Shandong Humon Smelting 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	6,036	4,049	3,728	4,811	3,903	3,596
Cash & Short-Term Investments	6,036	4,049	3,728	4,811	3,903	3,596
Cash Growth	89.51%	8.63%	-22.52%	23.25%	8.54%	34.12%
Accounts Receivable	221.08	149.94	58.39	11.19	262.29	444.63
Other Receivables	1,642	2,372	1,167	974.53	1,123	872.74
Receivables	1,863	2,522	1,225	985.72	1,385	1,317
Inventory	19,850	20,165	10,642	9,309	9,003	8,779
Prepaid Expenses	-	-	-	-	-	4.2
Other Current Assets	1,190	43.36	490.73	164.72	134.01	178.38
Total Current Assets	28,939	26,780	16,085	15,271	14,425	13,875
Property, Plant & Equipment	8,069	7,700	6,783	5,026	4,180	4,408
Long-Term Investments	900.57	851.39	671.44	425.55	381.82	376.92
Other Intangible Assets	713.79	684.59	735.6	738.78	668.72	657.14
Long-Term Deferred Tax Assets	106.34	100.88	31.18	66.88	76.55	54.47
Long-Term Deferred Charges	0.48	0.53	0.71	0.9	1.08	1.27
Other Long-Term Assets	300.56	439.94	364.99	372.85	143.47	38.5
Total Assets	39,030	36,557	24,673	21,901	19,877	19,412
Accounts Payable	6,073	5,085	2,353	1,598	1,748	1,397
Accrued Expenses	197.23	516.25	255.18	263.24	189.31	104.85
Short-Term Debt	12,219	7,377	3,195	3,637	5,225	8,020
Current Portion of Long-Term Debt	1,485	1,392	1,455	625.66	661.86	193.18
Current Portion of Leases	-	1,877	1,456	96.03	95.63	169.8
Current Income Taxes Payable	461.97	64.79	49.64	25.13	6.04	22.05
Current Unearned Revenue	135.15	140.87	29.54	27.79	48.59	72.64
Other Current Liabilities	1,006	3,017	143.49	347.2	457.33	135.27
Total Current Liabilities	21,578	19,471	8,937	6,620	8,432	10,114
Long-Term Debt	3,514	3,321	5,605	5,416	2,615	1,015
Long-Term Leases	11.76	187.01	11.89	236.23	77.53	-70.86
Long-Term Unearned Revenue	118.17	96.91	83.06	61.63	67.99	79.28
Long-Term Deferred Tax Liabilities	23.49	17.91	31.24	27.86	40.03	23.5
Other Long-Term Liabilities	446.68	304.06	320.69	361.31	451.61	477.83
Total Liabilities	25,692	23,397	14,989	12,723	11,684	11,639
Common Stock	1,430	1,430	1,148	1,148	1,148	1,148
Additional Paid-In Capital	6,349	6,350	3,216	3,019	3,019	3,019
Retained Earnings	5,651	5,468	4,993	4,587	4,072	3,618
Comprehensive Income & Other	44.6	45.06	445.76	523.36	26.2	26.2
Total Common Equity	13,474	13,293	9,802	9,278	8,265	7,812
Minority Interest	-136.87	-134.17	-119.15	-100.43	-72.12	-38.4
Shareholders' Equity	13,338	13,159	9,683	9,178	8,193	7,773
Total Liabilities & Equity	39,030	36,557	24,673	21,901	19,877	19,412
Total Debt	17,230	14,154	11,724	10,011	8,675	9,326
Net Cash (Debt)	-11,194	-10,105	-7,996	-5,200	-4,772	-5,730
Net Cash Per Share	-8.65	-7.92	-6.09	-4.13	-4.11	-5.04
Filing Date Shares Outstanding	1,430	1,430	1,148	1,148	1,148	1,148
Total Common Shares Outstanding	1,430	1,430	1,148	1,148	1,148	1,148
Working Capital	7,361	7,309	7,148	8,650	5,993	3,761
Book Value Per Share	9.42	9.30	8.54	8.08	7.20	6.80
Tangible Book Value	12,761	12,609	9,067	8,539	7,596	7,155
Tangible Book Value Per Share	8.92	8.82	7.90	7.44	6.62	6.23
Buildings	-	5,051	4,368	3,849	3,755	3,689
Machinery	-	6,015	4,700	4,011	3,928	3,954
Construction In Progress	-	1,620	2,230	1,278	222.47	279.62

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