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	Jun '26 Jun 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	173.89	249.43	352.27	359.02	228.89	450.31
Trading Asset Securities	-	-	-	-	130.5	50.24
Cash & Short-Term Investments	173.89	249.43	352.27	359.02	359.39	500.55
Cash Growth	-3.21%	-29.20%	-1.88%	-0.10%	-28.20%	33.50%
Accounts Receivable	1,418	1,470	1,642	1,886	2,017	2,343
Other Receivables	13.55	10.92	9.89	25.31	18.23	35.1
Receivables	1,432	1,480	1,651	1,911	2,036	2,378
Inventory	137.58	64.12	26.41	28.76	26.35	25.57
Other Current Assets	43.52	10.39	17.84	16.67	39.03	38.81
Total Current Assets	1,787	1,804	2,048	2,316	2,460	2,943
Property, Plant & Equipment	72.6	69.96	76.82	58.69	36.69	30.12
Long-Term Investments	10.15	123.11	8.93	3.22	3.2	7.93
Goodwill	-	-	-	0.62	1.06	-
Other Intangible Assets	0.2	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	67.12	74.84	100.76	119.24	96.95	44.7
Long-Term Deferred Charges	12.6	11.87	6.3	7.95	11.92	15.86
Other Long-Term Assets	112.14	-	-	-	-	-
Total Assets	2,062	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	Jun '26 Jun 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	638.47	680.59	785.64	854.53	1,001	1,307
Accrued Expenses	20.19	17.05	22.12	28.17	23.11	9.66
Short-Term Debt	293.76	107	118.54	167.69	100.09	51.58
Current Portion of Long-Term Debt	-	25.03	5.04	20.08	40.15	32.05
Current Portion of Leases	10.16	10.79	12.39	7.54	5.02	6.08
Current Income Taxes Payable	1.7	-	-	-	5.91	13.01
Current Unearned Revenue	51.3	35.25	91.6	82.55	28.68	7.56
Other Current Liabilities	184.15	290.59	183.44	179.6	151.93	136.1
Total Current Liabilities	1,200	1,166	1,219	1,340	1,356	1,563
Long-Term Debt	-	-	25	30	50	90
Long-Term Leases	42.31	42.46	51.24	39.9	23.98	19.49
Long-Term Unearned Revenue	0.51	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	16.28	13.34	11.21	10.15	12.6	6.44
Total Liabilities	1,259	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	Jun '26 Jun 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	-263.54	-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	786.82	857.87	1,028	1,225	1,382	1,676
Minority Interest	16.14	3.68	5.73	7.17	4.66	2.79
Shareholders' Equity	802.95	861.56	1,033	1,232	1,387	1,679
Total Liabilities & Equity	2,062	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	Jun '26 Jun 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	346.24	185.28	212.21	265.2	219.24	199.2
Net Cash (Debt)	-172.35	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	-1.07	0.40	0.87	0.58	0.87	1.95
Filing Date Shares Outstanding	160.5	160.5	160.5	161.24	161.24	161.24
Total Common Shares Outstanding	160.5	160.5	160.5	161.24	161.24	161.24
Working Capital	587.25	638.07	829.18	975.47	1,104	1,381
Book Value Per Share	4.90	5.34	6.40	7.60	8.57	10.39
Tangible Book Value	786.61	857.6	1,027	1,222	1,377	1,671
Tangible Book Value Per Share	4.90	5.34	6.40	7.58	8.54	10.36
Machinery	26.72	22.42	23.44	19.97	19.5	14.28
Construction In Progress	14.17	13.96	8.65	5.23	0.86	0.31
Order Backlog	-	2,018	-	-	-	-