Shanxi Huhua Group 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	156.92	310.56	426.18	371.3	379.83
Trading Asset Securities	-	54.24	90.01	103.01	64.24
Cash & Short-Term Investments	156.92	364.8	516.19	474.31	444.07
Cash Growth	-56.98%	-29.33%	8.83%	6.81%	-23.37%
Accounts Receivable	546.85	375.55	352.59	267.84	275.62
Other Receivables	25.52	21.11	16.35	17.82	13.87
Receivables	572.37	396.66	368.95	285.66	289.49
Inventory	130.23	121.83	139.49	148.42	79.12
Prepaid Expenses	-	0.01	0.29	0.61	-
Other Current Assets	180.65	43.31	14.63	13.9	13.45
Total Current Assets	1,040	926.61	1,040	922.91	826.12
Property, Plant & Equipment	588.22	525.49	402.25	277.9	249.04
Long-Term Investments	140.67	102.87	102.63	107.01	102.86
Goodwill	188.97	76.58	78.64	72.54	65.56
Other Intangible Assets	362.68	261.2	266.91	224.28	205.49
Long-Term Deferred Tax Assets	18.8	14.67	18.3	30.53	16.13
Long-Term Deferred Charges	-	-	0.05	-	-
Other Long-Term Assets	22.59	129.6	36.17	84.61	57.16
Total Assets	2,362	2,037	1,945	1,720	1,522
Accounts Payable	205.45	205.68	201.84	182.9	96.91
Accrued Expenses	61.05	70.93	68.78	70.37	62.57
Short-Term Debt	10.55	6.99	5.01	-	43.55
Current Portion of Long-Term Debt	22.03	-	-	-	-
Current Portion of Leases	-	3.15	2.84	2.75	1.46
Current Income Taxes Payable	22.77	10.3	14.63	9.98	10.59
Current Unearned Revenue	36.37	44.56	33.95	28.47	26.41
Other Current Liabilities	118.4	112.71	100.33	80.03	55.92
Total Current Liabilities	476.61	454.33	427.37	374.51	297.42
Long-Term Debt	124	-	-	-	-
Long-Term Leases	5.04	0.91	4.1	6.49	4.85
Long-Term Unearned Revenue	26.42	24.43	21.29	22.28	23.53
Long-Term Deferred Tax Liabilities	69.2	43.62	46.03	41.49	32.65
Total Liabilities	701.27	523.29	498.79	444.77	358.45
Common Stock	200	200	200	200	200
Additional Paid-In Capital	351.57	347.38	364.14	363.02	362.73
Retained Earnings	922.73	780.56	690.02	515.34	424.19
Comprehensive Income & Other	56.08	49.14	48.21	54.58	48.45
Total Common Equity	1,530	1,377	1,302	1,133	1,035
Minority Interest	130.44	136.64	143.33	142.08	128.54
Shareholders' Equity	1,661	1,514	1,446	1,275	1,164
Total Liabilities & Equity	2,362	2,037	1,945	1,720	1,522
Total Debt	161.62	11.05	11.94	9.25	49.86
Net Cash (Debt)	-4.7	353.74	504.25	465.06	394.21
Net Cash Growth	-	-29.85%	8.43%	17.97%	-31.97%
Net Cash Per Share	-0.02	1.77	2.51	2.34	1.99
Filing Date Shares Outstanding	202.02	200	200	200	200
Total Common Shares Outstanding	202.02	200	200	200	200
Working Capital	563.56	472.28	612.19	548.41	528.7
Book Value Per Share	7.58	6.89	6.51	5.66	5.18
Tangible Book Value	978.73	1,039	956.83	836.12	764.32
Tangible Book Value Per Share	4.84	5.20	4.78	4.18	3.82
Buildings	-	533.02	378.14	309.07	296.02
Machinery	-	432.19	380.33	334.61	326.4
Construction In Progress	-	66.11	108.57	36.78	0.53

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