Huasi Holding Company 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	231.95	210.33	170.3	158.13	164.72	187.24
Short-Term Investments	-	-	94	-	9	-
Trading Asset Securities	-	-	-	-	-	8
Cash & Short-Term Investments	231.95	210.33	264.3	158.13	173.72	195.24
Cash Growth	-21.14%	-20.42%	67.14%	-8.97%	-11.02%	-47.85%
Accounts Receivable	23.56	36.63	44.49	51.89	37.51	54.33
Other Receivables	1.31	0.71	1.36	5.16	3.5	6.56
Receivables	24.87	37.34	45.85	57.05	41.01	60.89
Inventory	358.29	379.42	436.69	362.68	283.58	507.73
Prepaid Expenses	-	2.55	2.63	2.77	26.19	15.78
Other Current Assets	35.99	33.43	26.24	32.67	25.51	33.12
Total Current Assets	651.1	663.07	775.72	613.31	550.01	812.77
Property, Plant & Equipment	220.46	224.78	257.2	297.59	431.57	423.15
Long-Term Investments	18.49	20.26	-	88	2.28	2.28
Other Intangible Assets	22.64	22.89	23.74	43.53	51.75	53.23
Long-Term Deferred Tax Assets	18.89	19.62	25.04	32.21	33.76	42.01
Long-Term Deferred Charges	13.49	14.68	17.93	5.18	2.85	1.73
Other Long-Term Assets	487.64	494.77	519.71	586.93	578.74	576.96
Total Assets	1,433	1,460	1,619	1,667	1,651	1,912
Accounts Payable	53.1	71.58	73.6	68.15	44.62	42.23
Accrued Expenses	9.28	20.1	14.64	13.61	10.53	7.11
Short-Term Debt	-	33.71	213.91	173.95	134.97	38.65
Current Portion of Long-Term Debt	0.41	-	-	-	-	-
Current Portion of Leases	-	3.33	4.07	1.79	0.34	1.21
Current Income Taxes Payable	1.87	1.21	1.22	1.22	1.22	1.22
Current Unearned Revenue	29.97	32.94	33.37	19.14	15.05	22.5
Other Current Liabilities	40.1	28.51	38.87	166.01	210.94	238.36
Total Current Liabilities	134.73	191.38	379.68	443.86	417.66	351.28
Long-Term Debt	25.5	5.5	-	-	-	-
Long-Term Leases	12.02	10.89	10.91	1.86	-	0.33
Long-Term Unearned Revenue	14.41	14.85	9.63	11.1	10.01	11.17
Long-Term Deferred Tax Liabilities	2.95	3.35	5.3	1.85	0.56	0.75
Other Long-Term Liabilities	5.99	5.89	5.5	5.27	5.27	4.85
Total Liabilities	195.59	231.86	411.02	463.94	433.51	368.38
Common Stock	377.31	377.31	377.31	377.31	377.31	385.56
Additional Paid-In Capital	1,200	-	-	1,199	1,208	1,250
Retained Earnings	-295.31	-303.66	-324.2	-346.42	-333.42	-17.38
Treasury Stock	-15	-15	-15	-	-	-50
Comprehensive Income & Other	-8.69	1,191	1,191	-6.13	-4.48	-2.64
Total Common Equity	1,258	1,249	1,230	1,224	1,247	1,565
Minority Interest	-21.26	-21.26	-21.26	-21.26	-29.84	-21.43
Shareholders' Equity	1,237	1,228	1,208	1,203	1,217	1,544
Total Liabilities & Equity	1,433	1,460	1,619	1,667	1,651	1,912
Total Debt	37.93	53.43	228.9	177.6	135.3	40.19
Net Cash (Debt)	194.02	156.91	35.41	-19.47	38.42	155.05
Net Cash Growth	135.62%	343.14%	-	-	-75.22%	-37.46%
Net Cash Per Share	0.52	0.42	0.09	-0.05	0.10	0.41
Filing Date Shares Outstanding	374.4	373.08	373.08	377.31	377.31	377.31
Total Common Shares Outstanding	374.4	373.08	373.08	377.31	377.31	377.31
Working Capital	516.36	471.69	396.04	169.45	132.35	461.49
Book Value Per Share	3.36	3.35	3.30	3.24	3.31	4.15
Tangible Book Value	1,236	1,227	1,206	1,181	1,196	1,512
Tangible Book Value Per Share	3.30	3.29	3.23	3.13	3.17	4.01
Buildings	-	364.85	398.12	401.83	455.92	469.76
Machinery	-	119.07	116.67	115.04	107.5	123.76
Construction In Progress	-	-	0.27	41.01	144.37	94.13

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