Shanxi Huhua Group Balance Sheet

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

Millions CNY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	191.58	156.92	310.56	426.18	371.3	379.83
Trading Asset Securities	11	-	54.24	90.01	103.01	64.24
Cash & Short-Term Investments	202.58	156.92	364.8	516.19	474.31	444.07
Cash Growth	8.41%	-56.98%	-29.33%	8.83%	6.81%	-23.37%
Accounts Receivable	543.27	546.85	375.55	352.59	267.84	275.62
Other Receivables	42.1	32.8	21.11	16.35	17.82	13.87
Receivables	633.4	706.5	425.8	368.95	285.66	289.49
Inventory	134.24	130.23	121.83	139.49	148.42	79.12
Prepaid Expenses	0.04	0.07	0.01	0.29	0.61	-
Other Current Assets	46.92	46.45	14.18	14.63	13.9	13.45
Total Current Assets	1,017	1,040	926.61	1,040	922.91	826.12
Property, Plant & Equipment	568.76	588.22	525.49	402.25	277.9	249.04
Long-Term Investments	140.18	120.67	102.87	102.63	107.01	102.86
Goodwill	187.82	188.97	76.58	78.64	72.54	65.56
Other Intangible Assets	350.6	362.68	261.2	266.91	224.28	205.49
Long-Term Deferred Tax Assets	20.82	18.8	14.67	18.3	30.53	16.13
Long-Term Deferred Charges	-	-	-	0.05	-	-
Other Long-Term Assets	22.76	42.59	129.6	36.17	84.61	57.16
Total Assets	2,308	2,362	2,037	1,945	1,720	1,522

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	185.99	205.45	205.68	201.84	182.9	96.91
Accrued Expenses	60.46	75.59	70.93	68.78	70.37	62.57
Short-Term Debt	8.28	10.55	6.99	5.01	-	43.55
Current Portion of Long-Term Debt	20	20	-	-	-	-
Current Portion of Leases	1.89	2.03	3.15	2.84	2.75	1.46
Current Income Taxes Payable	10.43	11.64	10.3	14.63	9.98	10.59
Current Unearned Revenue	28.35	36.37	44.56	33.95	28.47	26.41
Other Current Liabilities	110.2	114.98	112.71	100.33	80.03	55.92
Total Current Liabilities	425.6	476.61	454.33	427.37	374.51	297.42
Long-Term Debt	109	124	-	-	-	-
Long-Term Leases	5.25	5.04	0.91	4.1	6.49	4.85
Long-Term Unearned Revenue	25.55	26.42	24.43	21.29	22.28	23.53
Long-Term Deferred Tax Liabilities	67.3	69.2	43.62	46.03	41.49	32.65
Total Liabilities	632.71	701.27	523.29	498.79	444.77	358.45

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	200	200	200	200	200	200
Additional Paid-In Capital	355.73	351.57	347.38	364.14	363.02	362.73
Retained Earnings	942.84	922.73	780.56	690.02	515.34	424.19
Comprehensive Income & Other	61.05	56.08	49.14	48.21	54.58	48.45
Total Common Equity	1,560	1,530	1,377	1,302	1,133	1,035
Minority Interest	115.8	130.44	136.64	143.33	142.08	128.54
Shareholders' Equity	1,675	1,661	1,514	1,446	1,275	1,164
Total Liabilities & Equity	2,308	2,362	2,037	1,945	1,720	1,522

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	144.42	161.62	11.05	11.94	9.25	49.86
Net Cash (Debt)	58.16	-4.7	353.74	504.25	465.06	394.21
Net Cash Growth	325.24%	-	-29.85%	8.43%	17.97%	-31.97%
Net Cash Per Share	0.29	-0.02	1.77	2.51	2.34	1.99
Filing Date Shares Outstanding	200	200	200	200	200	200
Total Common Shares Outstanding	200	200	200	200	200	200
Working Capital	591.58	563.56	472.28	612.19	548.41	528.7
Book Value Per Share	7.80	7.65	6.89	6.51	5.66	5.18
Tangible Book Value	1,021	978.73	1,039	956.83	836.12	764.32
Tangible Book Value Per Share	5.11	4.89	5.20	4.78	4.18	3.82
Land	6.24	6.24	-	-	-	-
Buildings	683.01	682.77	533.02	378.14	309.07	296.02
Machinery	508.27	527.54	432.19	380.33	334.61	326.4
Construction In Progress	21.52	12.8	66.11	108.57	36.78	0.53