Huangshan Novel Co.,Ltd 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	Dec '21 Dec 31, 2021
Cash & Equivalents	654.59	793.12	1,112	1,178	900.05	787.01
Trading Asset Securities	707.72	837.48	682.53	301.99	312.67	30.88
Cash & Short-Term Investments	1,362	1,631	1,795	1,480	1,213	817.89
Cash Growth	-22.71%	-9.14%	21.26%	22.03%	48.27%	-24.72%
Accounts Receivable	815.44	798.24	723.69	698.38	625.32	666.95
Other Receivables	7.01	8.54	-	-	0.79	0.65
Receivables	822.45	806.78	723.78	698.57	626.19	667.69
Inventory	460.66	428.27	364.5	302.78	343.62	332.66
Other Current Assets	195.9	152.96	51.43	26.98	50.48	25.12
Total Current Assets	2,841	3,019	2,934	2,508	2,233	1,843
Property, Plant & Equipment	1,210	1,042	1,148	1,162	1,205	1,020
Long-Term Investments	-	-	104.16	101.27	-	-
Other Intangible Assets	77.75	78.39	80.66	82.5	83.27	76.89
Long-Term Deferred Tax Assets	25.83	25.83	25.27	27.8	24.64	27.29
Other Long-Term Assets	57.58	163.92	22.1	21.27	27.29	42.16
Total Assets	4,212	4,328	4,314	3,903	3,573	3,010
Accounts Payable	468.22	501.21	492.56	432.67	488.59	474.38
Accrued Expenses	70.18	104.51	154.68	167.47	157.24	132.06
Short-Term Debt	631.36	805.99	792.95	528.11	465.91	121.82
Current Portion of Long-Term Debt	48.17	47.61	30.1	68.95	4.8	-
Current Income Taxes Payable	18.54	17.81	11.88	8.32	5.34	4.11
Current Unearned Revenue	17.91	28.5	13.4	22.64	7.75	5.61
Other Current Liabilities	57.06	48.54	18.74	16.2	26.88	56.89
Total Current Liabilities	1,311	1,554	1,514	1,244	1,157	794.88
Long-Term Debt	253.87	216.11	129.74	115.03	45.67	-
Long-Term Leases	3.29	3.29	-	-	-	-
Long-Term Unearned Revenue	29.18	30.47	33.81	37.6	45.79	41.49
Long-Term Deferred Tax Liabilities	-	-	-	-	-	1.8
Other Long-Term Liabilities	-	-	-	1.75	-	-
Total Liabilities	1,598	1,804	1,678	1,399	1,248	838.17
Common Stock	612.49	612.49	612.49	612.49	612.49	514.02
Additional Paid-In Capital	512.67	512.67	512.67	512.67	510.78	518.14
Retained Earnings	1,438	1,348	1,461	1,330	1,167	1,161
Treasury Stock	-	-	-	-	-14.31	-67.9
Comprehensive Income & Other	3.72	3.72	3.37	2.49	2.94	3.1
Total Common Equity	2,567	2,477	2,589	2,458	2,279	2,129
Minority Interest	47.06	47.89	47.29	47.18	46.09	42.85
Shareholders' Equity	2,614	2,524	2,637	2,505	2,325	2,171
Total Liabilities & Equity	4,212	4,328	4,314	3,903	3,573	3,010
Total Debt	936.69	1,073	952.79	712.09	516.37	121.82
Net Cash (Debt)	425.63	557.6	841.8	767.82	696.36	696.07
Net Cash Growth	-50.68%	-33.76%	9.64%	10.26%	0.04%	-21.92%
Net Cash Per Share	0.70	0.92	1.37	1.26	1.15	1.15
Filing Date Shares Outstanding	604.98	578.9	612.49	612.49	632.78	612.49
Total Common Shares Outstanding	604.98	578.9	612.49	612.49	632.78	612.49
Working Capital	1,530	1,464	1,420	1,264	1,077	1,048
Book Value Per Share	4.24	4.28	4.23	4.01	3.60	3.48
Tangible Book Value	2,490	2,398	2,509	2,375	2,195	2,052
Tangible Book Value Per Share	4.11	4.14	4.10	3.88	3.47	3.35
Buildings	-	-	668.97	648.31	565.45	483.26
Machinery	-	-	1,737	1,611	1,409	1,307
Construction In Progress	-	-	21.97	35.6	252.2	169.16

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