Hangcha 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	4,338	4,377	4,183	3,804	3,040	2,331
Trading Asset Securities	100.35	100.35	85.76	-	105.04	454.67
Cash & Short-Term Investments	4,438	4,478	4,268	3,804	3,145	2,786
Cash Growth	5.57%	4.90%	12.20%	20.97%	12.87%	31.48%
Accounts Receivable	4,035	3,599	3,052	1,924	1,700	1,322
Other Receivables	293.83	414.62	461.82	309.76	258.49	197.94
Receivables	4,329	4,013	3,514	2,234	1,959	1,520
Inventory	3,472	3,149	2,511	2,226	1,879	1,854
Other Current Assets	1,023	594.45	516.24	611.49	602.17	527.19
Total Current Assets	13,262	12,235	10,810	8,876	7,584	6,686
Property, Plant & Equipment	3,586	3,617	2,962	2,457	1,894	1,715
Long-Term Investments	3,067	3,064	2,391	2,008	1,704	1,518
Goodwill	10.65	10.65	10.65	10.65	3.38	3.38
Other Intangible Assets	425.73	433.27	404.98	369.19	309.02	307.33
Long-Term Accounts Receivable	-	109.82	82.89	73.44	43.22	29.75
Long-Term Deferred Tax Assets	171.63	156.35	116.83	81	81.45	62.37
Long-Term Deferred Charges	20.18	21.24	26.39	16.46	11.48	9.76
Other Long-Term Assets	241.66	61.93	67.04	103.7	62.26	65.07
Total Assets	20,785	19,709	16,871	13,995	11,693	10,397
Accounts Payable	5,618	4,407	3,417	2,477	2,116	2,145
Accrued Expenses	106.16	222.61	202.47	170.44	178.79	181.68
Short-Term Debt	661.23	809.68	503.78	927.84	823.56	522.44
Current Portion of Long-Term Debt	43.19	2.31	600.39	-	-	-
Current Portion of Leases	-	42.38	29.41	25.91	16.49	19.23
Current Income Taxes Payable	153.02	106.79	117.85	93.55	33.4	30.81
Current Unearned Revenue	410.2	507.07	456.64	600.62	374.93	240.57
Other Current Liabilities	183.61	359.15	451.13	316.08	185.5	124.74
Total Current Liabilities	7,175	6,457	5,778	4,612	3,729	3,265
Long-Term Debt	499	498	54.72	-	1,026	974.98
Long-Term Leases	154.9	216.4	143.91	74.46	42.16	45.31
Long-Term Unearned Revenue	107.37	107.37	95.18	54.16	43.92	41.22
Long-Term Deferred Tax Liabilities	0.79	0.79	0.65	0.07	37.56	35.99
Other Long-Term Liabilities	53.92	60.52	15.14	4.58	4.58	7.28
Total Liabilities	7,991	7,340	6,088	4,745	4,883	4,370
Common Stock	1,310	1,310	1,310	935.58	866.4	866.4
Additional Paid-In Capital	1,685	1,684	1,497	1,798	731.94	726.85
Retained Earnings	9,058	8,586	7,312	5,894	4,557	3,916
Treasury Stock	-	-	-	-	-10	-
Comprehensive Income & Other	-16.39	28.06	-2.03	-8.39	133.84	90.58
Total Common Equity	12,037	11,608	10,117	8,619	6,279	5,600
Minority Interest	757.83	760.74	666.83	630.94	530.94	427.91
Shareholders' Equity	12,795	12,369	10,783	9,250	6,810	6,028
Total Liabilities & Equity	20,785	19,709	16,871	13,995	11,693	10,397
Total Debt	1,358	1,569	1,332	1,028	1,908	1,562
Net Cash (Debt)	3,080	2,909	2,936	2,776	1,237	1,224
Net Cash Growth	0.56%	-0.94%	5.77%	124.50%	1.02%	-35.15%
Net Cash Per Share	2.35	2.22	2.25	2.12	0.98	1.01
Filing Date Shares Outstanding	1,310	1,310	1,310	1,310	1,212	1,213
Total Common Shares Outstanding	1,310	1,310	1,310	1,310	1,212	1,213
Working Capital	6,087	5,777	5,031	4,264	3,855	3,422
Book Value Per Share	9.19	8.86	7.72	6.58	5.18	4.62
Tangible Book Value	11,600	11,164	9,701	8,239	5,967	5,289
Tangible Book Value Per Share	8.86	8.52	7.41	6.29	4.92	4.36
Buildings	-	2,047	1,358	1,321	1,120	1,074
Machinery	-	3,156	2,486	1,958	1,608	1,293
Construction In Progress	-	115.95	584.84	425.33	240.52	242.97

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