Xianhe 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	894.4	506.56	804.8	1,228	943.97	794.41
Short-Term Investments	-	-	181.28	1,083	445.27	-
Trading Asset Securities	-	35.91	170.72	-	1,036	1,564
Cash & Short-Term Investments	894.4	542.47	1,157	2,311	2,425	2,358
Cash Growth	-0.02%	-53.11%	-49.94%	-4.72%	2.85%	246.42%
Accounts Receivable	2,485	2,045	2,363	1,880	2,157	1,938
Other Receivables	16.45	16.59	11.86	31.86	19.2	15.25
Receivables	2,502	2,061	2,375	1,912	2,176	1,953
Inventory	4,118	3,907	3,413	2,777	2,055	1,925
Prepaid Expenses	-	-	9.08	0.73	39.94	-
Other Current Assets	1,654	1,866	1,278	705.66	272.55	214.34
Total Current Assets	9,168	8,377	8,232	7,706	6,969	6,451
Property, Plant & Equipment	13,577	13,449	12,507	7,865	3,999	2,889
Long-Term Investments	1,153	1,252	1,151	1,012	918.43	889.41
Goodwill	9.38	9.38	9.38	9.38	9.38	9.38
Other Intangible Assets	1,190	1,012	951.86	967.91	772.83	516.46
Long-Term Deferred Tax Assets	261.68	247.64	266.2	88.94	75.49	62.37
Long-Term Deferred Charges	6.92	8.73	17.62	24.09	22.93	7.91
Other Long-Term Assets	652.47	530.3	186.47	1,196	497.1	223.75
Total Assets	26,018	24,886	23,322	18,870	13,264	11,049
Accounts Payable	2,613	2,357	2,970	2,408	2,022	1,408
Accrued Expenses	87.01	179.47	265.01	266.63	200.63	242.32
Short-Term Debt	2,350	1,979	1,585	2,372	1,771	690.1
Current Portion of Long-Term Debt	774.87	771.91	226.18	385.09	-	-
Current Income Taxes Payable	112.84	110.37	18.31	41.91	11.35	61.43
Current Unearned Revenue	207.37	133.99	158.06	115.87	55.04	50.12
Other Current Liabilities	33.24	15.07	15.79	22.86	14.08	10.01
Total Current Liabilities	6,178	5,547	5,238	5,613	4,074	2,462
Long-Term Debt	10,065	9,806	9,217	5,359	1,864	1,775
Long-Term Leases	1.31	1.3	1.32	-	-	-
Long-Term Unearned Revenue	597.63	602.05	569.98	503.53	376.75	363.62
Long-Term Deferred Tax Liabilities	113.99	115.02	157.71	32	37.49	0.87
Total Liabilities	16,956	16,072	15,184	11,508	6,352	4,602
Common Stock	707.72	707.72	705.98	705.98	705.98	705.97
Additional Paid-In Capital	3,100	3,100	3,064	3,064	3,064	3,064
Retained Earnings	4,961	4,711	4,051	3,294	2,849	2,386
Comprehensive Income & Other	219.8	224.72	271.04	261.53	259.89	262.85
Total Common Equity	8,989	8,743	8,092	7,326	6,880	6,419
Minority Interest	71.94	71.16	45.37	35.67	32.19	27.67
Shareholders' Equity	9,061	8,815	8,138	7,362	6,912	6,447
Total Liabilities & Equity	26,018	24,886	23,322	18,870	13,264	11,049
Total Debt	13,192	12,558	11,029	8,116	3,635	2,466
Net Cash (Debt)	-12,297	-12,016	-9,872	-5,806	-1,210	-107.29
Net Cash Per Share	-14.04	-13.53	-11.11	-6.30	-1.67	-0.15
Filing Date Shares Outstanding	716.76	710.65	705.98	705.98	705.98	705.97
Total Common Shares Outstanding	716.76	710.65	705.98	705.98	705.98	705.97
Working Capital	2,990	2,830	2,994	2,093	2,895	3,989
Book Value Per Share	12.54	12.30	11.46	10.38	9.74	9.09
Tangible Book Value	7,790	7,722	7,131	6,349	6,097	5,893
Tangible Book Value Per Share	10.87	10.87	10.10	8.99	8.64	8.35
Buildings	-	-	3,177	1,775	1,472	1,289
Machinery	-	-	8,158	4,455	3,688	3,217
Construction In Progress	-	-	4,363	4,339	1,152	356.71

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