capital	5,263	5,132	4,264	3,855	3,422	2,109
Book Value Per Share	8.69	7.76	6.58	5.18	4.62	4.06
Tangible Book Value	10,953	9,751	8,239	5,967	5,289	4,643
Tangible Book Value Per Share	8.36	7.44	6.29	4.92	4.36	3.83
Buildings	-	1,358	1,321	1,120	1,074	-
Machinery	-	2,455	1,958	1,608	1,293	-
Construction In Progress	-	584.84	425.33	240.52	242.97	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.