Haitian Water Group 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	1,127	603.63	641.16	596.77	487.41	261.06
Trading Asset Securities	-	-	-	100	100	1
Accounts Receivable	1,587	1,018	747.44	547.56	413.47	241.91
Other Receivables	74.05	23.3	25.71	16.07	23.03	10.08
Inventory	146.19	28.99	53.05	36.08	50.17	38.97
Other Current Assets	258.37	133.6	86.69	82.39	98	200.45
Total Current Assets	3,193	1,807	1,554	1,379	1,172	753.47
Property, Plant & Equipment	1,408	807.52	818.6	836.96	833.77	1,291
Other Intangible Assets	3,483	3,251	3,345	3,051	2,922	1,203
Long-Term Investments	413.65	528.26	406.88	447.94	353.51	103.7
Long-Term Deferred Tax Assets	95.18	77.11	55.44	50.46	48.04	35.46
Long-Term Deferred Charges	55.39	5.64	8.04	7.1	3.58	2.44
Long-Term Accounts Receivable	194.41	19.83	6.44	7.05	-	-
Other Long-Term Assets	96.45	115.35	49.27	41.19	17.33	1,004
Total Assets	8,939	6,612	6,244	5,821	5,350	4,394
Accounts Payable	424.92	460.16	591.53	567.75	581.53	620.13
Accrued Expenses	40.94	57.89	50.13	47.39	42.16	43.72
Short-Term Debt	957.66	526.18	519.4	331.57	75.52	50
Current Portion of Long-Term Debt	846.57	322.8	204.06	374.02	320.96	-
Current Unearned Revenue	90.92	127.48	122.11	137.59	141.7	127.27
Current Portion of Leases	-	1.85	1.72	1.72	1.54	-
Current Income Taxes Payable	37.66	34.5	24.89	15.54	21.24	12.18
Other Current Liabilities	171.63	162.71	118.95	153.4	54.11	285.13
Total Current Liabilities	2,570	1,694	1,633	1,629	1,239	1,138
Long-Term Debt	2,670	1,698	1,585	1,539	1,606	1,642
Long-Term Leases	24.27	12.81	14.53	15.29	0.57	-
Long-Term Unearned Revenue	40.06	42.87	46.65	43.24	38.18	40.51
Long-Term Deferred Tax Liabilities	62.02	13.35	12.51	13.45	11.63	15.28
Other Long-Term Liabilities	471.49	171.27	192.47	164.54	115.83	170.6
Total Liabilities	5,838	3,632	3,484	3,404	3,010	3,007
Common Stock	461.76	461.76	461.76	461.76	312	234
Additional Paid-In Capital	880.43	880.43	880.43	911.39	1,061	338.36
Retained Earnings	1,505	1,401	1,221	979.02	830.06	697.86
Total Common Equity	2,847	2,743	2,563	2,352	2,203	1,270
Minority Interest	253	237.3	197.46	64.61	136.28	116.68
Shareholders' Equity	3,100	2,981	2,761	2,417	2,340	1,387
Total Liabilities & Equity	8,939	6,612	6,244	5,821	5,350	4,394
Total Debt	4,499	2,562	2,324	2,261	2,004	1,692
Net Cash (Debt)	-3,372	-1,958	-1,683	-1,564	-1,417	-1,430
Net Cash Per Share	-7.48	-4.24	-3.62	-3.38	-3.27	-4.15
Filing Date Shares Outstanding	461.76	461.76	461.76	461.76	461.76	346.32
Total Common Shares Outstanding	461.76	461.76	461.76	461.76	461.76	346.32
Working Capital	622.7	113.86	-78.75	-250.1	-66.67	-384.95
Book Value Per Share	6.17	5.94	5.55	5.09	4.77	3.67
Tangible Book Value	-635.45	-507.95	-782.28	-699.01	-718.46	66.98
Tangible Book Value Per Share	-1.38	-1.10	-1.69	-1.51	-1.56	0.19
Buildings	-	451.71	436.73	426.7	380.02	198.62
Machinery	-	359.61	335.11	304.39	264.15	227.22
Construction In Progress	-	13.52	21.63	27.95	77.35	757.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.