Harbin Jiuzhou 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	448.27	278.82	358.33	436.42	465.17	309.41
Trading Asset Securities	2.02	12.56	15.68	19.61	53.89	32.96
Cash & Short-Term Investments	450.29	291.38	374.01	456.03	519.05	342.37
Cash Growth	138.00%	-22.10%	-17.99%	-12.14%	51.61%	-63.85%
Accounts Receivable	1,382	1,331	1,306	1,107	1,246	1,927
Other Receivables	42.06	36.61	70.13	100.72	169.8	195.89
Receivables	1,424	1,368	1,376	1,208	1,415	2,123
Inventory	253.36	243.56	258.91	185.75	333.31	147.69
Other Current Assets	159.63	187.14	193.38	222.49	224.51	446.01
Total Current Assets	2,287	2,090	2,202	2,072	2,492	3,059
Property, Plant & Equipment	3,768	3,822	3,529	3,940	4,075	4,697
Long-Term Investments	932.73	913.89	868.21	882.55	405.08	57.5
Goodwill	36.33	36.33	36.33	62.32	80.34	80.34
Other Intangible Assets	175.21	176.54	180.56	183.81	185.38	203.91
Long-Term Deferred Tax Assets	81.03	83.91	93.34	97.19	90.88	74.47
Long-Term Deferred Charges	137.58	140.16	100.18	90.53	120.3	138.96
Other Long-Term Assets	88.38	77.4	125.83	98.74	122.54	206.41
Total Assets	7,506	7,340	7,136	7,427	7,572	8,518
Accounts Payable	398.43	411.93	480.02	542.14	653.97	655.2
Accrued Expenses	11.49	20.07	25.09	25.53	41.28	26.77
Short-Term Debt	143.48	145.61	309.55	186.72	180.52	208.57
Current Portion of Long-Term Debt	477.2	563.51	360.05	167.71	246.19	12.09
Current Portion of Leases	-	-	105.31	66.75	59.55	177.69
Current Income Taxes Payable	26.5	27.12	17.18	7.5	24.52	25.53
Current Unearned Revenue	64.4	88.93	109.51	146.3	94.79	57.18
Other Current Liabilities	37.46	33.79	19.09	23.45	110.11	171.77
Total Current Liabilities	1,159	1,291	1,426	1,166	1,411	1,335
Long-Term Debt	1,818	1,521	2,138	2,643	1,636	800.91
Long-Term Leases	104.54	104.08	1,065	593.65	1,466	2,979
Long-Term Unearned Revenue	42.67	44.15	52.31	59.01	65.91	78.07
Long-Term Deferred Tax Liabilities	6.95	7.14	7.85	8.56	0.25	15.28
Other Long-Term Liabilities	1,688	1,716	-	-	104.36	311.82
Total Liabilities	4,819	4,683	4,690	4,470	4,683	5,519
Common Stock	643.41	643.41	602.85	587.69	587.66	587.65
Additional Paid-In Capital	1,343	1,343	1,127	1,044	1,044	1,046
Retained Earnings	629.08	603.4	598.61	1,184	1,125	1,007
Treasury Stock	-10	-10	-10	-	-	-
Comprehensive Income & Other	8.03	5.2	62.55	82.61	80.34	80.36
Total Common Equity	2,613	2,585	2,381	2,899	2,837	2,721
Minority Interest	73.99	72.07	65.11	58.41	51.88	278.03
Shareholders' Equity	2,687	2,657	2,447	2,957	2,889	2,999
Total Liabilities & Equity	7,506	7,340	7,136	7,427	7,572	8,518
Total Debt	2,543	2,334	3,978	3,658	3,588	4,178
Net Cash (Debt)	-2,093	-2,043	-3,604	-3,202	-3,069	-3,835
Net Cash Per Share	-3.47	-3.49	-6.15	-5.44	-5.20	-6.67
Filing Date Shares Outstanding	642.05	491.83	600.58	587.69	587.66	587.65
Total Common Shares Outstanding	642.05	491.83	600.58	587.69	587.66	587.65
Working Capital	1,128	798.87	776.5	905.83	1,081	1,724
Book Value Per Share	4.07	5.26	3.97	4.93	4.83	4.63
Tangible Book Value	2,402	2,372	2,165	2,653	2,572	2,436
Tangible Book Value Per Share	3.74	4.82	3.60	4.51	4.38	4.15
Buildings	-	-	1,171	1,168	857.57	528.74
Machinery	-	-	3,159	3,183	3,008	3,248
Construction In Progress	182.71	-	98.64	344.38	501.45	623.78

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