Changhua Holding Group 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	611.7	426.69	239.36	213.79	415.51	221.2
Short-Term Investments	-	-	117.76	53.65	110.83	-
Trading Asset Securities	-	100.02	-	60.09	-	-
Cash & Short-Term Investments	611.7	526.72	357.12	327.53	526.35	221.2
Cash Growth	75.65%	47.49%	9.04%	-37.77%	137.96%	-57.91%
Accounts Receivable	352.84	555.36	423.79	594.42	382.84	302.46
Other Receivables	4.4	6.16	1.56	1.76	2.04	2.18
Receivables	357.24	561.52	425.35	596.18	384.87	304.65
Inventory	441.25	450.22	497.76	547.26	521.69	468.98
Other Current Assets	62.91	66.35	129.68	107.68	94.04	112.58
Total Current Assets	1,473	1,605	1,410	1,579	1,527	1,107
Property, Plant & Equipment	1,335	1,313	1,349	1,361	1,192	889.99
Long-Term Investments	322.09	314.76	229.63	359.18	310.29	268.42
Other Intangible Assets	208.85	210.04	190.38	199.09	200.44	194.19
Long-Term Deferred Tax Assets	32.64	29.61	18.84	16.76	3.41	16.13
Long-Term Deferred Charges	46.92	49.43	46.07	43.79	36.09	26.29
Other Long-Term Assets	105.03	98.17	50.5	68.83	137.72	98.28
Total Assets	3,523	3,620	3,294	3,627	3,407	2,601
Accounts Payable	369.62	493.07	371.54	551.07	432.39	392.84
Accrued Expenses	25.82	37.5	46.43	51.86	38.59	42.51
Short-Term Debt	177.49	181.8	46.55	191.88	206.68	59.61
Current Portion of Long-Term Debt	1.17	1.56	-	-	-	-
Current Portion of Leases	-	-	1.64	2.11	5.63	4.65
Current Income Taxes Payable	7.06	25.39	3.09	6.65	1.24	4.82
Current Unearned Revenue	16.65	16.79	2.93	3.09	3.72	3.37
Other Current Liabilities	12.4	18.87	30.07	37.21	34.87	11.54
Total Current Liabilities	610.22	774.98	502.25	843.88	723.12	519.33
Long-Term Leases	-	-	-	1.64	6.56	11.96
Long-Term Unearned Revenue	80.66	78.82	62.22	57.33	45.74	31.33
Long-Term Deferred Tax Liabilities	1.34	1.04	1.04	3.65	2.69	19.87
Total Liabilities	692.22	854.84	565.5	906.5	778.11	582.5
Common Stock	470.07	470.07	471.23	471.47	471.51	416.68
Additional Paid-In Capital	1,506	1,506	1,514	1,517	1,510	785.47
Retained Earnings	872.51	857.09	831.44	810.6	724.69	816.05
Treasury Stock	-16.98	-67.45	-87.95	-78.7	-77.8	-
Total Common Equity	2,831	2,765	2,729	2,720	2,629	2,018
Shareholders' Equity	2,831	2,765	2,729	2,720	2,629	2,018
Total Liabilities & Equity	3,523	3,620	3,294	3,627	3,407	2,601
Total Debt	178.67	183.35	48.19	195.64	218.87	76.22
Net Cash (Debt)	433.03	343.36	308.93	131.89	307.48	144.98
Net Cash Growth	35.72%	11.14%	134.23%	-57.11%	112.09%	-63.39%
Net Cash Per Share	1.00	0.72	0.65	0.28	0.67	0.34
Filing Date Shares Outstanding	514.2	498.64	463.94	464.18	466.12	416.68
Total Common Shares Outstanding	514.2	498.64	463.94	466.09	466.96	416.68
Working Capital	862.88	829.82	907.66	734.77	803.83	588.07
Book Value Per Share	5.51	5.55	5.88	5.84	5.63	4.84
Tangible Book Value	2,622	2,555	2,538	2,521	2,428	1,824
Tangible Book Value Per Share	5.10	5.12	5.47	5.41	5.20	4.38
Buildings	-	-	757.99	677.39	318.02	277.47
Machinery	-	-	1,275	1,126	936.09	888.04
Construction In Progress	-	-	118.1	237.33	517.3	215.53

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