Shandong Haihua Co.,Ltd Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	1,510	2,217	956.12	1,291	1,413	355.96
Trading Asset Securities	-	200.22	-	60.33	-	-
Cash & Short-Term Investments	1,510	2,417	956.12	1,352	1,413	355.96
Cash Growth	-17.14%	152.80%	-29.27%	-4.32%	296.92%	-60.72%
Accounts Receivable	1,044	1,480	3,238	2,107	1,160	989.54
Other Receivables	412.55	214.22	90.05	33.77	14.43	10.98
Receivables	1,457	1,694	3,328	2,141	1,175	1,001
Inventory	269.12	569.28	271.91	401.68	723.77	503.23
Other Current Assets	26.88	129.16	11.06	36.55	219.73	26.09
Total Current Assets	3,263	4,810	4,567	3,931	3,531	1,886
Property, Plant & Equipment	2,901	2,919	2,809	2,642	2,452	2,121
Long-Term Investments	100.75	244.3	241.3	56.73	54.78	56.9
Other Intangible Assets	212.97	111.11	104.77	114.18	101.81	88.5
Long-Term Deferred Tax Assets	296.59	160.49	115.38	86.85	84.07	145.59
Long-Term Deferred Charges	0.27	0.43	0.65	3.16	8.18	5.19
Other Long-Term Assets	2,508	332.97	212.63	90.69	10.13	3.14
Total Assets	9,283	8,578	8,052	6,924	6,242	4,306
Accounts Payable	1,986	2,255	1,686	1,926	1,509	743.62
Accrued Expenses	303.49	325.85	327.3	259.47	141.57	159.73
Short-Term Debt	980.45	-	-	-	80	-
Current Portion of Long-Term Debt	183.4	29.02	-	-	-	-
Current Portion of Leases	-	10.48	4.25	2.11	3.35	-
Current Income Taxes Payable	39.05	7.02	97.41	25.24	60.52	0.02
Current Unearned Revenue	108.08	92.52	138.36	246.22	286.01	195.57
Other Current Liabilities	104.99	92.53	114.02	125.8	117.97	86.99
Total Current Liabilities	3,706	2,813	2,367	2,585	2,199	1,186
Long-Term Debt	396.18	216.44	189.12	-	-	-
Long-Term Leases	237.21	220.63	200.55	98.52	14	-
Long-Term Unearned Revenue	28.37	17.58	21.58	21.34	28.22	32.48
Long-Term Deferred Tax Liabilities	57.44	71.25	50.34	24.9	-	-
Other Long-Term Liabilities	79.3	58.56	61.53	67.69	62.36	74.64
Total Liabilities	4,504	3,397	2,890	2,798	2,303	1,293
Common Stock	895.09	895.09	895.09	895.09	895.09	895.09
Additional Paid-In Capital	1,148	1,147	1,095	1,028	1,682	1,525
Retained Earnings	2,750	3,147	3,197	2,242	1,400	633.18
Comprehensive Income & Other	3.4	10.36	-7.86	-10.19	-9.94	-10.25
Total Common Equity	4,797	5,199	5,179	4,155	3,967	3,043
Minority Interest	-18.36	-18.36	-18.36	-28.32	-28.87	-29.58
Shareholders' Equity	4,779	5,181	5,161	4,127	3,938	3,013
Total Liabilities & Equity	9,283	8,578	8,052	6,924	6,242	4,306
Total Debt	1,797	476.57	393.91	100.63	97.35	-
Net Cash (Debt)	-287.45	1,941	562.21	1,251	1,316	355.96
Net Cash Growth	-	245.16%	-55.06%	-4.89%	269.57%	-60.72%
Net Cash Per Share	-0.29	1.98	0.63	1.40	1.47	0.40
Filing Date Shares Outstanding	895.09	895.09	895.09	895.09	895.09	895.09
Total Common Shares Outstanding	895.09	895.09	895.09	895.09	895.09	895.09
Working Capital	-443.23	1,997	2,200	1,346	1,332	699.86
Book Value Per Share	5.36	5.81	5.79	4.64	4.43	3.40
Tangible Book Value	4,584	5,088	5,075	4,041	3,865	2,954
Tangible Book Value Per Share	5.12	5.68	5.67	4.51	4.32	3.30
Buildings	-	2,443	2,316	2,313	2,154	1,900
Machinery	-	5,092	4,656	4,917	5,016	4,216
Construction In Progress	-	34.61	253.27	151.11	112.41	34.54

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