Hwa Create 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	Dec '21 Dec 31, 2021
Cash & Equivalents	177.12	249.5	251.53	296.14	391.68	223.24
Trading Asset Securities	-	-	-	-	-	1.96
Cash & Short-Term Investments	177.12	249.5	251.53	296.14	391.68	225.21
Cash Growth	-18.82%	-0.81%	-15.06%	-24.39%	73.92%	-9.31%
Accounts Receivable	531	491.91	432.54	667	703.47	931.69
Other Receivables	23.03	22.87	-	-	-	-
Receivables	554.03	514.78	432.54	667	703.47	931.69
Inventory	408.55	413.32	603.53	341.19	347.1	252.95
Prepaid Expenses	-	-	0.4	0.21	4.82	0.28
Other Current Assets	55.92	49.1	53.82	133.92	71.7	85.52
Total Current Assets	1,196	1,227	1,342	1,438	1,519	1,496
Property, Plant & Equipment	221.94	235.82	188.67	122.44	116.56	140.68
Long-Term Investments	142.62	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	588.55	607.79	516.38	396.11	394.6	330.13
Long-Term Accounts Receivable	-	-	9.1	7.13	8.53	10.23
Long-Term Deferred Tax Assets	74.42	73.13	69.73	53.82	55.54	35.22
Long-Term Deferred Charges	109.41	96.69	162.08	208.58	124.44	145.69
Other Long-Term Assets	13.42	15.22	-	-	-	-
Total Assets	2,349	2,402	2,445	2,388	2,280	2,205
Accounts Payable	418.65	453.84	436.33	262.55	272.88	272.67
Accrued Expenses	21.58	23.4	84.08	110.01	103.72	116.78
Short-Term Debt	46.46	41.19	23.52	78.3	43.84	155.5
Current Portion of Long-Term Debt	3.43	3.83	-	-	-	-
Current Portion of Leases	-	-	3.34	5.58	4	4.09
Current Income Taxes Payable	70.21	72.1	4.31	4.62	4.81	8.05
Current Unearned Revenue	106.83	112.9	155.18	65.41	42.79	54.03
Other Current Liabilities	11.76	14.81	8.03	14.9	8.01	9.56
Total Current Liabilities	678.92	722.06	714.79	541.38	480.05	620.68
Long-Term Leases	10.34	10.61	5.85	4.77	8.18	9
Long-Term Unearned Revenue	99.33	98.06	85.8	59.49	34.61	29.75
Long-Term Deferred Tax Liabilities	29.33	29.6	29.73	29.88	26.26	24.8
Other Long-Term Liabilities	3.44	3.34	2.62	3.87	3.04	5.76
Total Liabilities	821.36	863.67	838.79	639.38	552.13	689.99
Common Stock	662.68	662.68	662.68	662.68	662.68	614.22
Additional Paid-In Capital	1,056	1,056	1,055	1,055	1,052	776.71
Retained Earnings	-199.4	-187.45	-118.22	24.74	7.12	117.38
Comprehensive Income & Other	-2.71	-3.1	-3	-3.02	-1.66	-1.16
Total Common Equity	1,517	1,529	1,596	1,739	1,720	1,507
Minority Interest	10.23	9.93	10.11	9.33	8.03	8.09
Shareholders' Equity	1,527	1,539	1,607	1,749	1,728	1,515
Total Liabilities & Equity	2,349	2,402	2,445	2,388	2,280	2,205
Total Debt	60.22	55.63	32.7	88.65	56.02	168.59
Net Cash (Debt)	116.9	193.86	218.83	207.48	335.66	56.62
Net Cash Growth	-37.94%	-11.41%	5.47%	-38.19%	492.81%	-43.78%
Net Cash Per Share	0.17	0.28	0.34	0.35	0.52	0.09
Filing Date Shares Outstanding	664.26	785.54	662.68	662.68	662.68	614.22
Total Common Shares Outstanding	664.26	785.54	662.68	662.68	662.68	614.22
Working Capital	516.7	504.63	627.03	897.08	1,039	874.97
Book Value Per Share	2.28	1.95	2.41	2.62	2.60	2.45
Tangible Book Value	925.85	918.18	1,071	1,327	1,309	1,161
Tangible Book Value Per Share	1.39	1.17	1.62	2.00	1.98	1.89
Buildings	-	-	99.03	82.3	82.3	81.62
Machinery	-	-	186.54	115.54	90.93	96.89

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