New Huadu Technology 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	1,612	1,241	1,069	893.6	774.45	789.25
Cash & Short-Term Investments	1,612	1,241	1,069	893.6	774.45	789.25
Cash Growth	-16.47%	16.13%	19.58%	15.38%	-1.88%	-16.78%
Accounts Receivable	862.32	491.32	728.5	507.47	618.14	540.16
Other Receivables	81.32	95.88	85.38	137.21	104.05	365.81
Receivables	943.64	587.19	813.87	644.68	722.2	905.97
Inventory	732.72	1,071	812.71	880.31	695.65	791.65
Prepaid Expenses	-	-	0.27	1.05	2.28	2.22
Other Current Assets	315.52	451.11	608.57	255.65	222.56	444.05
Total Current Assets	3,604	3,351	3,304	2,675	2,417	2,933
Property, Plant & Equipment	16.48	19.38	38.31	38.14	14.48	1,270
Long-Term Investments	5.26	5.26	6.52	6.83	6.86	6.52
Goodwill	216.45	216.45	216.45	216.45	216.45	216.45
Other Intangible Assets	0.85	0.95	0.85	2.41	2.95	27.39
Long-Term Deferred Tax Assets	25.43	21.06	18.31	14.84	13.73	10.16
Long-Term Deferred Charges	0.24	0.5	1.46	2.95	2.37	96.84
Total Assets	3,869	3,614	3,586	2,957	2,674	4,561
Accounts Payable	1,310	1,200	1,240	1,012	742.82	1,171
Accrued Expenses	27.11	24.96	69.36	65.57	82.01	188.03
Short-Term Debt	210.16	210.18	250.24	155.85	250.28	400.48
Current Portion of Long-Term Debt	3.84	4.19	-	-	-	-
Current Portion of Leases	-	-	13.97	14.04	7.32	166.38
Current Income Taxes Payable	65.33	28.17	31.53	23.22	22.58	12.66
Current Unearned Revenue	6.24	7.01	6.21	6.4	5.83	492.04
Other Current Liabilities	101.76	79.52	91.31	26.88	92.74	151.59
Total Current Liabilities	1,724	1,554	1,703	1,304	1,204	2,583
Long-Term Leases	5.85	6.8	13.68	14.89	2.24	912.98
Long-Term Unearned Revenue	-	-	-	-	-	2.27
Long-Term Deferred Tax Liabilities	-	-	-	-	0.13	-
Other Long-Term Liabilities	45.27	45.27	-	0.74	-	0.27
Total Liabilities	1,776	1,606	1,716	1,320	1,206	3,498
Common Stock	719.81	719.81	719.86	719.92	719.99	684.56
Additional Paid-In Capital	884.6	883.73	1,262	1,261	1,263	1,144
Retained Earnings	537.97	454.22	-54.89	-315.06	-515.8	-720.28
Treasury Stock	-57.16	-57.98	-103.22	-68.4	-44.7	-81.55
Comprehensive Income & Other	-1.6	-1.49	36.19	28.84	34.25	34.31
Total Common Equity	2,084	1,998	1,860	1,626	1,457	1,061
Minority Interest	9.66	9.63	9.36	10.33	11.46	1.86
Shareholders' Equity	2,093	2,008	1,869	1,637	1,468	1,062
Total Liabilities & Equity	3,869	3,614	3,586	2,957	2,674	4,561
Total Debt	219.85	221.16	277.89	184.78	259.84	1,480
Net Cash (Debt)	1,392	1,020	790.66	708.82	514.61	-690.59
Net Cash Growth	-15.82%	28.97%	11.54%	37.74%	-	-
Net Cash Per Share	1.98	1.44	1.13	0.99	0.75	-1.09
Filing Date Shares Outstanding	697.86	771.42	707.24	696.59	682.56	429.05
Total Common Shares Outstanding	697.86	771.42	707.24	696.59	682.56	429.05
Working Capital	1,880	1,796	1,601	1,371	1,214	350.56
Book Value Per Share	2.99	2.59	2.63	2.33	2.13	2.47
Tangible Book Value	1,866	1,781	1,643	1,408	1,237	816.72
Tangible Book Value Per Share	2.67	2.31	2.32	2.02	1.81	1.90
Buildings	-	-	-	-	-	227.31
Machinery	-	-	10.49	7.69	5.8	200.94

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