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	Sep '26 Sep 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	726.86	156.92	310.56	426.18	371.3	379.83
Trading Asset Securities	14	-	54.24	90.01	103.01	64.24
Cash & Short-Term Investments	740.86	156.92	364.8	516.19	474.31	444.07
Cash Growth	186.05%	-56.98%	-29.33%	8.83%	6.81%	-23.37%
Accounts Receivable	549.31	546.85	375.55	352.59	267.84	275.62
Other Receivables	40.09	32.8	21.11	16.35	17.82	13.87
Receivables	589.4	706.5	425.8	368.95	285.66	289.49
Inventory	138.15	130.23	121.83	139.49	148.42	79.12
Prepaid Expenses	-	0.07	0.01	0.29	0.61	-
Other Current Assets	195.08	46.45	14.18	14.63	13.9	13.45
Total Current Assets	1,663	1,040	926.61	1,040	922.91	826.12
Property, Plant & Equipment	556.3	588.22	525.49	402.25	277.9	249.04
Long-Term Investments	114.58	120.67	102.87	102.63	107.01	102.86
Goodwill	187.26	188.97	76.58	78.64	72.54	65.56
Other Intangible Assets	344.09	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	42.43	42.59	129.6	36.17	84.61	57.16
Total Assets	2,929	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	Sep '26 Sep 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	195.09	205.45	205.68	201.84	182.9	96.91
Accrued Expenses	45.76	75.59	70.93	68.78	70.37	62.57
Short-Term Debt	9.48	10.55	6.99	5.01	-	43.55
Current Portion of Long-Term Debt	25.95	20	-	-	-	-
Current Portion of Leases	-	2.03	3.15	2.84	2.75	1.46
Current Income Taxes Payable	18.11	11.64	10.3	14.63	9.98	10.59
Current Unearned Revenue	57.28	36.37	44.56	33.95	28.47	26.41
Other Current Liabilities	118.85	114.98	112.71	100.33	80.03	55.92
Total Current Liabilities	470.51	476.61	454.33	427.37	374.51	297.42
Long-Term Debt	101	124	-	-	-	-
Long-Term Leases	5.25	5.04	0.91	4.1	6.49	4.85
Long-Term Unearned Revenue	25.42	26.42	24.43	21.29	22.28	23.53
Long-Term Deferred Tax Liabilities	66.62	69.2	43.62	46.03	41.49	32.65
Total Liabilities	668.81	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	Sep '26 Sep 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	242.8	200	200	200	200	200
Additional Paid-In Capital	889.84	351.57	347.38	364.14	363.02	362.73
Retained Earnings	950.99	922.73	780.56	690.02	515.34	424.19
Comprehensive Income & Other	63.81	56.08	49.14	48.21	54.58	48.45
Total Common Equity	2,147	1,530	1,377	1,302	1,133	1,035
Minority Interest	112.74	130.44	136.64	143.33	142.08	128.54
Shareholders' Equity	2,260	1,661	1,514	1,446	1,275	1,164
Total Liabilities & Equity	2,929	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	Sep '26 Sep 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	141.68	161.62	11.05	11.94	9.25	49.86
Net Cash (Debt)	599.18	-4.7	353.74	504.25	465.06	394.21
Net Cash Growth	532.52%	-	-29.85%	8.43%	17.97%	-31.97%
Net Cash Per Share	2.91	-0.02	1.77	2.51	2.34	1.99
Filing Date Shares Outstanding	242.8	200	200	200	200	200
Total Common Shares Outstanding	242.8	200	200	200	200	200
Working Capital	1,193	563.56	472.28	612.19	548.41	528.7
Book Value Per Share	8.84	7.65	6.89	6.51	5.66	5.18
Tangible Book Value	1,616	978.73	1,039	956.83	836.12	764.32
Tangible Book Value Per Share	6.66	4.89	5.20	4.78	4.18	3.82
Land	-	6.24	-	-	-	-
Buildings	-	682.77	533.02	378.14	309.07	296.02
Machinery	-	527.54	432.19	380.33	334.61	326.4
Construction In Progress	-	12.8	66.11	108.57	36.78	0.53