Sichuan Hexie Shuangma 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	269.2	330.14	465.7	581.82	690.35	1,392
Short-Term Investments	-	-	-	2.07	-	-
Trading Asset Securities	20	10	816.33	100.6	451.45	70.16
Cash & Short-Term Investments	289.2	340.15	1,282	684.49	1,142	1,462
Cash Growth	-75.53%	-73.47%	87.30%	-40.05%	-21.90%	69.80%
Accounts Receivable	272.67	267.76	223	88.31	45.03	83.38
Other Receivables	13.93	0.71	2.04	2.24	1.99	5.54
Receivables	286.6	268.47	225.04	90.55	47.02	88.92
Inventory	190.18	184.9	51.68	42.94	64.25	30.75
Other Current Assets	16.26	37.42	16.63	26.8	71.01	103.69
Total Current Assets	782.24	830.94	1,575	844.78	1,324	1,685
Property, Plant & Equipment	1,097	1,134	773.99	787.11	774.72	726.94
Long-Term Investments	6,307	5,912	5,752	5,479	4,293	2,381
Goodwill	881.62	881.62	-	-	-	-
Other Intangible Assets	150.16	164.88	85.38	91.11	94.22	46.84
Long-Term Deferred Tax Assets	62.05	57.83	0.38	0.43	0.96	3.41
Long-Term Deferred Charges	3.35	0.98	0.18	1.69	2.2	2.55
Other Long-Term Assets	13.65	9.58	7.21	6.52	1.15	671.09
Total Assets	9,297	8,991	8,195	7,211	6,490	5,517
Accounts Payable	257.04	280.45	197.74	255.66	147.93	126.99
Accrued Expenses	19.03	63.25	43.07	34.8	53.94	53.16
Short-Term Debt	-	1	9.99	43.04	24.4	39.39
Current Portion of Long-Term Debt	-	6.79	-	-	-	-
Current Portion of Leases	-	8.47	5.79	6.53	5.7	-
Current Income Taxes Payable	20.46	9.46	31.57	8.44	7.37	23.12
Current Unearned Revenue	44.48	92.35	85.98	92.03	116.12	111.62
Other Current Liabilities	54.82	84.34	59.54	41.61	44.47	49.8
Total Current Liabilities	395.82	546.11	433.68	482.1	399.92	404.08
Long-Term Debt	681.78	593.74	-	-	-	-
Long-Term Leases	34.5	15.95	5.44	9.03	12.19	-
Long-Term Unearned Revenue	11.01	11.56	0.46	0.51	0.55	0.6
Long-Term Deferred Tax Liabilities	253.84	247.18	273.41	191.05	133.55	28.81
Other Long-Term Liabilities	73.06	23.77	23.02	12.21	7.18	2.28
Total Liabilities	1,450	1,438	736.01	694.9	553.39	435.77
Common Stock	763.44	763.44	763.44	763.44	763.44	763.44
Additional Paid-In Capital	998.61	998.61	992.83	992.83	1,057	1,029
Retained Earnings	6,070	5,776	5,726	4,740	4,099	3,270
Treasury Stock	-88.26	-88.26	-40.53	-	-	-
Comprehensive Income & Other	25.35	25.34	-0.02	-0.68	-1.96	-0.94
Total Common Equity	7,769	7,475	7,441	6,496	5,917	5,062
Minority Interest	78.56	77.75	17.37	20.28	20.37	19.21
Shareholders' Equity	7,847	7,553	7,459	6,516	5,937	5,081
Total Liabilities & Equity	9,297	8,991	8,195	7,211	6,490	5,517
Total Debt	716.28	625.95	21.22	58.61	42.29	39.39
Net Cash (Debt)	-427.08	-285.8	1,261	625.88	1,100	1,423
Net Cash Growth	-	-	101.45%	-43.08%	-22.71%	65.23%
Net Cash Per Share	-0.57	-0.38	1.65	0.82	1.45	1.86
Filing Date Shares Outstanding	757.22	757.22	760.89	763.44	763.44	763.44
Total Common Shares Outstanding	757.22	757.22	760.89	763.44	763.44	763.44
Working Capital	386.42	284.82	1,142	362.68	924.16	1,281
Book Value Per Share	10.26	9.87	9.78	8.51	7.75	6.63
Tangible Book Value	6,737	6,429	7,356	6,405	5,822	5,015
Tangible Book Value Per Share	8.90	8.49	9.67	8.39	7.63	6.57
Buildings	-	854.45	651.32	649.93	600.45	537.21
Machinery	-	896.58	678.06	665.54	656.25	607.83
Construction In Progress	-	14.2	29.7	4.47	0.13	45.42

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.