Guangxi Hechi Chemical 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	58.68	55.91	89.24	64.63	56.25	35.69
Trading Asset Securities	-	-	-	-	-	49.56
Cash & Short-Term Investments	58.68	55.91	89.24	64.63	56.25	85.25
Cash Growth	50.80%	-37.35%	38.07%	14.90%	-34.02%	1.30%
Accounts Receivable	15.03	23.72	30.93	14.83	14.72	30.97
Other Receivables	0.17	0.14	0.16	0.25	0.29	1.18
Receivables	15.21	23.87	31.09	15.08	15.01	32.15
Inventory	34.96	27.72	34.75	20.36	36.73	23.82
Other Current Assets	10.86	1.86	9	8.89	9.08	13.91
Total Current Assets	119.71	109.35	164.07	108.96	117.07	155.13
Property, Plant & Equipment	131.53	135.51	145.83	147.56	142.96	120.42
Goodwill	-	-	-	-	-	90.06
Other Intangible Assets	20.12	20.25	22.19	24.16	26.1	28.11
Long-Term Deferred Tax Assets	0.86	0.86	0.85	0.55	0.58	2.69
Total Assets	272.22	265.97	332.94	281.23	286.71	396.41
Accounts Payable	18.52	21.48	18.07	25.24	22.53	13.63
Accrued Expenses	4.27	5.67	4.43	4.87	4.63	13.54
Short-Term Debt	-	-	123.38	144.13	140.35	136.58
Current Income Taxes Payable	2.35	1.66	1.56	1.56	0.06	2.45
Current Unearned Revenue	11.13	3.28	5.1	4.11	5.28	14.22
Other Current Liabilities	55.6	54.9	8.45	8.47	8.69	9.87
Total Current Liabilities	91.87	86.99	160.99	188.38	181.55	190.29
Long-Term Unearned Revenue	8.18	8.22	8.38	8.54	8.7	8.85
Long-Term Deferred Tax Liabilities	-	-	1.7	1.42	2.01	3.13
Total Liabilities	100.06	95.22	171.08	198.33	192.26	202.27
Common Stock	366.12	366.12	366.12	366.12	366.12	366.12
Additional Paid-In Capital	505.31	505.31	505.31	505.31	505.31	505.31
Retained Earnings	-696.69	-697.65	-704.17	-783.42	-771.87	-671.43
Treasury Stock	-2.24	-2.24	-2.24	-	-	-
Comprehensive Income & Other	-18.13	-18.43	-19.98	-21.4	-21.72	-22.58
Total Common Equity	154.36	153.11	145.04	66.6	77.84	177.42
Minority Interest	17.8	17.65	16.82	16.3	16.61	16.72
Shareholders' Equity	172.16	170.76	161.86	82.9	94.45	194.14
Total Liabilities & Equity	272.22	265.97	332.94	281.23	286.71	396.41
Total Debt	-	-	123.38	144.13	140.35	136.58
Net Cash (Debt)	58.68	55.91	-34.14	-79.5	-84.1	-51.33
Net Cash Per Share	0.18	0.17	-0.09	-0.21	-0.23	-0.15
Filing Date Shares Outstanding	366.78	208.26	365.24	366.12	366.12	366.12
Total Common Shares Outstanding	366.78	208.26	365.24	366.12	366.12	366.12
Working Capital	27.84	22.36	3.08	-79.41	-64.48	-35.16
Book Value Per Share	0.42	0.74	0.40	0.18	0.21	0.48
Tangible Book Value	134.24	132.86	122.85	42.44	51.74	59.24
Tangible Book Value Per Share	0.37	0.64	0.34	0.12	0.14	0.16
Buildings	-	-	128.48	153.63	140.17	139.42
Machinery	-	-	102.03	68.87	6.05	33.82
Construction In Progress	-	-	-	-	0.02	-

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