Zhejiang Hailiang 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	8,322	6,436	7,721	5,096	4,703	4,196
Trading Asset Securities	13.35	153.92	31.35	18.4	89.1	455.56
Cash & Short-Term Investments	8,335	6,590	7,753	5,114	4,792	4,652
Cash Growth	37.38%	-15.00%	51.59%	6.73%	3.00%	-5.32%
Accounts Receivable	8,911	9,532	6,742	5,685	6,704	4,488
Other Receivables	1,242	288.57	160.09	202.14	265	431.11
Receivables	10,153	9,820	6,902	5,888	6,969	4,919
Inventory	9,730	8,755	7,087	6,858	7,780	5,079
Prepaid Expenses	-	467.32	343.61	351.98	254.99	-
Other Current Assets	3,270	1,217	1,239	1,107	1,308	2,015
Total Current Assets	31,488	26,849	23,324	19,319	21,103	16,664
Property, Plant & Equipment	11,226	11,233	10,603	7,762	5,121	4,240
Long-Term Investments	2,094	3,164	2,974	2,862	2,754	2,529
Goodwill	263.29	268.87	326.12	345.16	345.16	345.16
Other Intangible Assets	1,074	1,092	895.77	894.52	747.31	657.05
Long-Term Deferred Tax Assets	553.17	495.14	302.26	332.43	306.63	314.15
Long-Term Deferred Charges	0.78	0.57	0.61	13.82	9.22	8.5
Other Long-Term Assets	464.1	469.12	863.38	976.76	821.66	442.85
Total Assets	47,864	44,480	40,405	33,486	32,099	26,120
Accounts Payable	2,804	3,104	3,115	4,221	6,822	5,540
Accrued Expenses	283.55	468.51	502.24	543.7	433.46	556.29
Short-Term Debt	12,940	11,465	8,227	5,401	5,901	3,229
Current Portion of Long-Term Debt	4,126	5,873	1,876	2,117	1,080	531.31
Current Portion of Leases	-	32.71	33.46	18.24	34.69	-
Current Income Taxes Payable	263.67	171.89	184.54	217.13	163.8	171.24
Current Unearned Revenue	890.71	473.1	417.34	422.6	559.94	272.88
Other Current Liabilities	851.24	445.92	412.97	473.08	361.24	666.44
Total Current Liabilities	22,159	22,035	14,768	13,414	15,357	10,967
Long-Term Debt	5,685	4,856	8,189	6,142	4,428	4,509
Long-Term Leases	19.15	33.07	59.33	64.97	174.14	30.95
Long-Term Unearned Revenue	329.16	273.26	241.85	161.37	59.14	62.38
Pension & Post-Retirement Benefits	126.59	114.72	121.83	96.66	138.5	154.81
Long-Term Deferred Tax Liabilities	211.94	220.59	186.62	224.14	225.83	181.49
Other Long-Term Liabilities	-	-	-	5.98	-	-
Total Liabilities	28,530	27,532	23,566	20,109	20,383	15,905
Common Stock	2,292	1,998	1,998	1,983	1,967	1,952
Additional Paid-In Capital	6,003	3,024	3,024	2,748	2,487	2,317
Retained Earnings	9,211	8,685	8,322	7,363	6,302	5,339
Treasury Stock	-750.08	-253.52	-	-	-	-294.92
Comprehensive Income & Other	40.05	912.63	733.81	625.78	303.09	524.09
Total Common Equity	16,796	14,366	14,077	12,720	11,059	9,838
Minority Interest	2,538	2,581	2,761	657.17	657.16	376.5
Shareholders' Equity	19,334	16,948	16,839	13,377	11,716	10,214
Total Liabilities & Equity	47,864	44,480	40,405	33,486	32,099	26,120
Total Debt	22,770	22,260	18,384	13,744	11,619	8,300
Net Cash (Debt)	-14,435	-15,670	-10,631	-8,629	-6,827	-3,648
Net Cash Per Share	-7.71	-7.80	-4.85	-4.29	-3.21	-1.76
Filing Date Shares Outstanding	2,211	1,918	1,998	1,983	1,967	1,915
Total Common Shares Outstanding	2,211	1,966	1,998	1,983	1,967	1,915
Working Capital	9,329	4,815	8,556	5,905	5,746	5,698
Book Value Per Share	7.60	7.31	7.04	6.41	5.62	5.14
Tangible Book Value	15,458	13,006	12,856	11,480	9,967	8,836
Tangible Book Value Per Share	6.99	6.61	6.43	5.79	5.07	4.61
Buildings	-	3,924	2,969	1,883	1,463	-
Machinery	-	8,240	6,393	3,670	3,339	-
Construction In Progress	-	1,517	3,107	3,961	1,712	-

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