Hunan Development 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	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Cash & Equivalents	883.14	870.8	606.75	704.05	714.32	431.99
Short-Term Investments	-	-	54.4	52.17	-	-
Trading Asset Securities	-	-	-	7.84	37.54	404.7
Accounts Receivable	53.3	40.37	27.55	17.18	28.3	23.43
Other Receivables	358.31	358.65	386.52	369.28	191.4	46.93
Inventory	5.98	4.04	13.42	7.87	4.42	4.08
Prepaid Expenses	-	6.87	2.48	1.93	-	-
Other Current Assets	262.72	261.23	350.77	414.49	459.4	467.74
Total Current Assets	1,563	1,542	1,442	1,575	1,435	1,379
Property, Plant & Equipment	1,565	1,571	1,533	1,568	1,614	1,341
Other Intangible Assets	60.89	61.52	70.88	35.49	36.21	12.64
Long-Term Investments	113.77	115.32	132.67	214.41	209.89	418.64
Long-Term Deferred Tax Assets	1.25	0.91	2.58	0.17	0.45	0.16
Long-Term Deferred Charges	9.18	9.87	8.07	8.9	10.74	8.23
Other Long-Term Assets	240.18	247.23	252.45	221.28	331.83	185.45
Total Assets	3,554	3,548	3,441	3,623	3,639	3,345
Accounts Payable	39.96	53.07	52.88	48.06	83.85	7.49
Accrued Expenses	36.98	34.87	40.83	33.93	28.15	27.52
Current Portion of Long-Term Debt	-	15.46	1.09	-	-	28
Current Unearned Revenue	5.17	6.23	22.11	30.79	42.3	41.78
Current Portion of Leases	-	0.02	-	-	0.05	0.17
Current Income Taxes Payable	-	3.47	8.35	11.43	4.46	2.84
Other Current Liabilities	77.74	58.95	43.56	25.84	18.57	24.32
Total Current Liabilities	159.85	172.07	168.82	150.04	177.39	132.12
Long-Term Debt	172.09	167.35	99	-	-	70
Long-Term Leases	16.25	16.74	-	-	0.14	0.56
Long-Term Unearned Revenue	1.66	1.67	1.73	1.79	3.37	2.74
Total Liabilities	350.15	357.82	269.55	151.83	180.9	205.42
Common Stock	464.16	464.16	464.16	464.16	464.16	464.16
Additional Paid-In Capital	2,005	2,005	2,005	2,115	2,128	2,135
Retained Earnings	695.54	682.46	633.53	588.93	539.47	516.74
Comprehensive Income & Other	3.65	2.81	1.83	1.55	1.5	-
Total Common Equity	3,168	3,154	3,104	3,170	3,133	3,116
Minority Interest	35.28	35.69	67.1	301.41	325.29	23.86
Shareholders' Equity	3,204	3,190	3,172	3,471	3,458	3,139
Total Liabilities & Equity	3,554	3,548	3,441	3,623	3,639	3,345
Total Debt	188.34	199.56	100.09	-	0.19	98.72
Net Cash (Debt)	694.81	671.24	561.05	764.05	751.67	737.97
Net Cash Growth	25.74%	19.64%	-26.57%	1.65%	1.86%	-26.96%
Net Cash Per Share	1.53	1.49	1.24	1.70	1.63	1.60
Filing Date Shares Outstanding	436.2	464.16	464.16	464.16	464.16	464.16
Total Common Shares Outstanding	436.2	464.16	464.16	464.16	464.16	464.16
Working Capital	1,404	1,370	1,273	1,425	1,258	1,247
Book Value Per Share	7.26	6.80	6.69	6.83	6.75	6.71
Tangible Book Value	3,107	3,093	3,034	3,134	3,096	3,103
Tangible Book Value Per Share	7.12	6.66	6.54	6.75	6.67	6.68
Buildings	-	1,936	1,941	1,940	1,850	1,563
Machinery	-	831.13	782.07	780.86	716.99	558.3
Construction In Progress	-	97.54	60.89	17.6	134.64	-

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