Huafu Fashion 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	2,103	1,673	2,496	2,637	2,719	3,373
Short-Term Investments	-	-	-	-	1.09	-
Trading Asset Securities	806.1	260.76	231.19	231.63	608.56	616.73
Cash & Short-Term Investments	2,909	1,934	2,727	2,868	3,329	3,990
Cash Growth	-25.19%	-29.08%	-4.93%	-13.83%	-16.58%	34.96%
Accounts Receivable	1,353	1,159	1,514	1,062	1,015	998.34
Other Receivables	166.33	148.14	303.99	287.75	355.31	377.98
Receivables	1,519	1,307	1,819	1,353	1,375	1,378
Inventory	4,876	4,387	4,762	5,007	5,337	6,561
Other Current Assets	1,435	958.15	862.63	681.78	830.7	914.28
Total Current Assets	10,740	8,586	10,171	9,910	10,871	12,843
Property, Plant & Equipment	5,102	5,172	5,055	5,178	5,416	5,454
Long-Term Investments	448.91	455.95	413.34	403.8	407.23	381.48
Goodwill	131.93	131.93	131.93	151.76	157.49	157.49
Other Intangible Assets	792.72	805.73	878.64	848.65	950.12	939.01
Long-Term Accounts Receivable	-	-	0.23	-	2.83	3.88
Long-Term Deferred Tax Assets	217.1	214.54	213.21	184.11	203.01	139.06
Long-Term Deferred Charges	26.3	88.99	11.62	18.21	31.33	42.93
Other Long-Term Assets	331.29	288.65	304.86	346.82	105.77	177.31
Total Assets	17,789	15,744	17,179	17,041	18,145	20,138
Accounts Payable	1,330	1,245	945.53	957.48	1,006	1,035
Accrued Expenses	60.17	72.65	148.96	176.76	275.19	411.53
Short-Term Debt	7,364	6,117	7,771	7,084	7,672	8,502
Current Portion of Long-Term Debt	529.69	532.72	313.54	404.55	132	223.71
Current Portion of Leases	-	-	4.28	11.28	8.59	10.01
Current Income Taxes Payable	34.98	52	14.02	29.72	35.66	52.37
Current Unearned Revenue	741.57	265.18	565.15	722.72	788.33	1,150
Other Current Liabilities	216.66	207.32	167.98	170.3	171.97	196.07
Total Current Liabilities	10,276	8,492	9,931	9,557	10,090	11,581
Long-Term Debt	807.94	663.73	818.86	726.46	920.04	882.63
Long-Term Leases	16.36	12.83	23.34	15.99	16.67	23.38
Long-Term Unearned Revenue	232.05	237.98	73.37	35.63	89.44	86.19
Long-Term Deferred Tax Liabilities	18.05	19.45	14.34	13.54	24.88	29.11
Other Long-Term Liabilities	244.37	244.37	244.37	244.37	224.6	7.47
Total Liabilities	11,595	9,670	11,105	10,593	11,365	12,610
Common Stock	1,701	1,701	1,701	1,701	1,701	1,701
Additional Paid-In Capital	2,735	2,738	2,738	2,738	2,741	2,771
Retained Earnings	1,859	1,814	1,756	2,014	1,947	2,590
Treasury Stock	-152.98	-300.1	-300.1	-200.07	-46.97	-
Comprehensive Income & Other	-233.1	-160.13	-112.34	-96.15	-48.18	-52.73
Total Common Equity	5,909	5,792	5,783	6,157	6,293	7,009
Minority Interest	285.21	280.71	291.12	291.95	485.98	519.17
Shareholders' Equity	6,194	6,073	6,074	6,449	6,779	7,528
Total Liabilities & Equity	17,789	15,744	17,179	17,041	18,145	20,138
Total Debt	8,718	7,327	8,931	8,242	8,750	9,642
Net Cash (Debt)	-5,809	-5,393	-6,205	-5,374	-5,421	-5,652
Net Cash Per Share	-2.50	-2.82	-3.58	-3.22	-3.25	-3.77
Filing Date Shares Outstanding	2,532	3,729	1,605	1,640	1,688	1,701
Total Common Shares Outstanding	2,532	3,729	1,605	1,640	1,688	1,701
Working Capital	463.17	93.56	239.96	353.52	781.68	1,262
Book Value Per Share	2.33	1.55	3.60	3.75	3.73	4.12
Tangible Book Value	4,984	4,855	4,772	5,156	5,186	5,913
Tangible Book Value Per Share	1.97	1.30	2.97	3.14	3.07	3.48
Buildings	-	-	3,670	3,377	3,451	3,257
Machinery	-	-	5,420	5,258	5,522	5,267
Construction In Progress	-	-	324.55	475.06	405.32	428.51

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