Hunan Silver Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,277	571.74	90.74	426.53	261.63
Cash & Short-Term Investments	1,277	571.74	90.74	426.53	261.63
Cash Growth	123.29%	530.08%	-78.73%	63.03%	-52.95%
Accounts Receivable	10.54	7.8	1.78	1.67	1.47
Other Receivables	36.54	27.61	28.27	73.35	88.18
Receivables	47.08	35.41	30.05	75.02	89.65
Inventory	1,555	1,063	1,686	1,170	1,213
Prepaid Expenses	0	0	0	-	0
Other Current Assets	136.15	37.03	105.73	82.07	134.66
Total Current Assets	3,015	1,707	1,912	1,753	1,699
Property, Plant & Equipment	1,503	1,508	968.42	1,160	1,265
Long-Term Investments	15.53	6.08	-	-	-
Other Intangible Assets	1,988	2,060	1,147	1,153	1,160
Long-Term Accounts Receivable	-	5.71	-	-	-
Long-Term Deferred Tax Assets	9.93	7.43	0	1.78	0.21
Long-Term Deferred Charges	90.48	44.2	48.04	43.98	32.38
Other Long-Term Assets	177.33	183.23	111.57	-	-
Total Assets	6,800	5,521	4,187	4,112	4,156
Accounts Payable	1,098	758.61	1,141	781.72	389.02
Accrued Expenses	159.14	162.64	30.12	38.7	50.45
Short-Term Debt	915.35	-	-	-	-
Current Portion of Long-Term Debt	85.5	383.44	345.65	-	-
Current Portion of Leases	4.67	3.44	2.14	0.42	0.37
Current Income Taxes Payable	20.81	10.25	4.13	4.15	3.73
Current Unearned Revenue	73.87	70.32	78.86	40.3	18.92
Other Current Liabilities	223.41	202.34	396.86	436.4	628.76
Total Current Liabilities	2,580	1,591	1,999	1,302	1,091
Long-Term Debt	144.63	98	442.82	815.16	840.04
Long-Term Leases	94.12	90.66	12.64	0.43	0.51
Long-Term Unearned Revenue	33.74	20.31	25.96	32.77	80.82
Long-Term Deferred Tax Liabilities	33.44	41.29	0.13	0.05	-
Other Long-Term Liabilities	378.38	389.55	58.22	122.01	132.72
Total Liabilities	3,265	2,231	2,538	2,272	2,145
Common Stock	2,823	2,823	2,210	2,210	2,210
Additional Paid-In Capital	3,332	3,380	2,506	2,506	2,497
Retained Earnings	-2,624	-2,964	-3,134	-2,973	-2,806
Treasury Stock	-51.98	-4.33	-4.33	-4.33	-4.33
Comprehensive Income & Other	56.35	55.44	70.13	101.48	113.26
Total Common Equity	3,535	3,290	1,648	1,840	2,011
Shareholders' Equity	3,535	3,290	1,648	1,840	2,011
Total Liabilities & Equity	6,800	5,521	4,187	4,112	4,156
Total Debt	1,244	575.54	803.25	816.01	840.92
Net Cash (Debt)	32.38	-3.8	-712.51	-389.48	-579.29
Net Cash Per Share	0.01	-0.00	-0.31	-0.19	-0.39
Filing Date Shares Outstanding	2,823	2,823	2,210	2,210	2,210
Total Common Shares Outstanding	2,823	2,823	2,210	2,210	2,210
Working Capital	434.5	115.82	-86.43	451.72	608
Book Value Per Share	1.25	1.17	0.75	0.83	0.91
Tangible Book Value	1,547	1,230	501.83	687.16	851.13
Tangible Book Value Per Share	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.