Hunan Silver 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	909.82	1,277	571.74	90.74	426.53	261.63
Cash & Short-Term Investments	909.82	1,277	571.74	90.74	426.53	261.63
Cash Growth	102.39%	123.29%	530.08%	-78.73%	63.03%	-52.95%
Accounts Receivable	13.04	10.54	7.8	1.78	1.67	1.47
Other Receivables	24.54	36.54	27.61	28.27	73.35	88.18
Receivables	37.58	47.08	35.41	30.05	75.02	89.65
Inventory	3,124	1,555	1,063	1,686	1,170	1,213
Prepaid Expenses	-	0	0	0	-	0
Other Current Assets	407.85	136.15	37.03	105.73	82.07	134.66
Total Current Assets	4,479	3,015	1,707	1,912	1,753	1,699
Property, Plant & Equipment	1,487	1,503	1,508	968.42	1,160	1,265
Long-Term Investments	14.41	15.53	6.08	-	-	-
Other Intangible Assets	1,970	1,988	2,060	1,147	1,153	1,160
Long-Term Accounts Receivable	-	-	5.71	-	-	-
Long-Term Deferred Tax Assets	6.43	9.93	7.43	0	1.78	0.21
Long-Term Deferred Charges	90.46	90.48	44.2	48.04	43.98	32.38
Other Long-Term Assets	178.35	177.33	183.23	111.57	-	-
Total Assets	8,226	6,800	5,521	4,187	4,112	4,156
Accounts Payable	1,369	1,098	758.61	1,141	781.72	389.02
Accrued Expenses	68.16	159.14	162.64	30.12	38.7	50.45
Short-Term Debt	1,208	915.35	-	-	-	-
Current Portion of Long-Term Debt	183.54	85.5	383.44	345.65	-	-
Current Portion of Leases	-	4.67	3.44	2.14	0.42	0.37
Current Income Taxes Payable	41.81	20.81	10.25	4.13	4.15	3.73
Current Unearned Revenue	288.6	73.87	70.32	78.86	40.3	18.92
Other Current Liabilities	207.31	223.41	202.34	396.86	436.4	628.76
Total Current Liabilities	3,366	2,580	1,591	1,999	1,302	1,091
Long-Term Debt	246.63	144.63	98	442.82	815.16	840.04
Long-Term Leases	11.43	94.12	90.66	12.64	0.43	0.51
Long-Term Unearned Revenue	32.76	33.74	20.31	25.96	32.77	80.82
Long-Term Deferred Tax Liabilities	31.15	33.44	41.29	0.13	0.05	-
Other Long-Term Liabilities	477.63	378.38	389.55	58.22	122.01	132.72
Total Liabilities	4,166	3,265	2,231	2,538	2,272	2,145
Common Stock	2,823	2,823	2,823	2,210	2,210	2,210
Additional Paid-In Capital	3,693	3,332	3,380	2,506	2,506	2,497
Retained Earnings	-2,468	-2,624	-2,964	-3,134	-2,973	-2,806
Treasury Stock	-47.66	-51.98	-4.33	-4.33	-4.33	-4.33
Comprehensive Income & Other	59.65	56.35	55.44	70.13	101.48	113.26
Total Common Equity	4,060	3,535	3,290	1,648	1,840	2,011
Shareholders' Equity	4,060	3,535	3,290	1,648	1,840	2,011
Total Liabilities & Equity	8,226	6,800	5,521	4,187	4,112	4,156
Total Debt	1,650	1,244	575.54	803.25	816.01	840.92
Net Cash (Debt)	-739.85	32.38	-3.8	-712.51	-389.48	-579.29
Net Cash Per Share	-0.26	0.01	-0.00	-0.31	-0.19	-0.39
Filing Date Shares Outstanding	2,828	2,823	2,823	2,210	2,210	2,210
Total Common Shares Outstanding	2,828	2,823	2,823	2,210	2,210	2,210
Working Capital	1,113	434.5	115.82	-86.43	451.72	608
Book Value Per Share	1.44	1.25	1.17	0.75	0.83	0.91
Tangible Book Value	2,090	1,547	1,230	501.83	687.16	851.13
Tangible Book Value Per Share	0.74	0.55	0.44	0.23	0.31	0.39
Buildings	-	1,437	1,418	1,202	1,310	1,312
Machinery	-	831.29	827.52	559.84	592.33	585.43
Construction In Progress	-	17.94	33.76	3.3	49.75	54.03

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