Harson Trading (China) 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	220.1	254.37	357.35	368.57	386.16	410.06
Trading Asset Securities	0.2	0.11	4.23	-	30.5	-
Cash & Short-Term Investments	220.3	254.49	361.58	368.57	416.66	410.06
Cash Growth	-31.70%	-29.62%	-1.90%	-11.54%	1.61%	-2.71%
Accounts Receivable	433.26	353.71	58.77	72.42	121.56	71.97
Other Receivables	73.94	77.72	30.65	19.32	22.82	26.48
Receivables	507.2	431.43	89.43	91.74	144.39	98.45
Inventory	424.87	404.15	327.6	347.14	372.26	423.19
Other Current Assets	44.33	22.96	19.49	49.21	27.35	14.88
Total Current Assets	1,197	1,113	798.11	856.66	960.65	946.57
Property, Plant & Equipment	316.23	277	57.03	78.3	87.79	89.59
Long-Term Investments	33.53	27.95	49.57	31.3	37.71	28.37
Goodwill	249.74	249.74	-	-	-	-
Other Intangible Assets	54.57	61.39	26.8	32.79	38.24	43.65
Long-Term Accounts Receivable	0.35	0.34	-	-	-	-
Long-Term Deferred Tax Assets	21.19	13.16	33.74	36.53	32.2	45.88
Long-Term Deferred Charges	47.11	30.37	6.79	5.05	4.59	4.1
Other Long-Term Assets	11.5	7.3	-	-	-	-
Total Assets	1,931	1,780	972.03	1,041	1,161	1,158
Accounts Payable	347.62	198.57	81.97	78.24	109.01	106.73
Accrued Expenses	29.74	69.99	51.94	73.31	63.57	63.8
Short-Term Debt	241.07	329.51	-	50.05	-	-
Current Portion of Leases	83.71	6.78	0.85	1.42	2.14	-
Current Income Taxes Payable	10.56	14.05	3.17	-	-	0.15
Current Unearned Revenue	9.35	3.9	2.79	3.09	4.08	2.51
Other Current Liabilities	167.38	155.72	15.72	17.25	25.31	10.83
Total Current Liabilities	889.43	778.52	156.42	223.36	204.12	184.03
Long-Term Leases	51.87	19.06	0.84	1.51	2.27	-
Long-Term Unearned Revenue	10.92	2.2	0.33	0.47	0.61	0.74
Long-Term Deferred Tax Liabilities	19.08	14.39	0.84	1.68	-	-
Other Long-Term Liabilities	70.53	137.82	-	-	-	-
Total Liabilities	1,108	951.99	158.44	227.02	207	184.77
Common Stock	219.36	219.36	221.1	221.36	221.36	217.36
Additional Paid-In Capital	471.54	471.54	476	478.87	473.02	462.05
Retained Earnings	-2.39	16.09	112.49	117.82	274.02	294.12
Treasury Stock	-	-	-6.19	-6.82	-14.24	-
Comprehensive Income & Other	-	-	-	-	-	-0.18
Total Common Equity	688.51	706.99	803.4	811.24	954.16	973.35
Minority Interest	134.58	121.3	10.2	2.36	0.01	0.03
Shareholders' Equity	823.09	828.29	813.59	813.6	954.17	973.39
Total Liabilities & Equity	1,931	1,780	972.03	1,041	1,161	1,158
Total Debt	442.65	355.35	1.69	52.98	4.42	-
Net Cash (Debt)	-222.35	-100.86	359.89	315.58	412.24	410.06
Net Cash Growth	-	-	14.04%	-23.45%	0.53%	-2.71%
Net Cash Per Share	-1.00	-0.46	1.62	1.43	1.89	1.88
Filing Date Shares Outstanding	219.36	219.36	221.1	221.36	221.36	217.36
Total Common Shares Outstanding	219.36	219.36	221.1	221.36	221.36	217.36
Working Capital	307.27	334.52	641.68	633.3	756.53	762.55
Book Value Per Share	3.14	3.22	3.63	3.66	4.31	4.48
Tangible Book Value	384.21	395.86	776.6	778.45	915.92	929.7
Tangible Book Value Per Share	1.75	1.80	3.51	3.52	4.14	4.28
Buildings	-	115.66	115.66	151.09	151.09	151.09
Machinery	-	258.64	42.86	52.38	55.86	56.56
Construction In Progress	-	1.51	-	-	-	-

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