Hunan Heshun Petroleum 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	232.92	311.87	170.23	163.42	472.59	632.3
Trading Asset Securities	208.84	195.03	50.13	250.47	50.06	50.13
Cash & Short-Term Investments	441.76	506.9	220.36	413.9	522.65	682.43
Cash Growth	121.89%	130.03%	-46.76%	-20.81%	-23.41%	-35.60%
Accounts Receivable	54.12	24.08	24.64	9.71	24.29	6.56
Other Receivables	38.83	41.8	73.04	3.06	4.93	3.55
Receivables	92.95	65.87	97.67	12.77	29.22	10.11
Inventory	187.15	143.64	195.02	276.7	228.14	105.19
Other Current Assets	187.74	242.15	66.42	136.89	153.58	226.46
Total Current Assets	909.6	958.56	579.47	840.25	933.6	1,024
Property, Plant & Equipment	538.88	549.63	623.32	906.63	901.88	844.69
Long-Term Investments	112.03	50.06	462.67	91.25	-	-
Other Intangible Assets	285.41	289.71	312.99	331.46	351.48	329.48
Long-Term Deferred Tax Assets	20.85	21	11.02	2.19	2.15	0.95
Long-Term Deferred Charges	26.89	27.23	30.48	39.51	32.25	33.28
Other Long-Term Assets	21.85	22.03	7.11	11.41	107.65	130.03
Total Assets	1,915	1,918	2,027	2,223	2,329	2,363
Accounts Payable	29.24	38.6	10.58	59.84	78.01	31.82
Accrued Expenses	4	5.68	10.27	11.5	19.02	15.6
Current Portion of Long-Term Debt	7.19	5.9	-	-	-	-
Current Portion of Leases	-	-	8.41	42.81	24.24	52.02
Current Income Taxes Payable	11.9	2.44	13.24	11.17	13.6	6.78
Current Unearned Revenue	133.8	155.11	162.11	171.87	208.84	265.39
Other Current Liabilities	46.9	51.52	61.72	31.63	36.4	33.13
Total Current Liabilities	233.04	259.26	266.32	328.83	380.1	404.74
Long-Term Leases	70.09	68.81	93.61	242.83	259.67	288.11
Long-Term Unearned Revenue	0.54	0.29	-	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.03
Other Long-Term Liabilities	-	-	0.56	-	2.58	-
Total Liabilities	303.66	328.36	360.49	571.67	642.35	692.89
Common Stock	171.91	171.91	173.39	173.39	173.39	173.39
Additional Paid-In Capital	803.99	803.99	819.68	843.54	843.54	843.54
Retained Earnings	645.27	623.26	696.69	684.53	717.47	647.99
Treasury Stock	-14.05	-14.05	-28.09	-55.39	-52.73	-
Total Common Equity	1,607	1,585	1,662	1,646	1,682	1,665
Minority Interest	4.71	4.75	4.91	4.95	4.97	4.81
Shareholders' Equity	1,612	1,590	1,667	1,651	1,687	1,670
Total Liabilities & Equity	1,915	1,918	2,027	2,223	2,329	2,363
Total Debt	77.27	74.71	102.02	285.64	283.91	340.13
Net Cash (Debt)	364.49	432.19	118.34	128.25	238.75	342.3
Net Cash Growth	211.10%	265.20%	-7.73%	-46.28%	-30.25%	-67.70%
Net Cash Per Share	2.05	2.40	0.69	0.76	1.38	1.98
Filing Date Shares Outstanding	169.77	217.32	170.42	170.42	170.56	173.39
Total Common Shares Outstanding	169.77	217.32	170.42	170.42	170.56	173.39
Working Capital	676.56	699.3	313.16	511.42	553.49	619.45
Book Value Per Share	9.47	7.29	9.75	9.66	9.86	9.60
Tangible Book Value	1,322	1,295	1,349	1,315	1,330	1,335
Tangible Book Value Per Share	7.79	5.96	7.91	7.71	7.80	7.70
Buildings	-	-	188.26	187.78	169.22	141.51
Machinery	-	-	289.5	312.82	310.88	110.58
Construction In Progress	-	-	-	-	10.35	168.21

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