Shandong Haihua Co.,Ltd Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	2,141	2,217	956.12	1,291	1,413
Trading Asset Securities	-	200.22	-	60.33	-
Cash & Short-Term Investments	2,141	2,417	956.12	1,352	1,413
Cash Growth	-11.41%	152.80%	-29.27%	-4.32%	296.92%
Accounts Receivable	695.72	1,480	3,238	2,107	1,160
Other Receivables	107.98	214.22	90.05	33.77	14.43
Receivables	803.7	1,694	3,328	2,141	1,175
Inventory	187.01	569.28	271.91	401.68	723.77
Other Current Assets	124.12	129.16	11.06	36.55	219.73
Total Current Assets	3,256	4,810	4,567	3,931	3,531
Property, Plant & Equipment	2,446	2,919	2,809	2,642	2,452
Long-Term Investments	2,413	244.3	241.3	56.73	54.78
Other Intangible Assets	214.04	111.11	104.77	114.18	101.81
Long-Term Deferred Tax Assets	93.1	160.49	115.38	86.85	84.07
Long-Term Deferred Charges	1.64	0.43	0.65	3.16	8.18
Other Long-Term Assets	422.31	332.97	212.63	90.69	10.13
Total Assets	8,846	8,578	8,052	6,924	6,242
Accounts Payable	1,952	2,255	1,686	1,926	1,509
Accrued Expenses	349.83	325.85	327.3	259.47	141.57
Short-Term Debt	1,391	-	-	-	80
Current Portion of Long-Term Debt	179.09	29.02	-	-	-
Current Portion of Leases	79.73	10.48	4.25	2.11	3.35
Current Income Taxes Payable	4.27	7.02	97.41	25.24	60.52
Current Unearned Revenue	67.93	92.52	138.36	246.22	286.01
Other Current Liabilities	87.52	92.53	114.02	125.8	117.97
Total Current Liabilities	4,111	2,813	2,367	2,585	2,199
Long-Term Debt	424.55	216.44	189.12	-	-
Long-Term Leases	358.54	220.63	200.55	98.52	14
Long-Term Unearned Revenue	32.32	17.58	21.58	21.34	28.22
Long-Term Deferred Tax Liabilities	63.33	71.25	50.34	24.9	-
Other Long-Term Liabilities	45.33	58.56	61.53	67.69	62.36
Total Liabilities	5,036	3,397	2,890	2,798	2,303
Common Stock	895.09	895.09	895.09	895.09	895.09
Additional Paid-In Capital	1,148	1,147	1,095	1,028	1,682
Retained Earnings	1,759	3,147	3,197	2,242	1,400
Comprehensive Income & Other	26.48	10.36	-7.86	-10.19	-9.94
Total Common Equity	3,829	5,199	5,179	4,155	3,967
Minority Interest	-18.36	-18.36	-18.36	-28.32	-28.87
Shareholders' Equity	3,811	5,181	5,161	4,127	3,938
Total Liabilities & Equity	8,846	8,578	8,052	6,924	6,242
Total Debt	2,433	476.57	393.91	100.63	97.35
Net Cash (Debt)	-291.31	1,941	562.21	1,251	1,316
Net Cash Growth	-	245.16%	-55.06%	-4.89%	269.57%
Net Cash Per Share	-0.33	1.98	0.63	1.40	1.47
Filing Date Shares Outstanding	895.09	895.09	895.09	895.09	895.09
Total Common Shares Outstanding	895.09	895.09	895.09	895.09	895.09
Working Capital	-855.29	1,997	2,200	1,346	1,332
Book Value Per Share	4.28	5.81	5.79	4.64	4.43
Tangible Book Value	3,615	5,088	5,075	4,041	3,865
Tangible Book Value Per Share	4.04	5.68	5.67	4.51	4.32
Buildings	2,299	2,443	2,316	2,313	2,154
Machinery	4,907	5,092	4,656	4,917	5,016
Construction In Progress	161.84	34.61	253.27	151.11	112.41

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