Haiyang Technology Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	494.83	345.44	334.6	349.01	290.72	300.24
Short-Term Investments	90.06	200.42	-	-	-	-
Trading Asset Securities	2.67	-	12.55	-	-	-
Cash & Short-Term Investments	587.56	545.86	347.16	349.01	290.72	300.24
Cash Growth	-37.26%	57.24%	-0.53%	20.05%	-3.17%	42.88%
Accounts Receivable	736.98	599.15	633.1	570.21	429.71	394.28
Other Receivables	84.86	54.97	53.42	45.8	29.77	3.53
Receivables	821.84	654.12	686.52	616.01	459.48	397.81
Inventory	601.16	552.26	558.51	435.88	368.29	346
Prepaid Expenses	-	-	7.15	4.04	-	-
Other Current Assets	101.71	94.06	82.71	124.76	61.77	115.46
Total Current Assets	2,112	1,846	1,682	1,530	1,180	1,160
Property, Plant & Equipment	1,803	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	82.5	83.27	84.22	86.59	87.94	90.32
Long-Term Deferred Tax Assets	22.9	19.3	15.81	13.33	9.9	8.49
Long-Term Deferred Charges	4.33	4.09	4.34	3.3	3.87	3.41
Other Long-Term Assets	396.7	252.79	121.77	22.92	24.55	3.48
Total Assets	4,433	3,545	3,002	2,742	2,088	1,974

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	1,512	1,007	1,050	1,038	533.08	514.99
Accrued Expenses	20.91	34.44	39.58	32.58	30.15	27.45
Short-Term Debt	437.98	259.05	213.78	251.34	344	403.2
Current Portion of Long-Term Debt	52.29	99.58	39.66	14.63	-	-
Current Portion of Leases	0.63	0.61	0.58	0.52	0.49	-
Current Income Taxes Payable	10.82	10.08	17.42	23.64	18.97	26.94
Current Unearned Revenue	11.65	11.37	20.47	24.14	13.31	40.01
Other Current Liabilities	8.29	7.29	35.69	4.95	3.13	4.87
Total Current Liabilities	2,054	1,429	1,417	1,390	943.13	1,017
Long-Term Debt	370.61	154.84	187.99	128.99	54.55	-
Long-Term Leases	1.7	2.02	2.63	3.21	3.73	4.14
Long-Term Unearned Revenue	44	46.28	28.46	26.36	10.67	10.15
Long-Term Deferred Tax Liabilities	1.55	1.1	1.3	1.53	1.7	2.07
Other Long-Term Liabilities	3.86	3.79	4.35	4.66	5.35	16.38
Total Liabilities	2,476	1,638	1,642	1,555	1,019	1,050

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	181.25	181.25	135.94	135.94	135.94	135.94
Additional Paid-In Capital	752.11	758.69	343.33	351.48	351.48	351.48
Retained Earnings	861.97	815.43	736.83	571	466.48	332.87
Total Common Equity	1,795	1,755	1,216	1,058	953.9	820.29
Minority Interest	161.81	151.7	144.22	128.67	115.13	103.61
Shareholders' Equity	1,957	1,907	1,360	1,187	1,069	923.9
Total Liabilities & Equity	4,433	3,545	3,002	2,742	2,088	1,974

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	863.22	516.1	444.64	398.7	402.77	407.34
Net Cash (Debt)	-275.66	29.76	-97.49	-49.69	-112.05	-107.1
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.52	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	58.04	416.81	264.77	139.93	237.13	142.06
Book Value Per Share	9.91	9.68	8.95	9.41	8.48	6.93
Tangible Book Value	1,713	1,672	1,132	971.84	865.96	729.98
Tangible Book Value Per Share	9.45	9.23	8.33	8.64	7.70	6.17
Buildings	696.39	625.64	606.7	548.06	390.94	383
Machinery	1,641	1,486	1,305	1,160	925.4	918.79
Construction In Progress	566.72	253.02	88.84	172.62	166.01	38.87