Hangzhou Landscaping Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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	216.91	249.43	352.27	359.02	228.89	450.31
Trading Asset Securities	-	-	-	-	130.5	50.24
Cash & Short-Term Investments	216.91	249.43	352.27	359.02	359.39	500.55
Cash Growth	-14.35%	-29.20%	-1.88%	-0.10%	-28.20%	33.50%
Accounts Receivable	1,243	1,470	1,642	1,886	2,017	2,343
Other Receivables	14.55	10.92	9.89	25.31	18.23	35.1
Receivables	1,258	1,480	1,651	1,911	2,036	2,378
Inventory	170.87	64.12	26.41	28.76	26.35	25.57
Other Current Assets	117.35	10.39	17.84	16.67	39.03	38.81
Total Current Assets	1,763	1,804	2,048	2,316	2,460	2,943
Property, Plant & Equipment	75.5	69.96	76.82	58.69	36.69	30.12
Long-Term Investments	122.78	123.11	8.93	3.22	3.2	7.93
Goodwill	-	-	-	0.62	1.06	-
Other Intangible Assets	0.18	0.28	0.83	2.31	3.63	4.85
Long-Term Accounts Receivable	-	-	100.62	148.15	221.26	315.5
Long-Term Deferred Tax Assets	61.06	74.84	100.76	119.24	96.95	44.7
Long-Term Deferred Charges	13.15	11.87	6.3	7.95	11.92	15.86
Other Long-Term Assets	2.38	-	-	-	-	-
Total Assets	2,038	2,084	2,342	2,656	2,835	3,362

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Accounts Payable	658.83	680.59	785.64	854.53	1,001	1,307
Accrued Expenses	14.54	17.05	22.12	28.17	23.11	9.66
Short-Term Debt	168.54	107	118.54	167.69	100.09	51.58
Current Portion of Long-Term Debt	10.03	25.03	5.04	20.08	40.15	32.05
Current Portion of Leases	-	10.79	12.39	7.54	5.02	6.08
Current Income Taxes Payable	5.86	-	-	-	5.91	13.01
Current Unearned Revenue	41.49	35.25	91.6	82.55	28.68	7.56
Other Current Liabilities	226.1	290.59	183.44	179.6	151.93	136.1
Total Current Liabilities	1,125	1,166	1,219	1,340	1,356	1,563
Long-Term Debt	-	-	25	30	50	90
Long-Term Leases	44.28	42.46	51.24	39.9	23.98	19.49
Long-Term Unearned Revenue	0.43	0.76	2.56	3.58	4.27	4.98
Long-Term Deferred Tax Liabilities	0	0	-	0.01	1.55	0.04
Other Long-Term Liabilities	12.56	13.34	11.21	10.15	12.6	6.44
Total Liabilities	1,183	1,223	1,309	1,424	1,448	1,684

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Common Stock	161.24	161.24	161.24	161.24	161.24	161.24
Additional Paid-In Capital	896.2	896.06	896.03	896.03	896.03	896.03
Retained Earnings	-213.1	-192.47	-22.63	167.57	324.62	617.96
Treasury Stock	-6	-6	-6	-	-	-
Comprehensive Income & Other	-1.09	-0.96	-0.95	0.02	-	0.57
Total Common Equity	837.25	857.87	1,028	1,225	1,382	1,676
Minority Interest	18.01	3.68	5.73	7.17	4.66	2.79
Shareholders' Equity	855.26	861.56	1,033	1,232	1,387	1,679
Total Liabilities & Equity	2,038	2,084	2,342	2,656	2,835	3,362

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 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
Total Debt	222.85	185.28	212.21	265.2	219.24	199.2
Net Cash (Debt)	-5.94	64.15	140.06	93.82	140.15	301.35
Net Cash Growth	-	-54.20%	49.28%	-33.05%	-53.49%	469.02%
Net Cash Per Share	-0.04	0.40	0.87	0.58	0.87	1.95
Filing Date Shares Outstanding	167.6	160.5	160.5	161.24	161.24	161.24
Total Common Shares Outstanding	167.6	160.5	160.5	161.24	161.24	161.24
Working Capital	637.48	638.07	829.18	975.47	1,104	1,381
Book Value Per Share	5.00	5.34	6.40	7.60	8.57	10.39
Tangible Book Value	837.07	857.6	1,027	1,222	1,377	1,671
Tangible Book Value Per Share	4.99	5.34	6.40	7.58	8.54	10.36
Machinery	-	22.42	23.44	19.97	19.5	14.28
Construction In Progress	-	13.96	8.65	5.23	0.86	0.31
Order Backlog	-	2,018	-	-	-	-