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 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	270.88	186.69	254.37	357.35	368.57	386.16
Trading Asset Securities	0.15	0.18	0.11	4.23	-	30.5
Cash & Short-Term Investments	271.02	186.87	254.49	361.58	368.57	416.66
Cash Growth	3.60%	-26.57%	-29.62%	-1.90%	-11.54%	1.61%
Accounts Receivable	472.95	468.6	353.71	58.77	72.42	121.56
Other Receivables	86.02	85.5	77.72	30.65	19.32	22.82
Receivables	558.97	554.1	431.43	89.43	91.74	144.39
Inventory	363.99	372.25	404.15	327.6	347.14	372.26
Other Current Assets	28.66	26.81	22.96	19.49	49.21	27.35
Total Current Assets	1,223	1,140	1,113	798.11	856.66	960.65
Property, Plant & Equipment	278.94	281.27	277	57.03	78.3	87.79
Long-Term Investments	30.89	30.83	27.95	49.57	31.3	37.71
Goodwill	236.02	236.02	249.74	-	-	-
Other Intangible Assets	50.7	52.55	61.39	26.8	32.79	38.24
Long-Term Accounts Receivable	0.35	-	0.34	-	-	-
Long-Term Deferred Tax Assets	25.24	24.43	13.16	33.74	36.53	32.2
Long-Term Deferred Charges	37.04	40.31	30.37	6.79	5.05	4.59
Other Long-Term Assets	5.46	4.23	7.3	-	-	-
Total Assets	1,887	1,810	1,780	972.03	1,041	1,161
Accounts Payable	315.11	325.61	198.57	81.97	78.24	109.01
Accrued Expenses	24.5	28.95	69.99	51.94	73.31	63.57
Short-Term Debt	241.47	182.03	329.51	-	50.05	-
Current Portion of Long-Term Debt	-	73.8	-	-	-	-
Current Portion of Leases	75.3	-	6.78	0.85	1.42	2.14
Current Income Taxes Payable	16.05	17.02	14.05	3.17	-	-
Current Unearned Revenue	9.64	4.37	3.9	2.79	3.09	4.08
Other Current Liabilities	158.55	160.1	155.72	15.72	17.25	25.31
Total Current Liabilities	840.61	791.88	778.52	156.42	223.36	204.12
Long-Term Debt	89.52	96.6	-	-	-	-
Long-Term Leases	48.99	46.09	19.06	0.84	1.51	2.27
Long-Term Unearned Revenue	9.36	10.58	2.2	0.33	0.47	0.61
Long-Term Deferred Tax Liabilities	16.1	15.39	14.39	0.84	1.68	-
Other Long-Term Liabilities	75.79	76.06	137.82	-	-	-
Total Liabilities	1,080	1,037	951.99	158.44	227.02	207
Common Stock	219.36	219.36	219.36	221.1	221.36	221.36
Additional Paid-In Capital	-	460.77	471.54	476	478.87	473.02
Retained Earnings	432.47	-34.27	16.09	112.49	117.82	274.02
Treasury Stock	-	-	-	-6.19	-6.82	-14.24
Comprehensive Income & Other	-0.73	-0.73	-	-	-	-
Total Common Equity	651.11	645.13	706.99	803.4	811.24	954.16
Minority Interest	155.81	127.95	121.3	10.2	2.36	0.01
Shareholders' Equity	806.91	773.09	828.29	813.59	813.6	954.17
Total Liabilities & Equity	1,887	1,810	1,780	972.03	1,041	1,161
Total Debt	455.27	398.51	355.35	1.69	52.98	4.42
Net Cash (Debt)	-184.25	-211.64	-100.86	359.89	315.58	412.24
Net Cash Growth	-	-	-	14.04%	-23.45%	0.53%
Net Cash Per Share	-0.84	-0.97	-0.46	1.62	1.43	1.89
Filing Date Shares Outstanding	220.68	215.98	219.36	221.1	221.36	221.36
Total Common Shares Outstanding	220.68	215.98	219.36	221.1	221.36	221.36
Working Capital	382.02	348.16	334.52	641.68	633.3	756.53
Book Value Per Share	2.95	2.99	3.22	3.63	3.66	4.31
Tangible Book Value	364.38	356.57	395.86	776.6	778.45	915.92
Tangible Book Value Per Share	1.65	1.65	1.80	3.51	3.52	4.14
Buildings	-	-	115.66	115.66	151.09	151.09
Machinery	-	-	258.64	42.86	52.38	55.86
Construction In Progress	-	-	1.51	-	-	-

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