Haiyang Technology 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	607.79	334.6	349.01	290.72	300.24	210.09
Trading Asset Securities	10	12.55	-	-	-	0.05
Cash & Short-Term Investments	617.79	347.16	349.01	290.72	300.24	210.14
Cash Growth	77.01%	-0.53%	20.05%	-3.17%	42.88%	-
Accounts Receivable	651.75	633.1	570.21	429.71	394.28	266.32
Other Receivables	0.48	53.42	45.8	29.77	3.53	0.66
Receivables	652.23	686.52	616.01	459.48	397.81	266.99
Inventory	558.62	558.51	435.88	368.29	346	286.81
Prepaid Expenses	-	7.15	4.04	-	-	-
Other Current Assets	177.13	82.71	124.76	61.77	115.46	137.5
Total Current Assets	2,006	1,682	1,530	1,180	1,160	901.43
Property, Plant & Equipment	1,170	1,083	1,074	767.14	694.37	713.54
Long-Term Investments	11.5	11.5	11.5	14.5	14.5	14.5
Other Intangible Assets	84	84.22	86.59	87.94	90.32	91.76
Long-Term Deferred Tax Assets	22.1	15.81	13.33	9.9	8.49	14.92
Long-Term Deferred Charges	4.34	4.34	3.3	3.87	3.41	3.84
Other Long-Term Assets	275	121.77	22.92	24.55	3.48	2.93
Total Assets	3,573	3,002	2,742	2,088	1,974	1,743
Accounts Payable	1,035	1,050	1,038	533.08	514.99	672.06
Accrued Expenses	20.58	39.58	32.58	30.15	27.45	14.91
Short-Term Debt	252.85	213.78	251.34	344	403.2	486.41
Current Portion of Long-Term Debt	42.34	39.66	14.63	-	-	0.14
Current Portion of Leases	-	0.58	0.52	0.49	-	-
Current Income Taxes Payable	14.5	17.42	23.64	18.97	26.94	1.85
Current Unearned Revenue	18.36	20.47	24.14	13.31	40.01	30.51
Other Current Liabilities	28.93	35.69	4.95	3.13	4.87	6.1
Total Current Liabilities	1,413	1,417	1,390	943.13	1,017	1,212
Long-Term Debt	232.95	187.99	128.99	54.55	-	-
Long-Term Leases	2.17	2.63	3.21	3.73	4.14	-
Long-Term Unearned Revenue	35.74	28.46	26.36	10.67	10.15	6.83
Long-Term Deferred Tax Liabilities	1.11	1.3	1.53	1.7	2.07	-
Other Long-Term Liabilities	3.93	4.35	4.66	5.35	16.38	16.62
Total Liabilities	1,689	1,642	1,555	1,019	1,050	1,235
Common Stock	181.25	135.94	135.94	135.94	135.94	112.49
Additional Paid-In Capital	758.69	343.33	351.48	351.48	351.48	234.23
Retained Earnings	793.66	736.83	571	466.48	332.87	62.63
Total Common Equity	1,734	1,216	1,058	953.9	820.29	409.35
Minority Interest	150.14	144.22	128.67	115.13	103.61	98.11
Shareholders' Equity	1,884	1,360	1,187	1,069	923.9	507.46
Total Liabilities & Equity	3,573	3,002	2,742	2,088	1,974	1,743
Total Debt	530.32	444.64	398.7	402.77	407.34	486.56
Net Cash (Debt)	87.47	-97.49	-49.69	-112.05	-107.1	-276.42
Net Cash Per Share	0.60	-0.72	-0.37	-0.82	-0.90	-2.44
Filing Date Shares Outstanding	181.25	135.94	112.49	112.49	118.37	113.37
Total Common Shares Outstanding	181.25	135.94	112.49	112.49	118.37	113.37
Working Capital	592.77	264.77	139.93	237.13	142.06	-310.57
Book Value Per Share	9.56	8.95	9.41	8.48	6.93	3.61
Tangible Book Value	1,650	1,132	971.84	865.96	729.98	317.59
Tangible Book Value Per Share	9.10	8.33	8.64	7.70	6.17	2.80
Buildings	-	606.7	548.06	390.94	383	380.76
Machinery	-	1,305	1,160	925.4	918.79	868.11
Construction In Progress	-	88.84	172.62	166.01	38.87	47.94

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