Hwa Create 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	Dec '21 Dec 31, 2021
Cash & Equivalents	211.41	249.5	246.04	296.14	391.68	223.24
Trading Asset Securities	15	-	-	-	-	1.96
Cash & Short-Term Investments	226.41	249.5	246.04	296.14	391.68	225.21
Cash Growth	23.38%	1.40%	-16.92%	-24.39%	73.92%	-9.31%
Accounts Receivable	460.07	491.91	432.54	667	703.47	931.69
Other Receivables	19.27	22.87	19.78	-	-	-
Receivables	479.33	514.78	452.33	667	703.47	931.69
Inventory	487.68	413.32	603.53	341.19	347.1	252.95
Prepaid Expenses	-	0.4	0.4	0.21	4.82	0.28
Other Current Assets	53.55	48.7	39.53	133.92	71.7	85.52
Total Current Assets	1,247	1,227	1,342	1,438	1,519	1,496
Property, Plant & Equipment	232.63	235.82	188.67	122.44	116.56	140.68
Long-Term Investments	142.23	144.22	148.74	145.35	45.75	31.37
Goodwill	2.62	2.62	8.88	16.26	16.26	16.26
Other Intangible Assets	619.57	607.79	516.38	396.11	394.6	330.13
Long-Term Accounts Receivable	-	15.22	9.1	7.13	8.53	10.23
Long-Term Deferred Tax Assets	78.35	73.13	69.73	53.82	55.54	35.22
Long-Term Deferred Charges	82.2	96.69	162.08	208.58	124.44	145.69
Other Long-Term Assets	12.91	-	-	-	-	-
Total Assets	2,417	2,402	2,445	2,388	2,280	2,205

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	Dec '21 Dec 31, 2021
Accounts Payable	436.81	453.84	436.33	262.55	272.88	272.67
Accrued Expenses	15.21	95.1	84.08	110.01	103.72	116.78
Short-Term Debt	83.84	41.19	21.03	78.3	43.84	155.5
Current Portion of Long-Term Debt	3.41	-	-	-	-	-
Current Portion of Leases	-	3.83	3.34	5.58	4	4.09
Current Income Taxes Payable	62.58	0.32	4.31	4.62	4.81	8.05
Current Unearned Revenue	130.99	113.62	155.18	65.41	42.79	54.03
Other Current Liabilities	13.8	14.16	10.53	14.9	8.01	9.56
Total Current Liabilities	746.64	722.06	714.79	541.38	480.05	620.68
Long-Term Leases	8.84	10.61	5.85	4.77	8.18	9
Long-Term Unearned Revenue	106.04	98.06	85.8	59.49	34.61	29.75
Long-Term Deferred Tax Liabilities	28.89	29.6	29.73	29.88	26.26	24.8
Other Long-Term Liabilities	27.48	3.34	2.62	3.87	3.04	5.76
Total Liabilities	917.89	863.67	838.79	639.38	552.13	689.99

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	Dec '21 Dec 31, 2021
Common Stock	662.68	662.68	662.68	662.68	662.68	614.22
Additional Paid-In Capital	1,032	1,056	1,055	1,055	1,052	776.71
Retained Earnings	-221.72	-187.45	-118.22	24.74	7.12	117.38
Comprehensive Income & Other	-2.22	-3.1	-3	-3.02	-1.66	-1.16
Total Common Equity	1,471	1,529	1,596	1,739	1,720	1,507
Minority Interest	28.69	9.93	10.11	9.33	8.03	8.09
Shareholders' Equity	1,500	1,539	1,607	1,749	1,728	1,515
Total Liabilities & Equity	2,417	2,402	2,445	2,388	2,280	2,205

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	Dec '21 Dec 31, 2021
Total Debt	96.08	55.63	30.21	88.65	56.02	168.59
Net Cash (Debt)	130.32	193.86	215.83	207.48	335.66	56.62
Net Cash Growth	-13.63%	-10.18%	4.03%	-38.19%	492.81%	-43.78%
Net Cash Per Share	0.19	0.28	0.33	0.35	0.52	0.09
Filing Date Shares Outstanding	664.56	662.68	662.68	662.68	662.68	614.22
Total Common Shares Outstanding	664.56	662.68	662.68	662.68	662.68	614.22
Working Capital	500.33	504.63	627.03	897.08	1,039	874.97
Book Value Per Share	2.21	2.31	2.41	2.62	2.60	2.45
Tangible Book Value	848.71	918.18	1,071	1,327	1,309	1,161
Tangible Book Value Per Share	1.28	1.39	1.62	2.00	1.98	1.89
Buildings	-	99.03	99.03	82.3	82.3	81.62
Machinery	-	267.82	186.54	115.54	90.93	96.89