Shanxi Huhua Group 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	176.64	156.92	310.56	426.18	371.3	379.83
Trading Asset Securities	6	-	54.24	90.01	103.01	64.24
Cash & Short-Term Investments	182.64	156.92	364.8	516.19	474.31	444.07
Cash Growth	6.40%	-56.98%	-29.33%	8.83%	6.81%	-23.37%
Accounts Receivable	503.59	546.85	375.55	352.59	267.84	275.62
Other Receivables	32.35	25.52	21.11	16.35	17.82	13.87
Receivables	535.93	572.37	396.66	368.95	285.66	289.49
Inventory	147.91	130.23	121.83	139.49	148.42	79.12
Prepaid Expenses	-	-	0.01	0.29	0.61	-
Other Current Assets	193.58	180.65	43.31	14.63	13.9	13.45
Total Current Assets	1,060	1,040	926.61	1,040	922.91	826.12
Property, Plant & Equipment	579.97	588.22	525.49	402.25	277.9	249.04
Long-Term Investments	141.32	140.67	102.87	102.63	107.01	102.86
Goodwill	188.38	188.97	76.58	78.64	72.54	65.56
Other Intangible Assets	356.89	362.68	261.2	266.91	224.28	205.49
Long-Term Deferred Tax Assets	18.75	18.8	14.67	18.3	30.53	16.13
Long-Term Deferred Charges	-	-	-	0.05	-	-
Other Long-Term Assets	21.28	22.59	129.6	36.17	84.61	57.16
Total Assets	2,367	2,362	2,037	1,945	1,720	1,522
Accounts Payable	214.94	205.45	205.68	201.84	182.9	96.91
Accrued Expenses	41.27	61.05	70.93	68.78	70.37	62.57
Short-Term Debt	10.55	10.55	6.99	5.01	-	43.55
Current Portion of Long-Term Debt	21.98	22.03	-	-	-	-
Current Portion of Leases	-	-	3.15	2.84	2.75	1.46
Current Income Taxes Payable	14.08	22.77	10.3	14.63	9.98	10.59
Current Unearned Revenue	43.42	36.37	44.56	33.95	28.47	26.41
Other Current Liabilities	121.25	118.4	112.71	100.33	80.03	55.92
Total Current Liabilities	467.49	476.61	454.33	427.37	374.51	297.42
Long-Term Debt	120	124	-	-	-	-
Long-Term Leases	5.09	5.04	0.91	4.1	6.49	4.85
Long-Term Unearned Revenue	26.24	26.42	24.43	21.29	22.28	23.53
Long-Term Deferred Tax Liabilities	68.46	69.2	43.62	46.03	41.49	32.65
Total Liabilities	687.28	701.27	523.29	498.79	444.77	358.45
Common Stock	200	200	200	200	200	200
Additional Paid-In Capital	354.54	351.57	347.38	364.14	363.02	362.73
Retained Earnings	938.72	922.73	780.56	690.02	515.34	424.19
Comprehensive Income & Other	58.81	56.08	49.14	48.21	54.58	48.45
Total Common Equity	1,552	1,530	1,377	1,302	1,133	1,035
Minority Interest	127.32	130.44	136.64	143.33	142.08	128.54
Shareholders' Equity	1,679	1,661	1,514	1,446	1,275	1,164
Total Liabilities & Equity	2,367	2,362	2,037	1,945	1,720	1,522
Total Debt	157.62	161.62	11.05	11.94	9.25	49.86
Net Cash (Debt)	25.02	-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	0.12	-0.02	1.77	2.51	2.34	1.99
Filing Date Shares Outstanding	199.87	202.02	200	200	200	200
Total Common Shares Outstanding	199.87	202.02	200	200	200	200
Working Capital	592.57	563.56	472.28	612.19	548.41	528.7
Book Value Per Share	7.77	7.58	6.89	6.51	5.66	5.18
Tangible Book Value	1,007	978.73	1,039	956.83	836.12	764.32
Tangible Book Value Per Share	5.04	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.