Huawen Media 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	249.74	241.36	100.57	122.67	429.86	487.57
Short-Term Investments	-	-	-	-	-	40
Trading Asset Securities	68.6	68.6	116.51	160.6	177.39	99.55
Cash & Short-Term Investments	318.34	309.96	217.08	283.28	607.25	627.12
Cash Growth	48.77%	42.79%	-23.37%	-53.35%	-3.17%	-33.82%
Accounts Receivable	104.09	109.84	182.18	277.37	319.44	440.73
Other Receivables	226.42	228.87	305.68	394.02	498.52	789.66
Receivables	330.52	338.71	487.86	671.39	817.96	1,230
Inventory	0.11	0.1	0.07	0.49	12.98	119.3
Other Current Assets	45.14	68	39.74	65.43	156.91	226.28
Total Current Assets	694.1	716.77	744.75	1,021	1,595	2,203
Property, Plant & Equipment	246.33	251.3	272.01	330.03	360.29	317.87
Long-Term Investments	89.87	214.23	357.26	616.26	1,695	2,070
Goodwill	-	-	-	21.34	117.16	238.51
Other Intangible Assets	131.66	133.12	138.85	164.96	176.13	117.92
Long-Term Deferred Tax Assets	11.18	11.12	10.63	51.64	62.69	65.43
Long-Term Deferred Charges	33.22	28.03	25.99	26.62	26.82	17.48
Other Long-Term Assets	1,027	898.19	948.9	1,065	1,409	1,448
Total Assets	2,233	2,253	2,498	3,297	5,443	6,478
Accounts Payable	21.01	20.49	93.99	106.75	109.46	128.21
Accrued Expenses	39.82	16.04	90.37	84.81	95.6	151.19
Short-Term Debt	302.96	303.3	249.63	256.46	349.69	317.39
Current Portion of Long-Term Debt	-	638.43	394.51	357.96	588.21	738.83
Current Portion of Leases	-	-	2.01	3.24	4.56	-
Current Income Taxes Payable	-	27.85	19.18	16.98	17.36	22.02
Current Unearned Revenue	5.26	7.62	3.84	3.44	6.72	39.27
Other Current Liabilities	970.78	318.92	369.98	286.9	357.83	255.4
Total Current Liabilities	1,340	1,333	1,224	1,117	1,529	1,652
Long-Term Debt	533.71	533.71	731.11	870.61	1,353	1,422
Long-Term Leases	0.45	0.51	1.09	2.27	0.7	6.95
Long-Term Unearned Revenue	-	-	-	1.71	1.71	-
Long-Term Deferred Tax Liabilities	14.73	14.41	17.37	37.17	113.35	108.38
Other Long-Term Liabilities	4.71	4.71	-	7.71	2.64	0.52
Total Liabilities	1,893	1,886	1,973	2,036	3,000	3,190
Common Stock	1,997	1,997	1,997	1,997	1,997	1,997
Additional Paid-In Capital	3,614	3,614	3,615	3,646	3,646	3,646
Retained Earnings	-5,590	-5,562	-5,406	-4,698	-3,598	-2,914
Comprehensive Income & Other	9.71	9.71	9.87	9.87	17.27	14.58
Total Common Equity	30.61	58.57	216.05	954.97	2,062	2,743
Minority Interest	308.87	308.19	309.25	305.87	380.08	544.77
Shareholders' Equity	339.48	366.76	525.29	1,261	2,442	3,288
Total Liabilities & Equity	2,233	2,253	2,498	3,297	5,443	6,478
Total Debt	837.12	1,476	1,378	1,491	2,296	2,485
Net Cash (Debt)	-518.79	-1,166	-1,161	-1,207	-1,689	-1,858
Net Cash Per Share	-0.26	-0.58	-0.58	-0.60	-0.85	-0.93
Filing Date Shares Outstanding	1,997	1,995	1,997	1,997	1,997	1,997
Total Common Shares Outstanding	1,997	1,995	1,997	1,997	1,997	1,997
Working Capital	-645.72	-615.89	-478.78	-95.94	65.67	550.78
Book Value Per Share	0.02	0.03	0.11	0.48	1.03	1.37
Tangible Book Value	-101.04	-74.55	77.19	768.67	1,769	2,387
Tangible Book Value Per Share	-0.05	-0.04	0.04	0.38	0.89	1.20
Buildings	-	-	254.36	276.28	305.85	280.76
Machinery	-	-	183.45	204.39	314.14	269.69
Construction In Progress	-	-	-	2.99	5.91	35.19

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