Hangzhou Landscaping 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	214.21	249.43	352.27	359.02	228.89	450.31
Trading Asset Securities	-	-	-	-	130.5	50.24
Cash & Short-Term Investments	214.21	249.43	352.27	359.02	359.39	500.55
Cash Growth	0.54%	-29.20%	-1.88%	-0.10%	-28.20%	33.50%
Accounts Receivable	1,362	1,384	1,642	1,886	2,017	2,343
Other Receivables	10.63	10.92	9.89	25.31	18.23	35.1
Receivables	1,372	1,395	1,651	1,911	2,036	2,378
Inventory	94.39	64.12	26.41	28.76	26.35	25.57
Other Current Assets	99.45	96.29	17.84	16.67	39.03	38.81
Total Current Assets	1,780	1,804	2,048	2,316	2,460	2,943
Property, Plant & Equipment	69.44	69.96	76.82	58.69	36.69	30.12
Long-Term Investments	122.11	123.11	8.93	3.22	3.2	7.93
Goodwill	-	-	-	0.62	1.06	-
Other Intangible Assets	0.24	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	75.76	74.84	100.76	119.24	96.95	44.7
Long-Term Deferred Charges	11.43	11.87	6.3	7.95	11.92	15.86
Total Assets	2,059	2,084	2,342	2,656	2,835	3,362
Accounts Payable	624.31	680.59	785.64	854.53	1,001	1,307
Accrued Expenses	11.35	12.13	22.12	28.17	23.11	9.66
Short-Term Debt	275.37	107	118.54	167.69	100.09	51.58
Current Portion of Long-Term Debt	10.1	35.82	5.04	20.08	40.15	32.05
Current Portion of Leases	-	-	12.39	7.54	5.02	6.08
Current Income Taxes Payable	3.01	4.06	-	-	5.91	13.01
Current Unearned Revenue	36.97	35.09	91.6	82.55	28.68	7.56
Other Current Liabilities	182.35	291.62	183.44	179.6	151.93	136.1
Total Current Liabilities	1,143	1,166	1,219	1,340	1,356	1,563
Long-Term Debt	-	-	25	30	50	90
Long-Term Leases	39.23	42.46	51.24	39.9	23.98	19.49
Long-Term Unearned Revenue	0.64	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	14.84	13.34	11.21	10.15	12.6	6.44
Total Liabilities	1,198	1,223	1,309	1,424	1,448	1,684
Common Stock	161.24	161.24	161.24	161.24	161.24	161.24
Additional Paid-In Capital	896.06	896.06	896.03	896.03	896.03	896.03
Retained Earnings	-204.05	-192.47	-22.63	167.57	324.62	617.96
Treasury Stock	-6	-6	-6	-	-	-
Comprehensive Income & Other	-1.08	-0.96	-0.95	0.02	-	0.57
Total Common Equity	846.16	857.87	1,028	1,225	1,382	1,676
Minority Interest	14.99	3.68	5.73	7.17	4.66	2.79
Shareholders' Equity	861.16	861.56	1,033	1,232	1,387	1,679
Total Liabilities & Equity	2,059	2,084	2,342	2,656	2,835	3,362
Total Debt	324.7	185.28	212.21	265.2	219.24	199.2
Net Cash (Debt)	-110.5	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	-0.67	0.40	0.87	0.58	0.87	1.95
Filing Date Shares Outstanding	165.45	160.09	160.5	161.24	161.24	161.24
Total Common Shares Outstanding	165.45	160.09	160.5	161.24	161.24	161.24
Working Capital	636.89	638.07	829.18	975.47	1,104	1,381
Book Value Per Share	5.11	5.36	6.40	7.60	8.57	10.39
Tangible Book Value	845.92	857.6	1,027	1,222	1,377	1,671
Tangible Book Value Per Share	5.11	5.36	6.40	7.58	8.54	10.36
Machinery	-	-	23.44	19.97	19.5	14.28
Construction In Progress	-	-	8.65	5.23	0.86	0.31
Order Backlog	-	-	2,638	-	-	-

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