Haiyang Technology 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	339.61	345.44	334.6	349.01	290.72	300.24
Short-Term Investments	-	200.42	-	-	-	-
Trading Asset Securities	10	-	12.55	-	-	-
Cash & Short-Term Investments	349.61	545.86	347.16	349.01	290.72	300.24
Cash Growth	0.71%	57.24%	-0.53%	20.05%	-3.17%	42.88%
Accounts Receivable	658.3	599.15	633.1	570.21	429.71	394.28
Other Receivables	0.75	54.97	53.42	45.8	29.77	3.53
Receivables	659.05	654.12	686.52	616.01	459.48	397.81
Inventory	587.39	552.26	558.51	435.88	368.29	346
Prepaid Expenses	-	-	7.15	4.04	-	-
Other Current Assets	411.92	94.06	82.71	124.76	61.77	115.46
Total Current Assets	2,008	1,846	1,682	1,530	1,180	1,160
Property, Plant & Equipment	1,438	1,327	1,083	1,074	767.14	694.37
Long-Term Investments	11.5	11.5	11.5	11.5	14.5	14.5
Other Intangible Assets	84.85	83.27	84.22	86.59	87.94	90.32
Long-Term Deferred Tax Assets	20.14	19.3	15.81	13.33	9.9	8.49
Long-Term Deferred Charges	4.12	4.09	4.34	3.3	3.87	3.41
Other Long-Term Assets	398.77	252.79	121.77	22.92	24.55	3.48
Total Assets	3,965	3,545	3,002	2,742	2,088	1,974
Accounts Payable	1,154	1,007	1,050	1,038	533.08	514.99
Accrued Expenses	12.06	34.44	39.58	32.58	30.15	27.45
Short-Term Debt	348.78	259.05	213.78	251.34	344	403.2
Current Portion of Long-Term Debt	107.12	99.58	39.66	14.63	-	-
Current Portion of Leases	-	0.61	0.58	0.52	0.49	-
Current Income Taxes Payable	6.21	10.08	17.42	23.64	18.97	26.94
Current Unearned Revenue	21.52	11.37	20.47	24.14	13.31	40.01
Other Current Liabilities	9.04	7.29	35.69	4.95	3.13	4.87
Total Current Liabilities	1,658	1,429	1,417	1,390	943.13	1,017
Long-Term Debt	330.63	154.84	187.99	128.99	54.55	-
Long-Term Leases	1.86	2.02	2.63	3.21	3.73	4.14
Long-Term Unearned Revenue	45.1	46.28	28.46	26.36	10.67	10.15
Long-Term Deferred Tax Liabilities	1.04	1.1	1.3	1.53	1.7	2.07
Other Long-Term Liabilities	3.93	3.79	4.35	4.66	5.35	16.38
Total Liabilities	2,041	1,638	1,642	1,555	1,019	1,050
Common Stock	181.25	181.25	135.94	135.94	135.94	135.94
Additional Paid-In Capital	758.69	758.69	343.33	351.48	351.48	351.48
Retained Earnings	831.08	815.43	736.83	571	466.48	332.87
Total Common Equity	1,771	1,755	1,216	1,058	953.9	820.29
Minority Interest	153.49	151.7	144.22	128.67	115.13	103.61
Shareholders' Equity	1,925	1,907	1,360	1,187	1,069	923.9
Total Liabilities & Equity	3,965	3,545	3,002	2,742	2,088	1,974
Total Debt	788.39	516.1	444.64	398.7	402.77	407.34
Net Cash (Debt)	-438.78	29.76	-97.49	-49.69	-112.05	-107.1
Net Cash Per Share	-2.60	0.19	-0.72	-0.37	-0.82	-0.90
Filing Date Shares Outstanding	181.25	181.25	135.94	112.49	112.49	118.37
Total Common Shares Outstanding	181.25	181.25	135.94	112.49	112.49	118.37
Working Capital	349.63	416.81	264.77	139.93	237.13	142.06
Book Value Per Share	9.77	9.68	8.95	9.41	8.48	6.93
Tangible Book Value	1,686	1,672	1,132	971.84	865.96	729.98
Tangible Book Value Per Share	9.30	9.23	8.33	8.64	7.70	6.17
Buildings	-	625.64	606.7	548.06	390.94	383
Machinery	-	1,486	1,305	1,160	925.4	918.79
Construction In Progress	-	253.02	88.84	172.62	166.01	38.87